Question 1

Which of the following is a feature of a democracy?

Accepted Answer

A)  Exercise of absolute control by one person or political party. 
B)  Governance by people or elected representatives. 
C)  Prohibition of entry to opposing political parties. 
D)  Complete restriction of individual political freedom. 
A)  Exercise of absolute control by one person or political party. 
B)  Governance by people or elected representatives. 
C)  Prohibition of entry to opposing political parties. 
D)  Complete restriction of individual political freedom.

Question 2

The TRIPS agreement was designed to:

Accepted Answer

A)  exclude China from all intellectual property agreements. 
B)  oversee a much stricter enforcement of intellectual property regulations. 
C)  hold a firm and its officers responsible when a product causes injury,death,or damage. 
D)  support traded software and recorded property among developed markets. 
A)  exclude China from all intellectual property agreements. 
B)  oversee a much stricter enforcement of intellectual property regulations. 
C)  hold a firm and its officers responsible when a product causes injury,death,or damage. 
D)  support traded software and recorded property among developed markets.

Question 3

The political systems of a country raise ethical issues that have implications for the practice of international business.

Accepted Answer

A) True 
 B)False

Question 4

Discuss collectivism.What ideals does the philosophy support? Where did the philosophy start? How does collectivism exist in the modern world?

Accepted Answer

A collectivist political system is one t

Question 5

Interdependent political,economic,and legal systems of a country make up its:

Accepted Answer

A)  administrative agenda. 
B)  socioeconomic fabric. 
C)  cultural environment. 
D)  political economy. 
A)  administrative agenda. 
B)  socioeconomic fabric. 
C)  cultural environment. 
D)  political economy.

Question 6

The Foreign Corrupt Practices Act does not allow for grease payments.

Accepted Answer

A) True 
 B)False

Question 7

When collectivism is emphasized,an individual's right to do something may be restricted on the grounds that it runs counter to "the good of society."

Accepted Answer

A) True 
 B)False

Question 8

Violation of property rights done through legal mechanisms such as levying excessive taxation and requiring expensive licenses or permits from property holders is called ________.

Accepted Answer

A)  private action 
B)  collective action 
C)  public action 
D)  copyright violation 
A)  private action 
B)  collective action 
C)  public action 
D)  copyright violation

Question 9

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 10

To facilitate international business,property rights are defined in a consistent way across countries.

Accepted Answer

A) True 
 B)False

Question 11

It is possible to have a totalitarian state that is hostile to collectivism and where some degree of individualism is encouraged.

Accepted Answer

A) True 
 B)False

Question 12

Peoples' right to protest on issues of accountability in public expenditure would be possible in a _____ political set-up.

Accepted Answer

A)  dictatorial 
B)  democratic 
C)  totalitarian 
D)  fascist 
A)  dictatorial 
B)  democratic 
C)  totalitarian 
D)  fascist

Question 13

The Trade Related Aspects of Intellectual Property Rights,attempts to reduce intellectual property protections to enhance trade.

Accepted Answer

A) True 
 B)False

Question 14

What is product liability?

Accepted Answer

Product liability involves holding a fir

Question 15

Why did Karl Marx criticize capitalism? Describe how he planned to correct those shortcomings.

Accepted Answer

Modern socialists trace their intellectu

Question 16

Why do command economies tend to stagnate?

Accepted Answer

The objective of a command economy is to

Question 17

Which of the following statements about individualism is NOT true?

Accepted Answer

A)  Individualism promotes private entrepreneurship. 
B)  Individualism promotes free market economics. 
C)  Individualism creates an anti-business environment. 
D)  Individualism advocates for a democratic political system. 
A)  Individualism promotes private entrepreneurship. 
B)  Individualism promotes free market economics. 
C)  Individualism creates an anti-business environment. 
D)  Individualism advocates for a democratic political system.

Question 18

In a totalitarian country,there are safeguards to protect an individual's right to freedom of expression,opinion,and organization.

Accepted Answer

A) True 
 B)False

Question 19

The ________ believed that socialism could be achieved only through violent revolution and totalitarian dictatorship.

Accepted Answer

A)  existentialists 
B)  social democrats 
C)  communists 
D)  anarchists 
A)  existentialists 
B)  social democrats 
C)  communists 
D)  anarchists

Question 20

Many of the world's larger trading nations,including Japan and the United Kingdom,have not ratified the United Nations Convention on Contracts for the International Sale of Goods (CIGS).

Accepted Answer

A) True 
 B)False

Which of the following is a feature of a democracy?

The TRIPS agreement was designed to:

The political systems of a country raise ethical issues that have implications for the practice of international business.

Discuss collectivism.What ideals does the philosophy support? Where did the philosophy start? How does collectivism exist in the modern world?

Interdependent political,economic,and legal systems of a country make up its:

The Foreign Corrupt Practices Act does not allow for grease payments.

When collectivism is emphasized,an individual's right to do something may be restricted on the grounds that it runs counter to "the good of society."

Violation of property rights done through legal mechanisms such as levying excessive taxation and requiring expensive licenses or permits from property holders is called ________.

Totalitarianism:

To facilitate international business,property rights are defined in a consistent way across countries.

It is possible to have a totalitarian state that is hostile to collectivism and where some degree of individualism is encouraged.

Peoples' right to protest on issues of accountability in public expenditure would be possible in a _____ political set-up.

The Trade Related Aspects of Intellectual Property Rights,attempts to reduce intellectual property protections to enhance trade.

What is product liability?

Why did Karl Marx criticize capitalism? Describe how he planned to correct those shortcomings.

Why do command economies tend to stagnate?

Which of the following statements about individualism is NOT true?

In a totalitarian country,there are safeguards to protect an individual's right to freedom of expression,opinion,and organization.

The ________ believed that socialism could be achieved only through violent revolution and totalitarian dictatorship.

Many of the world's larger trading nations,including Japan and the United Kingdom,have not ratified the United Nations Convention on Contracts for the International Sale of Goods (CIGS).

Globalization

Political Economy and Economic Development

Differences in Culture

Ethics in International Business

International Trade Theory

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

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, Outsourcing, and Logistics

Global Marketing and RD

Global Human Resource Management

Accounting and Finance in the International Business

Filters

Exam 2: National Differences in Political Economy

Which of the following is a feature of a democracy?

The TRIPS agreement was designed to:

The political systems of a country raise ethical issues that have implications for the practice of international business.

Discuss collectivism.What ideals does the philosophy support? Where did the philosophy start? How does collectivism exist in the modern world?

Interdependent political,economic,and legal systems of a country make up its:

The Foreign Corrupt Practices Act does not allow for grease payments.

When collectivism is emphasized,an individual's right to do something may be restricted on the grounds that it runs counter to "the good of society."

Violation of property rights done through legal mechanisms such as levying excessive taxation and requiring expensive licenses or permits from property holders is called ________.

Totalitarianism:

To facilitate international business,property rights are defined in a consistent way across countries.

It is possible to have a totalitarian state that is hostile to collectivism and where some degree of individualism is encouraged.

Peoples' right to protest on issues of accountability in public expenditure would be possible in a _____ political set-up.

The Trade Related Aspects of Intellectual Property Rights,attempts to reduce intellectual property protections to enhance trade.

What is product liability?

Why did Karl Marx criticize capitalism? Describe how he planned to correct those shortcomings.

Why do command economies tend to stagnate?

Which of the following statements about individualism is NOT true?

In a totalitarian country,there are safeguards to protect an individual's right to freedom of expression,opinion,and organization.

The ________ believed that socialism could be achieved only through violent revolution and totalitarian dictatorship.

Many of the world's larger trading nations,including Japan and the United Kingdom,have not ratified the United Nations Convention on Contracts for the International Sale of Goods (CIGS).

Globalization

Political Economy and Economic Development

Differences in Culture

Ethics in International Business

International Trade Theory

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

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, Outsourcing, and Logistics

Global Marketing and RD

Global Human Resource Management

Accounting and Finance in the International Business

Filters