WorksheetsMGT361-TUTORIAL 2
Total questions: 20
Worksheet time: 11mins
Which of the following are types of legal system being applied around the world?
Common law
Civil law
Bureaucratic law
Religious law
__________ based on cumulative wisdom of judges decision on individual cases through history, custom and tradition.
Common law
Civil law
Bureaucratic law
Religious law
__________ based on codification or detailed listing of wat is and is not permissible.
Common law
Civil law
Bureaucratic law
Religious law
__________ is legal system being practices in communist countries.
Common law
Civil law
Bureaucratic law
Religious law
__________ is based on the officially established rules governing the faith and practices of a particular religion.
Common law
Civil law
Bureaucratic law
Religious law
__________ can be defined as restraints against commerce with certain country.
Sanction
Embargo
Privatization
Expropriation
__________ can be defined as a ban on exporting or importing of good to a particular country.
Sanction
Embargo
Nationalization
Expropriation
__________ is the act of taking an industry or assets into the public ownership of the national government or state.
Nationalization
Expropriation
Confiscation
Domestication
__________ is the involuntary transfer of property, with little or no compensation, from a privately owned firm to the host government.
Nationalization
Expropriation
Confiscation
Domestication
__________ is the act of a government or authority seizing private property for public use, often without the owner's consent which compensating the owner.
Nationalization
Expropriation
Confiscation
Domestication
__________ 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.
Nationalization
Expropriation
Confiscation
Domestication
__________ is the conversion of state-owned property to privately owned property.
Nationalization
Expropriation
Confiscation
Privatization
Which of the following is the POSITIVE impacts of Multinational Corporations to the host countries?
create job opportunity
government gain tax revenue
local company need to compete directly with MNCs
The host country economy might become to dependent on MNCs
Which of the following is the NEGATIVE impacts of Multinational Corporations to the host countries?
create job opportunity
government gain tax revenue
local company need to compete directly with MNCs
The host country economy might become to dependent on MNCs
Which of the following is NOT dispute resolution for international business?
Confiscation
Forum shopping
Litigation
Arbitration
_____________ means each party to the transaction may seek to have the case heard in the court system most favorable to its own interests.
Forum shopping
Litigation
Arbitration
_____________ 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.
Forum shopping
Litigation
Arbitration
_____________ it is an act or process of bringing a lawsuit in and of itself, a judicial contest any dispute.
Forum shopping
Litigation
Arbitration
Which of the following are type of political risks?
Ownership risk
Operating risk
Financial risk
Technology risk
Macro-political affects only a specific firm or firm within a specific industry, meanwhile macro-political risk affects all firms in a country.
True
False
