Exam 4: The political and legal environment

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__________ is based on tradition and depends less on written __________ than on precedent and custom.On the other hand, __________ is based on a ______________ set of written _________.

(Multiple Choice)
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Since the US economy is so much larger than that of any other country, sanctions provide a way of inflicting great damage, especially on small countries such as Cuba, Iraq and North Korea, without the USA itself suffering commensurate pain or danger of retaliation.

(True/False)
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Which of the following is not a problem with the unilateral imposition of sanctions?

(Multiple Choice)
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Explain the implications of climate change to international marketers.

(Essay)
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Firms that engage in questionable practices may be subject to all but which of the following?

(Multiple Choice)
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When goods enter a market in ways not desired by their manufacturers, this is known as:

(Multiple Choice)
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The seizure of foreign assets by a government with payment of compensation to the owners is referred to as:

(Multiple Choice)
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Which of the following is not a type of political risk?

(Multiple Choice)
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Companies are automatically restricted from trading in items under the Wassenaar Arrangement because this is the responsibility of participating states, which must proscribe prohibited items under their national laws.

(True/False)
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Dual-use products pose a problematic scenario for countries because:

(Multiple Choice)
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Which of the following is incorrect?

(Multiple Choice)
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Economic sanctions can be used by the USA to extend political control over foreign companies operating abroad, with or without the support of their local government.

(True/False)
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The Copenhagen Summit held in 2009 was seen a major success.

(True/False)
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Sanctions remain contentious both in terms of efficacy and equity because they seldom achieve the stated objectives, and they hurt the powerless and vulnerable rather than the elite.

(True/False)
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When firms refuse to do business with someone, often for political reasons, this is called:

(Multiple Choice)
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Why are the political and legal environments in foreign countries important to the international marketer?

(Essay)
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Government actions that distort the free flow of trade in goods, services and ideas for decidedly adversarial and political, rather than strictly economic, purposes are:

(Multiple Choice)
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Expropriation is the seizure of foreign assets by a government with payment of compensation to the owners.

(True/False)
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When the United Nations votes on economic sanctions for a country:

(Multiple Choice)
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The term 'embargo' refers to products that are packaged in one country one way and then altered to fit the international marketplace in another country.

(True/False)
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