The Convention on Combating Bribery of Foreign Public Officials in International Business Transactions excludes()
A. bribes made to secure contracts that would otherwise not be secured
B. grease payments to gain exclusive preferential treatment
C. facilitating payments made to expedite routine government action
D. payments to government officials for special privileges
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In a pure market economy()
A. all productive activities are owned by the state
B. production is determined by the interaction of supply and demand
C. collectivist goals are given priority over individual goals
D. the prices at which goods are sold is determined by the government
When a government seizes an investment of a foreign investor but some reimbursement for the assets is made, the government is following a process called()
A. confiscation
B. expropriation
C. domestication
D. exchange controls
Which of the following is true of a sovereign state()
A. It is obligated to be a member of the World Trade Organization
B. It enjoys full legal equality with other states
C. It has the power to enter into agreements with only select nations
D. It is bounded by external control
In terms of political risk, which of the following poses the greatest threat to international marketers()
A. Newer environmental regulations approved by global trade bodies
B. Change of economic policies
C. Exchange rate fluctuations affecting margins
D. The possibility of the government actually failing