Archives

Chapter One Market and Nonmarket Environments True/False Questions: 1) All companies are successful both in their markets and in the social, political and legal environment in which they operate. (ANSWER: F, p.1) 2) Nike, Microsoft, and Citigroup have encountered problems […]

1 Chapter Ten: Regulation: Law, Economics, and Politics True/False Questions: 1) Regulation is government intervention in economic activity using commands, controls, and incentives. 2) In contrast to antitrust, regulation is not implemented through judicial institutions but instead by independent commissions […]

1 Chapter 11: Environmental Management and Sustainability True/False Questions: 1) The Environmental Protection Agency (EPA) has estimated that compliance with existing environmental regulation would cost each person in the United States nearly $250 annually. 2) The EPA estimated that in […]

1 (ANSWER: F, p. 376) Chapter Twelve: Law and Markets True/False Questions: 1) Government is the cornerstone of a free enterprise system. (ANSWER: F, p. 374) 2) A good factor concerning a market is that there are no uncertainties or […]

1 (ANSWER: F, p. 418) Chapter Thirteen: Information Industries and Nonmarket Issues True/False Questions: 1) Information industries have been a major source of growth in the past two decades. (ANSWER: T, p. 413) 2) The Internet is a network and […]

1 (ANSWER: F, p.453) Chapter Fourteen: The Political Economy of Japan True/False Questions: 1) Japan is a relatively heterogeneous country, which makes it harder to structure political and social behavior. (ANSWER: F, p.451) 2) Japanese society’s homogeneity and tradition combine […]

1 Chapter Fifteen: The Political Economy of the European Union True/False Questions: 1) The European Union (EU) has enacted legislation to establish a single market with about 100 billion consumers. 2) The European Union legislation allows for a free movement […]

1 Chapter Sixteen: China: History, Culture and Political Economy True/False Questions: 1) The population of China is 750,000 and stable. 2) China joined the World Trade Organization in 2001. (ANSWER: T, p. 517) 3) China’s real growth in GDP has […]

1 Chapter Seventeen: Emerging Markets True/False Questions: 1) More than half of the world’s population lives in emerging market countries.. 2) Ninety percent of the world’s population growth will be in emerging market countries over the next thirty years. (ANSWER: […]

1 Chapter Eighteen: The Political Economy of International Trade Policy True/False Questions: 1) The Smith-Hatch Act of 1930 contributed to the depth and duration of the great depression by increasing tariffs dramatically. 2) Trade policy consists of agreements among countries, […]

1 Chapter Nineteen: Corporate Social Responsibility True/False Questions: 1) Successful performance for firms requires only respect for the laws of the country and effective responses to the needs of the customers. (ANSWER: F, p.619) 2) The stance a company takes […]

1 Chapter Two: Integrated Strategy True/False Questions: 1) A business strategy serves as a firm’s navigational guide in its market and nonmarket environments. 2) A market strategy is a concerned pattern of actions taken in the nonmarket environment to create […]

1 Chapter Twenty: Ethics Systems: Utilitarianism True/False Questions: 1) The content of corporate social responsibility is provided by ethics.. 2) A single ethics framework encompasses all the moral intuitions of people. (ANSWER: F, p.653) 3) Unilateralism is one of the […]

1 Chapter Twenty One: Ethics Systems: Rights and Justice True/False Questions: 1) Consequentialist ethics systems focus on the good and evaluate the good in terms of individuals’ preferences for consequences. (ANSWER: T, p. 681) 2) Basic liberties such as freedom […]

1 Chapter Twenty-Two: Implementing Ethics Systems True/False Questions: 1) Corporate statements of social responsibility and codes of ethics are rare. 2) The positive application of ethics includes the formulation of policies to be used in the screening stage. (ANSWER: F, […]

1 Chapter Twenty-Three: Ethics Issues in International Business True/False Questions: 1) In an age of globalization, it is lucky that all ethical systems are compatible. 2) The World Bank (2004) reported that from 1980 to 2003, per capita real gross […]

1 (ANSWER: T, p.70) Chapter Three: The News Media and Nonmarket Issues True/False Questions: 1) The news media plays an important role in the identification of nonmarket issues. (ANSWER: T, p.66) 2) Although the news media plays an important role […]

1 Chapter Four: Private Politics True/False Questions: 1) Public nonmarket action can arise from self-interest as well as broader concerns. (ANSWER: F, p.90) 2) Many nonmarket issues are addressed largely in the shadow of public institution. (ANSWER: T, p.90) 3) […]

1 Chapter Five: Crisis Management True/False Questions: 1) Crises happen even to firms that take measures to avoid them. (ANSWER: T, p.120) 2) All crises involving businesses have a degree of human involvement. (ANSWER: F, p. 120) 3) Only firms […]

1 Chapter Six: Nonmarket Analysis for Business True/False Questions: 1) Nonmarket actions taken by pluralistic interests in the context of government institutions determine the outcomes of nonmarket issues involving private politics. 2) Nonmarket action is transformed into outcomes through government […]

1 Chapter 7: Nonmarket Strategies for Government Arenas True/False Questions: 1) The rules of the game for many firms and industries are established by legislation. (ANSWER: T, p.185) 2) Strategy formulation in the nonmarket environment is similar to its counterpart […]

1 (ANSWER: T, p.224) Chapter Eight: Implementing Nonmarket Strategies in Government Arenas True/False Questions: 1) Strategy formation and implementation are necessarily intertwined. (ANSWER: T, p.220) 2) Most companies prefer high-profile nonmarket strategies. (ANSWER: F, p.220) 3) Lobbying is a marginal […]

1 Chapter Nine: Antitrust: Economics, Law, and Politics True and False Questions: 1) Antitrust policy is a recent development that goes back to the 1970’s. 2) The Interstate Commerce Act of 1887 provides the states the ability to regulate the […]