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63) Country risk is considered similar to ________. A) political risk B) commercial risk C) currency risk D) cross-cultural risk Answer: A 64) Rockwall Enterprises is planning to expand the firm by establishing operations outside of the U.S. In which of the following countries would Rockwall most likely be able to establish operations most quickly? D 65) Which of the following statements is true about the political risks in a global marketing environment? C 66) An individual from a country with a high degree of political risk would most likely be from ________. C 67) An individual from a country with a low degree of political risk would most likely be from ________. A) Venezuela B) Canada C) Zimbabwe D) Iraq Answer: B
13 68) Guanxi, in the Chinese business context, means ________. C 69) Russia is in transition from ________. B 70) The Foreign Corrupt Practices Act forbids U.S. companies from bribing government officials or political candidates in other nations. 71) Managers who take an active approach to political risk management are likely to rely on statistical modeling to quantify the precise degree of political risk. 72) International companies often must customize products to comply with local standards if they are to do business in a particular country. 73) Expropriation is the term used to describe a host-country government seizing the assets of a foreign corporation and providing no compensation in return. 74) Managers who take an active approach to political risk management are likely to rely on statistical modeling to quantify the precise degree of political risk.