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Questions and Answers
What is the primary characteristic of representative democracy?
What is the primary characteristic of representative democracy?
- Elections are held without public participation.
- The government owns all major industries.
- Citizens have no role in government decision-making.
- Citizens vote to elect representatives. (correct)
Which economic ideology involves government ownership of major factors of production?
Which economic ideology involves government ownership of major factors of production?
- Socialism
- Individualism
- Communism (correct)
- Capitalism
What does social stratification refer to?
What does social stratification refer to?
- Consensus among individuals in group settings.
- The balance of political power in a government.
- The way society relates to religion.
- Control exerted by the upper classes over others. (correct)
In which type of government do individuals govern without the support of the citizenry?
In which type of government do individuals govern without the support of the citizenry?
What is meant by power distance in a society?
What is meant by power distance in a society?
Which term describes the importance of relationships over rules in business practices?
Which term describes the importance of relationships over rules in business practices?
What is capitalism characterized by?
What is capitalism characterized by?
What is the focus of antitrust law?
What is the focus of antitrust law?
What is macropolitical risk?
What is macropolitical risk?
What does collusion typically involve?
What does collusion typically involve?
Which law provides US businesses with government insurance coverage for terrorism risk?
Which law provides US businesses with government insurance coverage for terrorism risk?
What does the term 'Caveat Emptor' mean?
What does the term 'Caveat Emptor' mean?
What is the significance of the US International Development Financial Corporation?
What is the significance of the US International Development Financial Corporation?
What is considered a monopoly?
What is considered a monopoly?
What does public corruption refer to?
What does public corruption refer to?
What is the purpose of the Product Safety Law?
What is the purpose of the Product Safety Law?
What does the term acculturation refer to?
What does the term acculturation refer to?
What is arbitration?
What is arbitration?
Which of the following best describes the concept of achievement vs ascription?
Which of the following best describes the concept of achievement vs ascription?
Which element of culture refers to the ways a society expresses emotions?
Which element of culture refers to the ways a society expresses emotions?
What does the Foreign Corrupt Practices Act prohibit?
What does the Foreign Corrupt Practices Act prohibit?
What does the Korean philosophy of Inwha emphasize?
What does the Korean philosophy of Inwha emphasize?
Which legal system is based on a comprehensive listing of legal rules?
Which legal system is based on a comprehensive listing of legal rules?
What is a primary characteristic of Athenian Democracy?
What is a primary characteristic of Athenian Democracy?
What is a patent?
What is a patent?
Which of the following is NOT considered a primary element of culture?
Which of the following is NOT considered a primary element of culture?
What characterizes a trademark?
What characterizes a trademark?
What does the term 'backward translation' refer to?
What does the term 'backward translation' refer to?
What defines a genericized trademark?
What defines a genericized trademark?
What distinguishes material culture from other aspects of culture?
What distinguishes material culture from other aspects of culture?
Which law establishes which violations are crimes?
Which law establishes which violations are crimes?
What type of law governs legally enforceable agreements?
What type of law governs legally enforceable agreements?
Study Notes
The Cultural Environment
- Neutral vs Emotional: Differentiates societies based on emotional expression levels.
- Culture: A learned behavior encompassing the lifestyle of a specific group.
- Specific vs Diffuse: Relates to how societies compartmentalize roles and responsibilities.
- Acculturation: Firm's adaptation process to a different culture.
- Achievement vs Ascription: Distributes value based on performance versus societal position.
Elements of Culture
- Language: Both verbal and nonverbal communication methods.
- Religion: Influences values and societal structures.
- Values and Attitudes: Core beliefs held by members of a society.
- Manners and Customs: Established societal practices and behaviors.
- Material Elements: Reflect technological advancements and their societal implications.
- Aesthetics: Standards of beauty and taste in a culture.
- Education: Access to knowledge shaping societal roles and expectations.
- Social Institutions: Frameworks that dictate interpersonal relationships.
- Inwha: Korean philosophy emphasizing loyalty and responsibility among social hierarchies.
- Guanxi: Chinese concept of informal relationships and favor exchanges among individuals.
Backward Translation
- A technique for verifying translation accuracy by translating back from a foreign language to English.
The Legal and Political Environment of Global Business
- Values: Fundamental beliefs that shape behaviors in society.
- Democracy: Government model where citizens participate in voting.
- Athenian Democracy: The earliest form of direct democracy.
- Representative Democracy: System where elected officials represent the populace.
- Totalitarian Government: Regime governed without citizen consent, often through military power.
- Communism: Economic system centered on state ownership of production.
- Socialism: Government plays a significant role, owning stakes in various enterprises.
- Capitalism: Economy characterized by private ownership and minimal government involvement.
Economic and Political Risks
- Economic Risks: Potential negative impacts on business from local economic issues.
- Political Risks: Risks from governmental changes or instability affecting business operations.
- Micropolitical Risk: Affects specific industries or sectors within a country.
- Macropolitical Risk: Impacts all businesses within a nation.
- Antitrust Law: Legislation ensuring competition and preventing monopolistic practices.
- Collusion: Secret agreements among firms to hinder competition.
- Monopoly: Exclusive control over a market by a single entity.
- Terrorism Risk Insurance Act of 2002: U.S. law affording business coverage against terrorism.
- Product Safety Law: Sets standards for the safety regulations manufacturers must follow.
Corruption
- Corruption: Involves illicit practices affecting decision-making in business and government.
- Private Corruption: Involvement of corrupt practices among private sectors.
- Public Corruption: Illegal actions by government officials affecting business processes.
- Caveat Emptor: Principle placing the burden of product safety on consumers.
- Caveat Venditor: Responsibility on sellers to ensure product safety.
- Dispute Settlement Law: Governs resolution of global business disputes.
Legal Systems
- Civil Law Legal System: Based on comprehensive statutes and written codes.
- Common Law Legal System: Relies on precedents and judicial decisions.
- Theocratic Law Legal System: Governs through religious codes and documents.
- Intellectual Property: Protection of innovative creations through legal rights.
- Patent: Exclusive rights granted to inventors for their inventions.
- Trademark: Symbols or designs identifying and distinguishing products or services.
- Genericized Trademark: Trademarks that evolve to describe general product categories rather than specific brands.
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Description
Explore the facets of the cultural environment in Chapter 5, focusing on how societies express emotions, compartmentalize roles, and undergo acculturation. This quiz will test your understanding of these cultural dynamics and their implications on social interactions.
