Question 1

Which of the following would most likely help a country change its technological environment?

Accepted Answer

A)  more government regulations 
B)  greater government spending 
C)  minimum wage increase 
D)  foreign direct investment 
A)  more government regulations 
B)  greater government spending 
C)  minimum wage increase 
D)  foreign direct investment

Question 2

What was the key to the transition from communism to capitalism for Hungary and Poland?

Accepted Answer

A)  technology transfer from FDI 
B)  investment in infrastructure 
C)  the adoption of the euro 
D)  low-cost labor forces 
A)  technology transfer from FDI 
B)  investment in infrastructure 
C)  the adoption of the euro 
D)  low-cost labor forces

Question 3

Expropriation is best defined as the ________.

Accepted Answer

A)  transference of ownership of resources from private to public sector with no compensation 
B)  transference of ownership from private to public sector with compensation to private owners for their losses 
C)  conversion of state-owned property to privately owned property 
D)  conversion of state-owned property to privately owned property with no compensation 
A)  transference of ownership of resources from private to public sector with no compensation 
B)  transference of ownership from private to public sector with compensation to private owners for their losses 
C)  conversion of state-owned property to privately owned property 
D)  conversion of state-owned property to privately owned property with no compensation

Question 4

Ellis Electronics is a U.S. firm with operations in Saudi Arabia. Ellis has learned that it may face expropriation. What would be the most likely result of such actions?

Accepted Answer

A)  higher operating costs 
B)  loss of future profits 
C)  higher security costs. 
D)  loss of assets 
A)  higher operating costs 
B)  loss of future profits 
C)  higher security costs. 
D)  loss of assets

Question 5

________ is a systematic analysis of the political risks possible in foreign countries.

Accepted Answer

A)  Environmental scanning 
B)  SWOT analysis 
C)  Political risk assessment 
D)  Operating risk analysis 
A)  Environmental scanning 
B)  SWOT analysis 
C)  Political risk assessment 
D)  Operating risk analysis

Question 6

What are dual-use products? Why are the sales of these products monitored?

Accepted Answer

Dual-use products are those that can be

Question 7

The Koran is the foundation for religious law in Iran.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following best explains why the telecommunications industry has been privatized in many countries?

Accepted Answer

A)  shrinking ability to employ quality workers 
B)  international regulations regarding social media 
C)  citizen demands to separate government and business 
D)  inability of governments to pay for technological upgrades 
A)  shrinking ability to employ quality workers 
B)  international regulations regarding social media 
C)  citizen demands to separate government and business 
D)  inability of governments to pay for technological upgrades

Question 9

________ is based on a codification of what is and is not permissible.

Accepted Answer

A)  Common law 
B)  Civil law 
C)  Statutory law 
D)  Religious law 
A)  Common law 
B)  Civil law 
C)  Statutory law 
D)  Religious law

Question 10

Civil law is found primarily among the former colonies of the United Kingdom.

Accepted Answer

A) True 
 B)False

Question 11

________ refers to the transfer of ownership of resources from the private to the public sector.

Accepted Answer

A)  Nationalization 
B)  Expropriation 
C)  Federalization 
D)  Conversion 
A)  Nationalization 
B)  Expropriation 
C)  Federalization 
D)  Conversion

Question 12

Which of the following questions is most relevant when resolving an international business dispute?

Accepted Answer

A)  Which country's law applies? 
B)  Is the defendant financially solvent? 
C)  How long should litigation occur? 
D)  Where does the plaintiff prefer to file the dispute? 
A)  Which country's law applies? 
B)  Is the defendant financially solvent? 
C)  How long should litigation occur? 
D)  Where does the plaintiff prefer to file the dispute?

Question 13

In which country are monetary awards in legal disputes usually the highest?

Accepted Answer

A)  United States 
B)  France 
C)  United Kingdom 
D)  Canada 
A)  United States 
B)  France 
C)  United Kingdom 
D)  Canada

Question 14

________ is the risk associated with the potential for the employees or operations of the firm to be threatened by changes in laws, environmental standards, tax codes, and terrorism.

Accepted Answer

A)  Transfer risk 
B)  Ownership risk 
C)  Operating risk 
D)  Exchange rate risk 
A)  Transfer risk 
B)  Ownership risk 
C)  Operating risk 
D)  Exchange rate risk

Question 15

The United States has enforced an embargo against Cuba since the early 1960s.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is a foundation for legal systems?

Accepted Answer

A)  common law 
B)  the principles of comity 
C)  administrative law 
D)  regulatory law 
A)  common law 
B)  the principles of comity 
C)  administrative law 
D)  regulatory law

Question 17

Statutory law is primarily based on ________.

Accepted Answer

A)  legislative actions 
B)  historic precedents 
C)  moral judgments 
D)  religious beliefs 
A)  legislative actions 
B)  historic precedents 
C)  moral judgments 
D)  religious beliefs

Question 18

The United States restricts all trade with Cuba. This is an example of a(n) ________.

Accepted Answer

A)  boycott 
B)  tariff 
C)  embargo 
D)  ban 
A)  boycott 
B)  tariff 
C)  embargo 
D)  ban

Question 19

The civil law system is based on a detailed listing of what is or is not permissible.

Accepted Answer

A) True 
 B)False

Question 20

________ is law enacted by legislative action.

Accepted Answer

A)  Common law 
B)  Civil law 
C)  Statutory law 
D)  Bureaucratic law 
A)  Common law 
B)  Civil law 
C)  Statutory law 
D)  Bureaucratic law

Which of the following would most likely help a country change its technological environment?

What was the key to the transition from communism to capitalism for Hungary and Poland?

Expropriation is best defined as the ________.

Ellis Electronics is a U.S. firm with operations in Saudi Arabia. Ellis has learned that it may face expropriation. What would be the most likely result of such actions?

________ is a systematic analysis of the political risks possible in foreign countries.

What are dual-use products? Why are the sales of these products monitored?

The Koran is the foundation for religious law in Iran.

Which of the following best explains why the telecommunications industry has been privatized in many countries?

________ is based on a codification of what is and is not permissible.

Civil law is found primarily among the former colonies of the United Kingdom.

________ refers to the transfer of ownership of resources from the private to the public sector.

Which of the following questions is most relevant when resolving an international business dispute?

In which country are monetary awards in legal disputes usually the highest?

________ is the risk associated with the potential for the employees or operations of the firm to be threatened by changes in laws, environmental standards, tax codes, and terrorism.

The United States has enforced an embargo against Cuba since the early 1960s.

Which of the following is a foundation for legal systems?

Statutory law is primarily based on ________.

The United States restricts all trade with Cuba. This is an example of a(n) ________.

The civil law system is based on a detailed listing of what is or is not permissible.

________ is law enacted by legislative action.

An Overview of International Business

Global Marketplaces and Business Centers

The Role of Culture

Ethics and Social Responsibility in International Business

International Trade and Investment

The International Monetary System and the Balance of Payments

Foreign Exchange and International Financial Markets

Formulation of National Trade Policies

International Cooperation Among Nations

International Strategic Management

Strategies for Analyzing and Entering Foreign Markets

International Strategic Alliances

International Organization Design and Control

Leadership and Employee Behavior in International Business

International Marketing

International Operations Management

International Financial Management

International Human Resource Management and Labor Relations

Filters

Exam 3: Legal, Technological, and Political Environments

Which of the following would most likely help a country change its technological environment?

What was the key to the transition from communism to capitalism for Hungary and Poland?

Expropriation is best defined as the ________.

Ellis Electronics is a U.S. firm with operations in Saudi Arabia. Ellis has learned that it may face expropriation. What would be the most likely result of such actions?

________ is a systematic analysis of the political risks possible in foreign countries.

What are dual-use products? Why are the sales of these products monitored?

The Koran is the foundation for religious law in Iran.

Which of the following best explains why the telecommunications industry has been privatized in many countries?

________ is based on a codification of what is and is not permissible.

Civil law is found primarily among the former colonies of the United Kingdom.

________ refers to the transfer of ownership of resources from the private to the public sector.

Which of the following questions is most relevant when resolving an international business dispute?

In which country are monetary awards in legal disputes usually the highest?

________ is the risk associated with the potential for the employees or operations of the firm to be threatened by changes in laws, environmental standards, tax codes, and terrorism.

The United States has enforced an embargo against Cuba since the early 1960s.

Which of the following is a foundation for legal systems?

Statutory law is primarily based on ________.

The United States restricts all trade with Cuba. This is an example of a(n) ________.

The civil law system is based on a detailed listing of what is or is not permissible.

________ is law enacted by legislative action.

An Overview of International Business

Global Marketplaces and Business Centers

The Role of Culture

Ethics and Social Responsibility in International Business

International Trade and Investment

The International Monetary System and the Balance of Payments

Foreign Exchange and International Financial Markets

Formulation of National Trade Policies

International Cooperation Among Nations

International Strategic Management

Strategies for Analyzing and Entering Foreign Markets

International Strategic Alliances

International Organization Design and Control

Leadership and Employee Behavior in International Business

International Marketing

International Operations Management

International Financial Management

International Human Resource Management and Labor Relations

Filters