Question 1

Totalitarianism:

Accepted Answer

A)  refers to a political system in which government is by the people, exercised either directly or through elected representatives. 
B)  is based on a belief that citizens should be directly involved in decision making. 
C)  is a form of government in which one person or political party exercises absolute control over all spheres of human life. 
D)  is based on the idea that the welfare of society is best served by letting people pursue their own economic self-interests. 
A)  refers to a political system in which government is by the people, exercised either directly or through elected representatives. 
B)  is based on a belief that citizens should be directly involved in decision making. 
C)  is a form of government in which one person or political party exercises absolute control over all spheres of human life. 
D)  is based on the idea that the welfare of society is best served by letting people pursue their own economic self-interests.

Question 2

The legal rights over the use to which a resource is put and over the use made of any income that may be derived from that resource.

Accepted Answer

A)  Property rights 
B)  Public action 
C)  Intellectual rights 
D)  Private action 
A)  Property rights 
B)  Public action 
C)  Intellectual rights 
D)  Private action

Question 3

In Russia, in the chaotic period following the collapse of communism, an outdated legal system, coupled with a weak police force and judicial system, allowed the Russian Mafia to demand "protection money" from business owners. Any business owner who rebelled had to face violent retribution. This violation of property rights exemplifies _____.

Accepted Answer

A)  private action 
B)  copyright violation 
C)  infrastructural failure 
D)  public liability 
A)  private action 
B)  copyright violation 
C)  infrastructural failure 
D)  public liability

Question 4

A nation's legal system is usually of very little interest to international business managers, because international businesses are headquartered in different countries.

Accepted Answer

A) True 
 B)False

Question 5

The communists believed that socialism could be achieved by democratic means, and turned their backs on violent revolution and dictatorship.

Accepted Answer

A) True 
 B)False

Question 6

A theocratic law system is one in which the law is based on religious teachings.

Accepted Answer

A) True 
 B)False

Question 7

Discuss the ways in which public action to violate property rights can occur.

Accepted Answer

Public action to violate property rights

Question 8

Private action refers to:

Accepted Answer

A)  public officials extorting income, resources, or the property itself from property holders. 
B)  bribing government officials in foreign countries in an attempt to win lucrative contracts. 
C)  theft, piracy, blackmail, and the like by private individuals or groups. 
D)  violations of intellectual property rights. 
A)  public officials extorting income, resources, or the property itself from property holders. 
B)  bribing government officials in foreign countries in an attempt to win lucrative contracts. 
C)  theft, piracy, blackmail, and the like by private individuals or groups. 
D)  violations of intellectual property rights.

Totalitarianism:

The legal rights over the use to which a resource is put and over the use made of any income that may be derived from that resource.

A nation's legal system is usually of very little interest to international business managers, because international businesses are headquartered in different countries.

The communists believed that socialism could be achieved by democratic means, and turned their backs on violent revolution and dictatorship.

A theocratic law system is one in which the law is based on religious teachings.

Discuss the ways in which public action to violate property rights can occur.

Private action refers to:

Globalization

National Differences in Economic Development

Differences in Culture

Ethics, Corporate Social Responsibility, and Sustainability

International Trade Theory

Government Policy and International Trade

Foreign Direct Investment

Regional Trade Pacts Give the Mexican Auto Industry an Edge

The Foreign Exchange Market

The International Monetary System

The Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Exporting, Importing, and Countertrade

Global Production and Supply Chain Management

Global Marketing and RD

Global Human Resource Management

Accounting and Finance in the International Business

Filters

Exam 2: National Differences in Political Economy, and Legal Systems

Totalitarianism:

The legal rights over the use to which a resource is put and over the use made of any income that may be derived from that resource.

A nation's legal system is usually of very little interest to international business managers, because international businesses are headquartered in different countries.

The communists believed that socialism could be achieved by democratic means, and turned their backs on violent revolution and dictatorship.

A theocratic law system is one in which the law is based on religious teachings.

Discuss the ways in which public action to violate property rights can occur.

Private action refers to:

Globalization

National Differences in Economic Development

Differences in Culture

Ethics, Corporate Social Responsibility, and Sustainability

International Trade Theory

Government Policy and International Trade

Foreign Direct Investment

Regional Trade Pacts Give the Mexican Auto Industry an Edge

The Foreign Exchange Market

The International Monetary System

The Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Exporting, Importing, and Countertrade

Global Production and Supply Chain Management

Global Marketing and RD

Global Human Resource Management

Accounting and Finance in the International Business

Filters