BusM430 Chapter 3 – Flashcards

In a representative democracy, ________.

A major legal challenge that companies face in the global environment often involves which of the following?

Which of the following types of political risks often is caused by ethnic conflict or civil disorder and includes random political developments that adversely affect the operations of all companies in a country?

Proponents of the ideal of ________ argue that individual interests are not as important as the welfare of the group.

Most counterfeit goods are made in markets in which ________ is the basis of the legal system.

Political systems based on the ________ paradigm, such as those of Japan and China, promote the principle that government may intervene to ensure that business practices benefit society.

Presently, managers typically find that the rule of law is prevalent in ________.

The methods a country uses to regulate business practices, define how companies conduct business transactions, specify the rights and obligations of those engaged in business transactions, and provide legal redress to those who believe they have been wronged in business transactions are aspects of a country's ________.

Which of the following statements about approaches to political risk management is not true?

A(n) ________ ideology is the system of ideas that expresses the goals, theories, and aims of how society should work.

A ________ law system is based on tradition, judge-made precedent, and usage, and assigns a preeminent position to existing case law as a guide to dispute resolution.

The vigor of IPR protection is highly related to a country's stage of ________.

In a(n) ________ system, a single leader advocates a new society where wrongs will be corrected and harmony will prevail.

A(n) ________ grants the registered owners of a particular invention, literary or artistic work, symbols, names, images, or designs the right to determine the use of their ideas.

A business's day-to-day activities are best described as its ________ concerns.

The ________ of a country specifies the rules that regulate political, social, and business activities so a society can pursue economic and social development and resolve disputes without collapsing into anarchy.

In a totalitarian political system, ________.

________ refer(s) to the creative ideas, innovative expertise, or intangible insights that give an individual, company, or country a competitive advantage.

Which of the following is a strategic concern for international businesses?

In a practical sense, the term political system is meant to signify the ________.

The principle that an individual has the freedom to pursue his or her interests is called ________.

In a democracy, ________.

A(n) ________ law system is based on a systematic and extensive codification of laws and puts political officials in charge of specifying accessible, detailed, and written law that applies to all citizens.

Select the correct order, going from low to high total impact on an MNE, of the following types of political risk: (1) procedural political risks, (2) systemic political risks, (3) distributive political risks, (4) catastrophic political risks.

Which of the following is a true statement regarding the rule of law?