Question 1

Which of the following is an example of a trademark infringement?

Accepted Answer

A) manufacturers who sell different versions of their own products in different countries 
B) manufacturers who sell counterfeit products under the names and logos of more famous brands 
C) a company which exports factory rejects to developing countries 
D) a company which sells products at half the price of their competitors

Question 2

________ is a legal system which is based on a detailed set of written rules and statutes that constitute a legal code.

Accepted Answer

A) International law 
B) Civil law 
C) Tribal law 
D) Common law

Question 3

Which of the following statements about representative democracies is true?

Accepted Answer

A) All citizens participate freely and actively in political processes. 
B) Leaders of representative democracies can stay in power indefinitely. 
C) Citizens elect individuals from political groups to act on their behalf. 
D) Representative democracies across the world share identical features.

Question 4

Which of the following terms is also used to refer to communism?

Accepted Answer

A) tribal totalitarianism 
B) right-wing totalitarianism 
C) left-wing totalitarianism 
D) civil totalitarianism

Question 5

________ are words or symbols that distinguish a product and its manufacturer from competitors.

Accepted Answer

A) Patents 
B) Trademarks 
C) Watermarks 
D) Copyrights

Question 6

________ is the belief that only individuals and private groups should control a nation's political activities.

Accepted Answer

A) Pluralism 
B) Anarchism 
C) Theocracy 
D) Totalitarianism

Question 7

________ is the layer of corporate social responsibility in which a business builds social responsibility into its core operations to create value and build competitive advantage.

Accepted Answer

A) Risk management 
B) Traditional philanthropy 
C) Strategic CSR 
D) Political polity

Question 8

Scenario: Common and Civil Law
Wayne's Computer Corporation is considering the possibility of building a new manufacturing facility in a foreign country in order to lower labor and production costs.The legal department of Wayne's has been evaluating Paribo and Kirawi-the two countries which are the top contenders for the new facility-carefully.
-Which of the following statements is true of Paribo,a democratic nation whose legal system is based on civil law?

Accepted Answer

A) The law is based on religious teachings and is enforced by the country's religious leaders. 
B) The law is flexible and its interpretations differ with situations. 
C) The law is based on a detailed set of written rules that constitute a legal code. 
D) The law is interpreted on the basis of tradition,precedent and usage.

Question 9

Among asset seizure approaches,expropriation is more common than confiscation and nationalization.

Accepted Answer

A) True 
 B)False

Question 10

The Foreign Corrupt Practices Act forbids U.S.companies from bribing government officials or political candidates in other nations.

Accepted Answer

A) True 
 B)False

Question 11

Explain the purpose of antitrust laws.How would the Friedman philosophy of corporate social responsibility most likely support a decision by a company to expand internationally into a country with weak antitrust laws? Include a description of the Friedman philosophy in your answer.

Accepted Answer

The answer of Explain the purpose of antitrust laws.How would...

Question 12

Which of the following philosophies maintains that a company should maximize "good" outcomes and minimize "bad" outcomes wherever it operates?

Accepted Answer

A) Friedman view 
B) righteous moralist view 
C) cultural relativist view 
D) utilitarian view

Question 13

Scenario: Susan Goes Global with Grape Fizz
Susan is the CEO of Grape Fizz,a global drinks-manufacturing company.She wishes to set up production facilities in other countries and has been advised to assess the political system of each country before she does so.
-Susan thinks that it would be easiest setting up production facilities in a country whose government leaders are elected directly by the wide participation of the people or by their representatives.Which of the following political systems should the country have?

Accepted Answer

A) anarchist 
B) democratic 
C) theocratic 
D) facist

Question 14

Totalitarian governments tend to favor private ownership of economic resources.

Accepted Answer

A) True 
 B)False

Question 15

Horizon Ltd.is a software company that,over the last year,incorporated social responsibility into its core operations to create value and build competitive advantage.Which layer of corporate social responsibility does Horizon Ltd.function at?

Accepted Answer

A) risk management 
B) traditional philanthropy 
C) strategic CSR 
D) political CSR

Question 16

Trademark protection typically lasts indefinitely,provided the word or symbol continues to be distinctive.

Accepted Answer

A) True 
 B)False

Question 17

Shimmer and Sparkle is an American jewellery store which discovers that several shops in developing countries are selling counterfeited necklaces under their name and label.Which of the following problems are they facing?

Accepted Answer

A) patent expiration 
B) trademark infringement 
C) copyright expiration 
D) monopolization

Question 18

________ is a political system in which political leaders rely on military and bureaucratic power to support their rule.

Accepted Answer

A) Secular totalitarianism 
B) Secular anarchism 
C) Theocratic totalitarianism 
D) Theocratic pluralism

Question 19

Describe the importance of a nation's legal system,and identify the main differences between the three main types of legal systems.

Accepted Answer

The answer of Describe the importance of a nation's legal...

Question 20

Product liability laws are those which ________.

Accepted Answer

A) provide consumers with a wide variety of products at fair prices 
B) add value to a product throughout its production and distribution 
C) protect people from defective products 
D) define the taxation on locally manufactured products

Exam 3: Politics, Law, and Business Ethics

Which of the following is an example of a trademark infringement?

________ is a legal system which is based on a detailed set of written rules and statutes that constitute a legal code.

Which of the following statements about representative democracies is true?

Which of the following terms is also used to refer to communism?

________ are words or symbols that distinguish a product and its manufacturer from competitors.

________ is the belief that only individuals and private groups should control a nation's political activities.

________ is the layer of corporate social responsibility in which a business builds social responsibility into its core operations to create value and build competitive advantage.

Among asset seizure approaches,expropriation is more common than confiscation and nationalization.

The Foreign Corrupt Practices Act forbids U.S.companies from bribing government officials or political candidates in other nations.

Explain the purpose of antitrust laws.How would the Friedman philosophy of corporate social responsibility most likely support a decision by a company to expand internationally into a country with weak antitrust laws? Include a description of the Friedman philosophy in your answer.

Which of the following philosophies maintains that a company should maximize "good" outcomes and minimize "bad" outcomes wherever it operates?

Totalitarian governments tend to favor private ownership of economic resources.

Horizon Ltd.is a software company that,over the last year,incorporated social responsibility into its core operations to create value and build competitive advantage.Which layer of corporate social responsibility does Horizon Ltd.function at?

Trademark protection typically lasts indefinitely,provided the word or symbol continues to be distinctive.

Shimmer and Sparkle is an American jewellery store which discovers that several shops in developing countries are selling counterfeited necklaces under their name and label.Which of the following problems are they facing?

________ is a political system in which political leaders rely on military and bureaucratic power to support their rule.

Describe the importance of a nation's legal system,and identify the main differences between the three main types of legal systems.

Product liability laws are those which ________.