MANA 1301 Chapter 6 Questions and Answers

MANA 1301 Chapter 6 Questions and Answers What type of democracy does the United States have? Representative All of the following countries have constitutional monarchies EXCEPT for which nation? a. Japan b. Sweden c. Mexico d. United Kingdom Mexico Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:15 Full screen Brainpower Read More Why would a country with a totalitarian government potentially be viewed as more "stable" than a democracy? Totalitarian states offer more political stability because a dictator is likely to be in power for decades. Under which economic ideology are labor unions controlled by the state? Communism Which country boasts some of the highest labor union membership and participation rates in the world? Finland The majority of businesses in Singapore can be characterized as being privately held and focused on making a profit. There is little interference from the government in the economy. What type of economic ideology does Singapore follow? Capitalism Imagine that a U.S. company was looking to build a new store in Country X. However, the building and permit process was taking longer than expected, leading to a higher level of unplanned expense. The contractors in Country X suggest the process could be sped up by offering certain government officials an "expedition fee." The contractors state it is a common business practice in Country X. What law should the executives in the U.S.-based company be concerned about in this situation? Foreign Corrupt Practices Act (FCPA) A country threatening to nationalize all foreign-owned oil companies within its borders is an example of what type of risk? Micropolitical Google has become so well known it is now used to describe an Internet search function. What concept does this illustrate? genericized trademark The Russian Mafia's ability to extort protection money from businesses in Russia without fear of government authorities is an example of what type of business corruption? Private Which type of legal system allows little room for judges to interpret the law as they see fit? Civil Which type of law includes incarceration as a possible punishment for breaking the law? Criminal Company ABC in the United States and Company XYZ in Germany have a contract dispute but would prefer to settle the matter outside of court. Which of the following offers an alternative means to settle the dispute? Arbitration A drug manufacturer that develops a new cure for cancer would seek what type of intellectual property protection for the formula? Patent Copyright infringement remains a worldwide issue for which industry in particular? Computer software and technology What term describes a political system in which all adult citizens vote directly on matters affecting the community? Athenian democracy What term describes a form of government in which citizens vote to elect given individuals to serve as their representatives for a certain period? Representative Which country is currently the largest nation in the world with a communist economic ideology? China Generally, countries with which economic ideology have shown the highest rates of labor union membership and participation rates? Socialism What term refers to a political risk that only affects a certain industry or set of firms in a given country? Micropolitical What are the two kinds of business corruption? Private and Public Concerns that economic problems or mismanagement in a given country will have a meaningful negative impact on the conduct of business in that country are what type of risks? Economic