Exam 3: Political Economy and Ethics

On a recent trip to Hong Kong,a group of tourists found several Prada bags being sold on the pavement.They cost only a few dollars and were clearly fake; though they bore the Prada trademark.This is an example of ________.

Scenario: Stephanie Wong Stephanie Wong, a Chinese-American, owns a consultancy that advises clients on strategies for business expansions into China. Wong is to lead a symposium for small and mid-sized exporters who are planning on expanding their businesses in China. Therefore, she is preparing answers in advance for questions that symposium participants would most likely ask. -Which of the following statements is true of Paribo,a democratic nation whose legal system is based on civil law?

Which of the following philosophies asserts that ownership of the means of production belongs in the hands of individuals and private businesses?

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

Which of the following functions does a copyright perform?

Compare and contrast two prevalent political systems: totalitarianism and democracy,and explain how a country's political system influences its legal system.

The cultural relativist view says that a company's sole responsibility is to maximize profits for its owners while operating within the law.

Discuss the challenges China faces as it continues its experiment on "socialism with Chinese characteristics."

Explain each of the following terms,giving examples of each: patent,trademark,and copyright.

A ________ is a right granted to the inventor of a product or process that excludes others from making,using,or selling the invention.

The government maintains control over the banking industry in a country.Which of the following is most likely true if the country has a mixed economy?

In ________ cultures,economic systems tend to provide incentives and rewards for a person's private business initiatives.

________ is based on the cumulative wisdom of judges' decisions on individual cases through history.

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

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

Scenario: Susan Goes Global with Grape Fizz Susan is the CEO of Grape Fizz, a global drinks-manufacturing company. She wishes to set up production facilities in other countries and has been advised to assess the political system of each country before she does so. -Susan also decides not to set up production facilities in Margazo,a country which functions by a strict set of religious tenets,because some of them contradict her company's work policy.Expecting potential employees to break away from these traditions is not an option since religion plays an important role in the functioning of the nation.What kind of political system prevails in Margazo?

Scenario: Stephanie Wong Stephanie Wong, a Chinese-American, owns a consultancy that advises clients on strategies for business expansions into China. Wong is to lead a symposium for small and mid-sized exporters who are planning on expanding their businesses in China. Therefore, she is preparing answers in advance for questions that symposium participants would most likely ask. -Another question that Stephanie anticipates concerns the acceptability of certain topics of discussion like: "Should we avoid discussing our families and spouses?" Which of the following represents the most effective response to this question?

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

Which of the following statements referring to intellectual property rights and violations is INCORRECT?

________ measures the indirect carbon dioxide emissions from the whole life cycle of products-from their manufacture to eventual breakdown.