Exam 3: Political Economy and Ethics

________ is the layer of corporate social responsibility whereby a corporation donates money and,perhaps,employee time toward a specific social cause.

________ is a legal system which is based on a detailed set of written rules and statutes that constitute a legal code and it is also based on a codification of what is and is not permissible.

A legal tradition based on religious teachings is called ________ law.

Communists are socialists,but socialists are not necessarily communist.

Which of the following terms refers to an economic system in which the government owns and controls all types of economic activity?

In Country X,all dimensions of economic activity,including pricing and production decisions,are determined by the central government.Which term best describes Country X?

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 decides not to set up production facilities in Konesia because its business laws are vague and are often interpreted according to the convenience of the government.Bribery is a common feature in conducting business deals there and a refusal to pay up is not an option.What kind of government does Konesia have?

Totalitarian political systems include authoritarian regimes such as ________.

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

Which of the following is a disadvantage of conducting business in totalitarian nations?

Both Pat and Terry believe that social and economic equality can be obtained only by establishing an economic system in which the government owns and controls all types of economic activity.Which of the following statements proves that Pat is a communist and Terry is a socialist?

Developed nations have the toughest product liability laws,while developed countries have more relaxed laws.

Central planning is rooted in the ideology that ________.

In a totalitarian political system,________.

Totalitarian governments tend to favor government ownership of economic resources.

Horizon Ltd.is a software company that,over the last year,incorporated social responsibility into its core operations to create value and build competitive advantage.Which layer of corporate social responsibility does Horizon Ltd.function at?

Which of the following does the secondary footprint measure?

A ________ is a political system in which a country's religious leaders serve as its political leaders.

A ________ is a political system in which government leaders are elected directly by the wide participation of the people or by their representatives.

________ is the layer of corporate social responsibility in which a business builds social responsibility into its core operations to create value and build competitive advantage.