Part 2- Ch 2: National Differences in Political, Economic, and L

What political system emphasizes the primacy of collective goals over individual goals?

• Democracy

• Totalitarianism

• Socialism

• Individualism

Which economic system is characterized by government planning of production and pricing?

• Capitalist Economy

• Mixed Economy

• Command Economy

• Market Economy

What is the most common form of democracy today?

• Participatory Democracy

• Social Democracy

• Representative Democracy

• Direct Democracy

Which of the following is NOT a form of totalitarianism?

• Tribal Totalitarianism

• Communist Totalitarianism

• Theocratic Totalitarianism

• Democratic Totalitarianism

What type of legal system is based on detailed laws organized into codes?

• Civil Law

• Common Law

• Customary Law

• Theocratic Law

Which of the following is a characteristic of a market economy?

• Government control of production

• Lack of competition

• Supply and demand determine production

• State ownership of enterprises

What does the Foreign Corrupt Practices Act (FCPA) prohibit?

• Tax evasion

• Insider trading

• Bribing foreign government officials

• Money laundering

Which of the following is a key implication of national differences in political economy for management practice?

• Variability in market attractiveness

• Increased corruption in all countries

• Standardized legal systems

• Uniform business practices across countries

What is the primary focus of socialism?

• Private ownership of production

• Minimizing government intervention

• Public ownership for the common good

• Maximizing individual profits

Which of the following is a method to protect intellectual property?

• Ignoring copyright laws

• Lobbying for better laws

• Avoiding all international markets

• Using generic branding