A: b. The well-being of the group supersedes the well-being of individuals. The protection of intellectual property rights is guaranteed and enforceable in every country in the world. A: False Country risk is present in select nations.
A: False ________ is seizure of corporate assets with compensation. A: b. Expropriation Which of the following terms refers to the existence of a legal system based on clear rules and fair enforcement? A: d. rule of law Which of the following terms refer to the application of home-country laws to persons or conduct outside national borders? A: b. extraterritoriality Common and Civil Law (Scenario) Zane Computer Corporation is considering the possibility of building a new manufacturing facility in a foreign country in order to lower labor and production costs. The legal department of Zane has raised some issues regarding two countries that are the top contenders for the new facility. The legal system of Country A is based on civil law, while the legal system of Country B is based on common law. Other than the legal systems of the two countries, all other aspects are virtually identical. Zane's legal experts must determine which system would be the most beneficial to Zane in the long-term. Which of the following questions would be more important for Zane legal experts to consider before recommending Country A or Country B? A: c. How would a contractual dispute with a local vendor be resolved? Government agencies, institutions, and public officials influence the manner in which foreign firms conduct business. A: True Which of the following is the LEAST adversarial method of resolving a contractual dispute? A: d. conciliation Which of the following laws is responsible for the ban on cigarette advertisements in France? A: d. marketing and distribution laws Which of the following best explains why India was once characterized by high country risk? A: c. political leaders enacted laws that targeted foreign firms for harassment According to research, which of the following countries is the strongest supporter of free markets? A: China
Tatum Manufacturing recently opened a new facility in Hong Kong. The firm can most likely expect the Hong Kong government to ________. A: ensure fair competition In most cases, governments ________ in order to regulate inflation. A: raise interest rates An economic system is the set of structures and processes that ________ in a country. A: guides the allocation of resources and shapes the conduct of business activities ________ typically results when demand decreases and supply increases. A: Deflation Country X has a significant amount of external debt. Which of the following is the most likely cause? A: The government of Country X borrowed money from other governments The ________ view calls for companies to develop low-cost, high-powered, resource-minimizing innovations that can be marketed to the billions of people living on less than a few dollars a day.
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