Exam 5: The Political and Legal Environment

Which of the following is true about export controls?

As firms become increasingly multinational,governments respond by increasing global cooperation to achieve the same principles of taxation and corporate ethics laws across nations.

Which of the following is true about common law?

If supply chains are complex and multinational,the effects of terrorism can potentially spread across the globe from an initially local focus.

Confiscation differs from domestication in that confiscation:

The relationships among stakeholders that determine and control the strategic direction and performance of an organization are called _____.

Expropriation is a term used to describe the U.S.government's investment in foreign technology with the intent to spur development of trade partners.

Bribing foreign officials in order to gain contracts is considered permissible in the United States.

_____ occurs when a government demands partial transfer of ownership and management responsibility and imposes regulations to ensure that a large share of the product is locally produced and a larger share of the profit is retained in the country.

Which of the following refers to a legal entitlement of exclusive rights to use an idea,piece of knowledge,or invention?

Which 2002 law protects investors by improving the accuracy and reliability of corporate disclosures,and also covers issues like corporate responsibility,financial transparency,and accounting oversight?

Which of the following statements about legal differences and restraints is true?

In the United States,the _____ excludes from antitrust prosecution those firms that are cooperating to develop foreign markets.

When firms refuse to do business with someone,often for political reasons,this is known as _____.

The phenomenon when buyers become uncertain about the state of their nation's economy,leading to a sharp reduction in demand for both consumer and industrial goods is known as _____.

Which of the following is NOT a method of controlling imports?

Political and legal factors often play critical roles in international marketing activities.

Events caused by factors outside the control of government include all of the following EXCEPT:

Laws that prohibit below-cost sales of products are known as _____ laws.

One key concern with trade sanctions is the fact that governments often consider them as being free of cost.