Exam 3: Political Economy and Ethics

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

Shimmer and Sparkle is an American jewelry store which discovers that several shops in developing countries are selling counterfeited necklaces under their name and label.Which of the following problems are they facing?

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 finally settles upon Valmira because it has a stable business environment.Which of the following factors,if true,proves her decision to be a good one?

Discuss the factors that contributed to the collapse of centrally planned economies.

Describe four corporate responsibility issues and explain how these issues can impact a company's international relations.

Which of the following do governments impose upon people to help pay for the consequences of using a particular product?

Which of the following philosophies maintains that a company's sole responsibility is to maximize profits for its owners?

Which of the following terms is also used to refer to communism?

The segment of the economic environment comprising independently owned firms that seek to earn profits is called the ________.

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 is worried that San Tarino's demand that she must use locally available raw material and employ local workers might interfere with the quality and efficiency of her business.San Tarino,on the other hand,views this as a way to foster local business activity and lessen regional unemployment.What are these laws called?

What do communists and socialists have in common?

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

The most peaceful nations today are those that were never controlled and stabilized by colonial powers.

________ political systems include democracies,constitutional monarchies,and some aristocracies.

Konesia is a country whose political leaders do not tolerate opposing viewpoints and often suppress or punish dissidents.The lives of Konesians are tightly controlled by its rulers.Which of the following political systems prevails in the country?

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. -Stephanie also expects participants to ask: "Are the Chinese as formal and business-oriented as Americans are?" Which of the following would most likely be Stephanie's response?

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. -The first question that Stephanie expects participants to ask is: "Which is more important for the Chinese,contacts or contracts?" Which of the following is the most effective response Stephanie could give for this question?

Under ________,the government endorses private ownership of property and a market-based economy but grants little or no political freedom.

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,if true,demonstrates that Kirawi has an unstable business environment?

The ________ view says that a company should maintain its home-country ethics wherever it operates because the home-country's view of ethics and responsibility is superior to others' views.