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. -Which of the following statements is true of Paribo,a democratic nation whose legal system is based on civil law?

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

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?

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?

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?

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

In a totalitarian system,rulers tightly control people's lives and do not tolerate opposing viewpoints.

The ________ view states that a company should adopt local ethics wherever it operates because all belief systems are determined within a cultural context.

Which of the following statements about representative democracies is true?

Central planning is rooted in the ideology that ________.

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.

Which of the following is a characteristic of totalitarian governments?

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?

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

Which of the following statements is true of a centrally planned economy?

Which of the following disagrees with the concept of centrally planned economies?

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?

________ refers to the takeover of an entire industry by the government.

Civil law can be more adversarial than common law because civil law relies more on the need to interpret laws according to tradition,precedent,and usage.

Pluralistic political systems include authoritarian regimes such as communism and fascism.