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Ch 3 Quiz Questions

Right Wing Totalitarianism
Under ________ the government endorses private ownership of property and a market-based economy but grants little or no political freedom.
both believe that the government should control all types of economic activity
What do communists and socialists have in common?
companies have to contend with the interference of local political opposition
Which of the following is a disadvantage of conducting business in totalitarian nations?
The resolution of contractual dispute with local vendors
Which of the following factors should the legal experts of Wayne’s consider while evaluating the legal systems of Paribo and Kirawi?
it’s government doesn’t enforce product liability
Which of the following, if true, demonstrates that Kirawi has an unstable business environment?
Leaders rule without the explicit approval of the people
Which of the following is a characteristic of totalitarian governments?
Trademark Infringement
Shimmer and Sparkle is an American jewellery store which discovers that several shops in developing countries are selling counterfeited necklaces under their name and label. Which of the following problems are they facing?
FALSE
Pluralistic political systems include authoritarian regimes such as communism and fascism.
Theocracy
Susan also decides not to set up production facilities in Margazo, a country which functions by a strict set of religious tenets, because some of them contradict her company’s work policy. Expecting potential employees to break away from these traditions is not an option since religion plays an important role in the functioning of the nation. What kind of political system prevails in Margazo ?
Confiscation
Had the government taken over the assets of Global Trading without compensation, and not taken over the assets of any other company, the government’s actions would be an example of ________.
righteous moralist
The ________ view says that a company should maintain its home-country ethics wherever it operates because the home-country’s view of ethics and responsibility is superior to others’ views.
Totalitarianism
Which of the following political ideologies states that every aspect of people’s lives must be controlled for a nation’s political system to be effective?
capitalism
Which of the following philosophies asserts that ownership of the means of production belongs in the hands of individuals and private businesses?
Refusal to pay a bribe can result in forfeiture of investments in the country
Which of the following is a disadvantage of conducting business in totalitarian nations?
FALSE
The most peaceful nations today are those that were once controlled and stabilized by colonial powers.
The law is based on a detailed set of written rules that constitute legal code
Which of the following statements is true of Paribo, a democratic nation whose legal system is based on civil law?
TRUE
In a coalition government, the strongest political parties share power by dividing government responsibilities among themselves.
FALSE
Developing nations have the toughest product liability laws, while developed countries have more relaxed laws.
FALSE
Economic socialism won the battle over communist totalitarianism and capitalism.
Risk Management
________ is the layer of corporate social responsibility whereby a company develops a code of conduct that it will follow in its global operations and agrees to operate with greater transparency.
TRUE
A value-added tax is a tax levied on each party that adds value to a product throughout its production and distribution.
Valmira’s legal system protects individual property rights satisfactory
Susan finally settles upon Valmira because it has a stable business environment. Which of the following factors, if true, proves her decision to be a good one?
Traditional Philanthropy
________ is the layer of corporate social responsibility whereby a corporation donates money and, perhaps, employee time toward a specific social cause.
Common Law
The U.S. legal system is largely based on ________.
TRUE
Corporate social responsibility is the practice of going beyond legal obligations to actively balance commitments to investors, customers, other companies, and communities.
Totalitarianism
Konesia is a country whose political leaders do not tolerate opposing viewpoints and often suppress or punish dissidents. The lives of Konesians are tightly controlled by its rulers. Which of the following political systems prevails in the country?
Local Content Requirements
Susan is worried that San Tarino’s demand that she must use locally available raw material and employ local workers might interfere with the quality and efficiency of her business. San Tarino, on the other hand, views this as a way to foster local business activity and lessen regional unemployment. What are these laws called?
TRUE
Lobbying is the policy of hiring people to represent a company’s views on political matters.
Consumption Taxes
Which of the following do governments impose upon people to help pay for the consequences of using a particular product?

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