Quiz: IB-Lec-7


IB-Lec-7Online version Poltical Risk by joseph hanany 1 Which of the following countries has an individualistic orientation? a Venezuela b Japan c Egypt d Canada 2 The principle that an individual has the freedom to pursue his or her interests is called a socialism b totalitarianism c individualism d collectivism 3 Although there are different views about the purpose of a political system, most analysts agree that an essential task of a political system is to ________. a integrate the different elements of a society into a functioning unit b allocate scarce resources among competing users c develop reasonable attitudes and outlooks within the population d protect individuals within the country from foreign threats 4 The distinguishing feature of political ideologies along the political spectrum is ________, with some emphasizing its primacy and others opposing it. a capitalism b socialism c freedom d liberalism 5 In a democracy, ________. a citizens have the right to participate in the decision-making process b the opportunity to truly participate in the political process is restricted to a select few c the court system is directly supervised by the political system d the rights of the individual are merged with the state 6 Under the ________ form of totalitarianism, the regime confines itself to political control of the state. It does not regulate the economic and social structure of society. a fascist b communist c theocratic d authoritarian 7 As exemplified in China, the government in a collectivist society is highly connected to and interdependent with business. a TRUE b FALSE 8 ________ is the chance that political forces may change a country's business environment in ways that lead investors to lose some or all of the value of their investment or be forced to accept a lower-than-projected rate of return. a Governmental risk b Operating risk c Transaction risk d Political risk 9 ________ political risks arise from political actions, such as public corruption or a partisan judicial system, that interfere with transactions between sellers and buyers and that can significantly raise the costs of getting things done. a Systemic b Procedural c Catastrophic d Distributive 10 Which of the following was a notable trend in political systems during the second half of the 20th century and beginning of the 21st century? a A wave of democratic transformations occurred as countries around the world moved away from totalitarian systems. b A wave of theocratic revolutions occurred as people around the world looked to spirituality to guide them. c Socialistic revolutions swept the world as countries aspired toward greater social justice. d A totalitarian revolution swept the world as people looked to strong state leadership in uncertain times. 11 The ________ of a country specifies the rules that regulate behavior, the processes by which laws are enforced, and the procedures used to resolve grievances. a political system b political philosophy c philosophical orientation d legal system 12 Which of the following is NOT a component of modern legal systems? a constitutional law b criminal law c commercial law d private law 13 Ian, a financial manager, is preparing to transfer to Germany where he will serve as an expatriate manager of his employer's European office. Which type of legal system will Ian most likely have to deal with in Germany? a mixed b common c civil d theocratic 14 The rule of man, a practice that has been in play for millennia, presumes that the law is the will of the ruler, whether the king, czar, raj, or emperor. a TRUE b FALSE 15 A ________ law system is based on tradition, judge-made precedent, and usage and assigns a preeminent position to existing case law as a guide to dispute resolution. a theocratic b common c customary d civil

1

Which of the following countries has an individualistic orientation?

a

Venezuela

b

Japan

c

Egypt

d

Canada

2

The principle that an individual has the freedom to pursue his or her interests is called

a

socialism

b

totalitarianism

c

individualism

d

collectivism

3

Although there are different views about the purpose of a political system, most analysts agree that an essential task of a political system is to ________.

a

integrate the different elements of a society into a functioning unit

b

allocate scarce resources among competing users

c

develop reasonable attitudes and outlooks within the population

d

protect individuals within the country from foreign threats

4

The distinguishing feature of political ideologies along the political spectrum is ________, with some emphasizing its primacy and others opposing it.

a

capitalism

b

socialism

c

freedom

d

liberalism

5

In a democracy, ________.

a

citizens have the right to participate in the decision-making process

b

the opportunity to truly participate in the political process is restricted to a select few

c

the court system is directly supervised by the political system

d

the rights of the individual are merged with the state

6

Under the ________ form of totalitarianism, the regime confines itself to political control of the state. It does not regulate the economic and social structure of society.

a

fascist

b

communist

c

theocratic

d

authoritarian

7

As exemplified in China, the government in a collectivist society is highly connected to and interdependent with business.

a

TRUE

b

FALSE

8

________ is the chance that political forces may change a country's business environment in ways that lead investors to lose some or all of the value of their investment or be forced to accept a lower-than-projected rate of return.

a

Governmental risk

b

Operating risk

c

Transaction risk

d

Political risk

9

________ political risks arise from political actions, such as public corruption or a partisan judicial system, that interfere with transactions between sellers and buyers and that can significantly raise the costs of getting things done.

a

Systemic

b

Procedural

c

Catastrophic

d

Distributive

10

Which of the following was a notable trend in political systems during the second half of the 20th century and beginning of the 21st century?

a

A wave of democratic transformations occurred as countries around the world moved away from totalitarian systems.

b

A wave of theocratic revolutions occurred as people around the world looked to spirituality to guide them.

c

Socialistic revolutions swept the world as countries aspired toward greater social justice.

d

A totalitarian revolution swept the world as people looked to strong state leadership in uncertain times.

11

The ________ of a country specifies the rules that regulate behavior, the processes by which laws are enforced, and the procedures used to resolve grievances.

a

political system

b

political philosophy

c

philosophical orientation

d

legal system

12

Which of the following is NOT a component of modern legal systems?

a

constitutional law

b

criminal law

c

commercial law

d

private law

13

Ian, a financial manager, is preparing to transfer to Germany where he will serve as an expatriate manager of his employer's European office. Which type of legal system will Ian most likely have to deal with in Germany?

a

mixed

b

common

c

civil

d

theocratic

14

The rule of man, a practice that has been in play for millennia, presumes that the law is the will of the ruler, whether the king, czar, raj, or emperor.

a

TRUE

b

FALSE

15

A ________ law system is based on tradition, judge-made precedent, and usage and assigns a preeminent position to existing case law as a guide to dispute resolution.

a

theocratic

b

common

c

customary

d

civil

You can integrate the game into an LMS compatible with LTI 1.1 or LTI 1.3 such as Canvas, Moodle, or Blackboard. This way, the scores will be automatically saved into the platform’s gradebook.

IB-Lec-7

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IB-Lec-7Online version

by joseph hanany

Which of the following countries has an individualistic orientation?

The principle that an individual has the freedom to pursue his or her interests is called

Although there are different views about the purpose of a political system, most analysts agree that an essential task of a political system is to ________.

The distinguishing feature of political ideologies along the political spectrum is ________, with some emphasizing its primacy and others opposing it.

In a democracy, ________.

Under the ________ form of totalitarianism, the regime confines itself to political control of the state. It does not regulate the economic and social structure of society.

As exemplified in China, the government in a collectivist society is highly connected to and interdependent with business.

________ is the chance that political forces may change a country's business environment in ways that lead investors to lose some or all of the value of their investment or be forced to accept a lower-than-projected rate of return.

________ political risks arise from political actions, such as public corruption or a partisan judicial system, that interfere with transactions between sellers and buyers and that can significantly raise the costs of getting things done.

Which of the following was a notable trend in political systems during the second half of the 20th century and beginning of the 21st century?

The ________ of a country specifies the rules that regulate behavior, the processes by which laws are enforced, and the procedures used to resolve grievances.

Which of the following is NOT a component of modern legal systems?

Ian, a financial manager, is preparing to transfer to Germany where he will serve as an expatriate manager of his employer's European office. Which type of legal system will Ian most likely have to deal with in Germany?

The rule of man, a practice that has been in play for millennia, presumes that the law is the will of the ruler, whether the king, czar, raj, or emperor.

A ________ law system is based on tradition, judge-made precedent, and usage and assigns a preeminent position to existing case law as a guide to dispute resolution.

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