Question 1

As exemplified in China, the government in a collectivist society is highly connected to and interdependent with business.

Accepted Answer

A) True 
 B)False

Question 2

A system of ________ law sets the framework for the system of government and defines the authority and procedure of political bodies to establish laws and regulations.

Accepted Answer

A) criminal 
B) constitutional 
C) civil 
D) commercial 
A) criminal 
B) constitutional 
C) civil 
D) commercial

Question 3

In a totalitarian political system, ________.

Accepted Answer

A) political power resides with the citizens of the country 
B) governments direct most economic activity but few social ones 
C) an individualistic outlook shapes political debate and policy formation 
D) one agent monopolizes political power 
A) political power resides with the citizens of the country 
B) governments direct most economic activity but few social ones 
C) an individualistic outlook shapes political debate and policy formation 
D) one agent monopolizes political power

Question 4

Local content regulations are primarily intended to ________.

Accepted Answer

A) address cultural differences between local employees and expatriates 
B) encourage MNEs to increase production activities in a country 
C) address contract negotiation difficulties 
D) assess local tax rates on MNEs 
A) address cultural differences between local employees and expatriates 
B) encourage MNEs to increase production activities in a country 
C) address contract negotiation difficulties 
D) assess local tax rates on MNEs

Question 5

In a democracy, ________.

Accepted Answer

A) citizens have the right to participate in the decision-making process 
B) the opportunity to truly participate in the political process is restricted to a select few 
C) the court system is directly supervised by the political system 
D) the rights of the individual are merged with the state 
A) citizens have the right to participate in the decision-making process 
B) the opportunity to truly participate in the political process is restricted to a select few 
C) the court system is directly supervised by the political system 
D) the rights of the individual are merged with the state

Question 6

Which of the following types of political risks often are caused by ethnic conflict or civil disorder and include those random political developments that adversely affect the operations of all companies in a country?

Accepted Answer

A) systemic political risk 
B) procedural political risk 
C) catastrophic political risk 
D) distributive political risk 
A) systemic political risk 
B) procedural political risk 
C) catastrophic political risk 
D) distributive political risk

Question 7

Recently, the Economist Intelligence Unit investigated the status of democracies around the globe.Relying on 60 indicators that focus on the performance of free elections, civil liberties, government functioning, political participation, and political culture in a country, the study found that ________.

Accepted Answer

A) almost all of the world's democracies are full democracies 
B) nearly half of the world's democracies qualify as "full" or "flawed" democracies 
C) less than a quarter of the countries studied are outright authoritarian regimes 
D) most democracies are hybrid political systems that share theocratic and totalitarian characteristics 
A) almost all of the world's democracies are full democracies 
B) nearly half of the world's democracies qualify as "full" or "flawed" democracies 
C) less than a quarter of the countries studied are outright authoritarian regimes 
D) most democracies are hybrid political systems that share theocratic and totalitarian characteristics

Question 8

Proponents of ________ argue that individual interests are not as important as the welfare of the group.

Accepted Answer

A) pluralism 
B) capitalism 
C) collectivism 
D) individualism 
A) pluralism 
B) capitalism 
C) collectivism 
D) individualism

Question 9

Which of the following was a notable trend in political systems during the second half of the 20th century and beginning of the 21st century?

Accepted Answer

A) A wave of democratic transformations occurred as countries around the world moved away from totalitarian systems. 
B) A wave of theocratic revolutions occurred as people around the world looked to spirituality to guide them. 
C) Socialistic revolutions swept the world as countries aspired toward greater social justice. 
D) A totalitarian revolution swept the world as people looked to strong state leadership in uncertain times. 
A) A wave of democratic transformations occurred as countries around the world moved away from totalitarian systems. 
B) A wave of theocratic revolutions occurred as people around the world looked to spirituality to guide them. 
C) Socialistic revolutions swept the world as countries aspired toward greater social justice. 
D) A totalitarian revolution swept the world as people looked to strong state leadership in uncertain times.

As exemplified in China, the government in a collectivist society is highly connected to and interdependent with business.

A system of ________ law sets the framework for the system of government and defines the authority and procedure of political bodies to establish laws and regulations.

In a totalitarian political system, ________.

Local content regulations are primarily intended to ________.

In a democracy, ________.

Which of the following types of political risks often are caused by ethnic conflict or civil disorder and include those random political developments that adversely affect the operations of all companies in a country?

Proponents of ________ argue that individual interests are not as important as the welfare of the group.

Which of the following was a notable trend in political systems during the second half of the 20th century and beginning of the 21st century?

Globalization and International Business

The Cultural Environments Facing Business

The Economic Environments Facing Businesses

Globalization and Society

International Trade and Factor-Mobility Theory

Governmental Influence on Trade

Cross-National Cooperation and Agreements

Global Foreign-Exchange Markets

The Determination of Exchange Rates

Global Capital Markets

The Strategy of International Business

Country Evaluation and Selection

Export and Import

Direct Investment and Collaborative Strategies

The Organization of International Business

Marketing Globally

Global Manufacturing and Supply Chain Management

International Accounting and Finance Issues

International Human Resource Management

Filters

Exam 3: The Political and Legal Environments Facing Business

As exemplified in China, the government in a collectivist society is highly connected to and interdependent with business.

A system of ________ law sets the framework for the system of government and defines the authority and procedure of political bodies to establish laws and regulations.

In a totalitarian political system, ________.

Local content regulations are primarily intended to ________.

In a democracy, ________.

Which of the following types of political risks often are caused by ethnic conflict or civil disorder and include those random political developments that adversely affect the operations of all companies in a country?

Proponents of ________ argue that individual interests are not as important as the welfare of the group.

Which of the following was a notable trend in political systems during the second half of the 20th century and beginning of the 21st century?

Globalization and International Business

The Cultural Environments Facing Business

The Economic Environments Facing Businesses

Globalization and Society

International Trade and Factor-Mobility Theory

Governmental Influence on Trade

Cross-National Cooperation and Agreements

Global Foreign-Exchange Markets

The Determination of Exchange Rates

Global Capital Markets

The Strategy of International Business

Country Evaluation and Selection

Export and Import

Direct Investment and Collaborative Strategies

The Organization of International Business

Marketing Globally

Global Manufacturing and Supply Chain Management

International Accounting and Finance Issues

International Human Resource Management

Filters