Question 1

Contrast common law,civil law,customary law,and theocratic law.

Accepted Answer

a.Common law-The United States and the U

Question 2

Compare and contrast the rule of law and the rule of man.

Accepted Answer

The rule of man has been around for mill

Question 3

Political risk insurance is more likely to be purchased by MNEs that apply an active approach to political risk management.

Accepted Answer

A) True 
 B)False

Question 4

Countries with a ________ legal system tend to encourage precise,detailed contracts,whereas countries with a ________ legal system tend to encourage shorter and less specific contracts.

Accepted Answer

A)  theocratic; mixed 
B)  common; civil 
C)  civil; customary 
D)  customary; common 
A)  theocratic; mixed 
B)  common; civil 
C)  civil; customary 
D)  customary; common

Question 5

In a totalitarian political system,________.

Accepted Answer

A)  political power resides with the citizens of the country 
B)  governments direct most economic activity but few social ones 
C)  an individualistic outlook shapes political debate and policy formation 
D)  one agent monopolizes political power 
A)  political power resides with the citizens of the country 
B)  governments direct most economic activity but few social ones 
C)  an individualistic outlook shapes political debate and policy formation 
D)  one agent monopolizes political power

Question 6

Local content regulations are primarily intended to ________.

Accepted Answer

A)  address cultural differences between local employees and expatriates 
B)  encourage MNEs to increase production activities in a country 
C)  address contract negotiation difficulties 
D)  assess local tax rates on MNEs 
A)  address cultural differences between local employees and expatriates 
B)  encourage MNEs to increase production activities in a country 
C)  address contract negotiation difficulties 
D)  assess local tax rates on MNEs

Question 7

International law takes precedence over national laws in determining permissible practices in pricing,distribution,advertising,and promotion of products and services in a particular country.

Accepted Answer

A) True 
 B)False

Question 8

Research indicates that democracy is declining around the world and that totalitarian regimes are increasing.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following statements best describes a pluralistic society?

Accepted Answer

A)  Multiple segments of society adhere to the same political philosophy. 
B)  Two dominant political parties rule local and federal governments. 
C)  Different ideologies are held by different segments of society. 
D)  Various ethnic groups belong to the official political party. 
A)  Multiple segments of society adhere to the same political philosophy. 
B)  Two dominant political parties rule local and federal governments. 
C)  Different ideologies are held by different segments of society. 
D)  Various ethnic groups belong to the official political party.

Question 10

Which of the following is NOT a component of modern legal systems?

Accepted Answer

A)  constitutional law 
B)  criminal law 
C)  commercial law 
D)  private law 
A)  constitutional law 
B)  criminal law 
C)  commercial law 
D)  private law

Question 11

According to EIU research,37% of the world's populations live in full democracies.

Accepted Answer

A) True 
 B)False

Question 12

________ refers to a political system in which government is organized by and accountable to the people.

Accepted Answer

A)  Totalitarianism 
B)  Fascism 
C)  Socialism 
D)  Democracy 
A)  Totalitarianism 
B)  Fascism 
C)  Socialism 
D)  Democracy

Question 13

The protection of intellectual property rights is very similar from country to country.

Accepted Answer

A) True 
 B)False

Question 14

The pushback against democracy has powered a rise in totalitarianism,a situation that is likely to include which of the following?

Accepted Answer

A)  increasing adoption of the principles of the rule of law 
B)  growing demands worldwide for greater fairness and justice in legal proceedings 
C)  increasing adoption of the principles of the rule of man 
D)  suppression of state-control in the direction of legal activities 
A)  increasing adoption of the principles of the rule of law 
B)  growing demands worldwide for greater fairness and justice in legal proceedings 
C)  increasing adoption of the principles of the rule of man 
D)  suppression of state-control in the direction of legal activities

Question 15

The rule of law holds that governmental authority is legitimately exercised only in accordance with written,publicly disclosed laws that have been appropriately adopted and which are enforced in keeping with established procedure.

Accepted Answer

A) True 
 B)False

Question 16

Wharton Enterprises,a U.S.firm,manufactures small kitchen appliances.The firm has recently developed an innovative blender design that Wharton executives anticipate being very profitable.Currently,Wharton has production facilities in the U.S.and China.Wharton executives are trying to determine where the new product should be manufactured.Which of the following best supports a decision to manufacture the new product in the U.S.instead of China?

Accepted Answer

A)  Intellectual property rights are strongly protected by U.S. patent laws. 
B)  A strategic marketing plan can be quickly developed in the U.S. 
C)  Contract enforcement is a simple process in the U.S. 
D)  The U.S. is experiencing an economic recession. 
A)  Intellectual property rights are strongly protected by U.S. patent laws. 
B)  A strategic marketing plan can be quickly developed in the U.S. 
C)  Contract enforcement is a simple process in the U.S. 
D)  The U.S. is experiencing an economic recession.

Question 17

The term collectivism refers to a system that stresses the primacy of societal goals over individual goals.

Accepted Answer

A) True 
 B)False

Question 18

What is procedural political risk? How does a nation's political and legal environment influence procedural risk for MNEs?

Accepted Answer

Procedural risk is associated with movin

Question 19

In some collectivist systems,such as Venezuela,politicians control media outlets and limit individual property rights in order to acquire power in the business environment.

Accepted Answer

A) True 
 B)False

Question 20

Societies that emphasize collectivism place the interests of individuals over the interests of the state.

Accepted Answer

A) True 
 B)False

Contrast common law,civil law,customary law,and theocratic law.

Compare and contrast the rule of law and the rule of man.

Political risk insurance is more likely to be purchased by MNEs that apply an active approach to political risk management.

Countries with a legal system tend to encourage precise,detailed contracts,whereas countries with a legal system tend to encourage shorter and less specific contracts.

In a totalitarian political system,________.

Local content regulations are primarily intended to ________.

International law takes precedence over national laws in determining permissible practices in pricing,distribution,advertising,and promotion of products and services in a particular country.

Research indicates that democracy is declining around the world and that totalitarian regimes are increasing.

Which of the following statements best describes a pluralistic society?

Which of the following is NOT a component of modern legal systems?

According to EIU research,37% of the world's populations live in full democracies.

________ refers to a political system in which government is organized by and accountable to the people.

The protection of intellectual property rights is very similar from country to country.

The pushback against democracy has powered a rise in totalitarianism,a situation that is likely to include which of the following?

The rule of law holds that governmental authority is legitimately exercised only in accordance with written,publicly disclosed laws that have been appropriately adopted and which are enforced in keeping with established procedure.

The term collectivism refers to a system that stresses the primacy of societal goals over individual goals.

What is procedural political risk? How does a nation's political and legal environment influence procedural risk for MNEs?

In some collectivist systems,such as Venezuela,politicians control media outlets and limit individual property rights in order to acquire power in the business environment.

Societies that emphasize collectivism place the interests of individuals over the interests of the state.

Globalization and International Business

The Cultural Environments Facing Business

The Economic Environments Facing Businesses

International Trade and Factor-Mobility Theory

Governmental Influence on Trade

Cross-National Cooperation and Agreements

Global Foreign-Exchange Markets

The Determination of Exchange Rates

Global Capital Markets

Globalization and Society

The Strategy of International Business

Country Evaluation and Selection

Export and Import

Direct Investment and Collaborative Strategies

The Organization of International Business

Marketing Globally

Global Manufacturing and Supply-Chain Management

International Accounting and Finance Issues

International Human Resource Management

Filters

Exam 3: The Political and Legal Environments Facing Business

Contrast common law,civil law,customary law,and theocratic law.

Compare and contrast the rule of law and the rule of man.

Political risk insurance is more likely to be purchased by MNEs that apply an active approach to political risk management.

Countries with a ________ legal system tend to encourage precise,detailed contracts,whereas countries with a ________ legal system tend to encourage shorter and less specific contracts.

In a totalitarian political system,________.

Local content regulations are primarily intended to ________.

International law takes precedence over national laws in determining permissible practices in pricing,distribution,advertising,and promotion of products and services in a particular country.

Research indicates that democracy is declining around the world and that totalitarian regimes are increasing.

Which of the following statements best describes a pluralistic society?

Which of the following is NOT a component of modern legal systems?

According to EIU research,37% of the world's populations live in full democracies.

________ refers to a political system in which government is organized by and accountable to the people.

The protection of intellectual property rights is very similar from country to country.

The pushback against democracy has powered a rise in totalitarianism,a situation that is likely to include which of the following?

The rule of law holds that governmental authority is legitimately exercised only in accordance with written,publicly disclosed laws that have been appropriately adopted and which are enforced in keeping with established procedure.

The term collectivism refers to a system that stresses the primacy of societal goals over individual goals.

What is procedural political risk? How does a nation's political and legal environment influence procedural risk for MNEs?

In some collectivist systems,such as Venezuela,politicians control media outlets and limit individual property rights in order to acquire power in the business environment.

Societies that emphasize collectivism place the interests of individuals over the interests of the state.

Globalization and International Business

The Cultural Environments Facing Business

The Economic Environments Facing Businesses

International Trade and Factor-Mobility Theory

Governmental Influence on Trade

Cross-National Cooperation and Agreements

Global Foreign-Exchange Markets

The Determination of Exchange Rates

Global Capital Markets

Globalization and Society

The Strategy of International Business

Country Evaluation and Selection

Export and Import

Direct Investment and Collaborative Strategies

The Organization of International Business

Marketing Globally

Global Manufacturing and Supply-Chain Management

International Accounting and Finance Issues

International Human Resource Management

Filters

Countries with a legal system tend to encourage precise,detailed contracts,whereas countries with a legal system tend to encourage shorter and less specific contracts.