Exam 5: The Political and Legal Environment

Which of the following is NOT a method of controlling imports?

One of the problems with detecting the transfer of cutting-edge technology that may be considered a threat to world security is that technology has become so miniaturized that it is easy to hide and hard to detect.

Political and legal factors often play critical roles in international marketing activities.

Understanding the political and legal environment is easy because of the resolution titled The Uniform International Political and Legal Standards Act of 1999.

To succeed in a market, the international marketer needs much more than business know-how.

Laws in the United States control all exports of goods, services, and ideas.

Government actions that distort the free flow of trade in goods, services, and ideas are:

Bribes are an accepted way of operation in many foreign countries, and U.S. companies must learn these corporate culture rituals and participate in them in order to successfully compete.

One technique governments use to put restraints on international marketers is to

In the past, the participants in international trade did so based on wage-based competition. What has been the new competitive focus in recent years?

When a country transfers the ownership of the foreign firm from the firm to itself (the country), this is known as:

Events caused by factors outside the control of government include all but which of these?

When economic sanctions are imposed unilaterally by one country, they tend to be more effective than when imposed multilaterally by all countries.

List and briefly describe the 3 different types of political risk.

Trade sanctions and embargoes can be used inter-changeably.

When chemical firms are required to make payments on their production volume, is known as:

Coups have occurred in all of the following countries except:

Goods that one country exports to another country and that have both military and civilian uses are called: