Question 1

In a common law system,judges have the power to interpret the law.

Accepted Answer

A) True 
 B)False

Question 2

Identify the incorrect statement regarding individualism.

Accepted Answer

A) It advocates for a socialist political system 
B) It promotes free market economics 
C) It creates a pro-business environment 
D) It translates into an advocacy for democratic political systems 
A) It advocates for a socialist political system 
B) It promotes free market economics 
C) It creates a pro-business environment 
D) It translates into an advocacy for democratic political systems

Question 3

Compare and contrast the four forms of totalitarianism.

Accepted Answer

In a totalitarian country,an individual'

Question 4

In a market economy,if demand for a product exceeds supply,prices will rise,signaling to producers to produce more.

Accepted Answer

A) True 
 B)False

Question 5

According to _____,socialism can only be achieved through violent revolution.

Accepted Answer

A) capitalists 
B) communists 
C) social democrats 
D) democrats 
A) capitalists 
B) communists 
C) social democrats 
D) democrats

Question 6

There is a global trend of societies shifting from individualism toward collectivism.

Accepted Answer

A) True 
 B)False

Question 7

In democratic states where individualism is the dominant political philosophy,states tend to enact laws that severely restrict private enterprise.

Accepted Answer

A) True 
 B)False

Question 8

Economic freedom necessarily equates with political freedom.

Accepted Answer

A) True 
 B)False

Question 9

Discuss the Foreign Corrupt Practices Act.

Accepted Answer

The Foreign Corrupt Practices Act was pa

Question 10

How do countries with representative democracies ensure that their elected officials are held responsible for their actions?

Accepted Answer

To guarantee that elected representative

Question 11

What is a country's legal system? Why is it important to international businesses?

Accepted Answer

The legal system of a country refers to

Question 12

What are first-mover advantages? What are late-mover advantages? Why are they important to international businesses?

Accepted Answer

First-mover advantages are the advantage

Question 13

This refers to a political system in which government is by the people,exercised either directly or through elected representatives.

Accepted Answer

A) Totalitarianism 
B) Authoritarianism 
C) Democracy 
D) Dictatorship 
A) Totalitarianism 
B) Authoritarianism 
C) Democracy 
D) Dictatorship

Question 14

A _____ system is based on a very detailed set of laws organized into codes.

Accepted Answer

A) democratic law 
B) theocratic law 
C) civil law 
D) common law 
A) democratic law 
B) theocratic law 
C) civil law 
D) common law

Question 15

It is possible to have a democratic state where collective values predominate.

Accepted Answer

A) True 
 B)False

Question 16

The common law system:

Accepted Answer

A) lacks the flexibility that other systems have. 
B) is based on tradition,precedent,and custom. 
C) gives judges the power only to apply the law. 
D) is based on a detailed set of laws organized into codes. 
A) lacks the flexibility that other systems have. 
B) is based on tradition,precedent,and custom. 
C) gives judges the power only to apply the law. 
D) is based on a detailed set of laws organized into codes.

Question 17

All of the following are reasons that would account for the spread of democracy except:

Accepted Answer

A) totalitarian regimes failing to deliver economic progress to the vast bulk of their populations. 
B) the unchallenged pressure of entrepreneurs and other business leaders for less accountable and closed governments. 
C) the economic advances of the past quarter century leading to the emergence of increasingly prosperous middle and working classes pushing for democratic reforms. 
D) new information and communication technologies reducing the state's ability to control access to uncensored information. 
A) totalitarian regimes failing to deliver economic progress to the vast bulk of their populations. 
B) the unchallenged pressure of entrepreneurs and other business leaders for less accountable and closed governments. 
C) the economic advances of the past quarter century leading to the emergence of increasingly prosperous middle and working classes pushing for democratic reforms. 
D) new information and communication technologies reducing the state's ability to control access to uncensored information.

Question 18

A theocratic law system is:

Accepted Answer

A) one in which the law is based on religious teachings. 
B) based on tradition,precedent,and custom. 
C) based on a detailed set of laws organized into codes. 
D) the body of law that governs contract enforcement. 
A) one in which the law is based on religious teachings. 
B) based on tradition,precedent,and custom. 
C) based on a detailed set of laws organized into codes. 
D) the body of law that governs contract enforcement.

Question 19

The political economy of many of the world's nation-states has changed radically since the late 1980s.All of the following are trends that have been evident except:

Accepted Answer

A) a wave of democratic revolutions has swept the world. 
B) totalitarian governments collapsed and have been replaced by democratically elected governments. 
C) there has been a strong move away from centrally planned economies toward free market economic models. 
D) mixed economies are fast replacing market economies. 
A) a wave of democratic revolutions has swept the world. 
B) totalitarian governments collapsed and have been replaced by democratically elected governments. 
C) there has been a strong move away from centrally planned economies toward free market economic models. 
D) mixed economies are fast replacing market economies.

Question 20

According to political scientist Samuel Huntington's thesis,global terrorism is a product of the tension between civilizations and the clash of value systems and ideology.

Accepted Answer

A) True 
 B)False

In a common law system,judges have the power to interpret the law.

Identify the incorrect statement regarding individualism.

Compare and contrast the four forms of totalitarianism.

In a market economy,if demand for a product exceeds supply,prices will rise,signaling to producers to produce more.

According to _____,socialism can only be achieved through violent revolution.

There is a global trend of societies shifting from individualism toward collectivism.

In democratic states where individualism is the dominant political philosophy,states tend to enact laws that severely restrict private enterprise.

Economic freedom necessarily equates with political freedom.

Discuss the Foreign Corrupt Practices Act.

How do countries with representative democracies ensure that their elected officials are held responsible for their actions?

What is a country's legal system? Why is it important to international businesses?

What are first-mover advantages? What are late-mover advantages? Why are they important to international businesses?

This refers to a political system in which government is by the people,exercised either directly or through elected representatives.

A _____ system is based on a very detailed set of laws organized into codes.

It is possible to have a democratic state where collective values predominate.

The common law system:

All of the following are reasons that would account for the spread of democracy except:

A theocratic law system is:

The political economy of many of the world's nation-states has changed radically since the late 1980s.All of the following are trends that have been evident except:

According to political scientist Samuel Huntington's thesis,global terrorism is a product of the tension between civilizations and the clash of value systems and ideology.

Globalization

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 Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Exporting,Importing,and Countertrade

Global Production, Outsourcing, and Logistics

Global Marketing and RD

Global Human Resource Management

Accounting in the International Business

Financial Management in the International Business

Filters

Exam 2: National Differences in Political Economy

In a common law system,judges have the power to interpret the law.

Identify the incorrect statement regarding individualism.

Compare and contrast the four forms of totalitarianism.

In a market economy,if demand for a product exceeds supply,prices will rise,signaling to producers to produce more.

According to _____,socialism can only be achieved through violent revolution.

There is a global trend of societies shifting from individualism toward collectivism.

In democratic states where individualism is the dominant political philosophy,states tend to enact laws that severely restrict private enterprise.

Economic freedom necessarily equates with political freedom.

Discuss the Foreign Corrupt Practices Act.

How do countries with representative democracies ensure that their elected officials are held responsible for their actions?

What is a country's legal system? Why is it important to international businesses?

What are first-mover advantages? What are late-mover advantages? Why are they important to international businesses?

This refers to a political system in which government is by the people,exercised either directly or through elected representatives.

A _____ system is based on a very detailed set of laws organized into codes.

It is possible to have a democratic state where collective values predominate.

The common law system:

All of the following are reasons that would account for the spread of democracy except:

A theocratic law system is:

The political economy of many of the world's nation-states has changed radically since the late 1980s.All of the following are trends that have been evident except:

According to political scientist Samuel Huntington's thesis,global terrorism is a product of the tension between civilizations and the clash of value systems and ideology.

Globalization

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 Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Exporting,Importing,and Countertrade

Global Production, Outsourcing, and Logistics

Global Marketing and RD

Global Human Resource Management

Accounting in the International Business

Financial Management in the International Business

Filters