Based on a very detailed set of laws organized

Question

Assignment:

1. A system is based on a very detailed set of laws organized into codes.

1. theocratic law
2. common law
3. traditional law
4. civil law

2. Which of the following is the prime reason why Africa has attracted FDI in recent years?

1. Growth of the services sector
2. Raw material availability
3. Wave of privatization
4. Complete deregulation of markets

3. _______is the collective term for the legal rights relating to the use to which a resource is put and over the use made of any income that may be derived from that

1. Positive rights
2. Common rights
3. Trade rights
4. Property rights

3. Containerization allows:

1. buyers and sellers to find each other easily in a global economy.
2. reduction of the time needed to get from one location to another.
3. enterprise to coordinate and control a globally dispersed production system.
4. simplification of transshipment from one mode of transport to another.

4. An international business, unlike a multinational enterprise:

1. needs to have manufacturing units in at least two foreign nations.
2. need not customize its products to the requirements of national markets.
3. need not invest directly in operations in other countries.
4. needs to manufacture products or provide services that target a global market.

5. A U.S. investment firm, Fin-Smart, set up a customer service call center in India to take advantage of the lower labor costs. This is called

1. horizontal integration
2. international outsourcing
3. vertical integration
4. homogenizing markets

6. _______is seen as a way to stimulate gains in economic efficiency by giving owners a powerful incentive the reward of greater profits to search for increases in productivity, to enter new markets, and to exit losing ones.

1. Economic transformation
2. Deregulation
3. Privatization
4. Globalization

7. Which of the following is an impediment that makes it difficult for firms to achieve the optimal dispersion of productive activities to locations around the globe?

1. Transportation costs
2. Reduction of barriers to trade between countries
3. Government deregulations
4. Reduction of barriers to foreign direct investment