1. Each of the following statements concerns country risk. Which one of them is true?
a. Country risk remains constant over time and across nations
b. The intensity of culture risk seldom varies
c. Country risk is a severe problem in poor nations but doesn’t exist in rich nations
d. Country risk is present in all nations
2. Socialist ideology is collectivist in nature, one which assumes that the welfare of talented individuals is more important than the collective welfare of nation’s people.
a. True
b. False
3. Of these legal systems, which one is based on past legal practices and precedents set by the country’s courts through processes of interpreting past ruling, legislation, and statuses?
a. Common
b. Religious
c. Historical
d. Civil
4. If firms are responsible for injury, damage and or even loss of life caused by defective products then manufacture, then can face lawsuits and penalties as a result.
a. True
b. False