Question

39. With individualism and individual achievement one of the most common elements of social structure in Western societies, one unintended consequence of this philosophy is: A. that it focuses on becoming a leader more than a manager B. that it promotes the opportunity to get rich quick C. the lack of company loyalty and failure to gain company-specific knowledge. D. that it fosters working alone more than in groups


74. When a firm is considering going global, it needs to assess not only current (economic) conditions, but also whether or not those conditions are A. favourable. B. competitive. C. sustainable. D. practical

83. All of the following measures or indices give a static picture of development, except: A. the Human Development Index (HDI). B. Gross National Income (GNI). C. Economic Growth Rates (EGR) D. Purchasing Power Parity (PPP)

90. Economic stabilisation goals can be conflicting in that: A. reducing national debt levels may not induce overseas investment to the nation. B. economic prosperity may not be balanced in the nation. C. increasing deficits nearly always results in higher interest payments. D. an increase in the rate of economic growth can lead to higher rates of inflation.

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39) Solution: the lack of company loyalty and failure to gain company-specific knowledge

Explanation: In Western societies, one unintended consequence of the philosophy with individualism and individual achievement is lack of firm's loyalty and failure to gain company-specific knowledge

74) Solution: favorable

Explanation: When considering a global business a firm assess whether current (economic) conditions are favorable or not.

83) Solution: Human Development Index.

Explanation: Human Development Accounting is needed for making a comprehensive assessment of human development conditions in any system, however it does not give a single number to synthesize the state of affairs

90) Solution: an increase in the rate of economic growth can lead to higher rates of inflation

Explanation: Economic stabilisation goals can be conflicting that an increase in the rate of economic growth results to higher inflation rate.

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