Exam 3: Politics, Law, and Business Ethics

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

One common government policy tool restricts ownership to only domestic companies or limits ownership by nondomestic firms to a minority stake.

When a country's religious leaders are also its political leaders, its political system is called a(n) ________.

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

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

Totalitarian political systems include authoritarian regimes such as communism and fascism.

A political system includes the structures, processes, and activities by which a nation governs itself.

Institutions such as freedom of expression, periodic elections, guaranteed civil and property rights, and minority rights are typical of which of the following type of government?

Describe the importance of a nation's legal system, and identify the main differences between the three main types of legal systems.

Pure democracy is a relatively new concept that arose following the breakup of Eastern Europe.

Asset seizures fall into three categories: confiscation, expropriation, and nationalization.

For practical reasons, most nations have resorted to "pure" democracy in which citizens elect individuals from their groups to represent their political needs and views.

Representative democracies strive to provide all of the following freedoms EXCEPT ________.

Conflict among races, religions, and ethnic groups is a source of political risk.

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. -Susan's personal political beliefs are congruent with those of a democracy. Which of the following political ideologies likely reflects Susan's beliefs?

Which of the following refers to the belief that every aspect of people's lives must be controlled for a nation's political system to be effective?

Events that can cause political risk include which of the following?

A theocratic law system is based on a detailed set of written rules and statutes that constitute a legal code.

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. -Global Trading just learned that the government in one country in which it does business has taken over the entire electric utility industry. The government's actions can be described as ________.

Governments use ________ to help pay for the consequences of using a particular product or to make imports more expensive.