University of Manchester Global Environment Practice Economics Questions

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Question 1
In regard to bribery of a foreign public official, which of the
following statements is FALSE?
Not yet answered
Marked out of 1
p Flag question
a. The common practice of business to bribe a foreign
public official is not a mitigating factor.
O b. The failure to receive the anticipated benefit of a bribery
indicates an absence of damage or loss to the market.
O c. Bribery of a foreign public official is an equally serious
crime compared to the bribery of an Australian public
official.
O d. A person who conspires with another person to bribe a
foreign public official is an equally serious offence
compared to the act of bribery.
Question 3
is a legal system that does not rely on the
accumulation of decisions made in prior cases.
Not yet answered
Marked out of 1
a.
Civil law.
p Flag question
O b. Statutory law.
O c. Proprietary law.
O d. Common law.
Question 2
Which of the following is likely to amount to exclusive dealing?
Not yet answered
Marked out of 1
O a. A wedding reception venue that offers as part of its
package a staff photographer who works on behalf of the
centre.
p Flag question
O b. A wedding reception venue that offers as part of its
package a house photographer who is an outside
photographer who works on behalf of the venue.
O C. A wedding reception venue that requires a client to use an
outside photographer nominated by the centre.
O d. All of the choices.
Question 4
Which one of the following statements is TRUE?
Not yet answered
Marked out of 1
O a.
In a democratic society the government recognises no
limitations on its power, including control over its citizens’
lives or rights.
p Flag question
O b. A totalitarian society usually have market economy.
O c.
A state has power and authority to do everything
necessary to govern itself without foreign interference.
O d. It is always better to operate in democratic countries
where there is little or no government involvement or
intervention.
Question 5
Which one of the following statements with regard to the
principles of the WTO trading system is FALSE?
Not yet answered
Marked out of 1
O a.
p Flag question
The national treatment rule states that imported and
locally-produced goods should be treated equally.
O b. The goal of WTO is to help producers of goods and
services, exporters, and importers conduct their
business.
O C. The WTO agreements prescribe special treatment for
developing countries.
O d. The most favoured nation principle allows a particular
country to give ‘favour’ or ‘preference to a specific nation.
Question 6
Not yet answered
X is forced to build roads for the government; he is chained to
his fellow workers and is given no pay for his work. He is often
beaten by guards.
Marked out of 1
The above describes:
p Flag question
a. slavery.
b. servitude.
c. debt bondage.
O d. human trafficking.
Question 7
Not yet answered
Marked out of 1
Flag question
Company X and Company Y both sell petrol to the public in the
suburb of Kingston. One Friday, Company X cuts their price for
unleaded petrol to $1.00 per litre. Bill, the manager of the
Company X service station in Kingston, telephones John, the
manager of Company Y service station in Kingston, and says:
“Hey mate, Bill from X here. We’ve just put our price for
unleaded down to $1.00 per litre. Thought you might like to
know.” John does not say anything in response, but
immediately reduces his Y station’s price of unleaded petrol to
$1.00 per litre. Has either manager engaged in anti-competitive
conduct?
a.
Yes, Bill and John are in competition with each other and
they have made an agreement to fix the price for
unleaded petrol in the suburb of Kingston.
O b. No, because Bill and John didn’t actually agree to set the
same price. It was John’s independent decision to follow
Bill’s lead.
O c. Yes, they are both misusing their market power to the
disadvantage of the consumers.
Question 8
Which one of the following statements is FALSE?
Not yet answered
Marked out of 1
a.
An Australian registered design will only give the owner
rights in Australia.
p Flag question
O b. The intellectual property system helps a business gain
entry into an overseas market.
O c. Opportunistic intellectual property squatting occurs when
a third party copied or reverse engineered an invention
without permission.
O d. Exporters without intellectual property protection may run
the risk of infringing a third party’s intellectual property
rights without knowing it.
Question 9
Which one of the following statements is FALSE?
Not yet answered
Marked out of 1
O a.
Modern slavery occurs in less sectors and industries than
old world slavery.
p Flag question
O b. Slavery was never legal in history and is not legal in
today’s world.
O c.
Modern slavery is often hidden from view but it poses
legal and reputational risks to businesses.
O d. Stopping modern day slavery is not solely the businesses’
responsibility
O a.
Yes, Bill and John are in competition with each other and
they have made an agreement to fix the price for
unleaded petrol in the suburb of Kingston.
b. No, because Bill and John didn’t actually agree to set the
same price. It was John’s independent decision to follow
Bill’s lead.
O c. Yes, they are both misusing their market power to the
disadvantage of the consumers.
O d. No, because Bill and John both actually reduced the price
of petrol, which is good for customers.
Question 11
Discuss how political risk has changed over the last 50 years.
In your answer, discuss a case study you have studied in this
Not yet answered
course.
Marked out of 5
(5 marks)
p Flag question
Question 10
In a totalitarian society:
Not yet answered
Marked out of 1
a. property is held by the community rather than by
individuals.
p Flag question
O b. there is little or no government ownership.
O c. its people are not involved in making the rules by which
they live in.
O d. the people choose their leaders through elections.
Question 12
Not yet answered
Discuss why foreign bribery is detrimental to businesses and
economic development. In your answer discuss the legal
principles you have studied in a case study.
Marked out of 5
(5 marks)
p Flag question
Question 6
Not yet answered
X is forced to build roads for the government; he is chained to
his fellow workers and is given no pay for his work. He is often
beaten by guards.
Marked out of 1
The above describes:
p Flag question
a. slavery.
b. servitude.
c. debt bondage.
O d. human trafficking.
Question 7
Not yet answered
Marked out of 1
Flag question
Company X and Company Y both sell petrol to the public in the
suburb of Kingston. One Friday, Company X cuts their price for
unleaded petrol to $1.00 per litre. Bill, the manager of the
Company X service station in Kingston, telephones John, the
manager of Company Y service station in Kingston, and says:
“Hey mate, Bill from X here. We’ve just put our price for
unleaded down to $1.00 per litre. Thought you might like to
know.” John does not say anything in response, but
immediately reduces his Y station’s price of unleaded petrol to
$1.00 per litre. Has either manager engaged in anti-competitive
conduct?
a.
Yes, Bill and John are in competition with each other and
they have made an agreement to fix the price for
unleaded petrol in the suburb of Kingston.
O b. No, because Bill and John didn’t actually agree to set the
same price. It was John’s independent decision to follow
Bill’s lead.
O c. Yes, they are both misusing their market power to the
disadvantage of the consumers.
Question 8
Which one of the following statements is FALSE?
Not yet answered
Marked out of 1
a.
An Australian registered design will only give the owner
rights in Australia.
p Flag question
O b. The intellectual property system helps a business gain
entry into an overseas market.
O c. Opportunistic intellectual property squatting occurs when
a third party copied or reverse engineered an invention
without permission.
O d. Exporters without intellectual property protection may run
the risk of infringing a third party’s intellectual property
rights without knowing it.
O a.
Yes, Bill and John are in competition with each other and
they have made an agreement to fix the price for
unleaded petrol in the suburb of Kingston.
b. No, because Bill and John didn’t actually agree to set the
same price. It was John’s independent decision to follow
Bill’s lead.
O c. Yes, they are both misusing their market power to the
disadvantage of the consumers.
O d. No, because Bill and John both actually reduced the price
of petrol, which is good for customers.
Question 9
Which one of the following statements is FALSE?
Not yet answered
Marked out of 1
O a.
Modern slavery occurs in less sectors and industries than
old world slavery.
p Flag question
O b. Slavery was never legal in history and is not legal in
today’s world.
O c.
Modern slavery is often hidden from view but it poses
legal and reputational risks to businesses.
O d. Stopping modern day slavery is not solely the businesses’
responsibility
Question 11
Discuss how political risk has changed over the last 50 years.
In your answer, discuss a case study you have studied in this
Not yet answered
course.
Marked out of 5
(5 marks)
p Flag question
Question 10
In a totalitarian society:
Not yet answered
Marked out of 1
a. property is held by the community rather than by
individuals.
p Flag question
O b. there is little or no government ownership.
O c. its people are not involved in making the rules by which
they live in.
O d. the people choose their leaders through elections.
Question 12
Not yet answered
Discuss why foreign bribery is detrimental to businesses and
economic development. In your answer discuss the legal
principles you have studied in a case study.
Marked out of 5
(5 marks)
p Flag question

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