BUSN 207: M02 Quiz
Which political risk is indicated when the laws of the foreign country stipulate a specified
amount of goods or services be supplied by produce in the domesticmarket?
A. Policy change
B. Antitrust laws
C. Property seizure
D. Local content requirements
E. Confiscation - ANS-D. Local content requirements
Which of the following is NOT one of theworld's politicalideologies?
A. Pluralism
B. Theocratic totalitarianism
C. Anarchism
D. Corporate social responsibility
E. Totalitarianism - ANS-D. Corporate Social responsibility
Which one of the following describes intellectualproperty?
A. A right granted to the inventor of a product or process that excludes others from
making, using, or selling the invention
B. The legal rights to resources and any income they generate
C. Property that results frompeople's intellectual talent and abilities
D. A word or symbol that distinguishes a product and its manufacturer.
E. Includes patents andtrademarks, which are often afirm's most valuable assets. -
ANS-C. Property that results frompeople's intellectual talent and abilities
Political and social problems pose threats toChina's future economic performance.
Which one of the following potential challenges is largely the result ofChina's
privatization of itsindustry?
A. Relationship with Taiwan
B. Unemployment
, C. Factory worker strikes
D. China's regaining control of Hong Kong
E. Poor relations with ethnic minority - ANS-B. Unemployment
Which one of the following statements about doing business in totalitarian countries is
TRUE?
A. International companies are not allowed to pay bribes to government officials.
B. Possible property seizure and policy changes can take place and require advance
notice and compensation.
C. Laws regarding the resolution of contractual disputes are either vague or
nonexistence.
D. People in power are bound by thecourts' interpretations of the laws.
E. The government has far less direct involvement. - ANS-C. Laws regarding the
resolution of contractual disputes are either vague or nonexistence.
In which type of economy is the majority of anation's land,factories, and other
economic resources privatelyowned, either by businesses or byindividuals?
A. Laissez-faire economy
B. Liberalism
C. Centrally planned economy
D. Mixed economy
E. Market economy - ANS-E. Market economy
Economic transition involves changing anation's fundamental economic organization
and creating entirely newfree-market institutions. Some of the key reform measures to
promote economic development include________.
A. reducing budgetdeficits, increasing tariff charges on all importedgoods, and strict
investment laws
B. reducing budgetdeficits, legalizingprivatization, and controlling selling prices
C. limiting credit availability to control money supply and stabilize the economy
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