Question 1

Pure Internet companies ________.

Accepted Answer

A)  can avoid local laws and politics since they do not have a physical presence in other countries 
B)  must adapt to local politics and law 
C)  are exempt from most local regulations because of their unique intangible nature 
D)  should act according to their own corporate culture, not the local environment 
A)  can avoid local laws and politics since they do not have a physical presence in other countries 
B)  must adapt to local politics and law 
C)  are exempt from most local regulations because of their unique intangible nature 
D)  should act according to their own corporate culture, not the local environment

Question 2

Scenario: Sid Maxwell
Sid Maxwell is head of legal affairs for Hudson Inc., a producer of animal figurines that include an embedded software program that makes animal sounds. Hudson is expanding its market to include parts of Asia and Maxwell is concerned about reports of software piracy in the region.
-Sid Maxwell is aware that all of the following statements are true EXCEPT ________.

Accepted Answer

A)  trademark protection typically last indefinitely 
B)  consumers benefit from trademarks because they know what to expect from a particular brand 
C)  pirated versions of trademarked products are always cheap and flawed imitations 
D)  trademarks are words or symbols that distinguish a product and its manufacturer 
A)  trademark protection typically last indefinitely 
B)  consumers benefit from trademarks because they know what to expect from a particular brand 
C)  pirated versions of trademarked products are always cheap and flawed imitations 
D)  trademarks are words or symbols that distinguish a product and its manufacturer

Question 3

Political systems can be characterized by ________.

Accepted Answer

A)  why people participate in them 
B)  the number of corruption charges brought forward by the judicial system 
C)  the geography and the environmental sciences of the country 
D)  who participates in them and to what extent they participate 
A)  why people participate in them 
B)  the number of corruption charges brought forward by the judicial system 
C)  the geography and the environmental sciences of the country 
D)  who participates in them and to what extent they participate

Question 4

Treaties concluded among several nations, each of which agrees to abide by treaty terms even if tensions develop, are called ________ agreements.

Accepted Answer

The answer of Treaties concluded among several nations, each of...

Question 5

________ are laws designed to prevent companies from fixing prices, sharing markets, and gaining unfair monopoly advantages.

Accepted Answer

Antitrust/

Question 6

Understanding the nature of politics and laws in other nations increases the risks of conducting international business.

Accepted Answer

A) True 
 B)False

Question 7

Pluralism is the belief that only individuals and private groups should control a nation's political activities.

Accepted Answer

A) True 
 B)False

Question 8

________ means government takeover of an entire industry.

Accepted Answer

The answer of ________ means government takeover of an entire...

Question 9

Intellectual property can be broadly classified as either ________ or ________.

Accepted Answer

A)  patents; trademarks 
B)  industrial property; copyrights 
C)  trademarks; industrial property 
D)  industrial property; patents 
A)  patents; trademarks 
B)  industrial property; copyrights 
C)  trademarks; industrial property 
D)  industrial property; patents

Question 10

A political system that is under the control of totalitarian religious leaders is called secular totalitarianism.

Accepted Answer

A) True 
 B)False

Question 11

No government agency insures internationally active U.S. companies against the effects of political risk.

Accepted Answer

A) True 
 B)False

Question 12

Under a ________ political system, religious leaders enforce laws and regulations based on religious beliefs.

Accepted Answer

The answer of Under a ________ political system, religious leaders...

Question 13

When a country's religious leaders are also its political leaders, its political system is called a theocracy.

Accepted Answer

A) True 
 B)False

Question 14

In ________, citizens vote directly on many national issues.

Accepted Answer

A)  Switzerland 
B)  Canada 
C)  Austria 
D)  Norway 
A)  Switzerland 
B)  Canada 
C)  Austria 
D)  Norway

Question 15

________ is the forced transfer of assets from a company to the government with compensation.

Accepted Answer

A)  Expropriation 
B)  Nationalization 
C)  Confiscation 
D)  Localization 
A)  Expropriation 
B)  Nationalization 
C)  Confiscation 
D)  Localization

Question 16

Internet companies can avoid adapting to local politics and laws.

Accepted Answer

A) True 
 B)False

Question 17

Secular totalitarianism can take all the following forms EXCEPT ________.

Accepted Answer

A)  communist totalitarianism 
B)  tribal totalitarianism 
C)  right-wing totalitarianism 
D)  republican totalitarianism 
A)  communist totalitarianism 
B)  tribal totalitarianism 
C)  right-wing totalitarianism 
D)  republican totalitarianism

Question 18

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.
-Should Sandy establish a daily routine traveling between the hotel and office?

Accepted Answer

A)  Yes, this will help her feel more comfortable in an unfamiliar environment. 
B)  No, kidnappers watch for daily routines. 
C)  Yes, typically there is little risk going to and from the office, particularly during daytime hours. 
D)  Perhaps, Sandy should explore different routes so she can tell her Colombian contacts how much she is enjoying her stay. 
A)  Yes, this will help her feel more comfortable in an unfamiliar environment. 
B)  No, kidnappers watch for daily routines. 
C)  Yes, typically there is little risk going to and from the office, particularly during daytime hours. 
D)  Perhaps, Sandy should explore different routes so she can tell her Colombian contacts how much she is enjoying her stay.

Question 19

Totalitarian leaders attempt to silence those with opposing political views.

Accepted Answer

A) True 
 B)False

Question 20

Secular totalitarianism takes three forms: communist, capitalist, and left-wing.

Accepted Answer

A) True 
 B)False

Pure Internet companies ________.

Political systems can be characterized by ________.

Treaties concluded among several nations, each of which agrees to abide by treaty terms even if tensions develop, are called ________ agreements.

________ are laws designed to prevent companies from fixing prices, sharing markets, and gaining unfair monopoly advantages.

Understanding the nature of politics and laws in other nations increases the risks of conducting international business.

Pluralism is the belief that only individuals and private groups should control a nation's political activities.

________ means government takeover of an entire industry.

Intellectual property can be broadly classified as either or .

A political system that is under the control of totalitarian religious leaders is called secular totalitarianism.

No government agency insures internationally active U.S. companies against the effects of political risk.

Under a ________ political system, religious leaders enforce laws and regulations based on religious beliefs.

When a country's religious leaders are also its political leaders, its political system is called a theocracy.

In ________, citizens vote directly on many national issues.

________ is the forced transfer of assets from a company to the government with compensation.

Internet companies can avoid adapting to local politics and laws.

Secular totalitarianism can take all the following forms EXCEPT ________.

Totalitarian leaders attempt to silence those with opposing political views.

Secular totalitarianism takes three forms: communist, capitalist, and left-wing.

Globalization

Cross-Cultrual Busines

Economic Systems and Development

International Trade

Business-Government Trade Relations

Foreign Direct Investment

Regional Economic Integration

International Financial Markets

International Money System

International Strategy and Organization

Analyzing International Opportunities

Selecting and Managing Entry Modes

Developing and Marketing Products

Managing International Operations

Hiring and Managing Employees

Filters

Exam 3: Politics, Law, and Business Ethics

Pure Internet companies ________.

Political systems can be characterized by ________.

Treaties concluded among several nations, each of which agrees to abide by treaty terms even if tensions develop, are called ________ agreements.

________ are laws designed to prevent companies from fixing prices, sharing markets, and gaining unfair monopoly advantages.

Understanding the nature of politics and laws in other nations increases the risks of conducting international business.

Pluralism is the belief that only individuals and private groups should control a nation's political activities.

________ means government takeover of an entire industry.

Intellectual property can be broadly classified as either ________ or ________.

A political system that is under the control of totalitarian religious leaders is called secular totalitarianism.

No government agency insures internationally active U.S. companies against the effects of political risk.

Under a ________ political system, religious leaders enforce laws and regulations based on religious beliefs.

When a country's religious leaders are also its political leaders, its political system is called a theocracy.

In ________, citizens vote directly on many national issues.

________ is the forced transfer of assets from a company to the government with compensation.

Internet companies can avoid adapting to local politics and laws.

Secular totalitarianism can take all the following forms EXCEPT ________.

Totalitarian leaders attempt to silence those with opposing political views.

Secular totalitarianism takes three forms: communist, capitalist, and left-wing.

Globalization

Cross-Cultrual Busines

Economic Systems and Development

International Trade

Business-Government Trade Relations

Foreign Direct Investment

Regional Economic Integration

International Financial Markets

International Money System

International Strategy and Organization

Analyzing International Opportunities

Selecting and Managing Entry Modes

Developing and Marketing Products

Managing International Operations

Hiring and Managing Employees

Filters

Intellectual property can be broadly classified as either or .