Exam 3: Legal, Technological, and Political Environments

________ provides that the actions of foreign governments against U.S. firms are generally beyond the jurisdiction of U.S. courts.

Under civil law, judges take on many tasks that lawyers would handle under common law.

Which results in a loss of assets?

Britain's legal system is based on religious law.

Martin, a manager at an international firm located in China, is required to monitor political risks for his employer. Which of the following would least likely provide Martin with useful information?

BGL Enterprises, a global firm, operates a facility in Angola. Managers want to reduce the firm's vulnerability to political risk in Angola. All of the following actions would most likely accomplish this task except ________.

Pimlico Steel operates an aluminum refining plant in Jamaica. The contract between Pimlico and Jamaica requires the corporation to train Jamaican engineers in the latest processes. Jamaica has most likely required Pimlico to agree to a(n) ________.

What is the purpose of the principle of comity? What conditions are required under the principle of comity?

Civil law is primarily based on ________.

Macropolitical risks affect all firms in a country, while micropolitical risks affect only specific industries or specific firms.

What is the difference between a common law system and a civil law system?

In which industry does Mexico restrict foreign ownership?

________ operates under bureaucratic law.

________ is based on the cumulative wisdom of judges' decisions on individual cases through history.

Hawkins Tire is an international chain of discount tire stores. The firm has recently opened a store in Frankfurt, Germany, where there are already a number of local tire stores. Which of the following is the most likely negative effect of Hawkins Tire on Frankfurt?

Countries that attempt to regulate business activities conducted outside their borders are practicing expropriation.

________ is the risk associated with the potential for the government to interfere with the firm's ability to move funds in and out of the country.

Bureaucratic law is preferred by companies because it never varies, laws are laws.

Which country has the highest rate of software piracy?

Under which type of legal system can contracts be broken at the whim of those in power?