Exam 3: Politics, Law, and Business Ethics

While bribery is a serious crime in some countries, it is an expected way of doing business in other countries.

In a totalitarian system, individuals govern without the support of the people, tightly control people's lives, and do not tolerate opposing viewpoints.

Trademark protection typically lasts indefinitely, provided the word or symbol continues to be distinctive.

The likelihood that a society will undergo political change that negatively affects local business activity is called ________.

Localization entails modifying operations, the product mix, or some other business element to suit local tastes and culture.

Describe the three categories of property seizure and explain why governments might take such actions. Give examples of each category.

Asset seizure falls into all of the following categories EXCEPT ________.

Totalitarian governments tend to share all of these features EXCEPT ________.

________ occurs when people who are capable of influencing the political system make an effort to do so.

In a legal sense, standardization refers to uniformity in interpreting and applying laws in more than one country, not to the standardizing of entire legal systems.

The devotion of a people to their nation's interests and advancement is called ________.

A system whereby the government endorses private ownership of property and a market-based economy but grants few if any political freedoms is called ________.

Scenario: Risky Business Global Trading, LLC is a distributor of computer software and hardware, steel and copper scrap, and telephone and electric utility equipment. Involved in three very different types of industries, the company faces many types of risks in its global business. -Which of these techniques could have potentially helped Global Trading in managing such a risk?

Scenario: Sandy Smith Goes to Colombia Sandy Smith, vice president of marketing for a large consumer products company, will soon travel to Colombia to spearhead an effort to increase her company's presence there. Sandy is concerned about her safety and has contacted a risk-assessment service for advice. -How should Sandy handle her money?

Bureaucracy is the part of the government that implements the rules and laws passed by elected representatives.

Which of the following legal systems is based on a detailed set of written rules and statutes that constitute a legal code?

The United Nations body most directly involved with international business issues is the ________.

Scenario: Susan Goes Global with R&R Susan Smith works in marketing at Reconditioned Refrigerators (R&R), a global manufacturing company. Susan knows that to advance into upper management she must gain broader experience and was recently told that she can choose from several locations in which R&R is active for her first international assignment. Susan knows little about other nations, their cultures, and their political systems, so she has embarked on an ambitious research project to make an informed decision. -If Susan chooses a nation in which representative democracy prevails, she knows the country will strive to guarantee all of the following freedoms EXCEPT ________.

Most nations have resorted to ________ in which citizens nominate individuals from their groups to represent their political needs and views.

A "pure" form of totalitarianism is entirely possible.