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MGT361-TUTORIAL 2

Total questions: 20

Worksheet time: 11mins

Name
Class
Date
1.

Which of the following are types of legal system being applied around the world?

a)

Common law

b)

Civil law

c)

Bureaucratic law

d)

Religious law

2.

__________ based on cumulative wisdom of judges decision on individual cases through history, custom and tradition.

a)

Common law

b)

Civil law

c)

Bureaucratic law

d)

Religious law

3.

__________ based on codification or detailed listing of wat is and is not permissible.

a)

Common law

b)

Civil law

c)

Bureaucratic law

d)

Religious law

4.

__________ is legal system being practices in communist countries.

a)

Common law

b)

Civil law

c)

Bureaucratic law

d)

Religious law

5.

__________ is based on the officially established rules governing the faith and practices of a particular religion.

a)

Common law

b)

Civil law

c)

Bureaucratic law

d)

Religious law

6.

__________ can be defined as restraints against commerce with certain country.

a)

Sanction

b)

Embargo

c)

Privatization

d)

Expropriation

7.

__________ can be defined as a ban on exporting or importing of good to a particular country.

a)

Sanction

b)

Embargo

c)

Nationalization

d)

Expropriation

8.

__________ is the act of taking an industry or assets into the public ownership of the national government or state.

a)

Nationalization

b)

Expropriation

c)

Confiscation

d)

Domestication

9.

__________ is the involuntary transfer of property, with little or no compensation, from a privately owned firm to the host government.

a)

Nationalization

b)

Expropriation

c)

Confiscation

d)

Domestication

10.

__________ is the act of a government or authority seizing private property for public use, often without the owner's consent which compensating the owner.

a)

Nationalization

b)

Expropriation

c)

Confiscation

d)

Domestication

11.

__________ is the act of host government brings pressure to force a foreign owner to turn over partial ownership to the host country government or host country citizens.

a)

Nationalization

b)

Expropriation

c)

Confiscation

d)

Domestication

12.

__________ is the conversion of state-owned property to privately owned property.

a)

Nationalization

b)

Expropriation

c)

Confiscation

d)

Privatization

13.

Which of the following is the POSITIVE impacts of Multinational Corporations to the host countries?

a)

create job opportunity

b)

government gain tax revenue

c)

local company need to compete directly with MNCs

d)

The host country economy might become to dependent on MNCs

14.

Which of the following is the NEGATIVE impacts of Multinational Corporations to the host countries?

a)

create job opportunity

b)

government gain tax revenue

c)

local company need to compete directly with MNCs

d)

The host country economy might become to dependent on MNCs

15.

Which of the following is NOT dispute resolution for international business?

a)

Confiscation

b)

Forum shopping

c)

Litigation

d)

Arbitration

16.

_____________ means each party to the transaction may seek to have the case heard in the court system most favorable to its own interests.

a)

Forum shopping

b)

Litigation

c)

Arbitration

17.

_____________ it is a process which both parties in the conflict agree to submit their cases to a private individual or body whose decision they will honor.

a)

Forum shopping

b)

Litigation

c)

Arbitration

18.

_____________ it is an act or process of bringing a lawsuit in and of itself, a judicial contest any dispute.

a)

Forum shopping

b)

Litigation

c)

Arbitration

19.

Which of the following are type of political risks?

a)

Ownership risk

b)

Operating risk

c)

Financial risk

d)

Technology risk

20.

Macro-political affects only a specific firm or firm within a specific industry, meanwhile macro-political risk affects all firms in a country.

a)

True

b)

False