International Business Chapter 9 - 733 Words

1. What is the significance of determining whether a country follows the rule of law? Because it makes encouraging foreign investment easier because foreign businesses will know that their interests will be protected. Following the rule of law also makes ensuring protection of human rights of local people easier. 2. How does international law differ from national law? What are the sources of international law? International law includes legal relations between governments, including laws concerning diplomatic relations between nationals and all matters involving the rights and obligations of sovereign nations. Private international law would cover matters involved in a contract between businesses in two different countries.†¦show more content†¦Each international company must study and comply with the laws of each country where they may want to manufacture, create, or sell products. Each country deals with trade secrets differently and in their own fashion. 6. Often taxes are used for reasons other than raising revenues. What are the other purposes for which taxes are used? Nonrevenue taxes are used to redistribute income from one group to another in a country, to discourageShow MoreRelatedBusiness 115 Final Exam Study Guide Essay1334 Words   |  6 Pagesessay question should answer the question completely and average 2 – 3 paragraphs in length. The exam reflects the following course objectives and possible topics: TCO 1 Chapters 1, 2, 3, 5, 6, 13 and 15 Weeks 1, 2, 4 and 5 Given a description of a typical business, demonstrate how that business acts within our economic system to achieve its goals as well as those of society, along with an understanding of how the future may impact these goals. * Understand the relationshipRead MoreHp Value Chain Analysis1389 Words   |  6 Pagesmtsu.edu/telsconteligibility.htm, or contact the Financial Aid Office at 898-2830. Jennings A. Jones College of Business Mission The Jennings A. Jones College of Business seeks to provide the intellectual foundation for our students life-long learning and success. Drawing students extensively from the regional population with an increasing emphasis on national and international diversity, Jones College utilizes traditional and technology-based pedagogies to create a positive teaching/learningRead MoreBUSN115 Final Exam Study Guide1656 Words   |  7 Pagesessay question should answer the question completely and average 2 – 3 paragraphs in length. The exam reflects the following course objectives and possible topics: TCO 1 Chapters 1, 2, 3, 5, 6, 13 and 15 Weeks 1, 2, 4 and 5 Given a description of a typical business, demonstrate how that business acts within our economic system to achieve its goals as well as those of society, along with an understanding of how the future may impact these goals. 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