Politics Chapter 3: Political Systems
15 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What does a country's legal system encompass?

  • Only laws and regulations
  • Only the processes of enacting and enforcing laws
  • Set of laws and regulations, including the processes by which a country's laws are enacted and enforced, and the ways in which its courts hold parties accountable for their actions (correct)
  • Only the ways in which a country's courts hold parties accountable for their actions
  • What is the primary purpose of antitrust regulations?

  • To increase prices of commodities
  • To promote monopolies
  • To discourage fair competition
  • To protect consumers from unfair business practices (correct)
  • What is the term for property that results from people's intellectual talent and abilities?

  • Copyright
  • Patent
  • Intellectual Property (correct)
  • Industrial Property
  • What is the primary focus of corporate social responsibility (CSR)?

    <p>To balance commitments to investors, customers, and communities</p> Signup and view all the answers

    What is the term for the responsibility of manufacturers, sellers, and individuals for damage, injury, or death caused by defective products?

    <p>Product Liability</p> Signup and view all the answers

    Which of the following is a characteristic of a common law tradition?

    <p>The use of precedents to guide court decisions</p> Signup and view all the answers

    What is the primary purpose of protecting intellectual property rights?

    <p>To encourage innovation and creativity</p> Signup and view all the answers

    Which type of law is based on religious teachings?

    <p>Theocratic law</p> Signup and view all the answers

    What is the main goal of product safety and liability regulations?

    <p>To protect consumers from harmful products</p> Signup and view all the answers

    What type of tax is imposed on the value added to a product at each stage of production and distribution?

    <p>Value Added Tax (VAT)</p> Signup and view all the answers

    What is the primary focus of antitrust laws?

    <p>To protect consumers from predatory business practices</p> Signup and view all the answers

    What is the term for the rights to resources and any income they generate?

    <p>Property rights</p> Signup and view all the answers

    What is the term for the practice of companies going beyond their legal obligations to balance commitments to stakeholders?

    <p>Corporate social responsibility (CSR)</p> Signup and view all the answers

    Which type of law is based on a comprehensive legal code?

    <p>Civil law</p> Signup and view all the answers

    What is the term for the protection of industrial creations, such as patents and trademarks?

    <p>Industrial property</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Browser