Exam 3: Political Economy and Ethics

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?

Product liability laws hold only manufacturers responsible for damage,injury,or death caused by defective products.

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

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 Kirawi,a democratic nation whose legal system is based on common law?

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?

Pluralism is a political system in which political leaders rely on military and bureaucratic power.

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

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

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.

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

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

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

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

Under ________ law,the justice system decides cases by interpreting the law on the basis of tradition,precedent,and usage.

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 factors should the legal experts of Wayne's consider while evaluating the legal systems of Paribo and Kirawi?

Renzi belongs to a country in which religion governs all aspects of his life,whether personal or public.He has to abide by a strict,rigid,code that dictates everything from the clothes he wears to the food he eats.Breaking away from these traditions is not an option since religion plays an important role in the functioning of the nation.What political system prevails in his country?

Product liability laws are those which ________.

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

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

Which of the following is an advantage of conducting business in totalitarian nations?