Exam 3: Politics, Law, and Business Ethics

Which of the following is an example of a trademark infringement?

________ is a legal system which is based on a detailed set of written rules and statutes that constitute a legal code.

Which of the following statements about representative democracies is true?

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

________ are words or symbols that distinguish a product and its manufacturer from competitors.

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

________ 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.

Scenario: Common and Civil Law Wayne's Computer Corporation is considering the possibility of building a new manufacturing facility in a foreign country in order to lower labor and production costs.The legal department of Wayne's has been evaluating Paribo and Kirawi-the two countries which are the top contenders for the new facility-carefully. -Which of the following statements is true of Paribo,a democratic nation whose legal system is based on civil law?

Among asset seizure approaches,expropriation is more common than confiscation and nationalization.

The Foreign Corrupt Practices Act forbids U.S.companies from bribing government officials or political candidates in other nations.

Explain the purpose of antitrust laws.How would the Friedman philosophy of corporate social responsibility most likely support a decision by a company to expand internationally into a country with weak antitrust laws? Include a description of the Friedman philosophy in your answer.

Which of the following philosophies maintains that a company should maximize "good" outcomes and minimize "bad" outcomes wherever it operates?

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 thinks that it would be easiest setting up production facilities in a country whose government leaders are elected directly by the wide participation of the people or by their representatives.Which of the following political systems should the country have?

Totalitarian governments tend to favor private 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?

Trademark protection typically lasts indefinitely,provided the word or symbol continues to be distinctive.

Shimmer and Sparkle is an American jewellery 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?

________ is a political system in which political leaders rely on military and bureaucratic power to support their rule.

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

Product liability laws are those which ________.