Question 1

Common law originated in the United States.

Accepted Answer

A) True 
 B)False

Question 2

Islamic law is based on the ________.

Accepted Answer

A) Bible 
B) Bhagavad Gita 
C) Tanakh 
D) Qur'an 
A) Bible 
B) Bhagavad Gita 
C) Tanakh 
D) Qur'an

Question 3

Which of the following questions would be more important for Zane legal experts to consider before recommending Country A or Country B?

Accepted Answer

A) Have other corporations based in these two countries been profitable? 
B) What is the prevalence of industrial crime in these two countries? 
C) How would a contractual dispute with a local vendor be resolved? 
D) Would local environmental organizations target Zane for its manufacturing practices? 
A) Have other corporations based in these two countries been profitable? 
B) What is the prevalence of industrial crime in these two countries? 
C) How would a contractual dispute with a local vendor be resolved? 
D) Would local environmental organizations target Zane for its manufacturing practices?

Question 4

Which of the following best explains why India was once characterized by high country risk?

Accepted Answer

A) taxes and financial incentives benefited Indian businesses over foreign firms 
B) Indian business leaders distrusted most European corporations 
C) political leaders enacted laws that targeted foreign firms for harassment 
D) Indian leaders feared the modern influences of American firms 
A) taxes and financial incentives benefited Indian businesses over foreign firms 
B) Indian business leaders distrusted most European corporations 
C) political leaders enacted laws that targeted foreign firms for harassment 
D) Indian leaders feared the modern influences of American firms

Question 5

Representative C is most likely from ________.

Accepted Answer

A) Canada 
B) Sudan 
C) North Korea 
D) Zimbabwe 
A) Canada 
B) Sudan 
C) North Korea 
D) Zimbabwe

Question 6

Socialism is based on a collectivist ideology which assumes that the collective welfare of people outweighs the welfare of the individual.

Accepted Answer

A) True 
 B)False

Question 7

Government agencies, institutions, and public officials influence the manner in which foreign firms conduct business.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following characterizes country risk?

Accepted Answer

A) The political and legal systems of adjacent nations greatly impact the country risk of nations that host foreign firms. 
B) Country risk will change only after the creation of laws and regulations that affect foreign firms. 
C) A nation's country risk level remains fairly constant until the election and installation of a new political leader. 
D) Country risk is always present, but its nature and intensity vary over time and from country to country. 
A) The political and legal systems of adjacent nations greatly impact the country risk of nations that host foreign firms. 
B) Country risk will change only after the creation of laws and regulations that affect foreign firms. 
C) A nation's country risk level remains fairly constant until the election and installation of a new political leader. 
D) Country risk is always present, but its nature and intensity vary over time and from country to country.

Question 9

A democratic government seeks to control not only all economic and political matters but also the attitudes, values, and beliefs of the citizenry.

Accepted Answer

A) True 
 B)False

Question 10

The U.S. Securities and Exchange Act encourages confidence in business transactions by ________.

Accepted Answer

A) protecting public companies from government scrutiny 
B) evaluating the inner workings of privately owned firms 
C) requiring public companies to frequently disclose their financial indicators to investors 
D) shielding investors from bankruptcy and excessive taxation 
A) protecting public companies from government scrutiny 
B) evaluating the inner workings of privately owned firms 
C) requiring public companies to frequently disclose their financial indicators to investors 
D) shielding investors from bankruptcy and excessive taxation

Question 11

Country risk is present in select nations.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following statements supports Country B over Country A?

Accepted Answer

A) Rules and principles form the starting point for legal reasoning and administering justice. 
B) The flexibility of common law allows for judicial interpretation in unique cases. 
C) Common law nations administer justice based on a structured set of rules. 
D) Laws are primarily legislative in origin and based on laws passed by national and local legislatures. 
A) Rules and principles form the starting point for legal reasoning and administering justice. 
B) The flexibility of common law allows for judicial interpretation in unique cases. 
C) Common law nations administer justice based on a structured set of rules. 
D) Laws are primarily legislative in origin and based on laws passed by national and local legislatures.

Question 13

Which of the following laws is responsible for the ban on cigarette advertisements in France?

Accepted Answer

A) environmental laws 
B) product and liability laws 
C) foreign investment laws 
D) marketing and distribution laws 
A) environmental laws 
B) product and liability laws 
C) foreign investment laws 
D) marketing and distribution laws

Question 14

Which form of government is characterized by private property rights and limited government?

Accepted Answer

A) autocratic 
B) democratic 
C) socialist 
D) totalitarian 
A) autocratic 
B) democratic 
C) socialist 
D) totalitarian

Question 15

Explain command economies. Provide examples of nations that exhibit characteristics of command economies and why command economies are no longer common today.

Accepted Answer

Command economies are also known as cent

Question 16

The most widespread form of religious law is ________ law.

Accepted Answer

A) Hindu 
B) Jewish 
C) Islamic 
D) Catholic 
A) Hindu 
B) Jewish 
C) Islamic 
D) Catholic

Question 17

Which of the following is a typical complaint of host-country competitors against foreign firms?

Accepted Answer

A) Foreign firms burden the host-country with infrastructure requirements. 
B) Foreign firms do not have to obey host-country laws and regulations. 
C) Foreign firms receive financial support from host-country governments. 
D) Foreign firms lure host-country workers to the home-country businesses. 
A) Foreign firms burden the host-country with infrastructure requirements. 
B) Foreign firms do not have to obey host-country laws and regulations. 
C) Foreign firms receive financial support from host-country governments. 
D) Foreign firms lure host-country workers to the home-country businesses.

Question 18

The protection of intellectual property rights is guaranteed and enforceable in every country in the world.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following is characteristic of an effective legal system?

Accepted Answer

A) a stable and rigid framework of rules and norms across nations 
B) systematically enforced laws and regulations 
C) political involvement in business transactions 
D) universal emphasis on religious law over common and civil law 
A) a stable and rigid framework of rules and norms across nations 
B) systematically enforced laws and regulations 
C) political involvement in business transactions 
D) universal emphasis on religious law over common and civil law

Question 20

________ is the seizure of corporate assets without compensation.

Accepted Answer

A) Confiscation 
B) Expropriation 
C) Embargo 
D) Sanction 
A) Confiscation 
B) Expropriation 
C) Embargo 
D) Sanction

Common law originated in the United States.

Islamic law is based on the ________.

Which of the following questions would be more important for Zane legal experts to consider before recommending Country A or Country B?

Which of the following best explains why India was once characterized by high country risk?

Representative C is most likely from ________.

Socialism is based on a collectivist ideology which assumes that the collective welfare of people outweighs the welfare of the individual.

Government agencies, institutions, and public officials influence the manner in which foreign firms conduct business.

Which of the following characterizes country risk?

A democratic government seeks to control not only all economic and political matters but also the attitudes, values, and beliefs of the citizenry.

The U.S. Securities and Exchange Act encourages confidence in business transactions by ________.

Country risk is present in select nations.

Which of the following statements supports Country B over Country A?

Which of the following laws is responsible for the ban on cigarette advertisements in France?

Which form of government is characterized by private property rights and limited government?

Explain command economies. Provide examples of nations that exhibit characteristics of command economies and why command economies are no longer common today.

The most widespread form of religious law is ________ law.

Which of the following is a typical complaint of host-country competitors against foreign firms?

The protection of intellectual property rights is guaranteed and enforceable in every country in the world.

Which of the following is characteristic of an effective legal system?

________ is the seizure of corporate assets without compensation.

Introduction: What Is International Business

Globalization of Markets and the Internationalization of the Firm

The Cultural Environment of International Business

Ethics, Corporate Social Responsibility, Sustainability and Corporate Governance

Theories of International Trade and Investment

Government Intervention and Regional Economic Integration

Understanding Emerging Markets

The International Monetary and Financial Environment

Financial Management and Accounting in the Global Firm

Strategy and Organization in the International Firm

Global Market Opportunity Assessment

Exporting and Global Sourcing

Foreign Direct Investment and Collaborative Ventures

Licensing, Franchising, and Other Contractual Strategies

Marketing in the Global Firm

Human Resource Management in the Global Firm

Filters

Exam 6: Political and Legal Systems in National Environments

Common law originated in the United States.

Islamic law is based on the ________.

Which of the following questions would be more important for Zane legal experts to consider before recommending Country A or Country B?

Which of the following best explains why India was once characterized by high country risk?

Representative C is most likely from ________.

Socialism is based on a collectivist ideology which assumes that the collective welfare of people outweighs the welfare of the individual.

Government agencies, institutions, and public officials influence the manner in which foreign firms conduct business.

Which of the following characterizes country risk?

A democratic government seeks to control not only all economic and political matters but also the attitudes, values, and beliefs of the citizenry.

The U.S. Securities and Exchange Act encourages confidence in business transactions by ________.

Country risk is present in select nations.

Which of the following statements supports Country B over Country A?

Which of the following laws is responsible for the ban on cigarette advertisements in France?

Which form of government is characterized by private property rights and limited government?

Explain command economies. Provide examples of nations that exhibit characteristics of command economies and why command economies are no longer common today.

The most widespread form of religious law is ________ law.

Which of the following is a typical complaint of host-country competitors against foreign firms?

The protection of intellectual property rights is guaranteed and enforceable in every country in the world.

Which of the following is characteristic of an effective legal system?

________ is the seizure of corporate assets without compensation.

Introduction: What Is International Business

Globalization of Markets and the Internationalization of the Firm

The Cultural Environment of International Business

Ethics, Corporate Social Responsibility, Sustainability and Corporate Governance

Theories of International Trade and Investment

Government Intervention and Regional Economic Integration

Understanding Emerging Markets

The International Monetary and Financial Environment

Financial Management and Accounting in the Global Firm

Strategy and Organization in the International Firm

Global Market Opportunity Assessment

Exporting and Global Sourcing

Foreign Direct Investment and Collaborative Ventures

Licensing, Franchising, and Other Contractual Strategies

Marketing in the Global Firm

Human Resource Management in the Global Firm

Filters