Chapter 3 Quiz Questions
1.)
a)
b)
c)
d)
In November 2002, China joined the
NAFTA
WTO
Mercosur
NCAA
Correct Answer: B
2.)
a)
b)
c)
d)
The primacy of the rights and role of the community is:
individualism
totalitarianism
pluralism
collectivism
Correct Answer: D
3.)
a)
b)
c)
d)
Democratic governments can be:
Conservative
Fascist
Communist
Authoritarian
Correct Answer: A
4.)
a)
b)
c)
d)
The following are free countries except for:
Australia
Canada
Egypt
Belgium
Correct Answer: C
5.)
a)
b)
c)
d)
A legal system that follows the wisdom of daily experience is
common law system
mixed legal system
theocratic law system
customary legal system
Correct Answer: D
1) A non-democratic government may be:
a. Conservative
b. Authoritarian
c. Radical
d. Reactionary
Answer: B
2) An example of Theocratic totalitarianism:
a. Taliban party in Afghanistan
b. Benito Mussolini’s dictatorship in Italy
c. Sadam Hussein’s type of government in Iraq
d. Israel’s parliamentary government
Answer: A
3) Which one is not a type of political risk?
a. Systemic
b. Procedural
c. Arbitrational
d. Catastrophic
Answer: C
4) What country does not use a common law system?
a. Canada
b. England
c. Germany
d. New Zealand
Answer: C
5) What country requires the most bureaucracy considering starting up a business?
a. Belarus
b. Chad
c. Ukraine
d. China
Answer: B
Q1. Intellectual property is ______?
A. The general term for tangible property rights that are a result of intellectual
effort.
B. The general term for intangible property rights that are a result of intellectual
effort.
C. A term meaning thoughts can be protected by the government.
D. Strictly enforced world wide and no one breaks the laws anymore.
Answer: B
Q2. Which of the following is not an impact of laws on international business?
A. National laws affect all local business activities.
B. National laws affect cross-border activities.
C. National laws affect business done in another country.
D. International treaties and conventions may govern some cross-border
transactions.
Answer: C
Q3. Types of political risk, from least to most disruptive are?
A. Systemic, Procedural, Distributive, Catastrophic
B. Procedural, Systemic, Distributive, Catastrophic
C. Catastrophic, Distributive, Procedural, Systemic
D. Distributive, Procedural, Systemic, Catastrophic
Answer: A
Q4. The trend toward democracy is increasing. Key drivers include?
1) Breakdown of totalitarian regimes
2) Improved communication technology
3) Tax breaks for the rich
4) High standards of living
A. 1 and 2
B. 2 and 3
C. 1, 2, and 4
D. 1, 2, and 3
Answer: C
Q5. Political officials and agencies have a(n) ________ role in a collectivist society.
A. absolute
B. extensive
C. non-existent
D. minimal
Answer: B
1.) What type of law system relies heavily on tradition and precedent?
a.)
b.)
c.)
d.)
A civil law system
A common law system
A customary law system
A theocratic law system
2.) What type of risk is it when such events happen such as war or civil/ethnic
discord.
a.) Systemic political risks
b.) Procedural Political risks
c.) Distributive Political risks
d.) Catastrophic political risks
3.) What type of Totalitarian government is Benito Mussolini famous for?
a.)
b.)
c.)
d.)
Authoritarianism
Fascism
Secular totalitarianism
Theocratic Totalitarianism
4.) According to the book what is the one country that is pre dominantly customary
law
a.) India
b.) Norway
c.) Bhutan
d.) Vietnam
5.) Which country has recently surpassed the United States in the most FDI’s?
a.)
b.)
c.)
d.)
Answers: 1…B
2…D
3…B
4…C
5…B
Japan
China
Great Britain
India