BPC b

Question 1

is an apprehension from collectivism which is a
political theory associated with communism that sets the idea that people
should prioritize the good of society over the welfare of the individuals.

Answer 1

Collectivist ideology

Question 2

s a business arrangement whereby the owner (franchisor)
grants some rights and authorities to a franchisee. It is a form of entry
strategy to expand business.

Answer 2

Franchising

Question 3

a business arrangement in which one company gives another
company permission to manufacture its product for a specified payment.

Answer 3

Licensing

Question 4

is a political system in which political leaders exert control over a
state using military force and bureaucratic power

Answer 4

Secular

Question 5

is a political system where country’s religious leaders are also
its political leaders.

Answer 5

Theocratic

Question 6

are organizations formed by workers from related fields that
work for the common interest of its members

Answer 6

Trade Union

Question 7

Is a set of formal institutions that constitute a government. It includes
legislative bodies, political parties, lobbying groups, and trade unions.

Answer 7

Political System

Question 8

government seeks to control not only
all economic and political matters but also the attitudes, values, and
beliefs of the citizenry

Answer 8

totalitarian

Question 9

A political system that is based on a collectivist
ideology

Answer 9

socialism

Question 10

Another type of political system that is mainly
characterized by two major features: private property rights and
limited government.

Answer 10

democracy

Question 11

is a legal
system that is base on tradition, previous cases, and legal
precedents set by the nation’s courts through interpretation of
statutes, legislation, and past rulings.

Answer 11

common law

Question 12

code law is based on an all-inclusive
system of laws that have been codified and is divided into three
codes: commercial, civil, and criminal.

Answer 12

civil law

Question 13

A legal system that is strongly influenced by
religious beliefs, ethical codes, and moral values viewed as
mandated by a supreme being. Hindu, Jewish, and Islam have this
kind of law.

Answer 13

religious law

Question 14

It consists of two or more legal systems operating
together. In most countries, legal systems evolve over time,
adopting elements of one system or another that reflect their unique
needs

Answer 14

Mixed System

Question 15

is the seizure of corporate assets without
compensation

Answer 15

Confiscation

Question 16

is seizure with compensation

Answer 16

Expropriation

Question 17

describes government seizure of an entire
industry, with or without compensation.

Answer 17

Nationalization

Question 18

is a subtle form of country risk in
which governments modify laws and regulations after foreign
MNEs have made substantial local investments in property
and plants

Answer 18

creeping expropriation

Question 19

is a type of trade penalty imposed on
one or more countries by one or more other countries

Answer 19

sanction

Question 20

is an
official ban on exports to or imports from a particular country to
isolate it and punish its government.

Answer 20

embargo

Question 21

boycott is a voluntary refusal to
engage in commercial dealings with a nation or a company.

Answer 21

boycott is a voluntary refusal to
engage in commercial dealings with a nation or a company.

Question 22

is the threat or actual use of force or violence
to attain a political goal through fear, coercion, or intimidation.

Answer 22

Terrorism

Question 23

forms of violence pose significant problems for business operations.
Although such events usually do not affect companies directly, their
indirect effects can be disastrous

Answer 23

War, Insurrection, and Violence.

Question 24

refers to the application of home - country
laws to persons or conduct outside national borders.

Answer 24

Extraterritoriality

Question 25

standards differ greatly around the world, posing difficulties
for firms.

Answer 25

Accounting and Reporting Laws

Question 26

vary widely around the
world. Transparency is the degree to which firms regularly
reveal substantial information about their financial condition
and accounting practices.

Answer 26

Trabsparency in financial reporting