Global Dimensions of International Business
ASSIGNMENT 1 Part1: Objective Questions. (1 Mark each)
1) Current World Population is about A) 7,390,000,000
B) 1,290,000,000
C) 73,90,00,000
D) 12,90,00,000 Ans: A) 7,390,000,000

2) A self-centered mentality by a group of people who perceive their own culture, ethics and norms as natural, rational and morally right are termed as A) Ethnocentric
B) Polycentric
C) Regiocentric
D) Geocentric Ans: A) Ethnocentric

3) Gross Domestic Product (GDP) of a country denotes A) Health of its economy
B) Productivity of the country
C) Size of the economy
D) All of the above

Ans : D) All of the above

4) Which of the following is not one of the legal traditions A) Theocratic Las
B) Judicial Law
C) Civil Law
D) Common Law Ans: A) Theocratic Las

5) Study of Global Business helps us to understand A) Political Systems
B) Social & Cultural aspects
C) Economic & Strategic advantages
D) All of the above

Ansr: D) All of the above

6) Which of the following parameters best describes how rich/poor a country is A) Per capita GNI based on exchange rates
B) Per capita GNI based on PPP
C) Per capita salary
D) Gold reserves Ans: B) Per capita GNI based on PPP 7) A political system in which people elect representatives to govern the country is known as A) Theocracy
B) Autocracy
C) Democracy
D) Communism Ans : C) Democracy

8) An economy that is characterized by the invisible hand of market forces is known as A) Mixed Economy
B) Command Economy
C) Forced Economy
D) Market Economy Ans: D) Market Economy

9) The collective programming of the mind that distinguishes the member