Exam 3: Legal, Technological, and Political Environments

The ________ provides that a country will honor and enforce within its own territory the judgments and decisions of foreign courts with certain limitations.

Dual-use products are those that can be used for both ________ and ________ purposes.

Forum shopping places U.S. manufacturers at a disadvantage in international markets.

Why does privatization typically occur? What types of industries are candidates for privatization?

Political risk that affects all firms in a country is referred to as ________.

What is the Overseas Private Investment Corporation (OPIC)?

Under Margaret Thatcher, the United Kingdom implemented a policy of privatization.

Industries that are most vulnerable to nationalization are those that lack mobility, such as mining and oil refining.

The Unites States limits foreigners to ________ ownership of U.S. television and radio stations.

When the British government sold its interests in British Airways to an outside investor, the government was practicing privatization.

What are some reasons that one country might impose sanctions on another country? Illustrate your answer with an example.

What is the difference between macropolitical risk and micropolitical risk?

________ is the risk associated with the potential for the firm's property to be confiscated or expropriated.

Extraterritoriality refers to ________.

What are cybersquatters? How do firms resolve problems with cybersquatters?

Laws regarding ________ are the primary reason the manufacturers in Germany and France compete on quality rather than price.

Many countries enforced embargoes against ________ during the 1980s to protest its apartheid policies.

The Multilateral Investment Guarantee Agency provides insurance to firms to protect against privatization risk.

In which of the following countries are interest-bearing transactions not allowed?

When a dispute occurs in international commerce, what questions typically need to be answered to resolve the problem? Why do some firms often avoid litigation? What alternatives to litigation are available?