QUESTION The term “public action” refers to the exclusive legal rights of authors, composers, playwrights, artists, and publishers to publish and disperse their work as they see fit. Indicate whether the statement is true or false. ANSWER FALSE Copyrights are the exclusive legal rights of authors, composers, playwrights, artists, and publishers to publish and […]
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.
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 […]
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 […]
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 […]
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 […]
QUESTION The minimum that a firm has to do to engage in international business is to: A. export or import products from other countries. B. invest directly in operations in another country. C. establish joint ventures or strategic alliances with companies in other countries. D. export low-wage manufacturing jobs to companies in other countries. E. […]
QUESTION In a pure command economy, the goods and services that a country produces, the quantity in which they are produced, and the prices at which they are sold are all dictated by the interaction of demand and supply. Indicate whether the statement is true or false. ANSWER FALSE In a pure command economy, […]
QUESTION Ryan is the executive general manager of a U.S. multinational and Veronica is a manager in a similar position, but works for another U.S. company that operates only in its home country. In this context, which of the following business functions will be most typically exclusive to Ryan? A. Marketing a product or service […]
QUESTION The term political economy is used to stress the fact that the political, economic, and legal systems of a country are independent of each other. Indicate whether the statement is true or false. ANSWER FALSE We use the term political economy to stress that the political, economic, and legal systems of a country […]
