Question 1

Which of the following supports Country A over Country B?

Accepted Answer

A) contractual noncompliance provisions are broader in scope 
B) contracts are so detailed that they are expensive to draft 
C) higher flexibility compared to other legal systems 
D) judges confer with legislators on international business issues 
A) contractual noncompliance provisions are broader in scope 
B) contracts are so detailed that they are expensive to draft 
C) higher flexibility compared to other legal systems 
D) judges confer with legislators on international business issues

Question 2

An embargo is an official ban on exports to or imports from a particular country.

Accepted Answer

A) True 
 B)False

Question 3

Common law can best be described as a system ________.

Accepted Answer

A) designed from political and legislative regulations 
B) derived from religious beliefs and moral values 
C) based on an all-inclusive system of laws that have been codified 
D) based on legal precedents set by the nation's courts 
A) designed from political and legislative regulations 
B) derived from religious beliefs and moral values 
C) based on an all-inclusive system of laws that have been codified 
D) based on legal precedents set by the nation's courts

Question 4

Which of the following terms refers to the existence of a legal system based on clear rules and fair enforcement?

Accepted Answer

A) conciliation 
B) arbitration 
C) culture of law 
D) rule of law 
A) conciliation 
B) arbitration 
C) culture of law 
D) rule of law

Question 5

Which of the following countries would Representative A most likely be from?

Accepted Answer

A) Denmark 
B) Zimbabwe 
C) Sweden 
D) Australia 
A) Denmark 
B) Zimbabwe 
C) Sweden 
D) Australia

Question 6

The three major types of current political systems are ________.

Accepted Answer

A) totalitarianism, socialism, and democracy 
B) socialism, democracy, and monarchy 
C) totalitarianism, liberalism, and fascism 
D) democracy, republicanism, and oligarchy 
A) totalitarianism, socialism, and democracy 
B) socialism, democracy, and monarchy 
C) totalitarianism, liberalism, and fascism 
D) democracy, republicanism, and oligarchy

Question 7

Which of the following is the most important issue to consider when determining the best entry strategy for Super Sports?

Accepted Answer

A) What are the regulations regarding income repatriation? 
B) What type of promotion and advertising is prohibited? 
C) What are the restrictions on inward foreign direct investment? 
D) Is the recycling of product packaging mandatory? 
A) What are the regulations regarding income repatriation? 
B) What type of promotion and advertising is prohibited? 
C) What are the restrictions on inward foreign direct investment? 
D) Is the recycling of product packaging mandatory?

Question 8

Which of the following is the underlying principle of socialism?

Accepted Answer

A) The welfare of individuals far outweighs the welfare of society. 
B) Collective welfare of people outweighs the welfare of the individual. 
C) Capital and wealth should be vested in the hands of few and used primarily as a means of profit. 
D) The state should protect itself from individual and group interests. 
A) The welfare of individuals far outweighs the welfare of society. 
B) Collective welfare of people outweighs the welfare of the individual. 
C) Capital and wealth should be vested in the hands of few and used primarily as a means of profit. 
D) The state should protect itself from individual and group interests.

Question 9

Which of the following supports a decision in favor of Super Sports opening a store in Norway?

Accepted Answer

A) MNEs may transfer profits back to the home country without restriction. 
B) The opening of warehouse-style stores requires the approval of local retailers. 
C) Product injury cases generally rule in favor of plaintiffs regardless of evidence. 
D) Advertising and marketing of particular products are banned under local distribution laws. 
A) MNEs may transfer profits back to the home country without restriction. 
B) The opening of warehouse-style stores requires the approval of local retailers. 
C) Product injury cases generally rule in favor of plaintiffs regardless of evidence. 
D) Advertising and marketing of particular products are banned under local distribution laws.

Question 10

A market economy is also called a centrally planned economy.

Accepted Answer

A) True 
 B)False

Question 11

Totalitarianism's fundamental tenet is that capital and wealth should be vested in the state and used primarily as a means of production rather than for profit.

Accepted Answer

A) True 
 B)False

Question 12

Income repatriation laws affect MNEs that earn profits in foreign countries by ________.

Accepted Answer

A) enforcing strict stipulations on cross-border transactions and joint ventures 
B) limiting the amount of net income or dividends that can be transferred to the home-country headquarters 
C) restricting the amount of earned income being re-invested in the foreign facility 
D) imposing restrictions on the distribution of products from the foreign facility 
A) enforcing strict stipulations on cross-border transactions and joint ventures 
B) limiting the amount of net income or dividends that can be transferred to the home-country headquarters 
C) restricting the amount of earned income being re-invested in the foreign facility 
D) imposing restrictions on the distribution of products from the foreign facility

Question 13

Special interest groups serve the interests of particular countries, industries, or causes.

Accepted Answer

A) True 
 B)False

Question 14

Provide an overview of totalitarianism, socialism and democracy. Provide examples of nations which adhere to each system.

Accepted Answer

a. Under totalitarianism, the state atte

Question 15

One of the best sources of intelligence in the scanning process is employees working in foreign countries targeted for market entry

Accepted Answer

A) True 
 B)False

Question 16

Common law is more flexible than the other legal systems.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following is an element of socialism often found in democratic societies?

Accepted Answer

A) government subsidies for foreign firms 
B) government sponsored businesses 
C) government intervention in the affairs of individuals and firms 
D) government control of information technology 
A) government subsidies for foreign firms 
B) government sponsored businesses 
C) government intervention in the affairs of individuals and firms 
D) government control of information technology

Question 18

Which of the following types of organizations would wield the greatest power over a firm attempting to do business in Canada?

Accepted Answer

A) Canada's Ministry of Foreign Affairs 
B) World Trade Organization 
C) North American Free Trade Agreement 
D) Public Works and Government Services Canada 
A) Canada's Ministry of Foreign Affairs 
B) World Trade Organization 
C) North American Free Trade Agreement 
D) Public Works and Government Services Canada

Question 19

A(n)________ is a type of trade penalty imposed on one or more countries by one or more other countries.

Accepted Answer

A) confiscation 
B) expropriation 
C) subsidy 
D) sanction 
A) confiscation 
B) expropriation 
C) subsidy 
D) sanction

Question 20

Nationalization describes government seizure of an entire industry, with or without compensation.

Accepted Answer

A) True 
 B)False

Which of the following supports Country A over Country B?

An embargo is an official ban on exports to or imports from a particular country.

Common law can best be described as a system ________.

Which of the following terms refers to the existence of a legal system based on clear rules and fair enforcement?

Which of the following countries would Representative A most likely be from?

The three major types of current political systems are ________.

Which of the following is the most important issue to consider when determining the best entry strategy for Super Sports?

Which of the following is the underlying principle of socialism?

Which of the following supports a decision in favor of Super Sports opening a store in Norway?

A market economy is also called a centrally planned economy.

Totalitarianism's fundamental tenet is that capital and wealth should be vested in the state and used primarily as a means of production rather than for profit.

Income repatriation laws affect MNEs that earn profits in foreign countries by ________.

Special interest groups serve the interests of particular countries, industries, or causes.

Provide an overview of totalitarianism, socialism and democracy. Provide examples of nations which adhere to each system.

One of the best sources of intelligence in the scanning process is employees working in foreign countries targeted for market entry

Common law is more flexible than the other legal systems.

Which of the following is an element of socialism often found in democratic societies?

Which of the following types of organizations would wield the greatest power over a firm attempting to do business in Canada?

A(n)________ is a type of trade penalty imposed on one or more countries by one or more other countries.

Nationalization describes government seizure of an entire industry, with or 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

Which of the following supports Country A over Country B?

An embargo is an official ban on exports to or imports from a particular country.

Common law can best be described as a system ________.

Which of the following terms refers to the existence of a legal system based on clear rules and fair enforcement?

Which of the following countries would Representative A most likely be from?

The three major types of current political systems are ________.

Which of the following is the most important issue to consider when determining the best entry strategy for Super Sports?

Which of the following is the underlying principle of socialism?

Which of the following supports a decision in favor of Super Sports opening a store in Norway?

A market economy is also called a centrally planned economy.

Totalitarianism's fundamental tenet is that capital and wealth should be vested in the state and used primarily as a means of production rather than for profit.

Income repatriation laws affect MNEs that earn profits in foreign countries by ________.

Special interest groups serve the interests of particular countries, industries, or causes.

Provide an overview of totalitarianism, socialism and democracy. Provide examples of nations which adhere to each system.

One of the best sources of intelligence in the scanning process is employees working in foreign countries targeted for market entry

Common law is more flexible than the other legal systems.

Which of the following is an element of socialism often found in democratic societies?

Which of the following types of organizations would wield the greatest power over a firm attempting to do business in Canada?

A(n)________ is a type of trade penalty imposed on one or more countries by one or more other countries.

Nationalization describes government seizure of an entire industry, with or 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