wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

MGT361 Chapter 7: Legal & Political Force

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

Common law is primarily based on ________.

a)

actions taken by government legislatures

b)

the cumulative wisdom of judges' decisions on individual cases through history

c)

a codification of what is and is not permissible

d)

the officially established rules governing the faith and practice of a particular religion

2.

Civil law is primarily based on ________.

a)

actions taken by local governments

b)

the cumulative wisdom of judges' decisions on individual cases through history

c)

a codification of what is and is not permissible

d)

the officially established rules governing the faith and practice of a particular religion

3.

Religious law is primarily based on ________.

a)

legislative actions

b)

judges' court decisions

c)

codifications of permissible acts

d)

officially established rules governing a faith

4.

In Iran, the religious law is based on the teachings of the ________.

a)

Bible

b)

Quran

c)

Buddha

d)

Napoleonic Code

5.

Under which type of legal system can contracts be broken at the whim of those in power?

a)

religious law

b)

common law

c)

bureaucratic law

d)

civil law

6.

A country restricting access to high-technology goods or withdrawing preferential tariff treatments is using ________.

a)

embargoes

b)

trade limits

c)

sanctions

d)

extraterritoriality

7.

The United States restricts all trade with Cuba. This is an example of a(n) ________.

a)

boycott

b)

tariff

c)

embargo

d)

ban

8.

A country that attempts to regulate business activities that are conducted outside its borders is using ________.

a)

extraterritoriality

b)

embargoes

c)

sanctions

d)

boycotts

9.

_____________refers to the transfer of ownership of resources from the private to the public sector.

a)

Nationalization

b)

Expropriation

c)

Federalization

d)

Conversion

10.

Privatization is ________.

a)

the transfer of ownership of resources from the public to the private sector

b)

a government's regulation of business activities outside its borders

c)

nationalization without compensation

d)

nationalization with compensation

11.

When a company seeks to have a dispute heard in the court system most favorable to its own interests, the company is ________.

a)

forum shopping

b)

adopting the principle of comity

c)

rejecting the principle of comity

d)

engaging in arbitration

12.

________ 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.

a)

Negotiation

b)

Repatriation

c)

Arbitration

d)

Resolution

13.

________ is the risk associated with the potential for the firm's property to be confiscated or expropriated.

a)

Transfer risk

b)

Ownership risk

c)

Operating risk

d)

Exchange rate risk

14.

________ 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.

a)

Transfer risk

b)

Ownership risk

c)

Operating risk

d)

Exchange rate risk

15.

________ 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.

a)

Transfer risk

b)

Ownership risk

c)

Operating risk

d)

Exchange rate risk