Exam 3: Political Economy and Ethics

The bureaucracy is the part of government that implements the rules and laws passed by elected representatives.

________ is the environmental impact of greenhouse gases (measured in units of carbon dioxide)that results from human activity.

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

In a market economy,access to alternative purchase options is known as ________.

Describe the three main types of economic systems.

What do communists and socialists have in common?

In a ________ government,the strongest political parties share power by dividing government responsibilities among themselves.

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?

________ is the layer of corporate social responsibility whereby a company develops a code of conduct that it will follow in its global operations and agrees to operate with greater transparency.

Incentives and rewards for individual business initiatives are an important aspect of collectivist cultures.

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

Explain each of the following terms,giving examples of each: patent,trademark,and copyright.

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

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

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?

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

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?

A value-added tax is a tax levied on each party that adds value to a product throughout its production and distribution.

Anarchism is the belief that every aspect of people's lives must be controlled in order for a nation's political system to be effective.

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