Deck 3: Politics and Law

Question 1

Bureaucracy is the part of the government that implements the rules and laws passed by elected representatives.

Answer 1

True

Question 2

Pluralism is the belief that only individuals and private groups should control a nation's political activities.

Answer 2

False

Question 3

In a "pure" democracy,citizens elect individuals from their groups to represent their political needs and views.

Answer 3

False

Question 4

Local content requirements are one form of political risk.

Question 5

Totalitarian political systems include authoritarian regimes such as communism and fascism.

Question 6

When a country's religious leaders are also its political leaders,its political system is called a theocracy.

Question 7

A political system that is under the control of totalitarian religious leaders is called secular totalitarianism.

Question 8

Bribery is an expected way of doing business in certain countries.

Question 9

A democracy is a political system in which government leaders are elected directly by the wide participation of the people or their representatives.

Question 10

Expropriation involves the forced transfer of assets from a company to the government without compensation.

Question 11

In every country,the rate of economic growth is primarily determined by its degree of political and civil liberties.

Question 12

Civil rights include freedom of speech,freedom to organize political parties,and the right to a fair trial.

Question 13

A participative democracy combined with free markets and property rights guarantees strong economic growth.

Question 14

The "four tigers" of Asia-Hong Kong,Singapore,South Korea,and Taiwan-built strong market economies in the absence of truly democratic practices.

Question 15

In a totalitarian system,rulers tightly control people's lives and do not tolerate opposing viewpoints.

Question 16

In politicized bureaucracies,bureaucrats tend to implement decisions according to their own political views rather than those of the people's representatives.

Question 17

Lobbying is the policy of hiring people to represent a company's views on political matters.

Question 18

Anarchism is the belief that every aspect of people's lives must be controlled in order for a nation's political system to be effective.

Question 19

Totalitarian governments tend to favour public ownership of economic resources.

Question 20

Among asset seizure approaches,nationalization is more common than confiscation and expropriation.

Question 21

The way a country is perceived has a strong effect on the country's ability to compete for investment and to export its goods and services,and can make a significant difference in the success of its businesses.

Question 22

The belief that only individuals and private groups should control a nation's political activities is called ________.

A)pluralism
B)anarchism
C)theocracy
D)totalitarianism

Question 23

Which of the following types of political systems includes democracies,constitutional monarchies,and some aristocracies?

A)Totalitarianism
B)Anarchism
C)Fascism
D)Pluralism

Question 24

Product liability laws hold only manufacturers responsible for damage,injury,or death caused by defective products.

Question 25

Hindu law is the most widely practised theocratic legal system today.

Question 26

Which of the following refers to the belief that every aspect of people's lives must be controlled for a nation's political system to be effective?

A)Totalitarianism
B)Capitalism
C)Anarchism
D)Pluralism

Question 27

Civil law can be more adversarial than common law because civil law relies more on the need to interpret laws according to tradition,precedent,and usage.

Question 28

Which of the following terms refers to the structures,processes,and activities by which a nation governs itself?

A)Political system
B)Legal system
C)Cultural system
D)Judicial system

Question 29

Totalitarian political systems include authoritarian regimes such as ________.

A)democracy and theocracy
B)anarchism and pluralism
C)communism and fascism
D)capitalism and secularism

Question 30

In which of the following countries do citizens vote directly on many national issues?

A)Switzerland
B)Canada
C)Austria
D)Norway

Question 31

A theocratic legal system is based on a detailed set of written rules and statutes that constitute a legal code.

Question 32

Pure Internet companies ________.

A)can avoid local laws and politics since they do not have a physical presence in other countries
B)must adapt to local politics and law,just like brick-and-mortar companies must do
C)are exempt from most local regulations because of their unique intangible nature
D)should act according to their own corporate culture,not the local environment

Question 33

The belief that both private and public groups play important roles in a nation's political activities is called ________.

A)totalitarianism
B)capitalism
C)anarchism
D)pluralism

Question 34

Trademark protection typically lasts indefinitely provided the word or symbol continues to be distinctive.

Question 35

Antitrust laws are designed to prevent companies from gaining unfair monopoly advantages.

Question 36

Political relations between a company's home country and the host nation do not affects its international business activities.

Question 37

When people who are capable of influencing the political system make an effort to do so,which of the following occurs?

A)Wide political participation
B)Secular totalitarianism
C)Tribal totalitarianism
D)Narrow political participation

Question 38

Treaties concluded among several nations are called multilateral agreements.

Question 39

The 20-year term granted for patents by the World Trade Organization begins when a patent is finally granted.

Question 40

A value-added tax is a tax levied on each party that adds value to a product throughout its production and distribution.

Question 41

The likelihood that a society will undergo political change that negatively affects local business activity is called ________.

A)political risk
B)investment risk
C)economic risk
D)cultural risk

Question 42

Venezuelan political system can be viewed as ______________.

A)Communist and totalitarian
B)Democratic
C)Neither democratic not communist
D)Socialist

Question 43

A political system in which political leaders rely on military and bureaucratic power is referred to as which of the following?

A)Secular anarchism
B)Theocratic totalitarianism
C)Secular totalitarianism
D)Theocratic pluralism

Question 44

In which of the following political systems does the government endorse private ownership of property and a market-based economy but grant few (if any)political freedoms?

A)Left-wing totalitarianism
B)Theocratic totalitarianism
C)Tribal totalitarianism
D)Right-wing totalitarianism

Question 45

The government of which of the following countries is currently a mix of communism and right-wing totalitarianism?

A)India
B)Iran
C)Kenya
D)China

Question 46

Which of the following features are totalitarian governments LEAST likely to demonstrate?

A)Imposed authority
B)Lack of constitutional guarantees
C)Preservation of minority rights
D)Restricted participation

Question 47

North Korea is an example of which of the following types of government?

A)Totalitarian
B)Democratic
C)Theocratic
D)Anarchistic

Question 48

Which of the following philosophies asserts that ownership of the means of production belongs in the hands of individuals and private businesses?

A)Communism
B)Pluralism
C)Capitalism
D)Socialism

Question 49

Political change in China is caused by all of the following EXCEPT _________.

A)collapse of state-owned industry
B)influx of foreign companies
C)unjust legal system
D)restless rural population

Question 50

The segment of the economic environment comprising independently owned firms that seek to earn profits is called the ________.

A)tribal sector
B)private sector
C)democratic sector
D)public sector

Question 51

Most democratic nations practise ________,in which citizens elect individuals from their groups to help govern the people and pass laws.

A)public referendums
B)secular totalitarianism
C)representative democracy
D)socialist pluralism

Question 52

Under which of the following political systems are government leaders elected directly by the wide participation of the people or by their representatives?

A)Theocracy
B)Democracy
C)Communism
D)Totalitarianism

Question 53

Which of the following terms is also used to refer to communism?

A)Tribal totalitarianism
B)Right-wing totalitarianism
C)Left-wing totalitarianism
D)Civil totalitarianism

Question 54

Which of the following terms refers to an economic system in which the government owns and controls all types of economic activity?

A)Socialism
B)Sovereign nationalism
C)Political bureaucracy
D)Pluralism

Question 55

In which of the following do bureaucrats implement decisions according to their own political views rather than those of the people's representatives?

A)Public referendums
B)Parliamentary democracies
C)Politicized bureaucracies
D)Pure democracies

Question 56

A totalitarian political system is marked by which of the following?

A)Narrow participation
B)Total participation
C)Wide participation
D)Public referendums

Question 57

Which of the following terms refers to a political system under the control of totalitarian religious leaders?

A)Communist totalitarianism
B)Tribal totalitarianism
C)Right-wing totalitarianism
D)Theocratic totalitarianism

Question 58

Secular totalitarianism can take on all the following forms EXCEPT ________.

A)communist totalitarianism
B)tribal totalitarianism
C)right-wing totalitarianism
D)theocratic totalitarianism

Question 59

When a country's religious leaders are also its political leaders,its political system is called a ________.

A)democracy
B)theocracy
C)plutocracy
D)bureaucracy

Question 60

Representative democracies strive to provide all of the following EXCEPT ________.

A)periodic elections
B)politicized bureaucracies
C)freedom of expression
D)full civil and property rights

Question 61

Which of the following terms refers to the forced transfer of assets from a company to the government without compensation?

A)Expropriation
B)Nationalism
C)Nationalization
D)Confiscation

Question 62

Scenario: Susan Goes Global with R&R
Susan Smith works in marketing at Reconditioned Refrigerators (R&R),a global manufacturing company.Susan knows that to advance into upper management she must gain broader experience and was recently told that she can choose from several locations in which R&R is active for her first international assignment.Susan knows little about other nations,their cultures,and their political systems,so she has embarked on an ambitious research project to make an informed decision.
Susan's personal political beliefs are congruent with those of a democracy.Susan's beliefs are most likely reflected in which of the following political ideologies?

A)Anarchism
B)Pluralism
C)Totalitarianism
D)Socialism

Question 63

The Nike "swoosh" is an example of a ________.

A)patent
B)fad
C)copyright
D)trademark

Question 64

Scenario: Susan Goes Global with R&R
Susan Smith works in marketing at Reconditioned Refrigerators (R&R),a global manufacturing company.Susan knows that to advance into upper management she must gain broader experience and was recently told that she can choose from several locations in which R&R is active for her first international assignment.Susan knows little about other nations,their cultures,and their political systems,so she has embarked on an ambitious research project to make an informed decision.
Susan has learned that R&R does business with countries having religious political systems where religious leaders are the political leaders.Such countries are examples of which of the following?

A)Democracies
B)Bureaucracies
C)Theocracies
D)Communist countries

Question 65

All of the following are methods used by companies to manage political risk EXCEPT ________.

A)political influence
B)information gathering
C)adaptation
D)expropriation

Question 66

In Canada,Bill S-21,forbids Canadians (individuals or companies)from ________ foreign governments and public officials.

A)lobbying
B)influencing
C)bribing
D)contacting

Question 67

Which of the following terms refers to the devotion of a people to their nation's interest and advancement?

A)Pluralism
B)Nationalism
C)Capitalism
D)Egalitarianism

Question 68

Which of the following legal systems is based on a detailed set of written rules and statutes that constitute a legal code?

A)International law
B)Civil law
C)Tribal law
D)Common law

Question 69

Governments impose which of the following to help pay for the consequences of using a particular product?

A)Income taxes
B)Consumption taxes
C)Property taxes
D)Value-added taxes

Question 70

A counterfeit Prada backpack that costs $500 in New York but sells for $100 in Rome is an example of which of the following?

A)Patent infringement
B)Pirated product
C)Copyright violation
D)Standardized product

Question 71

Laws designed to prevent companies from fixing prices,sharing markets,and gaining unfair monopoly advantages are called ________.

A)antitrust laws
B)international laws
C)political laws
D)bilateral laws

Question 72

Which of the following is NOT a method of asset seizure?

A)Confiscation
B)Localization
C)Expropriation
D)Nationalization

Question 73

The Canadian legal system is based largely on which of the following?

A)Common law
B)Democratic law
C)Civil law
D)Representative law

Question 74

Which of the following was initially a code governing moral and ethical behaviour that was later extended to govern commercial transactions?

A)Civil law
B)Hindu law
C)Common law
D)Islamic law

Question 75

________ is the forced transfer of assets from a company to the government with compensation.

A)Expropriation
B)Nationalization
C)Confiscation
D)Localization

Question 76

A common law legal system is based on three factors: tradition,precedent,and ________.

A)culture
B)values
C)usage
D)religion

Question 77

________ risk threatens companies within a particular industry.

A)Local content
B)Macro
C)Property
D)Micro

Question 78

A ________ is a right granted to the inventor of a product or process that excludes others from making,using,or selling the invention.

A)patent
B)trademark
C)civil right
D)copyright

Question 79

Which of the following is NOT a method of employing the risk management strategy of adaptation?

A)Partnerships
B)Localization
C)Development assistance
D)Lobbying

Question 80

Scenario: Susan Goes Global with R&R
Susan Smith works in marketing at Reconditioned Refrigerators (R&R),a global manufacturing company.Susan knows that to advance into upper management she must gain broader experience and was recently told that she can choose from several locations in which R&R is active for her first international assignment.Susan knows little about other nations,their cultures,and their political systems,so she has embarked on an ambitious research project to make an informed decision.
If Susan chooses a nation in which representative democracy prevails,she can expect that the country will strive to guarantee all of the following EXCEPT ________.

A)full civil and property rights
B)periodic elections
C)politicized bureaucracy
D)freedom of expression