QUESTION Liability laws are typically the least extensive in highly developed nations. Indicate whether the statement is true or false. ANSWER FALSE Liability laws are typically the least extensive in less developed nations.
Date: September 3rd, 2020
QUESTION When product safety laws are tougher in a firm’s home country than in a foreign country, the ethical thing to do is to adhere to home-country standards. Indicate whether the statement is true or false. ANSWER TRUE When product safety laws are tougher in a firm’s home country than in a foreign country […]
Date: September 3rd, 2020
QUESTION The benefits, costs, and risks associated with doing business in a country are independent of that country’s political, economic, and legal systems. Indicate whether the statement is true or false. ANSWER FALSE The benefits, costs, and risks associated with doing business in a country are a function of that country’s political, economic, and […]
Date: September 3rd, 2020
QUESTION Which of the following statements is true about political systems? A. The political system of a country is independent of its economic and legal systems. B. The political system of a country is of no importance to international business. C. It is not possible to have democratic societies that emphasize a mix of collectivism […]
Date: September 3rd, 2020
QUESTION Which of the following systems is a part of the political economy? A. Religious system B. Value system C. Demographic system D. Legal system E. Technological system ANSWER D Collectively we refer to the political, economic, and legal systems as constituting the political economy of a country. This emphasizes the fact that the […]
Date: September 3rd, 2020
QUESTION Other things being equal, a nation with democratic political institutions is clearly more attractive as a place in which to do business than a nation that lacks democratic institutions. Indicate whether the statement is true or false. ANSWER TRUE Other things being equal, a nation with democratic political institutions, a market-based economic system, […]
Date: September 3rd, 2020
QUESTION A common law system tends to be less adversarial than a civil law system. Indicate whether the statement is true or false. ANSWER FALSE A civil law system tends to be less adversarial than a common law system, since the judges rely upon detailed legal codes rather than interpreting tradition, precedent, and custom.
Date: September 3rd, 2020
QUESTION The needs of society as a whole are generally viewed as being more important than individual freedoms when the emphasis is on: A. democracy. B. collectivism. C. individualism. D. capitalism. E. privatization. ANSWER B Collectivism refers to a political system that stresses the primacy of collective goals over individual goals. When collectivism is […]
Date: September 3rd, 2020
QUESTION When law courts interpret civil law, they do so with regard to tradition, precedent, and custom. Indicate whether the statement is true or false. ANSWER FALSE A civil law system is based on a detailed set of laws organized into codes. When law courts interpret civil law, they do so with regard to […]
Date: September 3rd, 2020
QUESTION 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? A. Individualism B. Democracy C. Collectivism […]
Date: September 3rd, 2020
