Question 1

Initech Incorporated,a multinational giant,runs a number of diversified businesses.Which of the following can be considered as an intellectual property of the firm?

Accepted Answer

A)  income arising from renting land and buildings
B)  profits arising from the sale of agricultural crops
C)  interest earned by lending capital to other firms
D)  innovations and capabilities,and skills of the employees
E)  investments made in raw materials and machineryF) A) and E)
G) B) and E)

Question 2

Veronica had been getting red patches on her face after using a protein-based lotion manufactured by Nature Life Research Lab.On consulting a dermatologist,she learned that the lotion's steroid levels were beyond the standard levels permitted by the government and the damage caused by the lotion was irreversible.Which of the following will address Veronica's grievances?

Accepted Answer

A)  laws related to property rights
B)  product liability laws
C)  intellectual property laws
D)  Foreign Corrupt Practices Act
E)  Sarbanes-Oxley ActF) A) and E)
G) A) and C)

Question 3

In the context of "knowledge" economy of the twenty-first century,which of the following statements is true about intellectual property?

Accepted Answer

A)  Intellectual property has become an increasingly important source of economic value for businesses.
B)  Protecting intellectual property has become increasingly easy in the twenty-first century.
C)  Intellectual property laws limit the creativity and the ability of people to search for novel ways of doing things.
D)  Firms always choose to stay out of countries where intellectual property laws are strict.
E)  Companies in a country are more likely to commit themselves to extensive basic research if the country prohibits the use of patents.F) All of the above
G) C) and D)

Question 4

All right-wing dictatorships display an affinity toward socialist or communist ideas.

Accepted Answer

A) True 
 B)False

Question 5

A common feature of many right-wing dictatorships is

Accepted Answer

A)  total restriction on individual economic freedom.
B)  strong commitment to socialist or communist ideas.
C)  governments that are made up of military officers.
D)  politicians from a particular tribe dominating the political system.
E)  the direct involvement of the citizens in decision making.F) A) and C)
G) C) and E)

Question 6

The sale of state-owned enterprises to independent,nonpublic investors is referred to as

Accepted Answer

A)  privatization.
B)  nationalization.
C)  collectivism.
D)  communalism.
E)  public action.F) B) and D)
G) B) and C)

Question 7

Which of the following best exemplifies public action?

Accepted Answer

A)  The mafia in Cedia Republic demands "protection money" from successful domestic business owners.
B)  Cedian proprietors in the hospitality industry often complain about protection rackets by criminal groups.
C)  Government bureaucrats demand bribes from international businesses in return for the rights to operate in Cedia Republic.
D)  The Cedian government has been criticized for its inability to curb theft of trade secrets of international businesses by private domestic owners.
E)  To promote the Cedian culture,the government has made Cedian movies,which are based on Cedian history,tax-free.F) A) and E)
G) C) and D)

Question 8

Which of the following is a law system based on a detailed set of laws organized into codes?

Accepted Answer

A)  civil
B)  theocratic
C)  common
D)  traditional
E)  precedentF) A) and B)
G) C) and D)

Question 9

The Cold War was in many respects a war between collectivism,championed by the former Soviet Union,and individualism,championed by the United States.

Accepted Answer

A) True 
 B)False

Question 10

Democracy,in its purest form,is based on the belief that

Accepted Answer

A)  citizens should be directly involved in decision making.
B)  political freedom of the citizens should be limited.
C)  citizens are responsible for their own economic health and thus need no government.
D)  individual freedom in the economic sphere should be restricted.
E)  one person should have an absolute control over all the citizens of a nation.F) A) and B)
G) A) and E)

Question 11

Plato did not equate collectivism with equality.

Accepted Answer

A) True 
 B)False

Question 12

The social democrats believed that socialism could be achieved only through violent revolution and totalitarian dictatorship.

Accepted Answer

A) True 
 B)False

Question 13

How do patents,copyrights,and trademarks differ from each other?

Accepted Answer

Patents,copyrights,and trademarks establ...

Question 14

In the context of individualism,which of the following is inconsistent with the works of the ancient Greek philosopher Aristotle?

Accepted Answer

A)  guaranteeing individual freedom
B)  government dictating what is in the best interest of society
C)  guaranteeing self-expression
D)  committing to private ownership
E)  treating individual diversity as desirableF) A) and B)
G) B) and E)

Question 15

The philosophy behind intellectual property laws is to

Accepted Answer

A)  reward the originator of a new invention,book,musical record,and the like for his or her idea and effort.
B)  protect consumers from being subjected to business malpractice.
C)  safeguard a firm and its officers from being responsible for injury,death,or damage caused by the firm's product.
D)  eliminate monopoly in international trade.
E)  ensure that the rights to manufacture,use,or sell an invention are made available to the whole society.F) D) and E)
G) All of the above

Question 16

Jewish law is an example of what type of law system?

Accepted Answer

A)  autocratic
B)  civil
C)  common
D)  theocratic
E)  universalF) B) and C)
G) C) and D)

Question 17

What is the most widely practiced theocratic legal system in the modern world?

Accepted Answer

A)  Christian law
B)  Islamic law
C)  Jewish law
D)  Hindu law
E)  Buddhist lawF) A) and B)
G) B) and C)

Question 18

What are the various safeguards that are typically enshrined in constitutional law of an ideal representative democracy?

Accepted Answer

To guarantee that elected representative...

Question 19

Which of the following best exemplifies facilitating or expediting payments in business?

Accepted Answer

A)  making payments to government officials not to cancel the business license after violating local laws
B)  paying a lump sum amount in order to win a government tender for road construction in a foreign country
C)  making unsolicited payments to the concerned officers in return for employing child labor
D)  making payments to customs officials in order to ship pirated merchandise
E)  making small payments to government officials in order to speed up the work they are already obligated to performF) All of the above
G) C) and D)

Question 20

The common law system enjoys a degree of flexibility not found in other systems because

Accepted Answer

A)  it is usually found in democratic republics.
B)  it originated from Great Britain and can be found in almost all of its former colonies.
C)  it is interpreted by the law courts with regard to tradition,precedent,and custom.
D)  it is based on a detailed set of laws organized into codes.
E)  it has originated recently-just a decade ago.F) B) and E)
G) C) and D)

Exam 2: National Differences in Political, Economic, and Legal Systems

The social democrats believed that socialism could be achieved only through violent revolution and totalitarian dictatorship.

Correct Answer
verified

Democracy,in its purest form,is based on the belief that

Correct Answer
verified

Initech Incorporated,a multinational giant,runs a number of diversified businesses.Which of the following can be considered as an intellectual property of the firm?

Correct Answer
verified

In the context of individualism,which of the following is inconsistent with the works of the ancient Greek philosopher Aristotle?

Correct Answer
verified

Plato did not equate collectivism with equality.

Correct Answer
verified

Jewish law is an example of what type of law system?

Correct Answer
verified

Correct Answer
verified

What is the most widely practiced theocratic legal system in the modern world?

Correct Answer
verified

The common law system enjoys a degree of flexibility not found in other systems because

Correct Answer
verified

The philosophy behind intellectual property laws is to

Correct Answer
verified

What are the various safeguards that are typically enshrined in constitutional law of an ideal representative democracy?

Correct Answer
verified
To guarantee that elected representative...
View Answer

A common feature of many right-wing dictatorships is

Correct Answer
verified

Which of the following best exemplifies facilitating or expediting payments in business?

Correct Answer
verified

In the context of "knowledge" economy of the twenty-first century,which of the following statements is true about intellectual property?

Correct Answer
verified

The sale of state-owned enterprises to independent,nonpublic investors is referred to as

Correct Answer
verified

How do patents,copyrights,and trademarks differ from each other?

Correct Answer
verified
Patents,copyrights,and trademarks establ...
View Answer

Which of the following best exemplifies public action?

Correct Answer
verified

Which of the following is a law system based on a detailed set of laws organized into codes?

Correct Answer
verified

The Cold War was in many respects a war between collectivism,championed by the former Soviet Union,and individualism,championed by the United States.

Correct Answer
verified

All right-wing dictatorships display an affinity toward socialist or communist ideas.

Correct Answer
verified

Exam 2: National Differences in Political, Economic, and Legal Systems

The social democrats believed that socialism could be achieved only through violent revolution and totalitarian dictatorship.

Correct AnswerverifiedShow Answer

Democracy,in its purest form,is based on the belief that

Correct AnswerverifiedShow Answer

Initech Incorporated,a multinational giant,runs a number of diversified businesses.Which of the following can be considered as an intellectual property of the firm?

Correct AnswerverifiedShow Answer

In the context of individualism,which of the following is inconsistent with the works of the ancient Greek philosopher Aristotle?

Correct AnswerverifiedShow Answer

Plato did not equate collectivism with equality.

Correct AnswerverifiedShow Answer

Jewish law is an example of what type of law system?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

What is the most widely practiced theocratic legal system in the modern world?

Correct AnswerverifiedShow Answer

The common law system enjoys a degree of flexibility not found in other systems because

Correct AnswerverifiedShow Answer

The philosophy behind intellectual property laws is to

Correct AnswerverifiedShow Answer

What are the various safeguards that are typically enshrined in constitutional law of an ideal representative democracy?

Correct AnswerverifiedTo guarantee that elected representative...View AnswerShow Answer

A common feature of many right-wing dictatorships is

Correct AnswerverifiedShow Answer

Which of the following best exemplifies facilitating or expediting payments in business?

Correct AnswerverifiedShow Answer

In the context of "knowledge" economy of the twenty-first century,which of the following statements is true about intellectual property?

Correct AnswerverifiedShow Answer

The sale of state-owned enterprises to independent,nonpublic investors is referred to as

Correct AnswerverifiedShow Answer

How do patents,copyrights,and trademarks differ from each other?

Correct AnswerverifiedPatents,copyrights,and trademarks establ...View AnswerShow Answer

Which of the following best exemplifies public action?

Correct AnswerverifiedShow Answer

Which of the following is a law system based on a detailed set of laws organized into codes?

Correct AnswerverifiedShow Answer

The Cold War was in many respects a war between collectivism,championed by the former Soviet Union,and individualism,championed by the United States.

Correct AnswerverifiedShow Answer

All right-wing dictatorships display an affinity toward socialist or communist ideas.

Correct AnswerverifiedShow Answer

Correct Answer
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To guarantee that elected representative...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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Patents,copyrights,and trademarks establ...
View Answer

Correct Answer
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Correct Answer
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