Question 1

The free market view (of trade)argues that FDI is a benefit to both the home country and the host country.

Accepted Answer

A) True 
 B)False

Question 2

A law system that is based primarily on religious teachings refers to a:

Accepted Answer

A)  civil law system.
B)  theocratic law system.
C)  common law system.
D)  traditional law system.E) A) and D)
F) B) and C)

Question 3

Parties to a business agreement normally resort to contract law when one party feels the other has violated either the letter or the spirit of an agreement.Because common law tends to be relatively ill-specified,contracts drafted under a common law framework tend to be:

Accepted Answer

A)  summarised with brief explanations attached.
B)  very detailed with all contingencies spelled out.
C)  referred to solicitors for comment.
D)  non-retractable once approveD.E) A) and B)
F) A) and C)

Question 4

A composer is able to protect an original musical score from being copied and sold by someone else through ______rotection.

Accepted Answer

A)  patent
B)  warrant
C)  trademark
D)  copyrightE) B) and D)
F) A) and D)

Question 5

The bundle of legal rights over the use to which a resource is put,and over the use made of any income that may be derived from that resource,are called ______ights.

Accepted Answer

A)  statutory
B)  asset
C)  taxable
D)  propertyE) A) and B)
F) A) and C)

Question 6

If Qantas Airlines decides to move maintenance of its aircraft to India to take advantage of lower labour costs in that country,such a move as this can be seen to ______erall efficiency in the ______conomy.

Accepted Answer

A)  increase;world
B)  increase;local
C)  decrease;local
D)  decrease;worldE) All of the above
F) B) and D)

Question 7

According to Transparency International,which country was found to be MOST corrupt in 2011?

Accepted Answer

A)  Indonesia
B)  Brazil
C)  Syria
D)  BangladeshE) B) and C)
F) A) and D)

Question 8

A more liberal 'right-leaning' ideology would see the government's role as one of facilitating within:

Accepted Answer

A)  a market system and private enterprise.
B)  a command system and public enterprise.
C)  a laissez-faire system with no enterprise.
D)  an autocracy.E) None of the above
F) B) and D)

Question 9

The free market view argues that international production should be distributed among countries according to the theory of competitive advantage.

Accepted Answer

A) True 
 B)False

Question 10

In Australia,the Trade Practices Act 1974 (Cwlth) has its basis in ______ability legislation.

Accepted Answer

A)  commodities
B)  product
C)  services
D)  peopleE) A) and B)
F) B) and C)

Exam 6: Political and Legal Environments

A law system that is based primarily on religious teachings refers to a:

Correct Answer
verified

In Australia,the Trade Practices Act 1974 (Cwlth) has its basis in ______ability legislation.

Correct Answer
verified

The bundle of legal rights over the use to which a resource is put,and over the use made of any income that may be derived from that resource,are called ______ights.

Correct Answer
verified

A more liberal 'right-leaning' ideology would see the government's role as one of facilitating within:

Correct Answer
verified

A composer is able to protect an original musical score from being copied and sold by someone else through ______rotection.

Correct Answer
verified

Parties to a business agreement normally resort to contract law when one party feels the other has violated either the letter or the spirit of an agreement.Because common law tends to be relatively ill-specified,contracts drafted under a common law framework tend to be:

Correct Answer
verified

The free market view argues that international production should be distributed among countries according to the theory of competitive advantage.

Correct Answer
verified

The free market view (of trade)argues that FDI is a benefit to both the home country and the host country.

Correct Answer
verified

According to Transparency International,which country was found to be MOST corrupt in 2011?

Correct Answer
verified

If Qantas Airlines decides to move maintenance of its aircraft to India to take advantage of lower labour costs in that country,such a move as this can be seen to erall efficiency in the conomy.

Correct Answer
verified

Exam 6: Political and Legal Environments

A law system that is based primarily on religious teachings refers to a:

Correct AnswerverifiedShow Answer

In Australia,the Trade Practices Act 1974 (Cwlth) has its basis in ______ability legislation.

Correct AnswerverifiedShow Answer

The bundle of legal rights over the use to which a resource is put,and over the use made of any income that may be derived from that resource,are called ______ights.

Correct AnswerverifiedShow Answer

A more liberal 'right-leaning' ideology would see the government's role as one of facilitating within:

Correct AnswerverifiedShow Answer

A composer is able to protect an original musical score from being copied and sold by someone else through ______rotection.

Correct AnswerverifiedShow Answer

Parties to a business agreement normally resort to contract law when one party feels the other has violated either the letter or the spirit of an agreement.Because common law tends to be relatively ill-specified,contracts drafted under a common law framework tend to be:

Correct AnswerverifiedShow Answer

The free market view argues that international production should be distributed among countries according to the theory of competitive advantage.

Correct AnswerverifiedShow Answer

The free market view (of trade)argues that FDI is a benefit to both the home country and the host country.

Correct AnswerverifiedShow Answer

According to Transparency International,which country was found to be MOST corrupt in 2011?

Correct AnswerverifiedShow Answer

If Qantas Airlines decides to move maintenance of its aircraft to India to take advantage of lower labour costs in that country,such a move as this can be seen to ______erall efficiency in the ______conomy.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

If Qantas Airlines decides to move maintenance of its aircraft to India to take advantage of lower labour costs in that country,such a move as this can be seen to erall efficiency in the conomy.

Correct Answer
verified