Exam 5: Political and Legal Environment

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All of the following are members of the G-7 (Group of Seven) except:

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B

The Digital Millennium Copyright Act (DMCA) of 1998 was passed in Germany.

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The United States government accounts for _______ of the total U.S.consumption.

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C

Trade controls can be broken into two categories: economic trade controls and:

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The "buy domestic" policy orientation is not limited to the United States.

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In the United States, ITA stands for:

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The Group of 7 (or G-7) is made up of France, Germany, Italy, England, Canada, Japan, and the United States.

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In this system, the parties are usually not divided by ideology but rather have different constituencies.

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_____ laws primarily govern behavior within a country and also govern the resolution of international contractual disputes since foreign subsidiaries and expatriate employees live within the legal bounds of their host countries' legal systems.

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______ by a government is an outright takeover of a business's assets without compensation.

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Common law systems base the interpretation of law on prior court rulings.

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A major objective of any state government wishing to support businesses that will be exporting or relocating to the United States is:

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DUT stands for ______.

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______ involve(s) trading of products without involving direct monetary payments.

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Recently the Russian subsidiary of PepsiCo needed to import bottling equipment from the United States.However, the Russian government did not allow the company to exchange rubles for dollars, so it exported Russian vodka to the United States to earn enough dollars to import the needed equipment.This would be an example of _____.

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One of the problems with a multiple party governmental system is a lack of political stability and continuity.

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Lately, the Chinese government has seen a use for the internet in controlling its citizens, called what?

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A(n) _____ country refers to a country in which foreign companies are allowed to do business in accordance with its government policies and within its laws.

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Trade controls can be broken into two categories - economic trade controls and ______.

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The United States has maintained an economic embargo on _____, but in September 2015, began easing the embargo, advancing normalization.

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