Question 1

______________________ are country-based political trade controls.

Accepted Answer

A)  Embargoes and sanctions
B)  Nontariff barriers
C)  Taxing imports
D)  Taxing exports
E)  Tariffs A

Question 2

______________________ refers to ideas that are translated into tangible products, writings,and so on,and that are protected by the state for a limited period of time
From unauthorized commercial exploitation.

Accepted Answer

A)  A copyright
B)  A trademark
C)  A trade secret
D)  Intellectual property
E)  A patent D

Question 3

A country that follows common law as its primary system is:

Accepted Answer

A)  France.
B)  the United States.
C)  Iraq.
D)  Egypt.
E)  Mexico. B

Question 4

___________________ restrict all trade with a nation for political purposes.

Accepted Answer

The answer of ___________________ restrict all trade with a nation...

Question 5

MITI stands for:

Accepted Answer

A)  Ministry of International Travel & Industry.
B)  Ministry of International Trade & Industry.
C)  Ministry of International Tourism & Industry.
D)  Ministry of International Testing & Industry.
E)  Ministry of International Telegraph & Industry.

Question 6

The International Court of Justice was established by the ____________________ to settle international conflicts between nations,not between individual parties and
Companies.

Accepted Answer

A)  United Nations
B)  Asian Development Bank
C)  International Labor Organization
D)  International Monetary Fund
E)  World Bank

Question 7

An example of the dual-party system in operation is found in:

Accepted Answer

A)  Mexico
B)  Britain
C)  India
D)  Pakistan
E)  Japan

Question 8

Civil laws regulating business contracts and transactions are usually called:

Accepted Answer

A)  business law.
B)  code law.
C)  confederation law.
D)  commercial law.
E)  contract law.

Question 9

______________ Institutional Revolutionary Party had controlled the country for 70 years.

Accepted Answer

A)  Italy's
B)  Great Britain's
C)  India's
D)  Ireland's
E)  Mexico's

Question 10

An example of a direct government subsidy by the United States to meet foreign competition would be:

Accepted Answer

A)  Microsoft.
B)  COMECON.
C)  The Tennessee Valley Authority.
D)  BART in California.
E)  SEMATECH (Semiconductor Manufacturing Technology) .

Question 11

_______________ by a government is an outright takeover of a business's assets
without compensation.

Accepted Answer

The answer of _______________ by a government is an outright...

Question 12

The United States government accounts for ____________ of the total U.S. consumption.

Accepted Answer

A)  a tenth
B)  a third
C)  a quarter
D)  nearly sixty percent
E)  nearly seventy percent

Question 13

International law comes from customs,national and international court decisions, and:

Accepted Answer

A)  tradition.
B)  joint ventures.
C)  strategic alliances.
D)  cabals.
E)  international treaties.

Question 14

A major objective of any state government wishing to support businesses that will be exporting or relocating to the United States (specifically,within their
State)is:

Accepted Answer

A)  job creation.
B)  increasing the defense industry in their state.
C)  gaining control of multinational corporations.
D)  accumulating wealth.
E)  opening more hotels/motels.

Question 15

Trade controls can be broken into two categories---economic trade controls and:

Accepted Answer

A)  covert trade controls.
B)  political trade controls.
C)  geophysical trade controls.
D)  maritime trade controls.
E)  most favored nation trade controls.

Question 16

A _______________________ policy by a host government means that the foreign
company doing business within the country's borders must gradually turn over
management and operational responsibilities as well as ownership to local companies
over time.

Accepted Answer

The answer of A _______________________ policy by a host government...

Question 17

Describe the various types of local legal systems.Describe how these differences
might affect a company that wishes to conduct international business.

Accepted Answer

The answer of Describe the various types of local legal...

Question 18

The three main political ideologies are:

Accepted Answer

A)  Communism,capitalism and globalism
B)  Communism,capitalism and radicalism
C)  Communism,capitalism and modernism
D)  Communism,capitalism and Confucianism
E)  Communism,capitalism and socialism

Question 19

Common law systems base the interpretation of law on prior court rulings.

Accepted Answer

A) True 
 B)False

Question 20

According to the textbook,government policies drive the following economic factors EXCEPT:

Accepted Answer

A)  the cost of capital.
B)  level of economic growth.
C)  companies' outsourcing strategies.
D)  rates of inflation.
E)  international exchange rates.

Exam 5: Political and Legal Environment