Question 1

The number of command economies has fallen dramatically since the demise of communism in the late 1980s.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following areas of international trade is regulated by the Foreign Corrupt Practices Act?

Accepted Answer

A)  Making and performance of commercial contracts in international trade. 
B)  Preventing bribery and unethical acts in the conduct of international business. 
C)  Establishing a set of safety standards to which a new product must adhere. 
D)  Controlling the mafia activity that hinders trade in Russia,Japan,and the U.S. 
A)  Making and performance of commercial contracts in international trade. 
B)  Preventing bribery and unethical acts in the conduct of international business. 
C)  Establishing a set of safety standards to which a new product must adhere. 
D)  Controlling the mafia activity that hinders trade in Russia,Japan,and the U.S.

Question 3

Patents,copyrights,and trademarks establish ownership rights over intellectual property.

Accepted Answer

A) True 
 B)False

Question 4

In practical terms,individualism translates into an advocacy for democratic political systems and market economics.

Accepted Answer

A) True 
 B)False

Question 5

It is possible to have a democratic political system that emphasizes a mix of collectivism and individualism.

Accepted Answer

A) True 
 B)False

Question 6

The political,economic,and legal environments of a country influence the attractiveness of that country as a market or investment site.

Accepted Answer

A) True 
 B)False

Question 7

An economy in which the interaction of supply and demand determines the quantity in which goods and services are produced is called a _____.

Accepted Answer

A)  planned economy 
B)  command economy 
C)  closed economy 
D)  market economy 
A)  planned economy 
B)  command economy 
C)  closed economy 
D)  market economy

Question 8

In a pure market economy:

Accepted Answer

A)  all productive activities are owned by the state. 
B)  production is determined by the interaction of supply and demand. 
C)  collectivist goals are given priority over individual goals. 
D)  the prices at which goods are sold is determined by the government. 
A)  all productive activities are owned by the state. 
B)  production is determined by the interaction of supply and demand. 
C)  collectivist goals are given priority over individual goals. 
D)  the prices at which goods are sold is determined by the government.

Question 9

A _____ grants the inventor of a new product or process exclusive rights for a defined period of time to the manufacture,use,or sale of that invention.

Accepted Answer

A)  copyright 
B)  trademark 
C)  contract 
D)  patent 
A)  copyright 
B)  trademark 
C)  contract 
D)  patent

Question 10

Design and names by which merchants or manufacturers designate and differentiate their products are known as _____.

Accepted Answer

A)  trademarks 
B)  copyrights 
C)  patents 
D)  licenses 
A)  trademarks 
B)  copyrights 
C)  patents 
D)  licenses

Question 11

Which of the following statements about the Trade Related Aspects of Intellectual Property Rights (or TRIPS)agreement is NOT true?

Accepted Answer

A)  It was designed to oversee enforcement of much stricter intellectual property regulations,beginning in 1995. 
B)  It obliged WTO members to grant and enforce patents lasting at least 20 years and copyrights lasting 50 years. 
C)  It directed rich countries to comply with its rules of intellectual property protection within five years. 
D)  It provided the very poorest countries 10 years to comply with its rules of intellectual property protection. 
A)  It was designed to oversee enforcement of much stricter intellectual property regulations,beginning in 1995. 
B)  It obliged WTO members to grant and enforce patents lasting at least 20 years and copyrights lasting 50 years. 
C)  It directed rich countries to comply with its rules of intellectual property protection within five years. 
D)  It provided the very poorest countries 10 years to comply with its rules of intellectual property protection.

Question 12

Explain the differences between common law and civil law systems by the approach of each to contract law.

Accepted Answer

Contracts drafted under a common law fra

Question 13

What is a country's legal system? Why is it important to international businesses?

Accepted Answer

The legal system of a country refers to

Question 14

Which of the following is NOT an example of intellectual property?

Accepted Answer

A)  A music score 
B)  A video game 
C)  A software business 
D)  A screenplay 
A)  A music score 
B)  A video game 
C)  A software business 
D)  A screenplay

Question 15

Compare and contrast a pure democracy and a representative democracy.Which type of democracy is more common today? Why?

Accepted Answer

The pure form of democracy is based on a

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

Public action to violate property rights

The number of command economies has fallen dramatically since the demise of communism in the late 1980s.

Which of the following areas of international trade is regulated by the Foreign Corrupt Practices Act?

Patents,copyrights,and trademarks establish ownership rights over intellectual property.

In practical terms,individualism translates into an advocacy for democratic political systems and market economics.

It is possible to have a democratic political system that emphasizes a mix of collectivism and individualism.

The political,economic,and legal environments of a country influence the attractiveness of that country as a market or investment site.

An economy in which the interaction of supply and demand determines the quantity in which goods and services are produced is called a _____.

In a pure market economy:

A _____ grants the inventor of a new product or process exclusive rights for a defined period of time to the manufacture,use,or sale of that invention.

Design and names by which merchants or manufacturers designate and differentiate their products are known as _____.

Which of the following statements about the Trade Related Aspects of Intellectual Property Rights (or TRIPS)agreement is NOT true?

Explain the differences between common law and civil law systems by the approach of each to contract law.

What is a country's legal system? Why is it important to international businesses?

Which of the following is NOT an example of intellectual property?

Compare and contrast a pure democracy and a representative democracy.Which type of democracy is more common today? Why?

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.

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

The number of command economies has fallen dramatically since the demise of communism in the late 1980s.

Which of the following areas of international trade is regulated by the Foreign Corrupt Practices Act?

Patents,copyrights,and trademarks establish ownership rights over intellectual property.

In practical terms,individualism translates into an advocacy for democratic political systems and market economics.

It is possible to have a democratic political system that emphasizes a mix of collectivism and individualism.

The political,economic,and legal environments of a country influence the attractiveness of that country as a market or investment site.

An economy in which the interaction of supply and demand determines the quantity in which goods and services are produced is called a _____.

In a pure market economy:

A _____ grants the inventor of a new product or process exclusive rights for a defined period of time to the manufacture,use,or sale of that invention.

Design and names by which merchants or manufacturers designate and differentiate their products are known as _____.

Which of the following statements about the Trade Related Aspects of Intellectual Property Rights (or TRIPS)agreement is NOT true?

Explain the differences between common law and civil law systems by the approach of each to contract law.

What is a country's legal system? Why is it important to international businesses?

Which of the following is NOT an example of intellectual property?

Compare and contrast a pure democracy and a representative democracy.Which type of democracy is more common today? Why?

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.

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