Exam 2: The Political, Legal, and Technological Environment
What is biotechnology? Discuss some of the areas in which it has been used and is likely to be used.
Biotechnology is the integration of science and technology, but more specifically it is the creation of agricultural or medical products through industrial use and manipulation of living organisms.One area in which it has been used is medicine.While pharmaceutical companies mainly manufacture drugs through a process similar to that of organic chemistry, biotech companies attempt to discover genetic abnormalities or medicinal solutions through exploring organisms at the molecular level or formulating compounds from inorganic materials that mirror organic substances.Another aspect of biotech research is geared toward agriculture.Demand for ethanol in the United States is on the rise due to questionable future oil supplies, which has shifted the focus to corn.Using corn as a fuel alternative will not only increase the cost of the good but also create an imbalance between consumable corn and stock used for biofuel.Apart from crops, the meat industry can also benefit from this process.The outbreak of mad cow disease in Great Britain sparked concern when evidence of the disease spread throughout Western Europe; however, the collaborative work of researchers in the United States and Japan may have engineered a solution to the problem by eliminating the gene which is the predecessor to making the animal susceptible to this ailment.Hunger and poor health care is a worldwide issue and advancement in global biotechnology is working to raise the standards.
The totalitarian form of government is to be seen in:
D
One of the biggest impediments to attracting more foreign investment in Russia is:
C
Under the _____, all acts of other governments are considered to be valid by U.S.courts, even if such acts are inappropriate in the United States.
According to the text, a positive side of the opportunities that technology offers would be:
Trade agreements do not require that trade benefits accorded to one nation be extended to other nations' parties to that agreement.
Communism as an economic system has failed due to the tendency of common goals to stunt:
One reason for the rapid increase in telecommunications services is that many countries believe that without an efficient communications system, their economic growth may stall.
According to the text, the most popular form of e-business is:
The FCPA makes it illegal to influence foreign officials through the granting of favorable tariff rates.
_____ law comes from the Marxist socialist system and continues to influence regulations in former communist countries, especially those from the former Soviet Union, as well as present-day China, Vietnam, North Korea and Cuba.
Critics of the Foreign Corrupt Practices Act feared the loss of sales to foreign competitors, especially in those countries where:
Multinational corporations in China are faced with a multitude of problems except:
Low-paid workers in India and Asian countries now are being given subcontracted work such as:
The domestic and international political environment has a major impact on multinational corporations.
The _____ principle holds that every country has jurisdiction (authority or power) over its citizens no matter where they are located.
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