Question 1

The rise of Islamic fundamentalism is,in part,a response to the

Accepted Answer

The rise of Islamic fundamentalism is, in part, a response to the movement in traditional Islamic societies toward modernization. As these societies have become more modern and Westernized, some individuals have felt that their traditional values and way of life are under threat. This has led to a backlash against modernization and a desire to return to a more conservative interpretation of Islam. Islamic fundamentalism also often advocates for strict adherence to traditional gender roles and the restriction of the rights of women and minorities, but these are not the primary driving factors behind its rise.

Question 2

Which of the following is a religion that prohibits the payment or receipt of interest,as it is considered to be usury?

Accepted Answer

Islam prohibits the payment or receipt of interest, also known as riba, as it is considered to be exploitative of individuals and harmful to society as a whole. Islamic finance instead utilizes profit-sharing and risk-sharing models to provide financial services to individuals and businesses.

Question 3

Dharma,karma,and nirvana are terms related to

Accepted Answer

Dharma, karma, and nirvana are all concepts central to Hinduism. Dharma refers to an individual's duties and moral obligations, karma refers to the effects of one's actions on their present and future lives, and nirvana refers to the ultimate goal of spiritual enlightenment and liberation from the cycle of rebirth.

Question 4

Tina is a follower of a religion that emphasizes that individuals should be judged solely by their spiritual achievements.The caste she belongs to is of the highest order in her religion,and hence is highly respected.She also firmly believes that she was born into the high caste as a result of her spiritual development in her previous life.Tina is a follower of

Accepted Answer

Hinduism is a religion that strongly emphasizes the idea of reincarnation and karma. It teaches that the caste system is determined by one's past actions, and that individuals' spiritual achievements in previous lives determines their current caste. Therefore, Tina's belief that she was born into a high caste as a result of her spiritual development in her previous life is consistent with Hinduism. The other options do not typically emphasize the concept of caste or reincarnation in the same way as Hinduism.

Question 5

Which of the following statements is true about Hinduism?

Accepted Answer

Hinduism has historically supported the caste system, which is a social stratification system in India.

Question 6

Which of the following is true about the Islamic banking method the mudarabah?

Accepted Answer

A mudarabah contract is a profit-sharing scheme, where one party (the provider of funds) provides the capital while the other party (the entrepreneur) provides the expertise and management. The profits are then shared according to a pre-agreed ratio, while the losses are borne solely by the provider of funds. Therefore, choice A is the correct option. The other options are incorrect because Islamic banking prohibits charging interest on loans (choice B), there is no evidence to suggest that mudarabah is the easiest banking method to implement (choice C), mudarabah is meant for long-term investment and savings rather than discouraging it (choice D), and a mudarabah contract does not use price markup method to make profits (choice E).

Question 7

Tyrone believes that he should be loyal to his superior,but,in turn his superiors should reciprocate his loyalty by bestowing their blessings on him.According to this information,Tyrone is a follower of

Accepted Answer

Confucianism emphasizes on the importance of loyalty, respect for authority, and reciprocity in relationships. Tyrone's belief in being loyal to his superior and expecting the same loyalty and blessings in return aligns with the teachings of Confucianism.

Question 8

Mr.Taylor finds it hard to dine with his American colleagues as his religion prohibits the consumption of pork and alcohol.He also quit his previous job in a bank because his religion considers the payment or receipt of interest as exploitative and unjust.According to this information,Mr.Taylor is a follower of

Accepted Answer

The prohibition of pork and alcohol consumption and the avoidance of interest-based transactions are consistent with Islamic dietary laws (halal) and the Islamic prohibition on usury (riba), respectively. These are not consistent with the beliefs of Protestantism, Hinduism, Judaism, or Confucianism.

Question 9

When Leo converses with his colleagues in the multinational company that he works for,he finds that he is the only one who believes in and talks about things such as reincarnation and the spiritual progression of each person's soul.Leo's religion is most likely

Accepted Answer

Leo's belief in reincarnation and spiritual progression indicates that he follows Hinduism, which is known for its belief in reincarnation and the concept of karma determining the progress of an individual's soul. None of the other religions listed have the same beliefs as Hinduism regarding reincarnation and spiritual progression.

Question 10

Muslim countries are likely to be receptive to international businesses as long as those businesses

Accepted Answer

Muslim countries have a strong cultural and ethical foundation based on Islamic principles. To be successful in these markets, businesses need to understand and respect these values. This includes following Islamic ethics in their behavior, such as avoiding interest-based transactions and following halal practices. By doing so, businesses will be more likely to be accepted and respected in the local community.

Question 11

For more than 2,000 years until the 1949 communist revolution,which of the following,that teaches the importance of attaining personal salvation through right action,was the official ethical system of China?

Accepted Answer

Confucianism was the official ethical system of China for more than 2,000 years until the 1949 communist revolution. It teaches the importance of attaining personal salvation through right action, and emphasizes the importance of social relationships, moral values, and education. Maoism, Feng Shui, Shintoism, and Buddhism were also influential in Chinese culture, but they were not the official ethical system of China for such a long period of time.

Question 12

Many _____ believe that the way to achieve nirvana-a state of complete spiritual perfection-is to lead a severe ascetic lifestyle of material and physical self-denial,devoting life to a spiritual rather than material quest.

Accepted Answer

The concept of nirvana is primarily associated with Buddhism and Hinduism. While asceticism is not the only path to nirvana in these religions, it is often seen as a way to detach oneself from material desires and focus on spiritual enlightenment. Therefore, choice B (Hindus) is the best answer.

Question 13

A major distinction between a conventional bank and an Islamic bank is that Islamic banks

Accepted Answer

Islamic banks follow the principles of Shariah law, which prohibits the payment or charging of interest (known as riba). Instead, Islamic banks generate income through profit-and-loss sharing arrangements, such as investment in equity or trade financing. Therefore, Islamic banks cannot pay or charge interest.

Question 14

Max Weber argued that the ascetic principles embedded in _____ do not encourage entrepreneurial activity in pursuit of wealth creation because it is perceived that such activities make the attainment of nirvana more difficult.

Accepted Answer

Max Weber argued that Hinduism, with its ascetic principles, does not encourage entrepreneurial activity because such pursuits are seen as distractions from spiritual goals and the attainment of nirvana.

Question 15

Hindus see mobility between castes as something that can be achieved through

Accepted Answer

Hindus believe in the cycle of reincarnation and karma, where one's actions in this life determine their status in the next life. Therefore, achieving mobility between castes is believed to be possible through spiritual progression and living a virtuous life, which will improve one's karma and lead to a higher status in the next life. This belief system allows for the possibility of upward mobility through multiple lifetimes.

Question 16

Which of the following statements is true of Islam?

Accepted Answer

Islam forbids the consumption of pork and alcohol. This is a well-known dietary restriction in Islam, as these items are considered impure and harmful to the body and mind.

It is important to note that options A, B, D, and E are incorrect. Islam has no roots in Confucianism, its ethics do not support worldly gain and temporal power, it does not make a clear distinction between church and state, and it is a monotheistic religion.

Question 17

What is the common aspect of the teachings of Hinduism and Buddhism?

Accepted Answer

The answer of What is the common aspect of the...

Question 18

Which of the following is a nonreligious ethical system principally followed in China,Korea,and Japan?

Accepted Answer

Confucianism is a nonreligious ethical and philosophical system that was developed in China and has had a significant impact on the cultures of Korea and Japan. It emphasizes the importance of personal and governmental morality, justice, and proper social relationships.

Question 19

Which of the following religions does not owe its founding to any one particular individual?

Accepted Answer

Hinduism is a religion that evolved over centuries and is not attributed to the teachings of any one particular individual. It incorporates various beliefs and practices from ancient Vedic texts, as well as regional traditions and philosophies.

Question 20

Mudarabah and the murabaha are:

Accepted Answer

Mudarabah and Murabaha are both methods used in Islamic banking. Mudarabah is a profit-sharing partnership between an entrepreneur and an investor, and Murabaha is a sale-based financing method where a buyer purchases an item at a higher price to be paid over time instead of paying interest. Both methods comply with Islamic principles that forbid charging or paying interest (riba).

Quiz 4: Differences in Culture