BAC 6-Quiz-T2

Which type of legal system relies heavily on judicial precedents?

• Civil law
• Common law
• Religious law
• Customary law

Political stability is important in international business because it:

• Encourages domestic market protection
• Reduces investment risks
• Prevents inflation
• Increases import tariffs

Which economic policy emphasizes protecting domestic industries from global competition?

• Free trade
• Globalization
• Protectionism
• Outsourcing

High-context cultures, such as Japan and China, often rely on:

• Direct communication
• Indirect communication and relationships
• Formal written contracts
• Time-bound negotiations

Which of the following countries is known for practicing civil law?

• United Kingdom
• United States
• France
• Australia

One of the key challenges in cross-cultural communication is:

• Adapting to time zone differences
• Overcoming language barriers
• Understanding market demands
• Monitoring exchange rates

Diplomatic relationships between nations are influenced by:

• Economic policies only
• Legal systems only
• Both legal and political differences
• Natural resources

Economic disparities between nations often result in:

• Even trade agreements
• Different levels of participation in global trade
• Rapid industrialization in poorer countries
• Uniform currency values across nations

A protectionist policy would most likely involve:

• Lowering tariffs on imported goods
• Subsidizing domestic industries
• Expanding foreign investments
• Encouraging foreign companies to compete locally

Countries with which type of economy tend to have more influence in trade negotiations?

• Developing
• Underdeveloped
• Emerging
• Developed