University of North Carolina BUS 342 11D Exam 2

University of North Carolina BUS 342 11D Exam 2 in $38 onlyUniversity of North Carolina BUS 342 11D Exam 2

University of North Carolina BUS 342- 11D Exam 2 in 2016

Exam 2_2016
Question 1
Among GCC economies, which of the following has the the lowest per capita oil and gas production?

Bahrain
Oman
Saudi Arabia
Kuwait

Question 2
Among the following countries, which one has the lowest female labor participation rate?

UAE
Bahrain
Kuwait
Saudi Arabia

Question 3
Among the following economies, which one is not an OECD member?

Romania
Slovakia
Poland
Hungary

Question 4
Commercial shariah is similar to Western business laws in most aspects.

True
False

Question 5
During 2000-2007, absolute poverty in Russia fell by more than 50%.

True
False
Question 6
GCC economies’ development can be attributted to the genuinely entrepreneurial class in these economies.

True
False

Question 7
How many economies in the GCC region have a “full-fledged” democracy?

2
3
0
1

Question 8
In 1997, black market accounted for higher share of retail activity in Tajikistan than in Ukraine.

True
False

Question 9
In GCC economies, bureaucrats are not involved in busineses.

True
False

Question 10
In Russia, there is an abundance of management and business skills.

True
False

Question 11
In Russia, unreported income accounted for 15% of wages paid in the late-1990s.

True
False

Question 12
Political entrepreneurship is compatible with the idea of capitalism .

True
False

Question 13
During the mid-2002-mid-2005, Dubai’s stock market grew faster than Qatar’s.

True
False

Question 14
In the first half of 1997, black market accounted for what proportion of retailactivity In Tajikistan?

95
60
75
50

Question 15
In the late 1990s, oil and gas accounted for ____ of government revenue in the GCC economies.

60%
80%
64%
70%

Question 16
Institutional rules in PS economies are more ambiguous than in devloped economies.

True
False

Question 17
Institutional rules in PS economies are more conflicting with one another than in devloped economies.

True
False

Question 18
Institutional rules in PS economies are more incomplete than in devloped economies.

True
False

Question 19
Islamic governments in GCC economies have restricted assistance to religious related charities.

True
False

Question 20
It can be argued that institutions in PS economies may do better in promoting entrepreneurship in unproductive forms than those in matured market economies.

True
False

Question 21
Most GCC economies have undertaken substantive institutional reforms.

True
False

Question 22
Most GCC states are facing pressures to liberalize their economies from OECD countries.

True
False

Question 23
Most citizens in GCC economies see a big gap between Islam and democy.

True
False

Question 24
Officials of which of the following countries described the “massive aid” that the country would receive as the main benefit of joining the WTO?

Iran
Jordan
UAE
Syria

Question 25
PS economies’ experience indicates that western institutions can be easily transplanted in these economies.

True
False

Question 26
Political entrepreneurship doesn’t exist in mature market economies.

True
False

Question 27
Political entrepreneurship is productive most of the times.

True
False

Question 28
SMEs account for 25% of GDP in Russia.

True
False

Question 29
Secret service agents of which of the following countries engaged in organized crimes after the late 1980s?

Bulgaria
Romania
Ukraine
Russia

Question 30
The “shadow economy” as a proportion of GDP is higher in Lithuania than in Russia.

True
False

Question 31
The combined GDP of the GCC region is about US$___________ .

300 billion
750 billion
450 billion
1 trillion

Question 32
Among the following OECD economies, starting a business takes the shortest amount of time in ___________________.

Canada
Australia
the U.S.
Mexico

Question 33
According to the Gulf Investment House, the private wealth of the GCC region was US$ _______ in 2007.

300 billion
750 billion
1.5 trillion
1 trillion

Question 34
Chile is the least corrupt country in the world.

True
False

Question 35
According to the Transparency International’s 2011 Corruption Perceptions Index, the U.S. had a higher level of corruption than Chile.

True
False

Question 36
Chile is the freest economy in the world.

True
False

Question 37
________ of new firms that were started in Hungary in 2007 died within three years.

More than 60%
Less than a quarter
More than half
Less than a fifth

Question 38
According to the Chile 2008 GEM Report, more than half of the entrepreneurs in Chile were necessity-based.

True
False

Question 39
Most of the high-impact entrepreneurs in Poland think that university level educational systems in their country do a good job in teaching entrepreneurial skills.

True
False

Question 40
In 2006, foreign nationals living in the U.S. were inventors or co-inventors in ______ of patent applications filed in the U.S.

More than 60%
Less than a fifth
More than a quarter
Less than a quarter

Question 41
There have been many instances of bid-rigging reported in ___________________.

Canada
Australia
Mexico
the U.S.

Question 42
In 2009, more than half of the municipalities in Mexico had one or more bank branches.

True
False

Question 43
Acción started operating in the U.S. market earlier than Grameen America.

True
False

Question 44
Mexico and Chile are suffering equally from the system based on patronage, cronyism and regionalism.

True
False

Question 45
In Greece, the business sector’s R&D spending is lower than that of the higher education sector.

True
False

Question 46
In 2011, which of the following economies had the highest R&D expenditure as a proportion of GDP?

The U.K.
Israel
Slovakia
Turkey

Question 47
About 8 million adult people do not use formal or semiformal financial services in OECD economies.

True
False

Question 48
Which of the following economies joined the OECD in 2010??

The U.K.
Turkey
Slovakia
Israel

Question 49
Among the following countries, which one has the least number of procedures required to start a new business?

Ukraine
Czech Republic
Russia
Romania

Question 50
According to the World Bank’s Ease of Doing Business 2013, Singapore was the global top improver in the entrepreneurial climate from June 2011 to May 2012.

True
False

Question 51
Of the world’s top ten economies that were recognized for making most improvement in the ease of doing business, what proportion were from the FSU&CEE economies?

a quarter

half
three-fourth
two-fifth

Question 52
Russia is described as an example of entrepreneurially successful FSU&CEE economy.

True
False

Question 53
The world’s largest privately-held Internet security company is in Russia.

True
False

Question 54
Among the following economies, which one has the highest costs as a proportion of GDP required to start a new business?

Bulgaria
Hungary
Poland
Romania

Question 55
Candidate countries’ readiness to join the OECD was assessed by theprogresses made in all of the following except __________.

privatization of strategic economic sectors
combating corruption
high standards of corporate governance
protecting intellectual property rights

Question 56
Russia joined the OECD in 2010.

True
False

Question 57
The principles of “Honest State” program were started in Slevenia.

True
False

Question 58
The U.S. has the world’s highest economic freedom index.

True
False

Question 59
The U.S. has North America’s highest economic freedom index.

True
False

Question 60
In 2011, Mexico had a lower Corruption Perceptions Index than Italy.

True
False

Question 61
Canada has a provision of an automatic stay on assets.

True
False

Question 62
South Korea has a provision of an automatic stay on assets.

True
False

Question 63
South Korea is a global role model for favorable corporate bankruptcy law.

True
False

Question 64
A higher proportion of people in the U.S. view businessmen favorably compared to those in Europe.

True
False

Question 65
According to the Global Entrepreneurship Week Policy Survey of 2012, majority of entrepreneurs in Hungary thought that people who successfully start new firms have at least the same level of status as a manager of a medium-sized company.

True
False

Question 66
According to the 2002 employment census in Mexico, the informal economy employed more people in the country compared the formal economy.

True
False

Question 67
VC investments as a proportion of GDP in 2009 was the world’s highest in the U.S.

True
False

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