MGT520 MID TERM CURRENT PAPERS (KEEP VISITING VURANK FOR MORE) PAPER 1: Total Total Total Total Questions: 27 MCQs of 1 Mark: 22 Short Subjective Question of 3 Marks: 3 Long Subjective Question of 5 Marks: 2 1) Define three basic legal system (3 marks) 2) After 1980 mostly countries shifted their economies from planed a mixed economy system to free market economy system. What were the basic reason for it? 3) What is religion and ethics system and do they effect economy? (3 marks) 4) Which political system is most appropriate for entrepreneurship? Give reason. 5) What is the free trade theory of Adam Smith. Define its characteristics PAPER 2: Total Total Total Total Questions: 27 MCQs of 1 Mark: 22 Short Subjective Question of 3 Marks: 3 Long Subjective Question of 5 Marks: 2 1. Define unspoken language and spoken language with examples (3 marks) 2. Religion system and ethic system influence on economy (3 marks) 3. Legal liabilities and right liabilities define with examples (5 marks) 4. 1 long case study in which international business concern and so many aspects relate to course was given to define in analysis term. PAPER 3: Total Total Total Total Questions: 27 MCQs of 1 Mark: 22 Short Subjective Question of 3 Marks: 3 Long Subjective Question of 5 Marks: 2 1) Mercantile theory was presented in Britain in 16th century define. 3 marks 2) Define three types of legal system 3 marks 3) How many laws with reference to international business are practicing in the world name them and also name the countries which follow them. 3 marks 4) Define how “late movers” obtain advantages or disadvantages. Explain with a SCENARIO. 5 marks 5) Working in a culture where cultural differences are high or lower than the home country. Define how managers tackle this issue using different tactics with terminologies or factors. 5 marks PAPER 4: Total Total Total Total 1) 2) 3) 4) Questions: 27 MCQs of 1 Mark: 22 Short Subjective Question of 3 Marks: 3 Long Subjective Question of 5 Marks: 2 China become economy power in coming year explain? How to manage political risk factor in different culture and business? Taoka and Beeman suggested these means of adaptation? Define caste system, class system and social mobility?