Exam 5: Political and Legal Environment

How can MNCs use the recent change in diplomatic relations between the U.S. and Cuba to their advantage? Examine the opportunities and challenges facing U.S companies if they decide to enter the Cuban market.

Explain the timeline that led to the deterioration of the political relationship between the U.S. and Cuba.

How does an MNC manage their political risk after already entering a foreign market?

Which of the following refers to how businesses should be run to meet moral, legal, commercial, and public expectations toward stakeholders?

Which of the following economic systems has the government controlling the activities of all the economic sectors, determining how much is produced for whom and by whom?

Which of the following best characterizes profit remittance laws for MNCs?

Which of the following best characterizes a democratic political system?

Which of the following characterizes the benefit of a local partner for an MNC?

What is the difference between theocratic law and customary law?

What are some methods the EU and other countries could employ to prevent political and economic corruption?

Which of the following legal systems reflects the wisdom of daily life, spiritual heritage, and philosophical tradition?

Explain the Foreign Corrupt Practices Act and how American MNCs can maintain their competitive advantage without violating this act in the foreign market.

What institutions do you feel are responsible for enforcing economic transparency and preventing corruption?

Which of the following political systems blocks opposing values and ideals through brainwashing, persecution, surveillance, propaganda, and censorship?

Explain a recent FCPA lawsuit. How did the company or individual violate the act? What were the consequences or results if any?

Which of the following countries does not have a mixed law legal system?

What are the six legal risks an MNC can face in their host country?

What changes have been made to the FCPA? Why?

Explain the key success factors of China's economic transition from a planned economy to a market economy. Discuss whether these success factors can be applied to other planned economies.

What is the difference between socialism and a social democracy?