DOWNLOAD THE Test Bank for Global Business Today 9th Edition Hill
f f f f f f f f f f
Chapter 02 f f
National Differences in Political, Economic, and Legal Systems
f f f f f f f
Truef/fFalsefQuestions
1. Theftermfpoliticalfeconomyfisfusedftofstressftheffactfthatfthefpolitical,feconomic,fandflegalfsystemsfoffafc
ountryfarefindependentfoffeachfother.
True False
2. Politicalfsystemsfthatfemphasizefcollectivismftendftofbefdemocratic,fwhilefpoliticalfsystemsfthatfpla
cefafhighfvaluefonfindividualismftendftofbeftotalitarian.
True False
3. Platofdidfnotfequatefcollectivismfwithfequality.
True False
4. KarlfMarxfadvocatedfstatefownershipfoffthefbasicfmeansfoffproduction,fdistribution,fandfexchangef(i.e.,
businesses).
f
True False
5. Thefsocialfdemocratsfbelievedfthatfsocialismfcouldfbefachievedfonlyfthroughfviolentfrevolutionfan
dftotalitarianfdictatorship.
True False
6. Byfthefmid-1990s,fcommunismfwasfrisingfworldwide.
True False
2-1
Copyrightf©f2016fMcGraw-
HillfEducation.fAllfrightsfreserved.fNofreproductionforfdistributionfwithoutfthefpriorfwrittenfconsentfoffMcGraw-HillfEducation.
mynursytest.store
,DOWNLOAD THE Test Bank for Global Business Today 9th Edition Hill
f f f f f f f f f f
7. Onefofftheftenetsfoffcollectivismfisfthatfthefwelfarefoffsocietyfisfbestfservedfbyflettingfpeoplefpurs
ueftheirfownfeconomicfself-interest.
True False
8. Infpracticalfterms,findividualismftranslatesfintofanfadvocacyfforfdemocraticfidealsfandffreefmarketfeco
nomics.
True False
9. ThefColdfWarfwasfinfmanyfrespectsfafwarfbetweenfcollectivism,fchampionedfbyfthefformerfSovietfUnio
n,fandfindividualism,fchampionedfbyfthefUnitedfStates.
True False
10. Infpracticalfterms,fcollectivismfcreatesfafmoreffavorablefenvironmentfforfinternationalfbusinessesftof
operatefinfthanfindividualism.
True False
11. Infaftotalitarianfcountry,fallfthefconstitutionalfguaranteesfonfwhichfrepresentativefdemocraciesfarefbuil
t—
anfindividual'sfrightftoffreedomfoffexpressionfandforganization,faffreefmedia,fandfregularfelections—
arefdeniedftofthefcitizens.
True False
12. Infmostfdemocraticfstates,fthosefwhofquestionfthefrightfoffthefrulersftofruleffindfthemselvesfimpr
isoned,forfworse.
True False
13. ThefgovernmentsfoffChina,fVietnam,fandfLaosfarefcommunistfinfnamefonlyfbecausefthosefnationsfhav
efadoptedfwide-ranging,fmarket-basedfeconomicfreforms.
True False
2-2
Copyrightf©f2016fMcGraw-
HillfEducation.fAllfrightsfreserved.fNofreproductionforfdistributionfwithoutfthefpriorfwrittenfconsentfoffMcGraw-HillfEducation.
mynursytest.store
,DOWNLOAD THE Test Bank for Global Business Today 9th Edition Hill
f f f f f f f f f f
14. Allfright-wingfdictatorshipsfdisplayfanfaffinityftowardfsocialistforfcommunistfideas.
True False
15. Infafpurefcommandfeconomy,fthefgoodsfandfservicesfthatfafcountryfproduces,fthefquantityfinfwhichf
theyfarefproduced,fandfthefpricesfatfwhichftheyfarefsoldfarefallfdictatedfbyfthefinteractionfoffdemandf
andfsupply.
True False
16. Commandfeconomiesfprovidefafmoreffavorablefenvironmentfforfinnovationfandfentrepreneursfth
anfmarketfeconomies.
True False
17. Afcommonflawfsystemftendsftofbeflessfadversarialfthanfafcivilflawfsystem.
True False
18. Whenflawfcourtsfinterpretfcivilflaw,ftheyfdofsofwithfregardftoftradition,fprecedent,fandfcustom.
True False
19. Judgesfunderfafcivilflawfsystemfhaveflessfflexibilityfthanfthosefunderfafcommonflawfsystem.
True False
20. Islamicflawfisfprimarilyfafmoralfratherfthanfafcommercialflawfandfisfintendedftofgovernfallfaspectsfofflif
e.
True False
21. Comparedftofafcommonflawfsystem,fitfisfmorefexpensiveftofdrawfupfcontractsfinfafcivilflawfjurisd
iction.
True False
2-3
Copyrightf©f2016fMcGraw-
HillfEducation.fAllfrightsfreserved.fNofreproductionforfdistributionfwithoutfthefpriorfwrittenfconsentfoffMcGraw-HillfEducation.
mynursytest.store
, DOWNLOAD THE Test Bank for Global Business Today 9th Edition Hill
f f f f f f f f f f
22. ByfadoptingfthefContractsfforfthefInternationalfSalefoffGoodsf(CIGS),fafnationfsignalsftofotherfado
ptersfthatfitfwillftreatfthefconvention'sfrulesfasfpartfoffitsflaw.
True False
23. WhenffirmsfdofnotfwishftofacceptfthefContractsfforfthefInternationalfSalefoffGoods,ftheyfoftenfoptfforfar
bitrationfbyfafrecognizedfarbitrationfcourtftofsettlefcontractfdisputes.
True False
24. Intellectualfpropertyflawsfstimulatefinnovationfandfcreativefwork.
True False
25. Theftermf"publicfaction"frefersftofthefexclusiveflegalfrightsfoffauthors,fcomposers,fplaywrights,farti
sts,fandfpublishersftofpublishfandfdisperseftheirfworkfasftheyfseeffit.
True False
26. Liabilityflawsfareftypicallyfthefleastfextensivefinfhighlyfdevelopedfnations.
True False
27. Whenfproductfsafetyflawsfareftougherfinfaffirm'sfhomefcountryfthanfinfafforeignfcountry,fthefethic
alfthingftofdofisftofadhereftofhome-countryfstandards.
True False
28. Thefbenefits,fcosts,fandfrisksfassociatedfwithfdoingfbusinessfinfafcountryfarefindependentfoffthatfcou
ntry'sfpolitical,feconomic,fandflegalfsystems.
True False
29. Otherfthingsfbeingfequal,fafnationfwithfdemocraticfpoliticalfinstitutionsfisfclearlyfmorefattractivefasfafpl
acefinfwhichftofdofbusinessfthanfafnationfthatflacksfdemocraticfinstitutions.
True False
2-4
Copyrightf©f2016fMcGraw-
HillfEducation.fAllfrightsfreserved.fNofreproductionforfdistributionfwithoutfthefpriorfwrittenfconsentfoffMcGraw-HillfEducation.
mynursytest.store
f f f f f f f f f f
Chapter 02 f f
National Differences in Political, Economic, and Legal Systems
f f f f f f f
Truef/fFalsefQuestions
1. Theftermfpoliticalfeconomyfisfusedftofstressftheffactfthatfthefpolitical,feconomic,fandflegalfsystemsfoffafc
ountryfarefindependentfoffeachfother.
True False
2. Politicalfsystemsfthatfemphasizefcollectivismftendftofbefdemocratic,fwhilefpoliticalfsystemsfthatfpla
cefafhighfvaluefonfindividualismftendftofbeftotalitarian.
True False
3. Platofdidfnotfequatefcollectivismfwithfequality.
True False
4. KarlfMarxfadvocatedfstatefownershipfoffthefbasicfmeansfoffproduction,fdistribution,fandfexchangef(i.e.,
businesses).
f
True False
5. Thefsocialfdemocratsfbelievedfthatfsocialismfcouldfbefachievedfonlyfthroughfviolentfrevolutionfan
dftotalitarianfdictatorship.
True False
6. Byfthefmid-1990s,fcommunismfwasfrisingfworldwide.
True False
2-1
Copyrightf©f2016fMcGraw-
HillfEducation.fAllfrightsfreserved.fNofreproductionforfdistributionfwithoutfthefpriorfwrittenfconsentfoffMcGraw-HillfEducation.
mynursytest.store
,DOWNLOAD THE Test Bank for Global Business Today 9th Edition Hill
f f f f f f f f f f
7. Onefofftheftenetsfoffcollectivismfisfthatfthefwelfarefoffsocietyfisfbestfservedfbyflettingfpeoplefpurs
ueftheirfownfeconomicfself-interest.
True False
8. Infpracticalfterms,findividualismftranslatesfintofanfadvocacyfforfdemocraticfidealsfandffreefmarketfeco
nomics.
True False
9. ThefColdfWarfwasfinfmanyfrespectsfafwarfbetweenfcollectivism,fchampionedfbyfthefformerfSovietfUnio
n,fandfindividualism,fchampionedfbyfthefUnitedfStates.
True False
10. Infpracticalfterms,fcollectivismfcreatesfafmoreffavorablefenvironmentfforfinternationalfbusinessesftof
operatefinfthanfindividualism.
True False
11. Infaftotalitarianfcountry,fallfthefconstitutionalfguaranteesfonfwhichfrepresentativefdemocraciesfarefbuil
t—
anfindividual'sfrightftoffreedomfoffexpressionfandforganization,faffreefmedia,fandfregularfelections—
arefdeniedftofthefcitizens.
True False
12. Infmostfdemocraticfstates,fthosefwhofquestionfthefrightfoffthefrulersftofruleffindfthemselvesfimpr
isoned,forfworse.
True False
13. ThefgovernmentsfoffChina,fVietnam,fandfLaosfarefcommunistfinfnamefonlyfbecausefthosefnationsfhav
efadoptedfwide-ranging,fmarket-basedfeconomicfreforms.
True False
2-2
Copyrightf©f2016fMcGraw-
HillfEducation.fAllfrightsfreserved.fNofreproductionforfdistributionfwithoutfthefpriorfwrittenfconsentfoffMcGraw-HillfEducation.
mynursytest.store
,DOWNLOAD THE Test Bank for Global Business Today 9th Edition Hill
f f f f f f f f f f
14. Allfright-wingfdictatorshipsfdisplayfanfaffinityftowardfsocialistforfcommunistfideas.
True False
15. Infafpurefcommandfeconomy,fthefgoodsfandfservicesfthatfafcountryfproduces,fthefquantityfinfwhichf
theyfarefproduced,fandfthefpricesfatfwhichftheyfarefsoldfarefallfdictatedfbyfthefinteractionfoffdemandf
andfsupply.
True False
16. Commandfeconomiesfprovidefafmoreffavorablefenvironmentfforfinnovationfandfentrepreneursfth
anfmarketfeconomies.
True False
17. Afcommonflawfsystemftendsftofbeflessfadversarialfthanfafcivilflawfsystem.
True False
18. Whenflawfcourtsfinterpretfcivilflaw,ftheyfdofsofwithfregardftoftradition,fprecedent,fandfcustom.
True False
19. Judgesfunderfafcivilflawfsystemfhaveflessfflexibilityfthanfthosefunderfafcommonflawfsystem.
True False
20. Islamicflawfisfprimarilyfafmoralfratherfthanfafcommercialflawfandfisfintendedftofgovernfallfaspectsfofflif
e.
True False
21. Comparedftofafcommonflawfsystem,fitfisfmorefexpensiveftofdrawfupfcontractsfinfafcivilflawfjurisd
iction.
True False
2-3
Copyrightf©f2016fMcGraw-
HillfEducation.fAllfrightsfreserved.fNofreproductionforfdistributionfwithoutfthefpriorfwrittenfconsentfoffMcGraw-HillfEducation.
mynursytest.store
, DOWNLOAD THE Test Bank for Global Business Today 9th Edition Hill
f f f f f f f f f f
22. ByfadoptingfthefContractsfforfthefInternationalfSalefoffGoodsf(CIGS),fafnationfsignalsftofotherfado
ptersfthatfitfwillftreatfthefconvention'sfrulesfasfpartfoffitsflaw.
True False
23. WhenffirmsfdofnotfwishftofacceptfthefContractsfforfthefInternationalfSalefoffGoods,ftheyfoftenfoptfforfar
bitrationfbyfafrecognizedfarbitrationfcourtftofsettlefcontractfdisputes.
True False
24. Intellectualfpropertyflawsfstimulatefinnovationfandfcreativefwork.
True False
25. Theftermf"publicfaction"frefersftofthefexclusiveflegalfrightsfoffauthors,fcomposers,fplaywrights,farti
sts,fandfpublishersftofpublishfandfdisperseftheirfworkfasftheyfseeffit.
True False
26. Liabilityflawsfareftypicallyfthefleastfextensivefinfhighlyfdevelopedfnations.
True False
27. Whenfproductfsafetyflawsfareftougherfinfaffirm'sfhomefcountryfthanfinfafforeignfcountry,fthefethic
alfthingftofdofisftofadhereftofhome-countryfstandards.
True False
28. Thefbenefits,fcosts,fandfrisksfassociatedfwithfdoingfbusinessfinfafcountryfarefindependentfoffthatfcou
ntry'sfpolitical,feconomic,fandflegalfsystems.
True False
29. Otherfthingsfbeingfequal,fafnationfwithfdemocraticfpoliticalfinstitutionsfisfclearlyfmorefattractivefasfafpl
acefinfwhichftofdofbusinessfthanfafnationfthatflacksfdemocraticfinstitutions.
True False
2-4
Copyrightf©f2016fMcGraw-
HillfEducation.fAllfrightsfreserved.fNofreproductionforfdistributionfwithoutfthefpriorfwrittenfconsentfoffMcGraw-HillfEducation.
mynursytest.store
