Exam 5: The Political and Legal Environment

In general, which of the following statements best describes the political environment in most countries in terms of their support for international marketing efforts?

The seizure of foreign assets by a government with payment of compensation to owners is called:

Boycotts are attempts by the government to control technology transfer.

When products and goods enter a market in ways not desired by their manufacturers, this is known as:

State-of-the-art technology has allowed high-technology items to be easily concealed because of:

Which of the following is not considered a political risk?

Typically, the intent of trade sanctions is to bring commercial interchange to a complete halt.

Today's export controls use a(n) _____ approach affecting specific hotspots.

When firms refuse to do business with someone, often for political reasons, this is called:

The method in which countries try to deny or at least delay the acquisition of strategically important goods by adversaries is known as:

Which of the following statements is true?

As required by government mandate, anyone wishing to export a product from the United States needs:

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.

Even though firms that are expropriated may deplore the low levels of payment obtained, they frequently accept them in the absence of better alternatives.

When a government demands partial transfer of ownership and management responsibility and imposes regulations to ensure that a large share of the product is locally produced and a larger share of the profit is retained in the country, this is called:

Food and health care are many times subject to:

Dual-use products pose a problematic scenario for countries because:

Over-investing is characterized by international marketers:

Expropriation is a term used to describe the U.S. government's investment in foreign technology with the intent to spur development of trade partners.

On occasion, the international marketer may be caught between clashing home and host country laws. How should the marketer handle such a situation?