In: Economics
QUESTION 1 Organizations tend to be flatter in which kind of country:
One with low power distance
One with low uncertainty avoidance
One that is collectivist
One with a short-term orientation
QUESTION 2 Which of the following was not part of McDonald’s original strategy?
Standardized menus
High prices
Consistent quality
Quick service
QUESTION 3 Cynthia continues to wear her traditional dress despite pressure to conform to the fashion style in her new school. Cynthia is demonstrating:
Cultural divergence
Cultural convergence
Cultural relativism
Cultural learning
QUESTION 4 Which of the following business functions is subject to a system based on Islamic law for application in Islamic contexts?
Banking and finance
Operations
Marketing
Research & development
QUESTION 5 Based on the case, which of the following is not a criticism of Mcdonalds’ employment practices:
Low pay
Poor working conditions
Retaliation
Lack of health insurance
QUESTION 6 Which of the following statements is true:
Banks in Muslim countries operate the same as
Banks anywhere in the world
Companies doing business in Muslim countries must comply only with religious law
Banks in Muslim countries cannot charge interest
Companies in Muslim countries cannot employ women
QUESTION 7 Which statement is true about the caste system in India:
The caste system no longer exists in India
The caste system is an economic and social aspect of Hinduism
The caste system allows for social and economic mobility between castes
The caste system does not lead to discrimination
QUESTION 8 McDonald’s was a major investor in which fast-casual restaurant?
Applebees Chipotle
TGI Friday
Boston Market
QUESTION 9 When doing business in Trevonia, it’s important to build relationships beyond the workplace. According to Trompenaars’ theory of relationships Trevonia is most likely:
A neutral country
A collectivist country
A Universalist country
A diffuse country
QUESTION 10 Assimilation of immigrants is most closely related to:
Cultural divergence
High-context cultures
Low-context cultures
Cultural convergence
1) :- A is right option,One with low power distance
Organization is defined as a deliberate arrangement of people assembled to accomplish some specific purpose (that individuals independently could not accomplish alone
2) :- B is right option
Moderate price, is not part of McDonald's original strategy
Strategy is defined as a set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors
4) :-A is right option
Banking And finance business functions is subject to a system based on Islamic law for application in Islamic contexts
Bank is defined as a financial institution that accepts deposits and channels the money into lending activities
5):-D is right option
Based on the case, lack of health insurance is not a criticism of Mcdonalds' employment practices:
Lack of health insurance
Health Insurance is defined as a insurance pays for bills associated with illness, injury, or other medically related needs for those individuals covered under a policy
6) :- c is right option
Banks in Muslim countries cannot charge interest
7) :-Bis right option
The caste system is an economic and social aspect of Hinduism
8):- B is right option
McDonald's was a major investor in which fast-casual restaurant
Chipotle
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