Module 5 18. When government takes over private companies and make them publicly

Question

Module 5 18. When government takes over private companies and make them publicly owned,this is called a. Privatization b. Nationalization c. Revolution d. Socialization 19. Which of the followings is not the 4 main concerns that international business managers have? a. Piracy b. Kidnapping c. Air quality e. Terrarium 20. Which of the following countries has the highest risk according to Country Risk Assessment (CRA) a. Iran b. Syria c. Mexico d. USA 21. Which of the followings is NOT the reason for restricting trade by governments? a. Comply with WTO regulations b. Impose sanction e. Protect Domestic Jobs d. Retaliation e. Protect an Infant or dying industry 22. "An exporter can sell at lower costs due to the country's lax environmental standards" is called a. Predatory dumping b. Environmental Dumping c. Social Dumping 23. If a government charges 5% of the invoice value for the product imported, this is called a. Specific Duty Ad Valorem Duty b. c. Compound Duty 24. If a country only allows to import 20 tons of sugar duty free annually, any more import after 20 tons will be taxed at 5%, this is called a. Absolute Quota b. Tariff-rate Quota c. Percentage Quota Module 6 25. USA practices a. Common Law b. Civil Law c. Religious Law 26. The International law codifies the legal relationship between governments is called Public international Law Private International Law a. b.

Explanation / Answer

18. Nationalization

19. Cybercrime

20. Syria

21. Protect an infant or dying industry

22. Predatory Dumping

23. Specific duty

24. Tariff rate quota

25. Common Law

26. Public international law

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