Question 1

Which of the following does the U.S.law and OECD convention allow as an exception?

Accepted Answer

A)  Bribing a foreign government official to obtain a contract 
B)  Failure to keep records that would reveal if a violation of the Foreign Corrupt Practices act has occurred 
C)  Grease payments or speed money 
D)  Private action 
E)  Breach of the rule of law 
A)  Bribing a foreign government official to obtain a contract 
B)  Failure to keep records that would reveal if a violation of the Foreign Corrupt Practices act has occurred 
C)  Grease payments or speed money 
D)  Private action 
E)  Breach of the rule of law

Question 2

Historically,pure market economies were found in communist countries where collectivist goals were given priority over individual goals.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following best exemplifies public action?

Accepted Answer

A)  The mafia in Cedia Republic demands "protection money" from successful domestic business owners. 
B)  Cedian proprietors in the hospitality industry often complain about protection rackets by criminal groups. 
C)  Government bureaucrats demand bribes from international businesses in return for the rights to operate in Cedia Republic. 
D)  The Cedian government has been criticized for its inability to curb theft of trade secrets of international businesses by private domestic owners. 
E)  To promote the Cedian culture, the government has made Cedian movies, which are based on Cedian history, tax-free. 
A)  The mafia in Cedia Republic demands "protection money" from successful domestic business owners. 
B)  Cedian proprietors in the hospitality industry often complain about protection rackets by criminal groups. 
C)  Government bureaucrats demand bribes from international businesses in return for the rights to operate in Cedia Republic. 
D)  The Cedian government has been criticized for its inability to curb theft of trade secrets of international businesses by private domestic owners. 
E)  To promote the Cedian culture, the government has made Cedian movies, which are based on Cedian history, tax-free.

Question 4

In the context of "knowledge" economy of the twenty-first century,which of the following statements is true about intellectual property?

Accepted Answer

A)  Intellectual property has become an increasingly important source of economic value for businesses. 
B)  Protecting intellectual property has become increasingly easy in the twenty-first century. 
C)  Intellectual property laws limit the creativity and the ability of people to search for novel ways of doing things. 
D)  Firms always choose to stay out of countries where intellectual property laws are strict. 
E)  Companies in a country are more likely to commit themselves to extensive basic research if the country prohibits the use of patents. 
A)  Intellectual property has become an increasingly important source of economic value for businesses. 
B)  Protecting intellectual property has become increasingly easy in the twenty-first century. 
C)  Intellectual property laws limit the creativity and the ability of people to search for novel ways of doing things. 
D)  Firms always choose to stay out of countries where intellectual property laws are strict. 
E)  Companies in a country are more likely to commit themselves to extensive basic research if the country prohibits the use of patents.

Question 5

Silver Tape Corporation has developed a new type of adhesive tape.Which of the following types of legal protections can grant the company exclusive rights for a defined period to the manufacture,use,or sale of the new adhesive tape?

Accepted Answer

A)  Warrant 
B)  Patent 
C)  Copyright 
D)  Trademark 
E)  Writ 
A)  Warrant 
B)  Patent 
C)  Copyright 
D)  Trademark 
E)  Writ

Question 6

In the context of individualism,which of the following is inconsistent with the works of the ancient Greek philosopher Aristotle?

Accepted Answer

A)  Guaranteeing individual freedom 
B)  Government dictating what is in best interest of society 
C)  Guaranteeing self-expression 
D)  Committing to private ownership 
E)  Treating individual diversity as desirable 
A)  Guaranteeing individual freedom 
B)  Government dictating what is in best interest of society 
C)  Guaranteeing self-expression 
D)  Committing to private ownership 
E)  Treating individual diversity as desirable

Question 7

Product safety and product liability laws are enforced to protect:

Accepted Answer

A)  intellectual property rights. 
B)  companies from their domestic competitors. 
C)  companies from their foreign competitors. 
D)  consumers. 
E)  product inventors. 
A)  intellectual property rights. 
B)  companies from their domestic competitors. 
C)  companies from their foreign competitors. 
D)  consumers. 
E)  product inventors.

Question 8

In practical terms,collectivism creates a more favorable environment for international businesses to operate in than individualism.

Accepted Answer

A) True 
 B)False

Question 9

In the country of Normian Republic,an individual's right to own land is restricted to a large extent on the basis that it runs counter to "the common good." In this context,which of the following is most likely to be the political system adopted by Normian Republic?

Accepted Answer

A)  Individualism 
B)  Democracy 
C)  Collectivism 
D)  Capitalism 
E)  Protectionism 
A)  Individualism 
B)  Democracy 
C)  Collectivism 
D)  Capitalism 
E)  Protectionism

Question 10

In a _____,individuals periodically elected by citizens form a government to make decisions on behalf of the electorate.

Accepted Answer

A)  pure democracy 
B)  communist totalitarianism 
C)  right-wing totalitarianism 
D)  representative democracy 
E)  theocratic totalitarianism 
A)  pure democracy 
B)  communist totalitarianism 
C)  right-wing totalitarianism 
D)  representative democracy 
E)  theocratic totalitarianism

Which of the following does the U.S.law and OECD convention allow as an exception?

Historically,pure market economies were found in communist countries where collectivist goals were given priority over individual goals.

Which of the following best exemplifies public action?

In the context of "knowledge" economy of the twenty-first century,which of the following statements is true about intellectual property?

Silver Tape Corporation has developed a new type of adhesive tape.Which of the following types of legal protections can grant the company exclusive rights for a defined period to the manufacture,use,or sale of the new adhesive tape?

In the context of individualism,which of the following is inconsistent with the works of the ancient Greek philosopher Aristotle?

Product safety and product liability laws are enforced to protect:

In practical terms,collectivism creates a more favorable environment for international businesses to operate in than individualism.

In the country of Normian Republic,an individual's right to own land is restricted to a large extent on the basis that it runs counter to "the common good." In this context,which of the following is most likely to be the political system adopted by Normian Republic?

In a _____,individuals periodically elected by citizens form a government to make decisions on behalf of the electorate.

Globalization

Political Economy and Economic Development

National Differences in Culture

Ethics in International Business

International Trade Theory

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Strategy of International Business

Entering Foreign Markets

Exporting, Importing, and Countertrade

Global Production, Outsourcing, and Logistics

Global Marketing and R-D

Global Human Resource Management

Filters

Exam 2: National Differences in Political Economy

Which of the following does the U.S.law and OECD convention allow as an exception?

Historically,pure market economies were found in communist countries where collectivist goals were given priority over individual goals.

Which of the following best exemplifies public action?

In the context of "knowledge" economy of the twenty-first century,which of the following statements is true about intellectual property?

Silver Tape Corporation has developed a new type of adhesive tape.Which of the following types of legal protections can grant the company exclusive rights for a defined period to the manufacture,use,or sale of the new adhesive tape?

In the context of individualism,which of the following is inconsistent with the works of the ancient Greek philosopher Aristotle?

Product safety and product liability laws are enforced to protect:

In practical terms,collectivism creates a more favorable environment for international businesses to operate in than individualism.

In the country of Normian Republic,an individual's right to own land is restricted to a large extent on the basis that it runs counter to "the common good." In this context,which of the following is most likely to be the political system adopted by Normian Republic?

In a _____,individuals periodically elected by citizens form a government to make decisions on behalf of the electorate.

Globalization

Political Economy and Economic Development

National Differences in Culture

Ethics in International Business

International Trade Theory

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Strategy of International Business

Entering Foreign Markets

Exporting, Importing, and Countertrade

Global Production, Outsourcing, and Logistics

Global Marketing and R-D

Global Human Resource Management

Filters