DOWNLOADgTHEgTestgBankgforgGlobalgBusinessgTodayg9thgEditiongHill
Chapterg02g
NationalgDifferencesgingPolitical,gEconomic,gandgLegalgS
ystems
Trueg/gFalsegQuestions
1. Thegtermgpoliticalgeconomygisgusedgtogstressgthegfactgthatgthegpolitical,geconomic,g
andglegalgsystemsgofgagcountrygaregindependentgofgeachgother.
True False
2. Politicalgsystemsgthatgemphasizegcollectivismgtendgtogbegdemocratic,gwhilegpolit
icalgsystemsgthatgplacegaghighgvaluegongindividualismgtendgtogbegtotalitarian.
True False
3. Platogdidgnotgequategcollectivismgwithgequality.
True False
4. KarlgMarxgadvocatedgstategownershipgofgthegbasicgmeansgofgproduction,gdistributio
n,gandgexchangeg(i.e.,gbusinesses).
True False
5. Thegsocialgdemocratsgbelievedgthatgsocialismgcouldgbegachievedgonlygthroughgvi
olentgrevolutiongandgtotalitariangdictatorship.
True False
6. Bygthegmid-1990s,gcommunismgwasgrisinggworldwide.
True False
2-1
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HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-
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7. Onegofgthegtenetsgofgcollectivismgisgthatgthegwelfaregofgsocietygisgbestgservedg
byglettinggpeoplegpursuegtheirgowngeconomicgself-interest.
True False
8. Ingpracticalgterms,gindividualismgtranslatesgintogangadvocacygforgdemocraticgideals
gandgfreegmarketgeconomics.
True False
9. ThegColdgWargwasgingmanygrespectsgagwargbetweengcollectivism,gchampionedgbygt
hegformergSovietgUnion,gandgindividualism,gchampionedgbygthegUnitedgStates.
True False
10. Ingpracticalgterms,gcollectivismgcreatesgagmoregfavorablegenvironmentgforginterna
tionalgbusinessesgtogoperategingthangindividualism.
True False
11. Ingagtotalitariangcountry,gallgthegconstitutionalgguaranteesgongwhichgrepresentative
gdemocraciesgaregbuilt—
angindividual'sgrightgtogfreedomgofgexpressiongandgorganization,gagfreegmedia,gand
gregulargelections—aregdeniedgtogthegcitizens.
True False
12. Ingmostgdemocraticgstates,gthosegwhogquestiongthegrightgofgthegrulersgtogrule
gfindgthemselvesgimprisoned,gorgworse.
True False
13. TheggovernmentsgofgChina,gVietnam,gandgLaosgaregcommunistgingnamegonlygbecau
segthosegnationsghavegadoptedgwide-ranging,gmarket-basedgeconomicgreforms.
True False
2-2
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HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-
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14. Allgright-winggdictatorshipsgdisplaygangaffinitygtowardgsocialistgorgcommunistgideas.
True False
15. Ingagpuregcommandgeconomy,gtheggoodsgandgservicesgthatgagcountrygproduces,gt
hegquantitygingwhichgtheygaregproduced,gandgthegpricesgatgwhichgtheygaregsoldga
regallgdictatedgbygtheginteractiongofgdemandgandgsupply.
True False
16. Commandgeconomiesgprovidegagmoregfavorablegenvironmentgforginnovationgand
gentrepreneursgthangmarketgeconomies.
True False
17. Agcommonglawgsystemgtendsgtogbeglessgadversarialgthangagcivilglawgsystem.
True False
18. Whenglawgcourtsginterpretgcivilglaw,gtheygdogsogwithgregardgtogtradition,gprecedent,gan
dgcustom.
True False
19. Judgesgundergagcivilglawgsystemghaveglessgflexibilitygthangthosegundergagcommonglawgs
ystem.
True False
20. Islamicglawgisgprimarilygagmoralgrathergthangagcommercialglawgandgisgintendedgtog
governgallgaspectsgofglife.
True False
21. Comparedgtogagcommonglawgsystem,gitgisgmoregexpensivegtogdrawgupgcontra
ctsgingagcivilglawgjurisdiction.
True False
2-3
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HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-
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22. BygadoptinggthegContractsgforgthegInternationalgSalegofgGoodsg(CIGS),gagnation
gsignalsgtogothergadoptersgthatgitgwillgtreatgthegconvention'sgrulesgasgpartgofgits
glaw.
True False
23. WhengfirmsgdognotgwishgtogacceptgthegContractsgforgthegInternationalgSalegofgGood
s,gtheygoftengoptgforgarbitrationgbygagrecognizedgarbitrationgcourtgtogsettlegcontrac
tgdisputes.
True False
24. Intellectualgpropertyglawsgstimulateginnovationgandgcreativegwork.
True False
25. Thegtermg"publicgaction"grefersgtogthegexclusiveglegalgrightsgofgauthors,gcompo
sers,gplaywrights,gartists,gandgpublishersgtogpublishgandgdispersegtheirgworkgasg
theygseegfit.
True False
26. Liabilityglawsgaregtypicallygthegleastgextensiveginghighlygdevelopedgnations.
True False
27. Whengproductgsafetyglawsgaregtoughergingagfirm'sghomegcountrygthangingagfor
eigngcountry,gthegethicalgthinggtogdogisgtogadheregtoghome-countrygstandards.
True False
28. Thegbenefits,gcosts,gandgrisksgassociatedgwithgdoinggbusinessgingagcountrygaregin
dependentgofgthatgcountry'sgpolitical,geconomic,gandglegalgsystems.
True False
29. Othergthingsgbeinggequal,gagnationgwithgdemocraticgpoliticalginstitutionsgisgclearlyg
moregattractivegasgagplacegingwhichgtogdogbusinessgthangagnationgthatglacksgdemo
craticginstitutions.
True False
2-4
Copyrightg©g2016gMcGraw-
HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-
HillgEducation.
mynursytest.store
Chapterg02g
NationalgDifferencesgingPolitical,gEconomic,gandgLegalgS
ystems
Trueg/gFalsegQuestions
1. Thegtermgpoliticalgeconomygisgusedgtogstressgthegfactgthatgthegpolitical,geconomic,g
andglegalgsystemsgofgagcountrygaregindependentgofgeachgother.
True False
2. Politicalgsystemsgthatgemphasizegcollectivismgtendgtogbegdemocratic,gwhilegpolit
icalgsystemsgthatgplacegaghighgvaluegongindividualismgtendgtogbegtotalitarian.
True False
3. Platogdidgnotgequategcollectivismgwithgequality.
True False
4. KarlgMarxgadvocatedgstategownershipgofgthegbasicgmeansgofgproduction,gdistributio
n,gandgexchangeg(i.e.,gbusinesses).
True False
5. Thegsocialgdemocratsgbelievedgthatgsocialismgcouldgbegachievedgonlygthroughgvi
olentgrevolutiongandgtotalitariangdictatorship.
True False
6. Bygthegmid-1990s,gcommunismgwasgrisinggworldwide.
True False
2-1
Copyrightg©g2016gMcGraw-
HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-
HillgEducation.
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,DOWNLOADgTHEgTestgBankgforgGlobalgBusinessgTodayg9thgEditiongHill
7. Onegofgthegtenetsgofgcollectivismgisgthatgthegwelfaregofgsocietygisgbestgservedg
byglettinggpeoplegpursuegtheirgowngeconomicgself-interest.
True False
8. Ingpracticalgterms,gindividualismgtranslatesgintogangadvocacygforgdemocraticgideals
gandgfreegmarketgeconomics.
True False
9. ThegColdgWargwasgingmanygrespectsgagwargbetweengcollectivism,gchampionedgbygt
hegformergSovietgUnion,gandgindividualism,gchampionedgbygthegUnitedgStates.
True False
10. Ingpracticalgterms,gcollectivismgcreatesgagmoregfavorablegenvironmentgforginterna
tionalgbusinessesgtogoperategingthangindividualism.
True False
11. Ingagtotalitariangcountry,gallgthegconstitutionalgguaranteesgongwhichgrepresentative
gdemocraciesgaregbuilt—
angindividual'sgrightgtogfreedomgofgexpressiongandgorganization,gagfreegmedia,gand
gregulargelections—aregdeniedgtogthegcitizens.
True False
12. Ingmostgdemocraticgstates,gthosegwhogquestiongthegrightgofgthegrulersgtogrule
gfindgthemselvesgimprisoned,gorgworse.
True False
13. TheggovernmentsgofgChina,gVietnam,gandgLaosgaregcommunistgingnamegonlygbecau
segthosegnationsghavegadoptedgwide-ranging,gmarket-basedgeconomicgreforms.
True False
2-2
Copyrightg©g2016gMcGraw-
HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-
HillgEducation.
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,DOWNLOADgTHEgTestgBankgforgGlobalgBusinessgTodayg9thgEditiongHill
14. Allgright-winggdictatorshipsgdisplaygangaffinitygtowardgsocialistgorgcommunistgideas.
True False
15. Ingagpuregcommandgeconomy,gtheggoodsgandgservicesgthatgagcountrygproduces,gt
hegquantitygingwhichgtheygaregproduced,gandgthegpricesgatgwhichgtheygaregsoldga
regallgdictatedgbygtheginteractiongofgdemandgandgsupply.
True False
16. Commandgeconomiesgprovidegagmoregfavorablegenvironmentgforginnovationgand
gentrepreneursgthangmarketgeconomies.
True False
17. Agcommonglawgsystemgtendsgtogbeglessgadversarialgthangagcivilglawgsystem.
True False
18. Whenglawgcourtsginterpretgcivilglaw,gtheygdogsogwithgregardgtogtradition,gprecedent,gan
dgcustom.
True False
19. Judgesgundergagcivilglawgsystemghaveglessgflexibilitygthangthosegundergagcommonglawgs
ystem.
True False
20. Islamicglawgisgprimarilygagmoralgrathergthangagcommercialglawgandgisgintendedgtog
governgallgaspectsgofglife.
True False
21. Comparedgtogagcommonglawgsystem,gitgisgmoregexpensivegtogdrawgupgcontra
ctsgingagcivilglawgjurisdiction.
True False
2-3
Copyrightg©g2016gMcGraw-
HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-
HillgEducation.
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, DOWNLOADgTHEgTestgBankgforgGlobalgBusinessgTodayg9thgEditiongHill
22. BygadoptinggthegContractsgforgthegInternationalgSalegofgGoodsg(CIGS),gagnation
gsignalsgtogothergadoptersgthatgitgwillgtreatgthegconvention'sgrulesgasgpartgofgits
glaw.
True False
23. WhengfirmsgdognotgwishgtogacceptgthegContractsgforgthegInternationalgSalegofgGood
s,gtheygoftengoptgforgarbitrationgbygagrecognizedgarbitrationgcourtgtogsettlegcontrac
tgdisputes.
True False
24. Intellectualgpropertyglawsgstimulateginnovationgandgcreativegwork.
True False
25. Thegtermg"publicgaction"grefersgtogthegexclusiveglegalgrightsgofgauthors,gcompo
sers,gplaywrights,gartists,gandgpublishersgtogpublishgandgdispersegtheirgworkgasg
theygseegfit.
True False
26. Liabilityglawsgaregtypicallygthegleastgextensiveginghighlygdevelopedgnations.
True False
27. Whengproductgsafetyglawsgaregtoughergingagfirm'sghomegcountrygthangingagfor
eigngcountry,gthegethicalgthinggtogdogisgtogadheregtoghome-countrygstandards.
True False
28. Thegbenefits,gcosts,gandgrisksgassociatedgwithgdoinggbusinessgingagcountrygaregin
dependentgofgthatgcountry'sgpolitical,geconomic,gandglegalgsystems.
True False
29. Othergthingsgbeinggequal,gagnationgwithgdemocraticgpoliticalginstitutionsgisgclearlyg
moregattractivegasgagplacegingwhichgtogdogbusinessgthangagnationgthatglacksgdemo
craticginstitutions.
True False
2-4
Copyrightg©g2016gMcGraw-
HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-
HillgEducation.
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