Exam 3: Legal, Technological, Accounting, and Political Environments

Wilfred Enterprises has foreign operations in Taiwan, India, and China. The firm pays an annual insurance premium to the Overseas Private Investment Corporation. The firm is most likely protecting itself from ________.

What is forum shopping? Why do you think forum shopping puts American companies at a disadvantage?

Operating risk occurs when the property of an MNE is threatened through either confiscation or expropriation.

What are the similarities and differences between the four systems of law that serve as the basis for the world's legal systems? How do domestic laws affect international businesses?

In most cases, legal systems based on bureaucratic law have all of the following characteristics EXCEPT ________.

Religious law is primarily based on ________.

What questions regarding political risk and the technological environment should a firm consider before entering a new market?

Under the Helms-Burton Act, the U.S. can take legal action against corporations that buy assets from Cuba if those assets were previously taken from U.S. owners.

Which of the following is not one of the conditions required for the principle of comity to apply?

________ provides that the actions of foreign governments against U.S. firms are generally beyond the jurisdiction of U.S. courts.

The IT department at World Airlines has recently improved the airlines' Website to help facilitate transactions. Now, when repeat customers log on to the Website, their seating preferences and billing addresses are automatically accessed. For World Airlines customers located in the European Union, the company will most likely have to ________.

Statutory laws are those enacted under the rule of a dictator.

Dual-use products are those that can be used for both ________ and ________ purposes.

Bureaucratic law is common in dictatorships.

________ is political risk that affects only a specific firm or firms within a specific industry.

Under civil law, judges take on many tasks that lawyers would handle under common law.

Which country has the highest rate of software piracy?

Which of the following is not a foundation for legal systems?

What is the difference between "first to file" and "first to invent" systems? Which do you think is better? Why?

Which of the following questions is LEAST relevant when resolving an international business dispute?