Question 1

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 this context, it can be said that Cedia most likely follows the philosophy of:

Accepted Answer

A)  totalitarianism.
B)  socialism.
C)  individualism.
D)  communism.
E)  Marxism.F) None of the above
G) A) and B)

Question 2

What are the various safeguards that are typically enshrined in constitutional law of an ideal representative democracy?

Accepted Answer

To guarantee that elected representative...

Question 3

Which of the following refers to documents that specify the conditions under which an exchange is to occur and detail the rights and obligations of the parties involved?

Accepted Answer

A)  Memoranda
B)  Manifestoes
C)  Contracts
D)  White papers
E)  MinutesF) A) and B)
G) B) and D)

Question 4

The Republic of Marwa has decided to open its economy to globalization. Which of the following will facilitate this decision of Marwa?

Accepted Answer

A)  A strong commitment to communism
B)  A strong presence of private action in the nation
C)  Adopting the Contracts for the International Sale of Goods (CIGS) 
D)  Creating a national environment that promotes public action
E)  Breaking the rule of lawF) All of the above
G) B) and E)

Question 5

Patents, copyrights, and trademarks establish ownership rights over what type of property?

Accepted Answer

A)  Intellectual
B)  Real
C)  Tangible
D)  Non-performing
E)  StolenF) A) and C)
G) C) and D)

Question 6

What are the two ways through which property rights can be violated?

Accepted Answer

Property rights can be violated in two w...

Question 7

In practical terms, individualism translates into an advocacy for democratic ideals and free market economics.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is a form of government in which one person or political party exercises absolute control over all spheres of human life and prohibits opposing political parties?

Accepted Answer

A)  Capitalism
B)  Totalitarianism
C)  Pure democracy
D)  Republicanism
E)  Representative democracyF) C) and E)
G) B) and D)

Question 9

In a totalitarian country, all the constitutional guarantees on which representative democracies are built-an individual's right to freedom of expression and organization, a free media, and regular elections-are denied to the citizens.

Accepted Answer

A) True 
 B)False

Question 10

When firms do not wish to accept the Contracts for the International Sale of Goods, they often opt for arbitration by a recognized arbitration court to settle contract disputes.

Accepted Answer

A) True 
 B)False

Question 11

Describe in brief the different forms of totalitarianism.

Accepted Answer

Four major forms of totalitarianism exis...

Question 12

After the collapse of communism in Dehran, successful business owners often had to pay "protection money" to the mafia or face violent retribution. In the context of property rights, the behavior of the mafia is an example of:

Accepted Answer

A)  active violation.
B)  public action.
C)  private action.
D)  boundary spanning.
E)  industrial espionage.F) A) and D)
G) A) and C)

Question 13

Which of the following is a feature of representative democracy?

Accepted Answer

A)  Restrictions on an individual's right to freedom of expression, opinion, and organization
B)  Inability of the citizens to vote out elected representatives who fail to perform their job adequately at the next election
C)  An unlimited term for elected representatives
D)  A court system that is linked to the political system
E)  A nonpolitical police force and armed serviceF) A) and E)
G) D) and E)

Question 14

Collectivist-inclined totalitarian states tend to enact laws that severely restrict private enterprises, whereas the laws enacted by governments in democratic states, where individualism is the dominant political philosophy, tend to be pro-private enterprise and pro-consumer. This indicates that the:

Accepted Answer

A)  economic system of a country is independent of its legal system.
B)  legal system of a country is not influenced by the prevailing political system.
C)  legal system does not affect the attractiveness of a country as an investment site or market.
D)  all countries have the same legal environments.
E)  the legal framework of a country reflects the rulers' dominant political ideology.F) C) and D)
G) A) and B)

Question 15

In the United States, the Foreign Corrupt Practices Act was passed during the 1970s following revelations that:

Accepted Answer

A)  U.S. companies had bribed government officials in foreign countries in an attempt to win lucrative contracts.
B)  U.S. companies were involved in bribing U.S. government officials in cases related to major corporate and accounting scandals.
C)  U.S. government bureaucrats demanded bribes from U.S. companies in return for a permit to operate in a foreign country.
D)  several companies were selling their products at lower prices in foreign countries than in the United States.
E)  successful business owners in the United States often had to pay "protection money" to the Mafia or face violent retribution.F) B) and E)
G) C) and D)

Question 16

The term "public action" refers to the exclusive legal rights of authors, composers, playwrights, artists, and publishers to publish and disperse their work as they see fit.

Accepted Answer

A) True 
 B)False

Question 17

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:

Accepted Answer

A)  theocratic totalitarianism.
B)  communist totalitarianism.
C)  right-wing totalitarianism.
D)  tribal totalitarianism.
E)  democratic totalitarianism.F) B) and C)
G) A) and E)

Question 18

If a country wants to improve its attractiveness as a place for doing business and as an investment site, it should:

Accepted Answer

A)  oppose the rule of law.
B)  ensure that the economic activity is heavily regulated by the state.
C)  move toward a market-based system.
D)  extensively restrict property rights.
E)  avoid enforcing intellectual property laws.F) C) and D)
G) A) and B)

Question 19

When product safety laws are tougher in a firm's home country than in a foreign country, the ethical thing to do is to adhere to home-country standards.

Accepted Answer

A) True 
 B)False

Question 20

Briefly discuss product safety and liability laws.

Accepted Answer

Product safety laws set certain safety s...

Exam 2: National Differences in Political, Economic, and Legal Systems

When product safety laws are tougher in a firm's home country than in a foreign country, the ethical thing to do is to adhere to home-country standards.

Correct Answer
verified

Briefly discuss product safety and liability laws.

Correct Answer
verified
Product safety laws set certain safety s...
View Answer

After the collapse of communism in Dehran, successful business owners often had to pay "protection money" to the mafia or face violent retribution. In the context of property rights, the behavior of the mafia is an example of:

Correct Answer
verified

The Republic of Marwa has decided to open its economy to globalization. Which of the following will facilitate this decision of Marwa?

Correct Answer
verified

What are the two ways through which property rights can be violated?

Correct Answer
verified
Property rights can be violated in two w...
View Answer

If a country wants to improve its attractiveness as a place for doing business and as an investment site, it should:

Correct Answer
verified

Which of the following refers to documents that specify the conditions under which an exchange is to occur and detail the rights and obligations of the parties involved?

Correct Answer
verified

In the United States, the Foreign Corrupt Practices Act was passed during the 1970s following revelations that:

Correct Answer
verified

In a totalitarian country, all the constitutional guarantees on which representative democracies are built-an individual's right to freedom of expression and organization, a free media, and regular elections-are denied to the citizens.

Correct Answer
verified

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:

Correct Answer
verified

When firms do not wish to accept the Contracts for the International Sale of Goods, they often opt for arbitration by a recognized arbitration court to settle contract disputes.

Correct Answer
verified

Patents, copyrights, and trademarks establish ownership rights over what type of property?

Correct Answer
verified

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 this context, it can be said that Cedia most likely follows the philosophy of:

Correct Answer
verified

The term "public action" refers to the exclusive legal rights of authors, composers, playwrights, artists, and publishers to publish and disperse their work as they see fit.

Correct Answer
verified

In practical terms, individualism translates into an advocacy for democratic ideals and free market economics.

Correct Answer
verified

Correct Answer
verified

Describe in brief the different forms of totalitarianism.

Correct Answer
verified
Four major forms of totalitarianism exis...
View Answer

Which of the following is a feature of representative democracy?

Correct Answer
verified

Which of the following is a form of government in which one person or political party exercises absolute control over all spheres of human life and prohibits opposing political parties?

Correct Answer
verified

What are the various safeguards that are typically enshrined in constitutional law of an ideal representative democracy?

Correct Answer
verified
To guarantee that elected representative...
View Answer

Exam 2: National Differences in Political, Economic, and Legal Systems

When product safety laws are tougher in a firm's home country than in a foreign country, the ethical thing to do is to adhere to home-country standards.

Correct AnswerverifiedShow Answer

Briefly discuss product safety and liability laws.

Correct AnswerverifiedProduct safety laws set certain safety s...View AnswerShow Answer

After the collapse of communism in Dehran, successful business owners often had to pay "protection money" to the mafia or face violent retribution. In the context of property rights, the behavior of the mafia is an example of:

Correct AnswerverifiedShow Answer

The Republic of Marwa has decided to open its economy to globalization. Which of the following will facilitate this decision of Marwa?

Correct AnswerverifiedShow Answer

What are the two ways through which property rights can be violated?

Correct AnswerverifiedProperty rights can be violated in two w...View AnswerShow Answer

If a country wants to improve its attractiveness as a place for doing business and as an investment site, it should:

Correct AnswerverifiedShow Answer

Which of the following refers to documents that specify the conditions under which an exchange is to occur and detail the rights and obligations of the parties involved?

Correct AnswerverifiedShow Answer

In the United States, the Foreign Corrupt Practices Act was passed during the 1970s following revelations that:

Correct AnswerverifiedShow Answer

In a totalitarian country, all the constitutional guarantees on which representative democracies are built-an individual's right to freedom of expression and organization, a free media, and regular elections-are denied to the citizens.

Correct AnswerverifiedShow Answer

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:

Correct AnswerverifiedShow Answer

When firms do not wish to accept the Contracts for the International Sale of Goods, they often opt for arbitration by a recognized arbitration court to settle contract disputes.

Correct AnswerverifiedShow Answer

Patents, copyrights, and trademarks establish ownership rights over what type of property?

Correct AnswerverifiedShow Answer

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 this context, it can be said that Cedia most likely follows the philosophy of:

Correct AnswerverifiedShow Answer

The term "public action" refers to the exclusive legal rights of authors, composers, playwrights, artists, and publishers to publish and disperse their work as they see fit.

Correct AnswerverifiedShow Answer

In practical terms, individualism translates into an advocacy for democratic ideals and free market economics.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Describe in brief the different forms of totalitarianism.

Correct AnswerverifiedFour major forms of totalitarianism exis...View AnswerShow Answer

Which of the following is a feature of representative democracy?

Correct AnswerverifiedShow Answer

Which of the following is a form of government in which one person or political party exercises absolute control over all spheres of human life and prohibits opposing political parties?

Correct AnswerverifiedShow Answer

What are the various safeguards that are typically enshrined in constitutional law of an ideal representative democracy?

Correct AnswerverifiedTo guarantee that elected representative...View AnswerShow Answer

Correct Answer
verified

Correct Answer
verified
Product safety laws set certain safety s...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Property rights can be violated in two w...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Four major forms of totalitarianism exis...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
To guarantee that elected representative...
View Answer