Exam 5: The Political and Legal Environment

Code law differs from common law in that code law:

The WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS):

The charter of the United Nations allows for sanctions as an enforcement action by regional agencies.Which of the following is NOT an example of a regional agency?

State ownership of enterprise,lack of transparency,and no minority influence are characteristics of a _____ corporate governance regime.

Code law is based on tradition and depends less on written statutes than on precedent and custom.

Corporate governance frameworks ensure the board of directors' accountability to the company and its shareholders.

Boycotts place a tax on imports and raise prices.

The term "embargo" refers to products that are packaged in one country in a particular way,and then altered to fit the international marketplace in another country.

Explain the different problems encountered by policymakers when trying to administer import controls.

Which of the following is true about expropriation?

Many adverse governmental actions are a result of a host country's opposition to _____.

In making decisions about a firm's international marketing activities,managers will need to concentrate on the legal circumstances of the host country but not the home country.

Briefly explain the effects of terrorism on business.

Which of the following is a characteristic of a market-based corporate governance regime?

Voluntary restraint agreements are self-imposed restrictions aimed at avoiding punitive trade actions from the host.

Trade sanctions and embargoes can be used interchangeably.

Which act passed in 1977 made it a crime for U.S.firms to bribe foreign officials for business purposes?

As required by government mandate,anyone wishing to export a product from the United States needs a(n)_____.