Question 1

A major political risk in many countries involves what type of change?

Accepted Answer

A)  Conflict and assault 
B)  Assault and violence 
C)  Frustration and conflict 
D)  Conflict and violence 
A)  Conflict and assault 
B)  Assault and violence 
C)  Frustration and conflict 
D)  Conflict and violence

Question 2

Sanctions can be viewed as a middle ground between going to war and doing nothing.

Accepted Answer

A) True 
 B)False

Question 3

The 9/11 terrorists attacks in the United States will lead to more sophisticated export controls.

Accepted Answer

A) True 
 B)False

Question 4

Laws that prohibit below-cost sales of products are known as:

Accepted Answer

A)  underpricing laws. 
B)  skimming laws. 
C)  antidumping laws. 
D)  foreclosure laws. 
A)  underpricing laws. 
B)  skimming laws. 
C)  antidumping laws. 
D)  foreclosure laws.

Question 5

What are the four areas of major concern which get government attention in most international markets?

Accepted Answer

A)  Product, price, differentiation, and protection 
B)  Markets, media, money, and mechanics 
C)  Trade sanctions, export controls, import controls, and regulation of business behavior 
D)  Currency fluctuation, international monetary fund, taxes, and supply forecasts 
A)  Product, price, differentiation, and protection 
B)  Markets, media, money, and mechanics 
C)  Trade sanctions, export controls, import controls, and regulation of business behavior 
D)  Currency fluctuation, international monetary fund, taxes, and supply forecasts

Question 6

Intellectual property rights give:

Accepted Answer

A)  individuals the right to free speech. 
B)  companies and inventors patents and trademarks on products they invented. 
C)  citizens the right to peaceful protests. 
D)  individuals and companies the right to own and sell property as they see fit. 
A)  individuals the right to free speech. 
B)  companies and inventors patents and trademarks on products they invented. 
C)  citizens the right to peaceful protests. 
D)  individuals and companies the right to own and sell property as they see fit.

Question 7

The act issued by the United States to exclude from anti-trust prosecution those firms that are cooperating to develop foreign markets is called the:

Accepted Answer

A)  Putnam-Trust Act of 1916. 
B)  Foreign Trade Adjustment Act. 
C)  The Webb-Pomerene Act of 1918. 
D)  The North American Free Trade Agreement of 1999. 
A)  Putnam-Trust Act of 1916. 
B)  Foreign Trade Adjustment Act. 
C)  The Webb-Pomerene Act of 1918. 
D)  The North American Free Trade Agreement of 1999.

Question 8

When the United Nations votes on economic sanctions for a country:

Accepted Answer

A)  only nations who are members of the UN can embrace it. 
B)  any permanent member of the Security Council can veto the sanctions. 
C)  all nations must comply. 
D)  a new set of rules must be written for the specific infractions. 
A)  only nations who are members of the UN can embrace it. 
B)  any permanent member of the Security Council can veto the sanctions. 
C)  all nations must comply. 
D)  a new set of rules must be written for the specific infractions.

Question 9

Tariffs, voluntary restraint agreements, and quota systems are used to help capture terrorists at airports.

Accepted Answer

A) True 
 B)False

Question 10

The character of the United Nations allows for sanctions as enforcement action by regional agencies. Which one is not an example of a regional agency?

Accepted Answer

A)  Organization of American Unity 
B)  Organization of African Unity 
C)  Organization of American States 
D)  The Arab League 
A)  Organization of American Unity 
B)  Organization of African Unity 
C)  Organization of American States 
D)  The Arab League

Question 11

The Environmental Superfund requires:

Accepted Answer

A)  Superfund participants to include underfunded nations in their tax base. 
B)  the United Nations be notified of new oil refinery construction. 
C)  chemical firms to pay fees based on their production volume. 
D)  that three trees be planted for every barrel of oil produced in an OPEC country. 
A)  Superfund participants to include underfunded nations in their tax base. 
B)  the United Nations be notified of new oil refinery construction. 
C)  chemical firms to pay fees based on their production volume. 
D)  that three trees be planted for every barrel of oil produced in an OPEC country.

Question 12

Marketing managers are interested in four main areas of political and legal circumstances. These areas are within the home country, within the host country, bilateral agreements, and agreements a country makes with itself.

Accepted Answer

A) True 
 B)False

Question 13

Home countries may implement special laws and regulations to ensure that the international business behavior of their firms is conducted within the:

Accepted Answer

A)  legal, moral, and ethical boundaries considered appropriate. 
B)  city, county, and state boundaries as defined by local governments. 
C)  social and cultural boundaries of the local government. 
D)  safety of the state laws. 
A)  legal, moral, and ethical boundaries considered appropriate. 
B)  city, county, and state boundaries as defined by local governments. 
C)  social and cultural boundaries of the local government. 
D)  safety of the state laws.

Question 14

In 1991, the chairman of the German Treuhard was assassinated at his home in Germany by the Red Army Faction because of his:

Accepted Answer

A)  representation of communism. 
B)  representation of capitalism. 
C)  representation of socialism. 
D)  representation of corruption. 
A)  representation of communism. 
B)  representation of capitalism. 
C)  representation of socialism. 
D)  representation of corruption.

Question 15

Code law is based on tradition and depends less on written statutes and codes than on precedent and custom.

Accepted Answer

A) True 
 B)False

Question 16

What is the best course of action for a manager when conducting business in a foreign market environment?

Accepted Answer

In the final analysis, a firm conducting

Question 17

As a result of World War I, the League of Nations concluded that:

Accepted Answer

A)  war is war, and companies cannot be protected in a war environment. 
B)  two companies were secretly sharing confidential security information. 
C)  economic sanctions force countries to behave peacefully in the international community. 
D)  policing compliance was impossible. 
A)  war is war, and companies cannot be protected in a war environment. 
B)  two companies were secretly sharing confidential security information. 
C)  economic sanctions force countries to behave peacefully in the international community. 
D)  policing compliance was impossible.

Question 18

When the United Nations approves trade sanctions for a particular country, all countries must abide by this decision, and, usually, this process works flawlessly.

Accepted Answer

A) True 
 B)False

Question 19

Theocracy is a form of government in which the theory of economic warfare takes precedence over nationalism.

Accepted Answer

A) True 
 B)False

Question 20

Many adverse governmental actions are a result of the desire of the host country's nationals to maintain their independence and opposition to:

Accepted Answer

A)  buying foreign products. 
B)  colonial remnants. 
C)  war. 
D)  global warming. 
A)  buying foreign products. 
B)  colonial remnants. 
C)  war. 
D)  global warming.

A major political risk in many countries involves what type of change?

Sanctions can be viewed as a middle ground between going to war and doing nothing.

The 9/11 terrorists attacks in the United States will lead to more sophisticated export controls.

Laws that prohibit below-cost sales of products are known as:

What are the four areas of major concern which get government attention in most international markets?

Intellectual property rights give:

The act issued by the United States to exclude from anti-trust prosecution those firms that are cooperating to develop foreign markets is called the:

When the United Nations votes on economic sanctions for a country:

Tariffs, voluntary restraint agreements, and quota systems are used to help capture terrorists at airports.

The character of the United Nations allows for sanctions as enforcement action by regional agencies. Which one is not an example of a regional agency?

The Environmental Superfund requires:

Marketing managers are interested in four main areas of political and legal circumstances. These areas are within the home country, within the host country, bilateral agreements, and agreements a country makes with itself.

Home countries may implement special laws and regulations to ensure that the international business behavior of their firms is conducted within the:

In 1991, the chairman of the German Treuhard was assassinated at his home in Germany by the Red Army Faction because of his:

Code law is based on tradition and depends less on written statutes and codes than on precedent and custom.

What is the best course of action for a manager when conducting business in a foreign market environment?

As a result of World War I, the League of Nations concluded that:

When the United Nations approves trade sanctions for a particular country, all countries must abide by this decision, and, usually, this process works flawlessly.

Theocracy is a form of government in which the theory of economic warfare takes precedence over nationalism.

Many adverse governmental actions are a result of the desire of the host country's nationals to maintain their independence and opposition to:

The International Marketing Environment

Trade Institutions and Trade Policy

The Cultural Environment

The Economic Environment

Strategic Planning

Marketing Organization, Implementation, and Control

Research

Market Entry and Expansion

Product Adaptation

Export Pricing

Marketing Communications

Distribution Management

Global Product Management and Branding

Global Services

Global Logistics and Materials Management

Global Pricing

Global Promotional Strategies

Filters

Exam 5: The Political and Legal Environment

A major political risk in many countries involves what type of change?

Sanctions can be viewed as a middle ground between going to war and doing nothing.

The 9/11 terrorists attacks in the United States will lead to more sophisticated export controls.

Laws that prohibit below-cost sales of products are known as:

What are the four areas of major concern which get government attention in most international markets?

Intellectual property rights give:

The act issued by the United States to exclude from anti-trust prosecution those firms that are cooperating to develop foreign markets is called the:

When the United Nations votes on economic sanctions for a country:

Tariffs, voluntary restraint agreements, and quota systems are used to help capture terrorists at airports.

The character of the United Nations allows for sanctions as enforcement action by regional agencies. Which one is not an example of a regional agency?

The Environmental Superfund requires:

Marketing managers are interested in four main areas of political and legal circumstances. These areas are within the home country, within the host country, bilateral agreements, and agreements a country makes with itself.

Home countries may implement special laws and regulations to ensure that the international business behavior of their firms is conducted within the:

In 1991, the chairman of the German Treuhard was assassinated at his home in Germany by the Red Army Faction because of his:

Code law is based on tradition and depends less on written statutes and codes than on precedent and custom.

What is the best course of action for a manager when conducting business in a foreign market environment?

As a result of World War I, the League of Nations concluded that:

When the United Nations approves trade sanctions for a particular country, all countries must abide by this decision, and, usually, this process works flawlessly.

Theocracy is a form of government in which the theory of economic warfare takes precedence over nationalism.

Many adverse governmental actions are a result of the desire of the host country's nationals to maintain their independence and opposition to:

The International Marketing Environment

Trade Institutions and Trade Policy

The Cultural Environment

The Economic Environment

Strategic Planning

Marketing Organization, Implementation, and Control

Research

Market Entry and Expansion

Product Adaptation

Export Pricing

Marketing Communications

Distribution Management

Global Product Management and Branding

Global Services

Global Logistics and Materials Management

Global Pricing

Global Promotional Strategies

Filters