BUSI 3250 Auburn Exam 2 Latest 2023/2024 with complete solutions

BUSI 3250 Auburn Exam 2 Latest 2023/2024 with complete solutions Nationalization is also called - ANSExpropriation the taking of private property by a government to make it public - ANSNationalization US Government took over ownership of what company during crisis of ? - ANSGM the selling of government owned property to the private sector to gain more efficiency in business operations, to raise money or to change in political climate/philosophy - ANSPrivatization (why governments sell businesses) Protect the economic activities of citizens. Unfair competition is minimized through - ANSnational laws, negotiations between governments, efforts of institutions like World Bank unlawful acts of violence committed for a wide variety of reasons - ANSterrorism What provides a source of operating funds for terrorists? - ANSKidnapping hijacking and kidnapping on the seas - ANSPiracy any illegal Internet-mediated activity that takes place in electronic networks - ANSCybercrime North Korea tries to hack Pfizer for COVID data is an example of? - ANSCybercrime What are four areas of increasing concern to governments? - ANSprotection from terrorism, piracy, kidnapping, cybercrime and other threats Country Risk Assessment - ANSAn assessment of a country's economic situation and politics to determine how much risk to employees, property, and investment exists for the firm doing business there 6 reasons for restricting trade - ANSProvide for National Defense, Impose Sanctions, Protect an Infant or Dying Industry, Protect Domestic Jobs, Ensure Fair Competition, Retaliate While trade is promoted - in 1982 ag tariffs averaged _______% - in comparison manufactured good tariffs=____% - ANS62%; 4% Reasons to restrict trade to provide for national defense - ANS-Certain industries need protection from imports because they are vital to security -economists say this is a weak argument Reasons to restrict trade to impose sanctions - ANS-Inflict economic damage, punish, or encourage change of behavior -Seldom achieve their goal -Produce collateral economic damage Reasons to restrict trade to Protect an Infant or Dying Industry - ANS-Give infant industries a chance to grow and build comparative advantage