Question 1

The _____ refers to the internalized,taken for granted values and beliefs that guide individual and firm behavior.

Accepted Answer

A)  normative pillar 
B)  regulatory pillar 
C)  cognitive pillar 
D)  formal pillar 
A)  normative pillar 
B)  regulatory pillar 
C)  cognitive pillar 
D)  formal pillar

Question 2

Outline the differences between democracy and totalitarianism.

Accepted Answer

Democracy is a political system in which

Question 3

Economic systems are examples of formal institutions.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following economies would be characterized as having a laissez faire policy?

Accepted Answer

A)  Pure market economy 
B)  Mixed economy 
C)  Command economy 
D)  Socialist economy 
A)  Pure market economy 
B)  Mixed economy 
C)  Command economy 
D)  Socialist economy

Question 5

According to the institution-based view,managers and firms make choices outside institutional constraints.

Accepted Answer

A) True 
 B)False

Question 6

Totalitarian countries have less political risk than democratic ones.

Accepted Answer

A) True 
 B)False

Question 7

A fundamental aspect of _____ is that it effectively conducts global business by providing an individual the right to freedom of expression and organization.

Accepted Answer

A)  communist totalitarianism 
B)  right-wing totalitarianism 
C)  democracy 
D)  theocracy 
A)  communist totalitarianism 
B)  right-wing totalitarianism 
C)  democracy 
D)  theocracy

Question 8

Which of the following is true of a command economy?

Accepted Answer

A)  All factors of production are privately owned. 
B)  The government only performs those functions that the private sector cannot perform. 
C)  It does not allow private entrepreneurship. 
D)  It strictly follows the doctrine of laissez faire. 
A)  All factors of production are privately owned. 
B)  The government only performs those functions that the private sector cannot perform. 
C)  It does not allow private entrepreneurship. 
D)  It strictly follows the doctrine of laissez faire.

Question 9

Civil law uses comprehensive statutes and codes as a primary means to form legal judgments.

Accepted Answer

A) True 
 B)False

Question 10

In a command economy,all factors of production should be government-owned or state-owned.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is true of the common law system?

Accepted Answer

A)  It is the oldest legal system in the world. 
B)  It has spread to all English-speaking countries and their (former) colonies. 
C)  It bases its legal judgment primarily on the dominant religion of the country. 
D)  It does not allow interpretations of the law by judges. 
A)  It is the oldest legal system in the world. 
B)  It has spread to all English-speaking countries and their (former) colonies. 
C)  It bases its legal judgment primarily on the dominant religion of the country. 
D)  It does not allow interpretations of the law by judges.

Question 12

A copyright is an example of an intellectual property.

Accepted Answer

A) True 
 B)False

Question 13

Define political risk.How is it related to nationalization?

Accepted Answer

Political risk is risk associated with p

Question 14

The main supportive pillars of the informal institutions are _____.

Accepted Answer

A)  normative and cognitive 
B)  regulatory and normative 
C)  regulatory, normative, and cognitive 
D)  cognitive and regulatory 
A)  normative and cognitive 
B)  regulatory and normative 
C)  regulatory, normative, and cognitive 
D)  cognitive and regulatory

Question 15

Trademarks are legal rights awarded by government authorities to inventors of new products or processes.

Accepted Answer

A) True 
 B)False

Question 16

What are the two core propositions of the institution-based view?

Accepted Answer

The first core proposition of the instit

Question 17

For which of the following types of economies would the factors of production depend on the relative distribution of market forces versus command forces?

Accepted Answer

A)  Mixed economy 
B)  Pure market economy 
C)  Strict laissez faire economy 
D)  Command economy 
A)  Mixed economy 
B)  Pure market economy 
C)  Strict laissez faire economy 
D)  Command economy

Question 18

The TRIPS system was designed to _____.

Accepted Answer

A)  create IP rights that adhered to the norms of individual countries 
B)  force firms to enforce IP rights through an informal system 
C)  make sure that firms follow theocratic laws 
D)  force firms to innovate while strictly adhering to IPR guidelines 
A)  create IP rights that adhered to the norms of individual countries 
B)  force firms to enforce IP rights through an informal system 
C)  make sure that firms follow theocratic laws 
D)  force firms to innovate while strictly adhering to IPR guidelines

Question 19

Which of the following would be considered an example of intellectual property rights?

Accepted Answer

A)  Rights associated with ownership of vehicles 
B)  Rights associated with ownership of trademarks 
C)  Rights associated with ownership of buildings 
D)  Rights associated with ownership of business contracts 
A)  Rights associated with ownership of vehicles 
B)  Rights associated with ownership of trademarks 
C)  Rights associated with ownership of buildings 
D)  Rights associated with ownership of business contracts

Question 20

_____ is a long-standing legal doctrine that excuses firms from living up to the terms of a deal in the event of natural disasters or other calamities.

Accepted Answer

A)  De minimis 
B)  Nolo contendere 
C)  Force majeure 
D)  Travaux préparatoires 
A)  De minimis 
B)  Nolo contendere 
C)  Force majeure 
D)  Travaux préparatoires

The _____ refers to the internalized,taken for granted values and beliefs that guide individual and firm behavior.

Outline the differences between democracy and totalitarianism.

Economic systems are examples of formal institutions.

Which of the following economies would be characterized as having a laissez faire policy?

According to the institution-based view,managers and firms make choices outside institutional constraints.

Totalitarian countries have less political risk than democratic ones.

A fundamental aspect of _____ is that it effectively conducts global business by providing an individual the right to freedom of expression and organization.

Which of the following is true of a command economy?

Civil law uses comprehensive statutes and codes as a primary means to form legal judgments.

In a command economy,all factors of production should be government-owned or state-owned.

Which of the following is true of the common law system?

A copyright is an example of an intellectual property.

Define political risk.How is it related to nationalization?

The main supportive pillars of the informal institutions are _____.

Trademarks are legal rights awarded by government authorities to inventors of new products or processes.

What are the two core propositions of the institution-based view?

For which of the following types of economies would the factors of production depend on the relative distribution of market forces versus command forces?

The TRIPS system was designed to _____.

Which of the following would be considered an example of intellectual property rights?

_____ is a long-standing legal doctrine that excuses firms from living up to the terms of a deal in the event of natural disasters or other calamities.

Globalizing Business

Emphasizing Informal Institutions: Cultures, Ethics, and Norms

Leveraging Resources and Capabilities

Trading Internationally

Investing Abroad Directly

Dealing with Foreign Exchange

Capitalizing on Global and Regional Integration

Growing and Internationalizing the Entrepreneurial Firm

Entering Foreign Markets

Managing Global Competitive Dynamics

Making Alliances and Acquisitions Work

Strategizing,Structuring,and Learning around the World

Competing on Marketing and Supply Chain Management

Managing Human Resources Globally

Financing and Governing the Corporation Globally

Managing Corporate Social Responsibility Globally

Filters

Exam 2: Understanding Formal Institutions: Politics, Laws, and Economics

The _____ refers to the internalized,taken for granted values and beliefs that guide individual and firm behavior.

Outline the differences between democracy and totalitarianism.

Economic systems are examples of formal institutions.

Which of the following economies would be characterized as having a laissez faire policy?

According to the institution-based view,managers and firms make choices outside institutional constraints.

Totalitarian countries have less political risk than democratic ones.

A fundamental aspect of _____ is that it effectively conducts global business by providing an individual the right to freedom of expression and organization.

Which of the following is true of a command economy?

Civil law uses comprehensive statutes and codes as a primary means to form legal judgments.

In a command economy,all factors of production should be government-owned or state-owned.

Which of the following is true of the common law system?

A copyright is an example of an intellectual property.

Define political risk.How is it related to nationalization?

The main supportive pillars of the informal institutions are _____.

Trademarks are legal rights awarded by government authorities to inventors of new products or processes.

What are the two core propositions of the institution-based view?

For which of the following types of economies would the factors of production depend on the relative distribution of market forces versus command forces?

The TRIPS system was designed to _____.

Which of the following would be considered an example of intellectual property rights?

_____ is a long-standing legal doctrine that excuses firms from living up to the terms of a deal in the event of natural disasters or other calamities.

Globalizing Business

Emphasizing Informal Institutions: Cultures, Ethics, and Norms

Leveraging Resources and Capabilities

Trading Internationally

Investing Abroad Directly

Dealing with Foreign Exchange

Capitalizing on Global and Regional Integration

Growing and Internationalizing the Entrepreneurial Firm

Entering Foreign Markets

Managing Global Competitive Dynamics

Making Alliances and Acquisitions Work

Strategizing,Structuring,and Learning around the World

Competing on Marketing and Supply Chain Management

Managing Human Resources Globally

Financing and Governing the Corporation Globally

Managing Corporate Social Responsibility Globally

Filters