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Unformatted text preview: ocated individualism. FALSE 6. 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 7. Designs and names, often officially registered, by which merchants or manufacturers designate and differentiate their products are patents. FALSE 8. Norms are abstract ideas about what a group believes to be good, right, and desirable. FALSE 9. Norms that are central to the functioning of a society and to its social life are called mores. TRUE Page 1 of 3 131017 B1 Week 2 Exam 1 ‐ KEY.docx BUS 350 – International Business – Paul McAfee Keuka College – ITEC – HCMC, Việt Nam 10. There is not a strict one‐to‐one correspondence between a society and a nation‐state. TRUE 11. All societies are stratified on a hierarchical basis into social categories or social strata. TRUE 12. The climate in some businesses does not encourage people to think through the ethical consequences of...
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- Spring '12