DOWNLOADgTHEgTestgBankgforgGlobalgBusinessgTodayg9thgEditiongHill
Chapterg02gN
ationalgDifferencesgingPolitical,gEconomic,gandgLegalgSystems
Trueg/gFalsegQuestions
1. Thegtermgpoliticalgeconomygisgusedgtogstressgthegfactgthatgthegpolitical,geconomic,gandglegalgsys
temsgofgagcountrygaregindependentgofgeachgother.
True False
2. Politicalgsystemsgthatgemphasizegcollectivismgtendgtogbegdemocratic,gwhilegpoliticalgsystemsgt
hatgplacegaghighgvaluegongindividualismgtendgtogbegtotalitarian.
True False
3. Platogdidgnotgequategcollectivismgwithgequality.
True False
4. KarlgMarxgadvocatedgstategownershipgofgthegbasicgmeansgofgproduction,gdistribution,gandgexcha
ngeg(i.e.,gbusinesses).
True False
5. Thegsocialgdemocratsgbelievedgthatgsocialismgcouldgbegachievedgonlygthroughgviolentgrevolut
iongandgtotalitariangdictatorship.
True False
6. Bygthegmid-1990s,gcommunismgwasgrisinggworldwide.
True False
2-1
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HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-
HillgEducation.
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7. Onegofgthegtenetsgofgcollectivismgisgthatgthegwelfaregofgsocietygisgbestgservedgbyglettinggp
eoplegpursuegtheirgowngeconomicgself-interest.
True False
8. Ingpracticalgterms,gindividualismgtranslatesgintogangadvocacygforgdemocraticgidealsgandgfreegma
rketgeconomics.
True False
9. ThegColdgWargwasgingmanygrespectsgagwargbetweengcollectivism,gchampionedgbygthegformergS
ovietgUnion,gandgindividualism,gchampionedgbygthegUnitedgStates.
True False
10. Ingpracticalgterms,gcollectivismgcreatesgagmoregfavorablegenvironmentgforginternationalgbusines
sesgtogoperategingthangindividualism.
True False
11. Ingagtotalitariangcountry,gallgthegconstitutionalgguaranteesgongwhichgrepresentativegdemocraciesg
aregbuilt—
angindividual'sgrightgtogfreedomgofgexpressiongandgorganization,gagfreegmedia,gandgregulargele
ctions—aregdeniedgtogthegcitizens.
True False
12. Ingmostgdemocraticgstates,gthosegwhogquestiongthegrightgofgthegrulersgtogrulegfindgthems
elvesgimprisoned,gorgworse.
True False
13. TheggovernmentsgofgChina,gVietnam,gandgLaosgaregcommunistgingnamegonlygbecausegthosegnat
ionsghavegadoptedgwide-ranging,gmarket-basedgeconomicgreforms.
True False
2-2
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14. Allgright-winggdictatorshipsgdisplaygangaffinitygtowardgsocialistgorgcommunistgideas.
True False
15. Ingagpuregcommandgeconomy,gtheggoodsgandgservicesgthatgagcountrygproduces,gthegquantity
gingwhichgtheygaregproduced,gandgthegpricesgatgwhichgtheygaregsoldgaregallgdictatedgbygthegint
eractiongofgdemandgandgsupply.
True False
16. Commandgeconomiesgprovidegagmoregfavorablegenvironmentgforginnovationgandgentreprene
ursgthangmarketgeconomies.
True False
17. Agcommonglawgsystemgtendsgtogbeglessgadversarialgthangagcivilglawgsystem.
True False
18. Whenglawgcourtsginterpretgcivilglaw,gtheygdogsogwithgregardgtogtradition,gprecedent,gandgcustom.
True False
19. Judgesgundergagcivilglawgsystemghaveglessgflexibilitygthangthosegundergagcommonglawgsystem.
True False
20. Islamicglawgisgprimarilygagmoralgrathergthangagcommercialglawgandgisgintendedgtoggoverngallgas
pectsgofglife.
True False
21. Comparedgtogagcommonglawgsystem,gitgisgmoregexpensivegtogdrawgupgcontractsgingagcivi
lglawgjurisdiction.
True False
2-3
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HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-
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22. BygadoptinggthegContractsgforgthegInternationalgSalegofgGoodsg(CIGS),gagnationgsignalsgtogo
thergadoptersgthatgitgwillgtreatgthegconvention'sgrulesgasgpartgofgitsglaw.
True False
23. WhengfirmsgdognotgwishgtogacceptgthegContractsgforgthegInternationalgSalegofgGoods,gtheygofte
ngoptgforgarbitrationgbygagrecognizedgarbitrationgcourtgtogsettlegcontractgdisputes.
True False
24. Intellectualgpropertyglawsgstimulateginnovationgandgcreativegwork.
True False
25. Thegtermg"publicgaction"grefersgtogthegexclusiveglegalgrightsgofgauthors,gcomposers,gplaywrig
hts,gartists,gandgpublishersgtogpublishgandgdispersegtheirgworkgasgtheygseegfit.
True False
26. Liabilityglawsgaregtypicallygthegleastgextensiveginghighlygdevelopedgnations.
True False
27. Whengproductgsafetyglawsgaregtoughergingagfirm'sghomegcountrygthangingagforeigngcountry
,gthegethicalgthinggtogdogisgtogadheregtoghome-countrygstandards.
True False
28. Thegbenefits,gcosts,gandgrisksgassociatedgwithgdoinggbusinessgingagcountrygaregindependentgofg
thatgcountry'sgpolitical,geconomic,gandglegalgsystems.
True False
29. Othergthingsgbeinggequal,gagnationgwithgdemocraticgpoliticalginstitutionsgisgclearlygmoregattractiv
egasgagplacegingwhichgtogdogbusinessgthangagnationgthatglacksgdemocraticginstitutions.
True False
2-4
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HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-
HillgEducation.
mynursytest.store
Chapterg02gN
ationalgDifferencesgingPolitical,gEconomic,gandgLegalgSystems
Trueg/gFalsegQuestions
1. Thegtermgpoliticalgeconomygisgusedgtogstressgthegfactgthatgthegpolitical,geconomic,gandglegalgsys
temsgofgagcountrygaregindependentgofgeachgother.
True False
2. Politicalgsystemsgthatgemphasizegcollectivismgtendgtogbegdemocratic,gwhilegpoliticalgsystemsgt
hatgplacegaghighgvaluegongindividualismgtendgtogbegtotalitarian.
True False
3. Platogdidgnotgequategcollectivismgwithgequality.
True False
4. KarlgMarxgadvocatedgstategownershipgofgthegbasicgmeansgofgproduction,gdistribution,gandgexcha
ngeg(i.e.,gbusinesses).
True False
5. Thegsocialgdemocratsgbelievedgthatgsocialismgcouldgbegachievedgonlygthroughgviolentgrevolut
iongandgtotalitariangdictatorship.
True False
6. Bygthegmid-1990s,gcommunismgwasgrisinggworldwide.
True False
2-1
Copyrightg©g2016gMcGraw-
HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-
HillgEducation.
mynursytest.store
,DOWNLOADgTHEgTestgBankgforgGlobalgBusinessgTodayg9thgEditiongHill
7. Onegofgthegtenetsgofgcollectivismgisgthatgthegwelfaregofgsocietygisgbestgservedgbyglettinggp
eoplegpursuegtheirgowngeconomicgself-interest.
True False
8. Ingpracticalgterms,gindividualismgtranslatesgintogangadvocacygforgdemocraticgidealsgandgfreegma
rketgeconomics.
True False
9. ThegColdgWargwasgingmanygrespectsgagwargbetweengcollectivism,gchampionedgbygthegformergS
ovietgUnion,gandgindividualism,gchampionedgbygthegUnitedgStates.
True False
10. Ingpracticalgterms,gcollectivismgcreatesgagmoregfavorablegenvironmentgforginternationalgbusines
sesgtogoperategingthangindividualism.
True False
11. Ingagtotalitariangcountry,gallgthegconstitutionalgguaranteesgongwhichgrepresentativegdemocraciesg
aregbuilt—
angindividual'sgrightgtogfreedomgofgexpressiongandgorganization,gagfreegmedia,gandgregulargele
ctions—aregdeniedgtogthegcitizens.
True False
12. Ingmostgdemocraticgstates,gthosegwhogquestiongthegrightgofgthegrulersgtogrulegfindgthems
elvesgimprisoned,gorgworse.
True False
13. TheggovernmentsgofgChina,gVietnam,gandgLaosgaregcommunistgingnamegonlygbecausegthosegnat
ionsghavegadoptedgwide-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,gthegquantity
gingwhichgtheygaregproduced,gandgthegpricesgatgwhichgtheygaregsoldgaregallgdictatedgbygthegint
eractiongofgdemandgandgsupply.
True False
16. Commandgeconomiesgprovidegagmoregfavorablegenvironmentgforginnovationgandgentreprene
ursgthangmarketgeconomies.
True False
17. Agcommonglawgsystemgtendsgtogbeglessgadversarialgthangagcivilglawgsystem.
True False
18. Whenglawgcourtsginterpretgcivilglaw,gtheygdogsogwithgregardgtogtradition,gprecedent,gandgcustom.
True False
19. Judgesgundergagcivilglawgsystemghaveglessgflexibilitygthangthosegundergagcommonglawgsystem.
True False
20. Islamicglawgisgprimarilygagmoralgrathergthangagcommercialglawgandgisgintendedgtoggoverngallgas
pectsgofglife.
True False
21. Comparedgtogagcommonglawgsystem,gitgisgmoregexpensivegtogdrawgupgcontractsgingagcivi
lglawgjurisdiction.
True False
2-3
Copyrightg©g2016gMcGraw-
HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-
HillgEducation.
mynursytest.store
, DOWNLOADgTHEgTestgBankgforgGlobalgBusinessgTodayg9thgEditiongHill
22. BygadoptinggthegContractsgforgthegInternationalgSalegofgGoodsg(CIGS),gagnationgsignalsgtogo
thergadoptersgthatgitgwillgtreatgthegconvention'sgrulesgasgpartgofgitsglaw.
True False
23. WhengfirmsgdognotgwishgtogacceptgthegContractsgforgthegInternationalgSalegofgGoods,gtheygofte
ngoptgforgarbitrationgbygagrecognizedgarbitrationgcourtgtogsettlegcontractgdisputes.
True False
24. Intellectualgpropertyglawsgstimulateginnovationgandgcreativegwork.
True False
25. Thegtermg"publicgaction"grefersgtogthegexclusiveglegalgrightsgofgauthors,gcomposers,gplaywrig
hts,gartists,gandgpublishersgtogpublishgandgdispersegtheirgworkgasgtheygseegfit.
True False
26. Liabilityglawsgaregtypicallygthegleastgextensiveginghighlygdevelopedgnations.
True False
27. Whengproductgsafetyglawsgaregtoughergingagfirm'sghomegcountrygthangingagforeigngcountry
,gthegethicalgthinggtogdogisgtogadheregtoghome-countrygstandards.
True False
28. Thegbenefits,gcosts,gandgrisksgassociatedgwithgdoinggbusinessgingagcountrygaregindependentgofg
thatgcountry'sgpolitical,geconomic,gandglegalgsystems.
True False
29. Othergthingsgbeinggequal,gagnationgwithgdemocraticgpoliticalginstitutionsgisgclearlygmoregattractiv
egasgagplacegingwhichgtogdogbusinessgthangagnationgthatglacksgdemocraticginstitutions.
True False
2-4
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HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-
HillgEducation.
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