Test 3 Flashcards
Ethnocentrism
tendency to look at the world primarily from the perspective of one’s own culture
Stereotyping
Assigning attributes based on membership in a particular group
Projection
Ascribing to others the characteristics you have or Assuming that the other party will respond in the same manner you would respond
Necessary elements for a state
Defined territory
permanent population
Effective government
capacity to enter into agreements with other states
US recognition of state
Article 2 sec. 3 gives power to pres/ executive branch
before United Nations
League of Nations
Security Council 5 permanent
China France Russian Federation United Kingdom United States
high-context communication/ culture
most of a message is conveyed by the context surrounding it. nonconfrontational,
indirect attitude toward conflicts
low-context communication/ culture
emphasizes directness rather than relying on the context to communicate.
More likely to assume a confrontational, direct attitude toward conflicts
Collectivist settings
cooperation
participation in shared progress
reputation of the group
interdependence
individualist settings
competition
independence
individual achievement
self-reliance
Federal antitrust statutes
sherman antitrust
clayton act
federal trade commision act
robinson- patman act
Sherman antitrust act
Per se violations - presumed to be unlawful
Rule of Reason - Balances harm to competition with justifications
Clayton Act
Tying agreements - sale of one product on condition a customer purchases second product
Exclusive dealing agreements - Requires buyers to buy exclusively from a particular seller
Robinson- Patman ACT
Prohibits seller from discriminating in price between different purchasers of commodities of like grade or quality
Export license requirement
technical characteristics
destination
end user
end use
General Agreement on Tariffs and Trade (GATT)
encouraged free trade between member states
Regulated and reduced tariffs
provided common mechanism for resolving trade disputes
Member nations meet every two years
Marrakesh Agreement
Established the world trade organization (150 member states)
North American Free Trade Agreement (NAFTA)
eliminate barriers to trade
promote conditions of fair competition
increase substantially investment opportunities
protection and enforcement of intellectual property
create effective procedures
establish framework for further cooperation
fair trade
social movement which promotes equitable standards for international labor, environmentalism, and social policy
security (investment contract)
any transaction where a person invests
(2) in a common enterprise
(3) reasonably expecting profits
(4) derived primarily or substantially form other’s managerial or entrepreneurial efforts
Blue sky laws
each state’s own rules and regulations
Security registration statements
All companies must file registration statements (effective 20 days after filing)
Registration requirements of 1933 Act only apply to
issuers, underwriters and dealers
Security registration exemptions
private offerings
offerings of limited size
intrastate offerings
securities of municipal, state, and federal governments
