Global environment of business quiz 2 – Flashcards
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Which of the following is true about legal systems?
A.
All countries have the same, uniform legal environment.
B.
Unlike the economic system of a country, the legal system in independent of the country's political system.
C.
The government of a country defines the legal framework within which firms do business.
D.
The attractiveness of a country as an investment site or market is unaffected by its legal system.
E.
Collectivist-inclined totalitarian states tend to enact laws that are pro-private enterprise.
answer
C.
The government of a country defines the legal framework within which firms do business.
question
Democracy, in its purest form, is based on the belief that:
A.
citizens should be directly involved in decision making.
B.
political freedom of the citizens should be limited.
C.
citizens are responsible for their own economic health and thus need no government.
D.
individual freedom in the economic sphere should be restricted.
E.
one person should have an absolute control over all the citizens of a nation.
answer
A.
citizens should be directly involved in decision making.
question
A totalitarian political system in which a party, group, or individual that represents the interests of a particular ethnic group monopolizes political power is referred to as:
A.
Theocratic totalitarianism.
B.
communist totalitarianism.
C.
right-wing totalitarianism.
D.
tribal totalitarianism.
E.
democratic totalitarianism.
answer
D.
tribal totalitarianism.
question
The needs of a societyy 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
question
Jewish law is an example of what type of law system?
A.
Autocratic
B.
Civil
C.
Common
D.
Theocratic
E.
Universal
answer
D.
Theocratic
question
In the early 20th century, the socialist ideology split into two broad camps and the people who believed that socialism could be achieved only through violent revolution and totalitarianism dictatorship were referred to as:
A.
communists.
B.
capitalists.
C.
democrats.
D.
individualists.
E.
anarchists.
answer
A.
communists.
question
Which of the following does the U.S. law and OECD convention allow as an exception?
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
answer
C.
Grease payments or speed money.
question
Which of the following is most likely to be advocated by individualism?
A.
Communal property is more highly productive than private property.
B.
Public good should be preferred over private profit.
C.
State-owned companies should monopolize certain industries.
D.
The welfare of society is best served by some collective body such as the government.
E.
Free market ideologies should be followed for achieving better standards of living.
answer
E.
Free market ideologies should be followed for achieving better standards of living.
question
The Cedian government believes that its citizens should have complete freedom in their economic and political pursuits, and the Cedian ideology is "private profit over public good." In context it can be said that Cedian most likely follows the philosophy of:
A.
totalitarianism.
B.
socialism.
C.
individualism.
D.
communism.
E.
Marxism.
answer
C.
individualism.
question
Which of the following applies to most totalitarian states?
A.
Free and fair elections are not denied to the citizens.
B.
There is free access to state information.
C.
All the basic civil liberties are granted to the citizens.
D.
The right to freedom of expression and organization is not curbed.
E.
Media are heavily censored.
answer
E.
Media are heavily censored.
