Exam 6: Politics and Law

Theocracy is a legal perspective based on religious practices and interpretations.

__________ is an exemption from rules and regulations of one country that may challenge the national sovereignty of another country.

Sylvie owned a piece of property overseas that had been handed down to her through her family. She recently learned that the property was seized by the country's government due to the nonpayment of a special tax for foreign citizens - a tax of which Sylvie had no prior knowledge. Sylvie's loss comes as a result of what form of political risk?

A forced change in a country's government,often resulting in attacks of foreign firms and policy changes by the new government is called:

Richard has successfully smuggled a leading-edge piece of technology by hiding it in his cell phone during an international flight. A decade ago,it would have been impossible to contain this same piece of technology in anything smaller than a suitcase. This scenario demonstrates the:

Sanctions rarely result in significant loss of business to firms.

________ is the ability of a nation to protect its international values from external threats.

A mining company in Tanzania was recently forced to give up all assets to the Tanzanian government without compensation. The Tanzanian government claimed that the company was operating with the use of illegal workers. This example demonstrates what form of transfer of ownership?

The ____________ clarifies the applicability of the Foreign Corrupt Practices Act.

Antitrust laws prohibit monopolies,restraint of trade,and conspiracies to inhibit competition.

Which form of legislation excluded from antitrust prosecution U.S.firms cooperating to develop foreign markets?

_________ refers to legal rights resulting from industrial,scientific,literary,or artistic activity.

The forceful government seizure of a company without compensation for the assets seized is referred to as:

A(n)_________ is a governmental action,usually consisting of a specific coercive trade measure that distorts the free flow of trade for an adversarial or political purpose rather than an economic one.

Exchange controls are a means by which countries may control foreign investors.

_________ are typically well-connected individuals or firms that are hired by a business to influence the decision making of policymakers and legislators.

________ is an exemption from rules and regulations of one country that may challenge the national sovereignty of another.

The 1988 Trade Act made it a crime for U.S.executives of publicly traded firms to bribe a foreign official in order to obtain business.

The three major types of political risk include ownership risk,operating risk,and:

Public concerns have increasingly been raised on issues such as environmental protection,global warming,and pollution.