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Unformatted text preview: ountry is influenced by its prevailing political system as well as historical tradition. TRUE 8. Property rights refer to the bundle of legal rights over the use to which a resource is put and over the use made of any income that may be derived from that resource. TRUE Page 1 of 3 131017 A2 Week 2 Exam 1 ‐ KEY.docx BUS 350 – International Business – Paul McAfee Keuka College – ITEC – HCMC, Việt Nam 9. Folkways are the routine conventions of everyday life. TRUE 10. The relationship among religion, ethics, and society is straightforward and relatively easy to discern. FALSE 11. Norms that are central to the functioning of a society and to its social life are called mores. TRUE 12. In the 1960s, global business activity was dominated by large Japanese multinational corporations. FALSE 13. Which of the following countries scores high on individualism and low on power distance? A. Argentina B. Panama C. United States D. Indonesia 14. The globalization of _____ refers to the sourc...
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This document was uploaded on 03/03/2014 for the course BUS 110 at Binary University College of Management and Entrepreneurship.
- Spring '12