Chapter 2 Smartbook Int'l Bus

Compared to the United States, the piracy of computer software is _____ in China.

higher

If you were asked to provide a fact about a common law system, what should you say?

A common law system has a degree of flexibility that other legal systems lack.

What condition must be present to create an ideal representative democracy?

A nonpolitical state bureaucracy

True or False: Unlike the economic system of a country, the legal system is NOT influenced by the prevailing political system.

Falseeee

______ refers to the process of selling state-owned enterprises to private investors.

Privatization

The common law system is

based on tradition, precedent, and custom.

Which of the following is a more attractive place to do business?

A nation with a market-based economic system

______ refers to a political system in which the citizens exercise power directly or elect representatives to form a governing body.

Democracy

History shows that state ownership of the means of production never ran counter to the public interest. True or False

FALSE

According to Karl Marx, the pay of workers in a capitalist society reflects the full value of their labor. True or False

False

______ refers to a philosophy that promotes the free exercise of one's goals and desires in economic and political pursuits.

Individualism

________ refers to a philosophy that a person should have freedom in his or her economic and political pursuits.

Individualism

______ property refers to property such as a screenplay, a music score, or the chemical formula for a new drug.

Intellectual

The most widely practiced theocratic legal system in the modern world is ______ law. Multiple choice question.

Islamic

What statement BEST describes a totalitarian system?

It is a form of government in which the state recognizes no limits to its authority and strives to regulate all aspects of public and private life.

Kent needs to describe theocratic totalitarianism to his classmates. Which of these statements should he use?

It is a political system in which rulers govern based on religious rules and principles.

What statement BEST defines right-wing totalitarianism?

It restricts political freedom, frequently on the grounds that it would lead to the rise of communism, but does allow some economic freedom.

Which one of these individuals should apply for a copyright?

Jude, a musician who is composing his maiden album

Which Greek philosopher is credited with advocating the origins of collectivism?

Plato

True or false: Patents provide a reassurance for companies to pursue extensive research projects.

TRUEEE

Carrie's professor asked her to describe democracy. Which of these statements should she use?

The pure form of democracy believes that laws and policies should be made directly by citizens.

______ totalitarianism occurs when a political party that represents the interests of a particular tribe monopolizes power.

Tribal

True or false: Communism is in decline worldwide.

True

Which of the following statements about political systems is TRUE?

Typically, political systems that place a high emphasis on individualism tend to be democratic.

Which statement accurately describes a civil law system?

Unlike a common law system, a civil law system relies on detailed codes, and therefore, can be less adversarial.

What is an accurate description of intellectual property laws?

What is an accurate description of intellectual property laws?

A country under totalitarian rule would experience which two of these situations?

censored media and denial of civil liberties

A _____ law system is based on a detailed set of laws organized into codes.

civil

A government plans the quantity of goods and services produced as well as the prices at which they are sold in a pure ________ economy.

command

A country that bases its laws on the traditions within the country's legal history operates under a _____ law legal system.

common

Based on the political party beliefs of the governments of China and North Korea, these countries practice ______ totalitarianism.

communist

Historically, command economies were found in ________ countries, where collectivist goals were given priority over individual goals.

communist

A ______ refers to a legal right that enables the creator of an original work the right to publish and distribute their work as they see fit.

copyrighttttt

Capitalists take the value created by workers for their own use.

diversity and private ownership are beneficial to society.

The role of the government in a market economy involves

encouraging vigorous free and fair competition among private producers.

The ______ system of a country refers to the rules, or laws, that regulate behavior along with the system that enforces them.

legal

According to Aristotle's philosophy on individualism,

private property receives greater care compared to communal property.

In a(n) ______ democracy, elected representatives represent the citizens and make decisions on behalf of the electorate.

representative

Collectivism refers to a political system that

restricts an individual's right to do something on the grounds that it runs counter to the "good of society".

If you needed to describe the concept of individualism, you would say that individualism Multiple choice question.

stresses that the interests of the people are more important than the interests of the state.

When considering how intellectual property rights are viewed around the world, it can be said that

they are subjected to various forms of protection from country to country.

In a pure ______ economy, all productive activities are owned privately -- not by the state.

market

During the economic downturn of 2008-2009, the U.S. government "bailed out" AIG to prevent that financial institution from collapsing because it felt that if AIG collapsed, it would lead to serious consequences for the entire U.S. financial system. By helping out this troubled firm because it appeared vital to national interests, the U.S. government was acting as a ____ economy.

mixed

In a ______ economy, both private enterprise and some state monopoly co-exist.

mixeddd

A ______ grants an inventor exclusive rights for a defined period to the manufacture, use, or sale of his or her invention.

patent

Peter, a research associate at a biotechnology firm, develops a diagnostic kit for the rapid detection of malaria. In order to prevent his competitors from duplicating his invention, Peter should apply for a

patenttttt

Plato would have agreed that society should be stratified into classes and ______ were best suited to rule society.

philosophers and soldiers

Lax enforcement of intellectual property rights in the computer software industry has lead to stealing of software applications. This illegal process is also known as

piracy.

The system of government in a nation is called the ______ system.

political

The term ______ is used to stress that the political, economic, and legal systems of a country are connected.

political economy

What three systems make up the political economy of a country?

political, economic, and legal

In a common law system, ______ refers to cases that have come before the courts in the past.

precedent

A country that is ruled based on theocratic totalitarianism is governed based on

religious principlesssss

In a theocratic law system, the law is based on

religious teachings.

The ________ committed themselves to achieving socialism without resorting to violent revolution and dictatorship.

social democrats

What does individualism emphasize?

the importance of guaranteeing one's freedom and self-expression

According to individualism, economic interests should be dictated by _____.

the individual

In a pure market economy, production of goods is determined by

the interaction of supply and demand.

In a totalitarian country, you would find that

the ruler's decisions are not questioned by individuals.

The government of Iran is ruled by religious figures and they ensure that citizens adhere to Islamic teachings. Iran is a ________ law system.

theocratic

A(n) ______ is a recognizable sign, design or name, often officially registered, that identifies products or services from a particular source.

trademarkkkk

When discussing a common law system, a country's legal history is known as ______.

tradition

To guarantee that elected representatives can be held accountable for their actions by the electorate, an ideal representative democracy has a number of safeguards. What is one of those safeguards?

universal adult suffrage

Contracts drafted under a common law framework tend to be

very detailed with contingencies spelled out.

Which of these intellectual property protections should Juliet, the CEO of a fast food restaurant chain, apply for to prevent competitors from copying her restaurant logo?

A trademark

Which countries have experienced tribal totalitarianism rule?

African

Which of these is a characteristic of a pure command economy?

All businesses are owned by the state

What is the objective of a pure command economy?

Allotment of resources for the overall good of society

What is an accurate depiction of Karl Marx's arguments on socialism?

Capitalists take the value created by workers for their own use.

______ refers to a political system that values the needs of society over that of an individual.

Collectivism

What are the three broad types of economic systems?

Mixed, Command, and Market

The members of the World Intellectual Property Organization have signed international treaties designed to protect intellectual property, including the oldest such treaty known as the ______, which dates to 1883.

Paris Convention for the Protection of Industrial Property

Which of the following is a feature of right-wing totalitarianism?

Provision of partial individual economic freedom along with restricted individual political freedom.

_____ often back(s) right-wing totalitarianism governments.

The military

In the early 20th century, communists differed from social democrats in that communists believed in

a strategy of revolutionary action.

What statement characterizes social democrats?

They believed in achieving socialism through non-violent means.