12 Questions
What moderates practical and strategic aspects of business operations according to the text?
The legal system
In business contracts, what provision allows companies to resolve potential disputes outside of court?
Choice-of-law clause
What governs dispute resolution in contracts according to the text?
Choice-of-law clause
What affects the flow of products across borders according to the text?
National laws
Which legal system relies on religious doctrine, precepts, and beliefs?
Theocratic law system
In which legal system are political officials responsible for translating legal principles into regulatory statutes?
Civil law system
Which type of legal system uses case law in resolving disputes?
Common law system
Which type of legal system reflects the wisdom of daily experience and enduring spiritual legacies?
Customary law system
What is the meaning of political risk as described in the text?
The possibility that political decisions negatively affect a country's business environment
What are some factors impacting political risk as mentioned in the text?
Arbitrary laws and corrupt regimes
Which type of political risk involves ethnic conflict, illegitimate regime change, and civil disorder?
Catastrophic
How do arbitrary laws and corrupt regimes contribute to political risk?
They fuel uncertainty and increase the likelihood of adverse impact on businesses
Test your knowledge on the state of freedom and political risks around the world with this quiz. Explore questions related to global expansion of authoritarian rule, freedom struggles, and their impact on business environments.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
