Question 1

The _________ is a United States law that prohibits U.S. companies from bribing or otherwise corrupting foreign government officials in order to win foreign government contracts or obtain other foreign government assistance for their businesses

Accepted Answer

The answer of The _________ is a United States law...

Question 2

______ is defined as a situation where businesses are able to illegally alter relevant private and/or public decision making by way of bribes, kickbacks, blackmail, extortion and related activities.

Accepted Answer

The answer of ______ is defined as a situation where...

Question 3

_________ law is the body of law governing legally enforceable agreements between parties to engage in economic exchange.

Accepted Answer

The answer of _________ law is the body of law...

Question 4

______ laws are enacted to promote "fair competition" among businesses.

Accepted Answer

The answer of ______ laws are enacted to promote "fair...

Question 5

_______ legal system is where legislative bodies generally enact less specific legal rules giving judges or courts considerable authority in interpreting these rules based on precedent and other factors

Accepted Answer

The answer of _______ legal system is where legislative bodies...

Question 6

The practice of making illegal payments to government officials or engaging in blackmail, extortion or other related activities in order to obtain government contracts or governmental approval for business activities is known as ______.

Accepted Answer

The answer of The practice of making illegal payments to...

Question 7

A situation where there is only a single seller of a product in an industry and there are very high barriers to enter this industry is called a _______.

Accepted Answer

The answer of A situation where there is only a...

Question 8

Countries with little or no tax transparency are know as _______ countries.

Accepted Answer

The answer of Countries with little or no tax transparency...

Question 9

The body of law dealing with governmental levying of taxes on individuals and corporations is referred to as ______ law.

Accepted Answer

The answer of The body of law dealing with governmental...

Question 10

The _______ is a U.S. government agency that sells political risk insurance to U.S. businesses operating in countries with which the U.S. has a bilateral investment treaty.

Accepted Answer

The answer of The _______ is a U.S. government agency...

Question 11

_______ legal system is based on a comprehensive listing of legal rules in sets of written codes of law.

Accepted Answer

The answer of _______ legal system is based on a...

Question 12

_______ or "Seller beware"; involves placing on manufacturers or sellers of products the burden of making sure products are safe or at least clearly and explicitly warning consumers about the potential safety risks of said product.

Accepted Answer

The answer of _______ or "Seller beware"; involves placing on...

Question 13

_______ or "buyer beware"; involves placing the burden of determining product safety on consumers.

Accepted Answer

The answer of _______ or "buyer beware"; involves placing the...

Question 14

_________ involves bringing a dispute to a publicly or governmentally run court of law for resolution.

Accepted Answer

The answer of _________ involves bringing a dispute to a...

Question 15

A legal system based on a religious document and religious teachings is referred to as a _______ legal system.

Accepted Answer

The answer of A legal system based on a religious...

Question 16

______ law that establishes which violations of a nation's laws are crimes punishable by possible incarceration.

Accepted Answer

The answer of ______ law that establishes which violations of...

Question 17

Business corruption involving other private businesses, individuals, or groups is called _____.

Accepted Answer

The answer of Business corruption involving other private businesses, individuals,...

Question 18

_________ law governs how disputes arising in the conduct of global business are settled.

Accepted Answer

The answer of _________ law governs how disputes arising in...

Question 19

The practice of companies acting in a manner which secretly thwarts competition amongst themselves is known as _______.

Accepted Answer

The answer of The practice of companies acting in a...

Question 20

The law which establishes the standards of product safety to which the manufacturers and sellers of products are to be held is called _________ law.

Accepted Answer

The answer of The law which establishes the standards of...

Quiz 6: The Legal and Political Environment of Global Business