Question : 101.After the collapse of communism in Dehran, successful business owners : 1299209

101.After the collapse of communism in Dehran, successful business owners often had to pay “protection money” to the mafia or face violent retribution. In the context of property rights, the behavior of the mafia is an example of:  

A. active violation.

B. public action.

C. private action.

D. boundary spanning.

E. industrial espionage.

102.In the context of property rights, which of the following best exemplifies private action?  

A. Levying excessive taxes

B. Requiring expensive licenses or state permits from private property holders

C. Taking assets into state ownership without compensating the owners

D. Government bureaucrats demanding bribes from businesses in return for the rights to operate in a country

E. Business owners stealing their competitors trade secrets and intellectual properties

103.When state officials, such as politicians and government bureaucrats, violate property rights by extorting income, resources, or the property itself from property holders, it is described as:  

A. patents violation.

B. public action.

C. public servitude.

D. private action.

E. private governance.

104.Which of the following best exemplifies public action? 

A. The mafia in Cedia Republic demands “protection money”  from successful domestic business owners.

B. Cedian proprietors in the hospitality industry often complain about protection rackets by criminal groups.

C. Government bureaucrats demand bribes from international businesses in return for the rights to operate in Cedia Republic.

D. The Cedian government has been criticized for its inability to curb theft of trade secrets of international businesses by private domestic owners.

E. To promote the Cedian culture, the government has made Cedian movies, which are based on Cedian history, tax-free.  

105.The Republic Of Marwa has decided to open its economy to globalization. Which of the following will facilitate this decision of Marwa? 

A. A strong commitment to communism

B. A strong presence of private action in the nation

C. Adopting the Contracts For the International Sale of Goods (CIGS)

D. Creating a national environment that promotes public action

E. Breaking the rule of law

106.Which of the following terms best defines the relationship between the level of corruption and economic growth rate in a country?  

A. Directly proportional

B. Inversely proportional

C. Independent

D. Positive correlation

E. Zero correlation

107.In the 1970s, the United States passed the _____ following revelations that U.S. companies had bribed government officials in foreign countries in an attempt to win lucrative contracts.  

A. International Sale of Goods Act

B. Foreign Exchange Management Act

C. Foreign Corrupt Practices Act

D. Sarbanes-Oxley Act

E. Foreign Investment in Real Property Tax Act

108.In the United States, the Foreign Corrupt Practices Act was passed during the 1970s following revelations that: 

A. U.S. companies had bribed government officials in foreign countries in an attempt to win lucrative contracts.

B. U.S. companies were involved in bribing U.S. government officials in cases related to major corporate and accounting scandals.

C. U.S. government bureaucrats demanded bribes from U.S. companies in return for the permit to operate in a foreign country.

D. several companies were selling their products at lower prices in foreign countries than in the United States.

E. successful business owners in the U.S. often had to pay “protection money” to the Mafia or face violent retribution.

109.Which of the following does the U.S. law and OECD convention allow as an exception?  

A. Bribing a foreign government official to obtain a contract

B. Failure to keep records that would reveal if a violation of the Foreign Corrupt Practices act has occurred

C. Grease payments or speed money

D. Private action

E. Breach of the rule of law

110.Small legally acceptable payment made to speed up the issuance of permits or licenses, or process paperwork is typically referred to as a(n):

A. facilitating payment.

B. negative externality.

C. opportunity cost.

D. social cost.

E. accrued expense.