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BUSI 3250 Exam 2 Questions and Answers
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BUSI 3250 Exam 2 Questions and Answers
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BUSI 3250 Exam 2 Questions andAnswers
nationalization - Answer-Changing something from private to state ownership or control,
why governments get involved (ex. USPS)
Privatization - Answer-To change from government or public ownership or control to
private ownership or control, why governments sell businesses
Four Areas of Increasing Concern to Governments - Answer-- terrorism
- kidnapping
- piracy
- cybercrime
Country Risk Assessment - Answer-An assessment of a country's economic situation
and politics to determine how much risk to employees, property, and investment exists
for the firm doing business there
Reasons for restricting trade - Answer--Provide for national defense
-Impose sanctions
-Protect an infant or dying industry
-Protect domestic jobs
-Ensure fair competition
-Retaliate
-Increased revenue
Quantitative Barriers - Answer-- quotas
- absolute
- tariff rate
Nonquantitative Nontariff Barriers - Answer--Direct government participation in trade
-Customs and other administrative procedures
-Standards
Civil Law - Answer-written not interpreted, judge issues the decision
Common Law - Answer-A legal system based on custom and court rulings, more need
for jury
Religious Law - Answer-based on the officially established rules governing the faith and
practice of a particular religion
International Law - Answer-A body of rules that binds states and other agents in world
politics and is considered to have the status of law
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