bus d 300 chapter 2

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Anonymous
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295270
Filename:
bus d 300 chapter 2
Updated:
2015-02-08 15:12:26
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exam
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exam 1
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exam 1
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  1. market economy
    command economy
    mixed economy
    • most countries with varying degrees on the continuum
    • importance of government's role in economic development
    • Governments tends to own firms that are vital to national interest ( oil, utility, banking)
  2. common laws
    civil laws
    theocratic law
    • based on tradition, precedents and customs
    • based on detailed set of laws organized into codes
    • based on religious teachings
  3. foreign Corrupt Practices Act
    • Illegal for US companies to bribe foreign government officials to attain or maintain business
    • Requires all publicly traded companies to keep detailed records of activities in foreign countries
    • But allows Speed payments or Grease payment
  4. intellectual property
    • these can be protected through patents, copyright, or trademarks.
    • protection of intellectual property rights differs from country to country

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