Management 1301 Questions and
Answers
_____ democracy is a pure form of democracy, in which all adult male non-slave
citizens vote directly on matters affecting the community. - answer Anthenian
_____ democracy is a form of government in which citizens vote to elect given
individuals to serve as their representatives for a certain period of time. - answer
Representative
_____ is currently the largest nation in the world with a communist economic ideology. -
answer China
A(n) _____ risks refers to a political risk that only affects a certain industry or set of
firms in a given country. - answer micropolitical
Which of the following is considered to be the most dangerous country in the world, with
its considerable piracy and general unrest? - answer Somalia
There are essentially two kinds of business corruption: _____ corruption and _____
corruption. - answer private; public
The risks that economic problems or mismanagement in a given country will have a
meaningful negative impact upon the conduct of business in that country are called
_____ risks. - answer economic
A(n) _____ risk refers to a political risk that affects all businesses in a given country. -
answer macropolitical
Which of the following countries was listed as the world's most dangerous in 2013? -
answer Somalia
There are essentially _____ kinds of business corruption. - answer 2 (two)
The United States follows a _____ law legal system. - answer common
_____ law is the body of law governing legally enforceable agreements between parties
to engage in economic exchange. - answer Contract