Question 1

A major distinction between a conventional bank and an Islamic bank is that:

Accepted Answer

A)   Islamic banks are allowed to charge higher interest rates on loans.
B)   Islamic banks cannot accept private deposits.
C)   Islamic banks cannot pay or charge interest.
D)   Islamic banks are not subject to any form of law.
E)   Islamic banks are supposed to refrain from making a profit through any source.F) A) and E)
G) B) and C)

Question 2

What are the two different banking methods that Islamic banks have experimented with in order to avoid the payment or receipt of interest?

Accepted Answer

Because Islamic banks cannot pay or char...

Question 3

Which of the following statements is true about the business implications of the Japanese society?

Accepted Answer

A)   In Japan, the social status of an individual is determined independent of the standing of the group to which he or she belongs.
B)   It is difficult to find self-managing work teams within Japanese organizations.
C)   Japan is more successful at pioneering radically new products and new ways of doing business than the United States.
D)   There is a low degree of movement from company to company among managers and workers in Japan.
E)   In Japan, the managers and workers lack company-specific knowledge, experience, and a network of interpersonal business contacts.F) A) and D)
G) All of the above

Question 4

China Innovation Inc.is a devout follower of Confucian ethics.Hence,it hires people who live by similar principles.Which of the following is most likely to be a characteristic of this company?

Accepted Answer

A)   The conflict between management and labor will be high in China Innovation Inc.
B)   The company's management will expect blind loyalty from the worker's.
C)   China Innovation Inc. will often indulge in violations of business agreements.
D)   The cost of doing business will be low for those companies that enter into a business with China Innovation Inc.
E)   China Innovation Inc. will not have any relationship networks that are supported by reciprocal obligations.F) All of the above
G) B) and C)

Question 5

_____ refers to a condition where people tend to perceive themselves in terms of their class background,and this shapes their relationships with members of other classes.

Accepted Answer

A)   Social mobility
B)   Class consciousness
C)   Cross-culture literacy
D)   Social awareness
E)   Class representativenessF) D) and E)
G) B) and D)

Question 6

Values provide the context within which a society's norms are established and justified.

Accepted Answer

A) True 
 B)False

Question 7

"Mudarabah" and the "murabaha" are:

Accepted Answer

A)   Islamic banking methods.
B)   Arabic words for interest and profit, respectively.
C)   banking practices that are prohibited by Islam.
D)   laws governing international trade and commerce in Islamic countries.
E)   laws limiting the right to private property.F) B) and D)
G) A) and D)

Question 8

_____ are defined as hierarchical social categories,often based on family background,occupation,and income.

Accepted Answer

A)   Social modes
B)   Social empires
C)   Social strata
D)   Social councils
E)   Social clustersF) A) and B)
G) A) and C)

Question 9

What are the three values that are central to the Confucian system of ethics?

Accepted Answer

The three values that are central to the...

Question 10

When Shop Smart opened its first super market in China it was unable to generate any sales.After conducting a research,it was understood that the local sales personnel found it difficult to communicate with the American store managers.In addition,Chinese consumers found it difficult to shop in the American way.Shop Smart's failure in China can be attributed to the lack of:

Accepted Answer

A)   cross-cultural literacy.
B)   class consciousness.
C)   a first-mover advantage.
D)   Confucian dynamism.
E)   ethnocentrism.F) A) and C)
G) All of the above

Question 11

Which of the following does Islam prohibit?

Accepted Answer

A)   Right to private property
B)   Free enterprise and earning profit through trade and commerce
C)   Charitable acts toward the disadvantaged
D)   Earning profits by breaking contractual obligations
E)   Market-based economic systemsF) B) and E)
G) None of the above

Question 12

Which of the following is an implication of high degree of managerial mobility in societies that emphasize individualism?

Accepted Answer

A)   Reduced costs of doing business
B)   Increased managerial loyalty and commitment to an individual company
C)   Lack of company-specific experience, knowledge, and a network of contacts among managers
D)   Lack of exposure among employees to different ways of doing business
E)   Inability to apply good practices and techniques developed in one firm to other firmsF) A) and E)
G) B) and E)

Question 13

Which of the following is the most dominant religion in the world in terms of numbers of adherents?

Accepted Answer

A)   Judaism
B)   Christianity
C)   Islam
D)   Buddhism
E)   ConfucianismF) A) and D)
G) C) and D)

Question 14

Hofstede's _____ dimension focused on how a society deals with the fact that people are unequal in physical and intellectual capabilities.

Accepted Answer

A)   individualism versus collectivism
B)   power distance
C)   uncertainty avoidance
D)   masculinity versus femininity
E)   Confucian dynamismF) A) and B)
G) None of the above

Question 15

One of the downsides to the emphasis on individualism is that it:

Accepted Answer

A)   is difficult to build teams within an organization to perform collective tasks.
B)   does not support entrepreneurship and innovation.
C)   discourages managerial mobility.
D)   fails to foster general managerial skills required to find solutions to current problems.
E)   discourages competition among employees within a company.F) All of the above
G) C) and D)

Question 16

According to Hofstede,in societies where _____ was emphasized,the ties between individuals were tight.

Accepted Answer

A)   individualism
B)   collectivism
C)   femininity
D)   low uncertainty avoidance
E)   low power distanceF) D) and E)
G) A) and E)

Question 17

What is class-consciousness? What is its impact on businesses?

Accepted Answer

Class consciousness refers to a conditio...

Question 18

According to Geert Hofstede,high power distance cultures were found in societies that tried to play down inequalities of power and wealth as much as possible.

Accepted Answer

A) True 
 B)False

Question 19

Maya is a follower of a religion which emphasizes that individuals should be judged solely by their spiritual achievements.The caste Maya belongs to is of the highest order in her religion,and hence is highly respected.She also firmly believes that she was born into the high caste as a result of her spiritual development in her previous life.Maya follows:

Accepted Answer

A)   Hinduism.
B)   Buddhism.
C)   Confucianism.
D)   Islam.
E)   Christianity.F) B) and D)
G) C) and D)

Question 20

Sami follows a religion founded by an Indian prince-Siddhartha Gautama.Unlike the other Indian religions his religion does not propagate the caste system.Also,his religion emphasizes right seeing,thinking,speech,action,living,effort,mindfulness,and meditation as a route for spiritual transformation.According to this information,Sami can be considered as a:

Accepted Answer

A)   Hindu.
B)   Buddhist.
C)   Confucian.
D)   Sikh.
E)   Muslim.F) B) and E)
G) D) and E)

Exam 4: National Differences in Culture

Correct Answer
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Which of the following statements is true about the business implications of the Japanese society?

Correct Answer
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What are the three values that are central to the Confucian system of ethics?

Correct Answer
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The three values that are central to the...
View Answer

Which of the following does Islam prohibit?

Correct Answer
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"Mudarabah" and the "murabaha" are:

Correct Answer
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China Innovation Inc.is a devout follower of Confucian ethics.Hence,it hires people who live by similar principles.Which of the following is most likely to be a characteristic of this company?

Correct Answer
verified

What is class-consciousness? What is its impact on businesses?

Correct Answer
verified
Class consciousness refers to a conditio...
View Answer

Hofstede's _____ dimension focused on how a society deals with the fact that people are unequal in physical and intellectual capabilities.

Correct Answer
verified

What are the two different banking methods that Islamic banks have experimented with in order to avoid the payment or receipt of interest?

Correct Answer
verified
Because Islamic banks cannot pay or char...
View Answer

Correct Answer
verified

According to Geert Hofstede,high power distance cultures were found in societies that tried to play down inequalities of power and wealth as much as possible.

Correct Answer
verified

One of the downsides to the emphasis on individualism is that it:

Correct Answer
verified

A major distinction between a conventional bank and an Islamic bank is that:

Correct Answer
verified

Which of the following is the most dominant religion in the world in terms of numbers of adherents?

Correct Answer
verified

_____ refers to a condition where people tend to perceive themselves in terms of their class background,and this shapes their relationships with members of other classes.

Correct Answer
verified

Values provide the context within which a society's norms are established and justified.

Correct Answer
verified

_____ are defined as hierarchical social categories,often based on family background,occupation,and income.

Correct Answer
verified

According to Hofstede,in societies where _____ was emphasized,the ties between individuals were tight.

Correct Answer
verified

Which of the following is an implication of high degree of managerial mobility in societies that emphasize individualism?

Correct Answer
verified

Correct Answer
verified

Exam 4: National Differences in Culture

Correct AnswerverifiedShow Answer

Which of the following statements is true about the business implications of the Japanese society?

Correct AnswerverifiedShow Answer

What are the three values that are central to the Confucian system of ethics?

Correct AnswerverifiedThe three values that are central to the...View AnswerShow Answer

Which of the following does Islam prohibit?

Correct AnswerverifiedShow Answer

"Mudarabah" and the "murabaha" are:

Correct AnswerverifiedShow Answer

China Innovation Inc.is a devout follower of Confucian ethics.Hence,it hires people who live by similar principles.Which of the following is most likely to be a characteristic of this company?

Correct AnswerverifiedShow Answer

What is class-consciousness? What is its impact on businesses?

Correct AnswerverifiedClass consciousness refers to a conditio...View AnswerShow Answer

Hofstede's _____ dimension focused on how a society deals with the fact that people are unequal in physical and intellectual capabilities.

Correct AnswerverifiedShow Answer

What are the two different banking methods that Islamic banks have experimented with in order to avoid the payment or receipt of interest?

Correct AnswerverifiedBecause Islamic banks cannot pay or char...View AnswerShow Answer

Correct AnswerverifiedShow Answer

According to Geert Hofstede,high power distance cultures were found in societies that tried to play down inequalities of power and wealth as much as possible.

Correct AnswerverifiedShow Answer

One of the downsides to the emphasis on individualism is that it:

Correct AnswerverifiedShow Answer

A major distinction between a conventional bank and an Islamic bank is that:

Correct AnswerverifiedShow Answer

Which of the following is the most dominant religion in the world in terms of numbers of adherents?

Correct AnswerverifiedShow Answer

_____ refers to a condition where people tend to perceive themselves in terms of their class background,and this shapes their relationships with members of other classes.

Correct AnswerverifiedShow Answer

Values provide the context within which a society's norms are established and justified.

Correct AnswerverifiedShow Answer

_____ are defined as hierarchical social categories,often based on family background,occupation,and income.

Correct AnswerverifiedShow Answer

According to Hofstede,in societies where _____ was emphasized,the ties between individuals were tight.

Correct AnswerverifiedShow Answer

Which of the following is an implication of high degree of managerial mobility in societies that emphasize individualism?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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The three values that are central to the...
View Answer

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Correct Answer
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Correct Answer
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Correct Answer
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Class consciousness refers to a conditio...
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Correct Answer
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Because Islamic banks cannot pay or char...
View Answer

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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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