Questions for chapter review

1. What is the difference between democratic and monocratic political systems?
2. Explain how democratic monarchies differ from autocratic monarchies?
3. Explain what the democracy index is and what are pretend democracies?
4. Explain the principle of judicial independence?
5. Which way of international business development to a specific country is most influenced by the political system in that country?
6. How do other types of businesses experience less level of risk?
7. Explain how the political system can determine the shareholder structure?
8. Explain left and right political wings? Give the main attributes and differences.
9. How does the political direction of a specific country determine business conditions in that country? Give examples.
10. What is nationalization? How can nationalization affect multinational companies?
11. What is the difference between code and precedent based legal systems? How does this affect business relationships and contracts?
12. What is a theocratic legal system? How does this system affect international business in the countries that apply it?
13. What are the differences in labor law between countries? Give examples.
14. In which countries labor relations between the employee and the employer is a subject of the mutual agreement?
15. What types of rules are applied in different nations regarding the duration of paid holidays and working day. Give the differences.
16. Is the minimum wage set in all countries? Is it the same? Give examples.
17. What are the possible differences between countries’ minimum wages? Give examples.
18. Give examples of how the duration of establishing a new organization differs in different countries?
19. Explain the differences in the preparation and signing of legal documents for the establishment of an organization in various countries.
20. How and why does corruption affect international business in a particular country?
21. What are the most important indicators of the country’s economic system when exporting to this country? Give examples.
22. What are the most important economic indicators of the country when investing in a high added value business? Give examples.
23. What are the most important economic indicators of the country when investing in in low added value production? Give examples.
24. What indicators determine the country’s market size and purchasing power?
25. Which countries have the largest gross domestic product? What does the indicator show? How important is it for international business?
26. How can the price of labor in the country helps to determine whether to invest or export there?
27. What are the main taxes?
28. Explain value added tax? Is this tax applicable everywhere in the world? Give examples.
29. Explain social security and health insurance tax? Is this tax applicable everywhere in the world? Give examples.

Share or comment this information on your social media: