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

In Iran, the religious law is based on the teachings of the ________.

What is the difference between a common law system and a civil law system? How are accounting procedures handled in each?

Many countries enforced embargoes against ________ during the 1980s to protest its apartheid policies.

What was the key to the transition from communism to capitalism for Hungary and Poland?

The ________ is directed against international firms that traffic in the assets of U.S. companies that were confiscated by the Cuban government in 1959.

Of the laws that may form the basis for a country's legal system, which one is considered the riskiest for international businesses?

An embargo is a type of comprehensive sanction.

A legal system that lacks due process, lacks appeals procedures, and prohibits banks from charging interest on loans is most likely based on ________.

How do accounting systems evolve in common law countries?

BGL Enterprises, a global firm, operates a facility in Angola. Managers want to reduce the firm's vulnerability to political risk in Angola. All of the following actions would most likely accomplish this task EXCEPT ________.

Privatization is ________.

What is the Overseas Private Investment Corporation (OPIC)?

Randall's Groceries, an international supermarket chain, recently opened a new store in the Taiwanese market. Which of the following will Taiwanese consumers LEAST likely experience?

Macropolitical risks affect all firms in a country, while micropolitical risks affect only specific industries or specific firms.

Civil law originated in biblical times with the ________.

Walton Enterprises, a U.S. firm, has a facility in China. Walton managers in China frequently complain about the arbitrary rules and decisions implemented by Chinese government authorities. Such legal unpredictability suggests that China has a system based on ________ law.

In which country do firms publish a social balance sheet detailing their treatment and compensation of their workforce?

Which country follows a "first to invent" patent policy?

________ is based on the cumulative wisdom of judges' decisions on individual cases through history.

Foreign companies doing business in Saudi Arabia must be cautious because of the country's lack of an independent judiciary to protect the foreign company's rights.