BUSI 303 Quiz 1 | complete solutions correct answers 2025/2026 More than 6 different versions (Updated).

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Liberty University BUSI 303 quiz 1 complete solutions correct answers A+ Quiz Bank -2025 More than 6 different versions Updated {Press Ctrl F and type your questions (just a few words). And then ... press Enter to find questions and answers easy} Question 1 Communication between two cultures can be awkward if professionals do not conduct proper research. Question 2 People in a particularism culture see the ideal culture in terms of human friendship, extraordinary achievement and situations, and intimate relationships. Question 3 Globalization has impacted the aspects of the international community Question 4 Internalistic cultures have a mechanistic view of nature; nature is a complex machine, and machines can be controlled if one has the right expertise; people do not believe in luck or predestination. Question 5 In high-context cultures, enforceable contracts will tend to be in writing, precisely worded, and highly legalistic. High-context cultures value directness. Managers are expected to be explicit and precise in conveying intended meaning. Question 6 Which of the following is a dimension in Fons Trompenaar's Model of Culture? Question 7 KSA stands for ____, ______, and _______. Question 8 The antibribery provisions of the OECD make it unlawful for a U.S. person, and certain foreign issuers of securities, to make a corrupt payment to a foreign official for the purpose of securing business with or directing business to any person. Question 9 All of the following occurred during the Information Age except Question 10 Advocates for globalization believe that globalization promotes Question 11 In a(n) ____________ culture, people place the individual before the community; individual happiness, fulfillment, and welfare set the pace. Question 12 Effective, cross-cultural communicators must know how to properly pronounce words, how to properly spell words, and how to use these words in proper grammatical form. Question 13 People in a ____________culture share the belief that general rules, codes, values, and standards take precedence over particular needs and claims of friends and relations. Question 14 The global business manager must resist any urge to instinctively trust line managers and instead apply his or her discipline and critical thinking capacity to formulate decisions that are most conducive to the international operating environment. Question 15 Congress enacted the Foreign Corrupt Practices Act (FCPA) to bring a halt to the bribery of foreign officials and to restore public confidence in the integrity of the U.S. business system. Question 16 Business Ethics is the study of ethical dilemmas, values, and decision making in the world of business. Business ethics should not be considered a separate disciple from ethics. Question 17 Which of the following is a type of political risk for global managers? Question 18 Which of the following is a barrier to trade? Question 19 The World Trade Organization (WTO) was established in the early 1970s to help foster international trade and resolve disputes. Question 20 Three branches of Judaism include 48 out of 48 points Match the questions to the best possible answer. o Selected Match K. The growing integration of economies/societies worldwide O. Includes the risk of debt consolidation A. Help foster international trade and resolve disputes B. Reductions in barriers to trade F. Tempering effects of local conditions on global pressures M. Failed internal process/people = risk of monetary losses C. Set of shared attitudes, values goals, and practices; characterize a society or an organization: business sense H. Beliefs about what is right and wrong Q. Manifestation of values, beliefs, feelings, and state of mind G. All domestic businesses within an international market P. Government actions inhibit control of foreign operations R. One’s own culture is superior to all others; standard by which all other cultures should be measured. I. Develop an integrated system with a worldwide approach E. Promotes openness towards other cultures, opinions, and ways of life D. Ethics: general sense The global business manager must possess a strong domestic awareness and must understand the unique factors that contribute to the success of a global business, including vast working experience International exchange is a recent concept?. The geocentric organization’s primary objective is to develop an integrated system with a (n) . People in a culture share the belief that general rules, codes, values, and standards take precedence over particular needs and claims of friends and relations. Regardless of the managerial­cultural paradigm in use, the business professional recognizes that an understanding of the major dimensions of culture is essential for success in doing business overseas. Which of the following is a type of political risk for global managers? Which of the following is true regarding the use of words across languages? NAFTA facilitated the importation and exportation of goods and services between the United States, Mexico, and Canada. Trompenaar believed that every culture distinguishes itself from others by the specific solutions it chooses to certain problems and dilemmas Advocates for globalization believe that globalization promotes Blank, as the opposite of , promotes openness towards other cultures, opinions, and ways of life Which of the following is a barrier to trade? Culture is the set of shared attitudes, values, , and practices that characterize a society As globalization becomes more embedded in daily life, tolerance must continue to increase in order to avoid unnecessary polarization—again reinforcing the notion that globalization is not assimilation. Barriers to trade include all of the following except: The World Trade Organization (WTO) was established in the early 1970s to help foster international trade and resolve disputes. KSA stands for , , and . (blank) culture: time moves around in cycles; people tend to do se a time; time is flexible and intangible Which of the following is NOT true about globalization? A form of verbal language includes Which of the following is NOT a driving force of Globalization? Increased restriction on foreign investments Congress enacted the Foreign Corrupt Practices Act (FCPA) to bring a halt to the bribery of foreign officials and to restore public confidence in the integrity of the U.S. business system People in a particularism culture see the ideal culture in terms of human friendship, extraordinary achievement and situations, and intimate relationships Which of the following is a characteristic of a high-context culture? An ascribed status is one that society assigns to an individual on the basis of factors over which the individual has no control: gender, race, ethnic background, and socioeconomic status, into which one is born. Which of the following is a dimension in Fons Trompenaar's Model of Culture? Business Ethics is the study of ethical dilemmas, values, and decision making in the world of business. Business ethics should not be considered a separate disciple from ethics Pax Americana, Latin for “American peace,” is the period of relative peace in the Western world since the end of World War II in 1945, coinciding with the dominant military and economic position of the U.S. All of the following are part of the 5 Pillars of Faith in the Muslim religion except Foreign direct investment is an attractive option for firms looking to diversify their investment portfolios, creating opportunities for firms looking to enter emerging markets In a ____________culture, people start with the whole and see each element in perspective of the total; the whole is more important than the sum of its elements. Individuals have a large private sphere and a small public one. Polycentric managers believe that home-country nationals are more intelligent, reliable, and trustworthy than foreign. The Pax Romana heralded the introduction of mass production, improved transportation, technological progress, and the industrial factory system. Three branches of Judaism include Internalistic cultures have a mechanistic view of nature; nature is a complex machine, and machines can be controlled if one has the right expertise; people do not believe in luck or predestination Globalization has impacted the aspects of the international community ____________ culture: time moves around in cycles; people tend to do several things at a time; time is flexible and intangible ____________status refers to what an individual does and has accomplished Three branches of Judaism include In a(n) ____________ culture, people place the individual before the community; individual happiness, fulfillment, and welfare set the pace ISO standards specify the requirements for state-of-the-art products, services, processes, materials and systems, and for good conformity assessment, managerial and organizational practice Economic health is considered positive when a country imports considerably more than it exports Which of the following is NOT a driving force of Globalization Which of the following is NOT true about globalization Regardless of the managerial-cultural paradigm in use, the business professional recognizes that an understanding of the major dimensions of culture is essential for success in doing business overseas Barriers to trade include all of the following except The antibribery provisions of the OECD make it unlawful for a U.S. person, and certain foreign issuers of securities, to make a corrupt payment to a foreign official for the purpose of securing business with or directing business to any person In high-context cultures, enforceable contracts will tend to be in writing, precisely worded, and highly legalistic. High-context cultures value directness. Managers are expected to be explicit and precise in conveying intended meaning Foreign direct investment is an attractive option for firms looking to diversify their investment portfolios, creating opportunities for firms looking to enter emerging markets The Premise of the ____________ was that Leadership effectiveness is contextual and is embedded in the societal and organizational beliefs, norms, and values of the people being led As globalization becomes more embedded in daily life, tolerance must continue to increase in order to avoid unnecessary polarization—again reinforcing the notion that globalization is not assimilation Synchronic cultures tend to do one thing at a time view time as a narrow line of distinct, consecutive, segments The global business manager must resist any urge to instinctively trust line managers and instead apply his or her discipline and critical thinking capacity to formulate decisions that are most conducive to the international operating environment Communication between two cultures can be awkward if professionals do not conduct proper research The antibribery provisions of the OECD make it unlawful for a U.S. person, and certain foreign issuers of securities, to make a corrupt payment to a foreign official for the purpose of securing business with or directing business to any person As globalization becomes more embedded in daily life, tolerance must continue to increase in order to avoid unnecessary polarization—again reinforcing the notion that globalization is not assimilation Congress enacted the Foreign Corrupt Practices Act (FCPA) to bring a halt to the bribery of foreign officials and to restore public confidence in the integrity of the U.S. business system Foreign direct investment is an attractive option for firms looking to diversify their investment portfolios, creating opportunities for firms looking to enter emerging markets Which of the following is a dimension in Fons Trompenaar's Model of Culture Effective, cross-cultural communicators must know how to properly pronounce words, how to properly spell words, and how to use these words in proper grammatical form Internalistic cultures have a mechanistic view of nature; nature is a complex machine, and machines can be controlled if one has the right expertise; people do not believe in luck or predestination In high-context cultures, enforceable contracts will tend to be in writing, precisely worded, and highly legalistic. High-context cultures value directness. Managers are expected to be explicit and precise in conveying intended meaning Trompenaar believed that every culture distinguishes itself from others by the specific solutions it chooses to certain problems and dilemmas Synchronic cultures tend to do one thing at a time view time as a narrow line of distinct, consecutive, segments An ascribed status is one that society assigns to an individual on the basis of factors over which the individual has no control: gender, race, ethnic background, and socioeconomic status, into which one is born The World Trade Organization (WTO) was established in the early 1970s to help foster international trade and resolve disputes Polycentric managers believe that home-country nationals are more intelligent, reliable, and trustworthy than foreign The Industrial Revolution heralded the introduction of which of the following Conducted extensive research on different countries, and from that, developed his “Seven Dimensions of Cultural Model.” Which aspect of globalization is incorrect NAFTA was a major contributor to continental trade growth between the United States, Mexico, and Canada because it eased quotas, tariffs, and customs procedures When the topic of culture is discussed 3 major culture paradigms should be considered: Ethnocentric, Polycentric, and Multicentric Which best describes communication within high context societies Communication in a high context society is often characterized by strong boundaries—who is accepted as belonging vs. who is considered an “outsider.” Global and domestic business are different in what distinct ways Globalization has impacted the Forces driving the trend towards globalization include all except I completed the following portion of the work book and read the required chapter Foreign Direct Investment is an attractive option for firms looking to diversify their investment portfolios, creating opportunities for firms looking to enter emerging markets. As globalization becomes more embedded in daily life, tolerance must continue to increase in order to avoid unnecessary polarization - again reinforcing the notion that globalization is not assimilation. The global business manager must possess a strong domestic awareness and must understand the unique factors that contribute to the success of a global business, including vast working experience. Advocates for globalization believe that globalization promotes: The global business manager must resist any urge to instinctively trust line managers and instead apply his or her discipline and critical thinking capacity to formulate decisions that are most conducive to the international operating environment. Began towards the end of the nineteenth century, creates interdependencies among nations, requires transparency International exchange is a recent concept. United States' imports primarily came from which country: Standardization requires that business people understand the seamless international marketplace The Pax Romana heralded the introduction of mass production, improved transportation, technological progress, and the industrial factory system Heralded mass production and technological progress, improved transportation NAFTA facilitated the importation and exportation of goods and services between the US, Mexico, and Canada Three barriers to trade: Radio and telephone networks were widespread in developed nations, the launch of the Sputnik 1 satellite, the personal desktop computer became a commonplace household fixture Economic health is considered positive when a country imports considerably more than it exports. Three driving forces of globalization: Pax Americana, Latin for "American peace," is the period of relative peace in the Western world since the end of World War II in 1945, coinciding with the dominant military and economic position of the U.S. Given the choices Mergers/Acquisitions, Subsidies, and Sanctions - which of the following is a barrier to trade? Globalization has created what critics refer to as a melting pot or peaceful cooperation of various cultural identities ISO standards specify the requirements for state-of-the-art products, services, processes, materials and systems, and for good conformity assessment, managerial and organizational practice. ISO stands for Globalization has impacted these aspects of the international community: What is a type of political risk for global managers? The World Trade Organization (WTO) was established in the early 1970s to help foster international trade and resolve disputes KSA stands for Regardless of the managerial-cultural paradigm in use, the business professional recognizes that an understanding of the major dimensions of culture is essential for success in doing business overseas. Between what years did Fons Trompenaar apply the subset of cultural dimensions to the field of business management, segregating them into independent areas to be further divided in order to get a more precise understanding Trompenaar believed that every culture distinguishes itself from others by the specific solutions it chooses to certain problems and dilemmas The premise of [what] was that Leadership effectiveness is contextual and is embedded in the societal and organizational beliefs, norms, and values of the people being led. A set of shared attitudes, values, goals, practices that characterize a society The three cultural paradigms are: Effective, cross-cultural communicators must know how to properly pronounce words, how to properly spell words, and how to use these words in proper grammatical form What paradigm promotes openness towards other cultures, opinions, and ways of life? Polycentricism is the opposite of what other paradigm? Managers of this paradigm think home-country nationals are more intelligent, reliable, and trustworthy than foreign. The geocentric organization's primary objective is to develop an integrated system with a [what] approach? Different cultures and languages may not always present or interpret messages in the same context. The study of ethical dilemmas, values, and decision-making in the world of business; should not be considered a separate disciple from ethics The idea that knowledge is situational and relational is characteristic of a [high/low?] context culture Congress enacted [what] to bring a halt to the bribery of foreign officials and to restore public confidence in the integrity of the U.S. business system The anti-bribery provisions of the [what] make it unlawful for a U.S. person, and certain foreign issuers of securities, to make a corrupt payment to a foreign official for the purpose of securing business with or directing business to any person Three branches of Judaism 5 pillars of faith in the Muslim religion A status that society assigns to an individual on the basis of factors over which the individual has no control: gender, race, ethnic background, and socioeconomic status, into which one was born In [high/low?] context cultures, enforceable contracts will tend to be in writing, precisely worded, and highly legalistic. They value directness. Managers are expected to be explicit and precise in conveying intended meaning. Sees the ideal culture in terms of human friendship, extraordinary achievement and situations, and intimate relationships people place the individual before the community; individual happiness, fulfillment, and welfare set the pace Share the belief that general rules, codes, values, and standards take precedence over particular needs and claims of friends and relations Time moves around in cycles; people tend to do several things at a time; time is flexible and intangible Status that refers to what an individual does and has accomplished Culture that tends to do one thing at a time and view time as a narrow line of distinct, consecutive, segments Culture where people start with the whole and see each element in perspective of the total; the whole is more important than the sum of its elements. Individuals have a large private sphere and a small public one. Cultures that have a mechanistic view of nature; nature is a complex machine, and machines can be controlled if one has the right expertise; people do not believe in luck or predestination Foreign Direct Investment is an attractive option for firms looking to diversify their investment portfolios, creating opportunities for firms looking to enter emerging markets. As globalization becomes more embedded in daily life, tolerance must continue to increase in order to avoid unnecessary polarization - again reinforcing the notion that globalization is not assimilation. The global business manager must possess a strong domestic awareness and must understand the unique factors that contribute to the success of a global business, including vast working experience. The global business manager must resist any urge to instinctively trust line managers and instead apply his or her discipline and critical thinking capacity to formulate decisions that are most conducive to the international operating environment. International exchange is a recent concept. Standardization requires that business people understand the seamless international marketplace The Pax Romana heralded the introduction of mass production, improved transportation, technological progress, and the industrial factory system NAFTA facilitated the importation and exportation of goods and services between the US, Mexico, and Canada Economic health is considered positive when a country imports considerably more than it exports. Pax Americana, Latin for "American peace," is the period of relative peace in the Western world since the end of World War II in 1945, coinciding with the dominant military and economic position of the U.S. Globalization has created what critics refer to as a melting pot or peaceful cooperation of various cultural identities ISO standards specify the requirements for state-of-the-art products, services, processes, materials and systems, and for good conformity assessment, managerial and organizational practice. The World Trade Organization (WTO) was established in the early 1970s to help foster international trade and resolve disputes Regardless of the managerial-cultural paradigm in use, the business professional recognizes that an understanding of the major dimensions of culture is essential for success in doing business overseas. from 1967-1973, Fons Trompenaar applied the subset of cultural dimensions to the field of business management Trompenaar believed that every culture distinguishes itself from others by the specific solutions it chooses to certain problems and dilemmas effective, cross-cultural communicators must know how to properly pronounce words, how to properly spell words, and how to use these words in a proper grammatical form Polycentric managers think home-country nationals are more intelligent, reliable and trustworthy than foreign Business ethics is the study of ethical dilemmas, values, and decision making in the world of business. business ethics should not be considered a separate disciple from ethics Congress enacted the Foreign Corrupt Practices Act to bring a halt to the bribery of foreign officials The anti-bribery provisions of the OECD make it unlawful for a US person, and certain foreign issuers of securities, to make corrupt payment to a foreign official for the purpose of securing business with or directing business to any person An ascribed status is one assigns to an individual on the basis of factors over which the individual has no control: gender, race, ethnic background, and socioeconomic status, into which one is born in high-context cultures, enforceable contracts will tend to be in writing, precisely worded, and highly legalistic. communication between two cultures can be awkward if professionals do not conduct proper research People in a particularism culture see the ideal culture in terms of human friendship, extraordinary achievement and situations, and intimate relationships Synchronic culture tend to do one thing at a time view time as a narrow line of distinct, consecutive, segments Internalistic cultures have a mechanistic view of nature; nature is a complex machine, and machines can be controlled if one has the right expertise; people do not believe in luck or predestination Nations that primarily functioned under the centrally planned economic system prior to the 1980s, such as China and Russia, have embraced the market economy. Global business risk is any worldwide factor—outside the laws of supply and demand—that could impact the success or failure of any venture moving into the international arena. Operation risk occurs when debtors in a country are unable to ensure timely payments of foreign currency debt service because of either transfer or exchange restrictions or a general lack of foreign currency The Organization for Economic Cooperation and Development (OECD), the World Trade Organization, the World Bank, and the International Monetary Fund have all indicated that unstable political systems are the greatest single barrier to economic development worldwide. Any company considering moving into a foreign economic market must consider the powerful influence of the military and religious leadership. Cultures such as China, North Korea, and Cuba believe that an economic value system should be founded on cumulative efforts, controlled by greater entities or governments. A market economy most often refers to an economic system that is under comprehensive control and regulation by a government, in accordance with the plan of economic development. The three types of global business risk include ownership risk, operational risk, and transfer risk. In 1975, as business and policy makers' alike saw the potential growth of global business, the World Trade Organization (WTO) was created by several countries in order to monitor trade around the entire world. The U.S. Department of Commerce developed the International Trade Administration (ITA) in order to stimulate economic opportunities for U.S. businesses and their employees. The United States Department of the Treasury oversees and enforces all U.S. economic sanctions through the Office of Foreign Assets Control (OFAC). Though the World Trade Organization (WTO) has officially existed since 1975, the foundation for the rules in this trading system originates in the GATT. As organizations become more involved in the global community, they may opt to purchase land or other resources in other nations. This activity, known as foreign direct investment (FDI), is commonly used to purchase real estate and existing properties The General Agreement on Tariffs and Trade (GATT) was signed on January 1, 1948 Keeping track of the activity surrounding international trade and investment is done by maintaining a record of all international transactions, otherwise known as the balance of payments (BOP). The equation represents the relationship between trade deficits and surpluses is expressed as: Exports - Investments = Savings - Imports Government interventions may be used to decrease global competitiveness The WTO encourages nations to practice the Golden Rule on a national level, pointing out that foreigners and foreign industries should be treated just like the locals and domestic industries Socialism is the economic policy of restraining trade between nations Equity capital is the value of the MNC's investment in shares of an enterprise in a foreign country. Ownership in foreign entities can be a complete or a controlling stake in the form of either a joint venture or through stock purchases and acquisitions of existing corporations. responsible for different types of management activities link ocean, rail, automotive, air transportation to allow real-time movement one nation trades with a firm located in another nation provides a venue for guidelines in a free trade market failed internal process/people=risk of monetary losses formal recognition of legal limitations on a king's power the prohibition of commerce/trade with a certain nation gov't actions inhibit control of foreign operations different products similar to current lines growing integration of economies/societies worldwide reductions in barriers to trade tempering effects of local conditions on global pressures includes the risk of debt consolidation immigrants isolated from their home country different products not similar to current lines removes boundaries of local market territory to increase potential market audience help foster international trade and resolve disputes american peace expands competitive scope within same industry conveys the ideal global business manager's qualification More than 6 different versions Updated Press Ctrl F and type your questions (just a few words). 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