Exam 6: Politics and Law

Confiscation is the government takeover of a company with compensation frequently at a level lower than the investment value of the company's assets.

_______ items,which are controlled by the Joint List of the European Union,are goods and services that are useful for both military and civilian purposes.

An embargo consists of a specific coercive trade measure that distorts the free flow of trade for an adversarial or political purpose.

Which industry or sector listed below is most likely to have price controls imposed upon its products or services?

Define and describe the different forms of political and economic risk.

________ is a legal perspective that is based on religious practices and interpretations.

Foreign availability is the degree to which products similar to those of a firm can be obtained in markets outside the firm's home country.

Explain the primary ways in which host governments can gain control over multinational corporations.

_________ is the degree to which products similar to those of a firm can be obtained in markets outside the firm's home country.

__________ are imposed on foreign investors in an effort to control multinational corporations and their capital.

The international political and legal environment can be broken down into three segments: the politics and laws of the home country,the politics and laws of the host country,and the bilateral and multilateral agreements,treaties,and laws governing relations between countries.

_________ refers to illegal and violent acts toward property and people.

Transfer risk is a form of political risk inherent in maintaining ownership of property abroad.

International law is the body of rules governing relationships between sovereign states.

________ occurs when a government demands for partial transfer of ownership and management responsibility from a foreign company to local entities,with or without compensation.

The _________ is an agreement that outlines procedures for filing one international patent application rather than several individual national applications.

__________ is the procedure for settling a dispute in which an objective third party hears both sides and makes a decision.

A(n)__________ is a forced change in a country's government,often resulting in attacks of foreign firms and policy changes by the new government.

A criminal offense in the U.S.but a way of life in other countries,________ is the use of payments or favors to obtain some right or benefit to which the briber has no legal right.

_________ law is based on tradition and the establishment of precedent and custom.