Question 1

A 2013 survey asked individuals whether they or someone in their household had paid a bribe in the past 12 months.The survey found the bribery rate in the United States was between ______.

Accepted Answer

The answer of A 2013 survey asked individuals whether they...

Question 2

Which of the following is NOT true about socialism?

Accepted Answer

While socialistic economies may aspire to be more equal, the ultimate goal is not necessarily to be "classless." Socialism recognizes the existence of social classes but seeks to reduce the inequality and power disparities between them.

Question 3

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

Accepted Answer

Private corruption involves corruption between private businesses, individuals, or groups. Public corruption involves corruption between public officials and private individuals or businesses. Open and closed are not relevant to corruption types, and external is too broad of a term to specify a type of corruption.

Question 4

Which is the largest nation in the world with a communist economic ideology?

Accepted Answer

China is the largest nation in the world with a communist economic ideology. Despite recent market-oriented reforms, the country's economy is still guided by communist principles and the ruling Communist Party of China.

Question 5

The words "aspirin," "escalator," and "zipper" are examples of _____.

Accepted Answer

These words are examples of generalized trademarks, which are originally brand names that have become so well-known that they are used to refer to a whole category of similar products or services.

Question 6

Which of the following is NOT true about capitalism?

Accepted Answer

The passage of the Patient Protection and Affordable Care Act did not mark the United States' movement away from capitalism. While the act introduced government regulation in healthcare, it did not fundamentally alter the capitalistic economic system in the US.

Question 7

A recent survey found this nation to be the most dangerous in the world.

Accepted Answer

Somalia has been consistently ranked as the most dangerous country in the world due to ongoing conflict, terrorism, and high levels of crime. The country is also facing a severe humanitarian crisis, including famine and displacement of its citizens.

Question 8

Which of the following laws provides for (after a certain deductible)U.S.government insurance coverage for the risk of a U.S.business or property being attacked by a "foreign person or foreign interest?"

Accepted Answer

The Terrorism Risk Insurance Act (TRIA) provides for U.S. government insurance coverage for the risk of a U.S. business or property being attacked by a "foreign person or foreign interest." TRIA was enacted in response to the 9/11 terrorist attacks and is designed to provide a federal backstop for insurance companies that offer coverage for catastrophic events related to terrorism.

Question 9

Unlawful acts of violence threatening the physical safety of others is called _____.

Accepted Answer

Unlawful acts of violence that threaten the physical safety of others are called terrorism. Blackmail and extortion are forms of coercion that typically involve threats of harm to a person's reputation or property, rather than physical harm. Economic risk refers to potential financial losses or uncertainties, while corruption involves the abuse of power or authority for personal gain.

Question 10

A country that has particularly militant labor unions known for frequent unplanned or wildcat strikes,or perhaps a country known for holding corporate executives hostage until their demands are met,are examples of _____ risk.

Accepted Answer

The answer of A country that has particularly militant labor...

Question 11

Which of the following 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 agency described in the question is the Overseas Private Investment Corporation (OPIC). The other options listed are not relevant to the sale of political risk insurance to U.S. businesses.

Question 12

According to the text regarding a study of corporate bribery in developed countries conducted by Transparency International,which of the following nations had the most corporate bribery?

Accepted Answer

Russia has often been highlighted in studies by Transparency International for having significant issues with corporate bribery, ranking it higher in instances of such practices compared to other developed or developing countries.

Question 13

A legal system where legislative bodies generally enact specific legal rules giving judges or courts considerable authority in interpreting these rules based on precedent and other factors is called a _____ law legal system.

Accepted Answer

A common law legal system is characterized by legislative bodies enacting specific legal rules, but giving judges or courts considerable authority in interpreting these rules based on precedent and other factors. This system is primarily used in countries with a history of British influence, such as the United States and United Kingdom. Civil law legal systems, on the other hand, rely mainly on written codes and do not give judges as much latitude in interpreting the law. Theocratic, representative, and family law legal systems are not commonly found in modern legal systems.

Question 14

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

Accepted Answer

The Foreign Corrupt Practices Act (FCPA) is a U.S. law that prohibits U.S. companies from bribing foreign government officials to obtain business. The other answer choices do not relate to this topic.

Question 15

In this form of government,all citizens vote directly on matters affecting the community

Accepted Answer

Athenian democracy is characterized by direct democracy, where citizens gather together to vote on every issue concerning the community.

Question 16

Of the following statements,which is NOT true about totalitarian governments?

Accepted Answer

Totalitarian governments do not always have weak economies. In fact, some of the most economically successful countries in history have been ruled by totalitarian governments, such as Nazi Germany and the Soviet Union under Stalin.

Question 17

In a civil law country,the real power lies with

Accepted Answer

The answer of In a civil law country,the real power...

Question 18

A party wishing to sell a given piece of commercial real estate to another party would enter into a real estate agreement with the other party.This is an example of which type of law?

Accepted Answer

The scenario described involves a contract between two parties for the sale of real estate, which falls under contract law. Tax law deals with taxation, common law refers to legal precedents set by court decisions, theocratic law is based on religious beliefs, and criminal law involves offenses against the state.

Question 19

Paying "protection money" or giving sales kickbacks to an organized crime group would represent at example of _____ corruption.

Accepted Answer

Private corruption involves illegal activities within private organizations or between private individuals, such as bribery, embezzlement, and kickbacks. In this case, the payment of protection money or sales kickbacks would involve private individuals or companies engaging in corrupt activities with an organized crime group. Public corruption, on the other hand, involves illegal activities by government officials or agencies. Open and closed corruption are not recognized categories of corruption, and external corruption refers to illegal activities involving foreign entities.

Question 20

Of the following statements about common law legal systems,which is NOT true?

Accepted Answer

Common law systems did not originate in China under the Ming Dynasty. They originated in England and were later adopted by other English-speaking countries such as the United States, Canada, Australia, and New Zealand.

Quiz 6: The Legal,economic and Political Environment of Global Business