Exam 3: Politics, Law, and Business Ethics

Hindu law is the most widely practiced theocratic legal system today.

Macro political risk threatens companies within a particular industry or even smaller groups.

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. -Had the government taken over (with compensation) the assets of Global Trading but not those of any other company, the government's actions would be called ________.

The United Nations ________ is responsible for ensuring international peace and security.

________ are not legal questions and there are no right or wrong answers; only alternatives.

Experts agree that the best investment a company can make against kidnapping is to buy kidnap, ransom, and extortion insurance.

________ risk threatens all companies, domestic and international, regardless of industry.

Ethical dilemmas are similar to legal questions in that there are clear-cut right and wrong behaviors in every international business situation.

Uniformity in interpreting and applying laws in more than one country is known as ________.

The U.S. legal system is based largely on ________.

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

The belief that social and economic equality can be obtained only by establishing an all-powerful Communist Party and by granting the government ownership and control over all types of economic activity is called ________.

Which of the following includes the structures, processes, and activities by which a nation governs itself?

Discuss the increased significance of social responsibility for international companies today.

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 is considering whether to take her assignment in China and knows that the Chinese political system is currently a ________.

Copyrights are protected under the Geneva Convention and the 2004 Universal Copyright Convention.

In reality, there is very little difference between a pure democracy and a representative democracy.

Which of the following is NOT a reason why pure democracy remains an ideal rather than a workable system?

The 20-year term granted for patents by the World Trade Organizations begins when a patent is finally granted, not when its application is filed with a country's patent office.

Explain why nations impose local content requirements, and how such requirements can jeopardize a firm's long-term survival.