International Business

Chapter 5: Governmental and Legal Influences

Practice Tests

1.
What regulates trade?
A)mixed systems
B)legal systems
C)heads of state
D)none of the above
2.
What type of government system gives citizens the political power?
A)fascist
B)totalitarian
C)communist
D)democratic
3.
Isolationism is a foreign policy that combines an avoidance of political and military alliances with a policy of
A)economic nationalism.
B)protectionism.
C)closing its borders.
D)all of the above.
4.
Which is not an international tax?
A)income tax
B)sales tax
C)duty-free tax
D)payroll tax
5.
A tax paid on the increased value of a good is a(n)
A)valuation tax.
B)value-added tax.
C)sales tax.
D)excise tax.
6.
An annual income tax under which people with higher incomes pay larger percentages of their income is a
A)regressive tax.
B)valuation tax.
C)progressive tax
D)flat tax.
7.
Which of the following is not considered a trade sanction?
A)a tariff
B)an address to the United Nations
C)a boycott
D)all of the above
8.
Which of the following is a basis for the common law of a country?
A)local custom
B)tradition
C)case precedent
D)all of the above
9.
Which of the following areas is not likely to be regulated by labor laws?
A)transportation to work
B)minimum wage
C)minimum age to work
D)maximum length of work week
10.
The legal process of resolving a dispute by using only the court system is
A)legislation.
B)mediation.
C)arbitration.
D)litigation.
Glencoe Online Learning CenterBusiness Administration HomeProduct InfoSite MapContact Us

The McGraw-Hill CompaniesGlencoe

Please read our Terms of Use and Privacy Policy before you explore our Web site. To report a technical problem with this Web site, please contact the Web Producer.