Global Business (POLC) | questions and answers | 2026
Which negative outcome on political systems comes from 3. Creation of isolationist
policies globalization?
1. Increase in the number of laws
2. Increase in the amount of taxes
3.Creation of isolationist policies
4. Creation of translation problems
Which type of legal system is based on a code and 2.
Civil focuses on how the law is applied to the facts?
The civil law system is an inquisitorial system where the judge investigates the facts
1. Religious of the case.
2. Civil
3.Common
4.Theocratic
Which law is based on tradition and precedent given that
Common
judicial rulings can stand as precedents for future cases?
Theocratic In common law systems, judges hear arguments from both parties and make a
Religious judgment. This judgment stands as precedent for future
cases. Civil
Common
,Which legal system can vary from community to 2. Customary
community and is found in countries without strong formal
justice systems? This is generally found at the tribal or local level, is based on longstanding local
customs, and is often transmitted orally.
1. Canon
2. Customary
3.Civil
4. Common
In which legal system does a judge decide the applicable 2.
Common law for the case as a jury determines the facts?
In common law systems, while a jury may determine the facts, a judge decides
1. Civil which law will be applied to the case. Jury has the last say
2. Common
3.Canon
4. Customary
Which factor results in a higher rate of globalization? Reduced trade barriers
1. Reduced trade barriers
2.Lower cross-border migration
3.Higher costs of doing business
4. Decreased direct foreign investment
What are the four factors in Ghemawat's CAGE analysis? 4. Culture, Administration, Geography, Economy
1. Culture, administration, government, environment
2. Culture, agriculture, government, economy
3.Culture, agriculture, geography, environment
4. Culture, administration, geography, economy
What is a major drawback to the home country when 2. Loss of manufacturing jobs
companies outsource manufacturing jobs to countries
with lower worker wages?
1. Higher taxes
2. Loss of manufacturing jobs
3.Increased manufacturing costs
4. Decreased focus on research and development
A country has a characteristic traditional economic 3. The globalization process is at a disadvantage as the country has a
lower system with poor infrastructure and limited economic standard of living.
opportunity. What is the impact of this system on the
process of globalization?
1. The globalization process is unaffected as the
system does not hinder the process.
2. The globalization process has shortcomings as
there are conflicts with other countries.
3. The globalization process is at a disadvantage
as the country has a lower standard of living.
4.The globalization process is steady as the country
is not vulnerable to the impact of globalization.
, What is a characteristic of a market economy? 4. Firms seek to maximize profits.
1. Government regulation is abundant. Productivity and profitability are
increasing.
2. Production is based on traditions.
3.Goods and services are publicly owned.
4. Firms seek to maximize profits.
Which impact does Islamic law directly have on 1. It forbids charging interest.
businesses?
1. It forbids charging interest.
2. It commercializes the legal system.
3.It prohibits sale-buyback of businesses.
4. It limits the globalization of business.
A. Which institution helps to maintain availability of global A.3. International Monetary Fund
funding?
1. The World Bank
2. The Federal Reserve
3.International Monetary Fund
4. International Finance Corporation
B. Which institution helps to maintain availability of global B.3. International Monetary Fund
financing to solve trade deficit issues
1. The World Bank
2. The Federal Reserve
3.International Monetary Fund
4. International Finance Corporation
What is the current focus of the World Bank? 2. Improving quality of life
1. Maximizing profitability
2. Improving quality of life
3.Supporting structural development
4. Maintaining equity between developing economies
For which concern has the World Trade Organization 1. Influence of free trade policies on labor
rights been criticized?
1. Influence of free trade policies on labor
rights Impact of tariffs set by developing
nations Impact of high tariffs on agricultural
products
4. Influence of free trade policies on human trafficking
Which negative outcome on political systems comes from 3. Creation of isolationist
policies globalization?
1. Increase in the number of laws
2. Increase in the amount of taxes
3.Creation of isolationist policies
4. Creation of translation problems
Which type of legal system is based on a code and 2.
Civil focuses on how the law is applied to the facts?
The civil law system is an inquisitorial system where the judge investigates the facts
1. Religious of the case.
2. Civil
3.Common
4.Theocratic
Which law is based on tradition and precedent given that
Common
judicial rulings can stand as precedents for future cases?
Theocratic In common law systems, judges hear arguments from both parties and make a
Religious judgment. This judgment stands as precedent for future
cases. Civil
Common
,Which legal system can vary from community to 2. Customary
community and is found in countries without strong formal
justice systems? This is generally found at the tribal or local level, is based on longstanding local
customs, and is often transmitted orally.
1. Canon
2. Customary
3.Civil
4. Common
In which legal system does a judge decide the applicable 2.
Common law for the case as a jury determines the facts?
In common law systems, while a jury may determine the facts, a judge decides
1. Civil which law will be applied to the case. Jury has the last say
2. Common
3.Canon
4. Customary
Which factor results in a higher rate of globalization? Reduced trade barriers
1. Reduced trade barriers
2.Lower cross-border migration
3.Higher costs of doing business
4. Decreased direct foreign investment
What are the four factors in Ghemawat's CAGE analysis? 4. Culture, Administration, Geography, Economy
1. Culture, administration, government, environment
2. Culture, agriculture, government, economy
3.Culture, agriculture, geography, environment
4. Culture, administration, geography, economy
What is a major drawback to the home country when 2. Loss of manufacturing jobs
companies outsource manufacturing jobs to countries
with lower worker wages?
1. Higher taxes
2. Loss of manufacturing jobs
3.Increased manufacturing costs
4. Decreased focus on research and development
A country has a characteristic traditional economic 3. The globalization process is at a disadvantage as the country has a
lower system with poor infrastructure and limited economic standard of living.
opportunity. What is the impact of this system on the
process of globalization?
1. The globalization process is unaffected as the
system does not hinder the process.
2. The globalization process has shortcomings as
there are conflicts with other countries.
3. The globalization process is at a disadvantage
as the country has a lower standard of living.
4.The globalization process is steady as the country
is not vulnerable to the impact of globalization.
, What is a characteristic of a market economy? 4. Firms seek to maximize profits.
1. Government regulation is abundant. Productivity and profitability are
increasing.
2. Production is based on traditions.
3.Goods and services are publicly owned.
4. Firms seek to maximize profits.
Which impact does Islamic law directly have on 1. It forbids charging interest.
businesses?
1. It forbids charging interest.
2. It commercializes the legal system.
3.It prohibits sale-buyback of businesses.
4. It limits the globalization of business.
A. Which institution helps to maintain availability of global A.3. International Monetary Fund
funding?
1. The World Bank
2. The Federal Reserve
3.International Monetary Fund
4. International Finance Corporation
B. Which institution helps to maintain availability of global B.3. International Monetary Fund
financing to solve trade deficit issues
1. The World Bank
2. The Federal Reserve
3.International Monetary Fund
4. International Finance Corporation
What is the current focus of the World Bank? 2. Improving quality of life
1. Maximizing profitability
2. Improving quality of life
3.Supporting structural development
4. Maintaining equity between developing economies
For which concern has the World Trade Organization 1. Influence of free trade policies on labor
rights been criticized?
1. Influence of free trade policies on labor
rights Impact of tariffs set by developing
nations Impact of high tariffs on agricultural
products
4. Influence of free trade policies on human trafficking
