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State of Freedom and Political Risks Quiz

12 Questions

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State of Freedom and Political Risks Quiz

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Questions and Answers

What moderates practical and strategic aspects of business operations according to the text?

The legal system (correct)

Market demand

Economic policies

International trade agreements

In business contracts, what provision allows companies to resolve potential disputes outside of court?

Choice-of-law clause (correct)

Legal jurisdiction

Marketplace behavior clause

Product origin clause

What governs dispute resolution in contracts according to the text?

Market behavior regulations

Intellectual property laws

Choice-of-law clause (correct)

Legal jurisdiction

What affects the flow of products across borders according to the text?

National laws Signup and view all the answers

Which legal system relies on religious doctrine, precepts, and beliefs?

Theocratic law system Signup and view all the answers

In which legal system are political officials responsible for translating legal principles into regulatory statutes?

Civil law system Signup and view all the answers

Which type of legal system uses case law in resolving disputes?

Common law system Signup and view all the answers

Which type of legal system reflects the wisdom of daily experience and enduring spiritual legacies?

Customary law system Signup and view all the answers

What is the meaning of political risk as described in the text?

The possibility that political decisions negatively affect a country's business environment Signup and view all the answers

What are some factors impacting political risk as mentioned in the text?

Arbitrary laws and corrupt regimes Signup and view all the answers

Which type of political risk involves ethnic conflict, illegitimate regime change, and civil disorder?

Catastrophic Signup and view all the answers

How do arbitrary laws and corrupt regimes contribute to political risk?

They fuel uncertainty and increase the likelihood of adverse impact on businesses Signup and view all the answers