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WorksheetsMGT361 Chapter 7: Legal & Political Force
Total questions: 15
Worksheet time: 8mins
Common law is primarily based on ________.
actions taken by government legislatures
the cumulative wisdom of judges' decisions on individual cases through history
a codification of what is and is not permissible
the officially established rules governing the faith and practice of a particular religion
Civil law is primarily based on ________.
actions taken by local governments
the cumulative wisdom of judges' decisions on individual cases through history
a codification of what is and is not permissible
the officially established rules governing the faith and practice of a particular religion
Religious law is primarily based on ________.
legislative actions
judges' court decisions
codifications of permissible acts
officially established rules governing a faith
In Iran, the religious law is based on the teachings of the ________.
Bible
Quran
Buddha
Napoleonic Code
Under which type of legal system can contracts be broken at the whim of those in power?
religious law
common law
bureaucratic law
civil law
A country restricting access to high-technology goods or withdrawing preferential tariff treatments is using ________.
embargoes
trade limits
sanctions
extraterritoriality
The United States restricts all trade with Cuba. This is an example of a(n) ________.
boycott
tariff
embargo
ban
A country that attempts to regulate business activities that are conducted outside its borders is using ________.
extraterritoriality
embargoes
sanctions
boycotts
_____________refers to the transfer of ownership of resources from the private to the public sector.
Nationalization
Expropriation
Federalization
Conversion
Privatization is ________.
the transfer of ownership of resources from the public to the private sector
a government's regulation of business activities outside its borders
nationalization without compensation
nationalization with compensation
When a company seeks to have a dispute heard in the court system most favorable to its own interests, the company is ________.
forum shopping
adopting the principle of comity
rejecting the principle of comity
engaging in arbitration
________ is the process by which both parties in a conflict agree to submit their cases to a private individual or body whose decision they will honor.
Negotiation
Repatriation
Arbitration
Resolution
________ is the risk associated with the potential for the firm's property to be confiscated or expropriated.
Transfer risk
Ownership risk
Operating risk
Exchange rate risk
________ is the risk associated with the potential for the employees or operations of the firm to be threatened by changes in laws, environmental standards, tax codes, and terrorism.
Transfer risk
Ownership risk
Operating risk
Exchange rate risk
________ is the risk associated with the potential for the government to interfere with the firm's ability to move funds in and out of the country.
Transfer risk
Ownership risk
Operating risk
Exchange rate risk
