Mgmt 425 Ch 3

structures, processes, and activities by which a nation governs itself

political system in which individuals govern without the support of the people, tightly control people's lives, and do not tolerate opposing viewpoints

political system in which a country's religious leaders are also its political leaders

political system under the control of totalitarian religious leaders

political system in which leaders rely on military and bureaucratic power

belief that social and economic equality can be obtained only by establishing an all-powerful Communist Party and by granting the government ownership and control over all types of economic activity

belief that social and economic equality is obtained through government ownership and regulation of the means of production

political system in which government leaders are elected directly by the wide participation of the people or by their representatives

democracy in which citizens elect individuals from their groups to represent their political views

segment of the economic environment comprising independently owned firms that seek to earn profits

belief that ownership of the means of production belongs in the hands of individuals and private businesses

likelihood that a society will undergo political changes that negatively affect local business activity

forced transfer of assets form a company to the government without compensation

forced transfer of assets from a company to the government with compensation

government takeover of an entire infant industry

laws stipulating that a specified amount of good or service be supplied by producers in the domestic markets

A 1977 stature that forbids U.S. companies from bribing government officials or political candidates in other nations

set of laws and regulations including the processes by which a country's laws are enacted and enforced and the ways in which its courts hold parties accountable for their actions

devotion of a people to their nation's interests and advancement

legal system based on a country's legal history (tradition), past cases that have come before its courts (precedent), and how laws are applied in specific situations (usage)

legal system based on a detailed set of written rules and statutes that constitute a legal code

legal system based on religious teachings

property that results from people's intellectual talent and abilities

legal rights to resources and any income they generate

patents and trademarks

property right granted to the inventor of a product or process that excludes others from making, using, or selling the invention

property right in the form of words or symbols that distinguish a product and its manufacturer

property right giving creators of original works the freedom to publish or dispose of them as they choose

international treaty that protects copyrights

responsibility of manufacturers, sellers, individuals, and others for damage, injury, or death caused by defective products

tax leveled on each party that adds value to a product throughout its production and distribution

laws designed to prevent companies from fixing prices, sharing markets, and gaining unfair monopoly advantages

personal behavior in accordance with guidelines for good conduct or morality

practice of companies going beyond legal obligations to actively balance commitments to investors, customers, other companies, and communities

environmental impact of greenhouse gases

international organization formed after World War II to provide leadership in fostering peace and stability around the world