GMS 522 - Political & Legal Environments Exam Questions and Answers
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Course
GMS522
Institution
GMS522
Dictatorship - Answer-political & military power concentrated in the hands of a single individual; decisions are made autocratically; those governed have very little say in how they are governed
Oligarchy - Answer-power is concentrated in the hands of a few; little or no input from those being r...
GMS 522 - Political & Legal
Environments Exam Questions and
Answers
Dictatorship - Answer-political & military power concentrated in the hands of a single
individual; decisions are made autocratically; those governed have very little say in how
they are governed
Oligarchy - Answer-power is concentrated in the hands of a few; little or no input from
those being ruled
Democracy - Answer-form of government organization in which all eligible members of
the society have an equal say in how they are governed; have the right to vote and the
right to serve as elected government representatives
Embargoes & Sanctions - Answer-refer to actions taken by national governments which
disrupt the free flow of goods, services and money in order to force a target country to
coexist peacefully with it neighbours and the rest of the world
Export Controls - Answer-imposed by national governments in order to restrict access
by adversarial countries to strategically sensitive products such as uranium; become
instruments of foreign policy designed to keep dual-use materials away from rogue
states or terrorist groups
Import Controls - Answer-imposed by home government; this regulation limit the
quantity of a product that can be imported into the multinational firm's home market;
used to protect a domestic industry or to correct trade imbalances
Boycotts - Answer-firms may refuse to do business with companies from countries
subject to a boycott and consumers may refuse to purchase products from those
countries
Corruption - Answer-generally viewed as the abuse of the public for private gain
Non-Tariff Barriers - Answer-restrict trade flows
Corruption Perception Index (CPI) - Answer-a measurement based on 16 surveys from
10 independent institutions which collect information from businesspeople and country
analysts
Bribe Payers Index (BPI) - Answer-provides a measure of the likelihood that firms
headquartered in various countries will bribe when operating in a foreign country
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