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18 Cards in this Set
- Front
- Back
- 3rd side (hint)
Democracy |
Greek for "rule by the people"; form of government in which all citizens have the right to vote. |
Greek Government (usa, Norway, Sweden) |
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Athenian Democracy |
A pure form of democracy, in which all adult citizens vote directly on matters affecting the community. |
Pure form |
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Representative Democracy |
Form of government on which citizens vote to elect given individuals to serve as their represtatives for a certain period of time. |
U.S. Democracy |
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Totalitarian Government |
System of government in which individuals govern without the support or consent of the citizenry; for example, a military dictatorship. |
Dictatorship (north korea) |
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Constitutional Monarchies |
Ceremonial Monarchs. (kings and queens) |
England's government |
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Communism |
An economic ideology whereby the government or state owns and controls all major factor of production and is philosophically a economically classless society. |
Russia's government |
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Socialism |
An economic ideology in which the government plays a strong role in the economy and may own stakes in certain businesses. |
Strong Role |
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Capitalism |
An economic ideology where businesses are privately owned, strong individual incentives exist, and the government plays very role in the economy. |
U.S. government |
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Economic Perks |
The risk that economic problems or mismanagement in a given country will have a meaningful negative impact upon the conduct of business in that country. |
Negative impact on conduct |
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Political Risk |
The risks that political forces or problems in a given country will have a meaningful negative impact upon the conduct of business in that country. |
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Micropolitical Risk |
A political risk that only affect a certain industry or set of firms in given country. |
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Macropolitical Risk |
A political risk that essentially affects all businesses in a given country. |
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Terrorism |
Involves unlawful art or violence threatening the physical safety of others. |
Unlawful violence |
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Terrorist Risk Insurance Active of 2002 |
A United States law that after a certain deductible provides U.S. business government insurance coverage for the risk of terrorism. |
Terrorist Insurance Policies |
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Overseas Private Investment Corporation (OPIC) |
A U.S. government agency that sells political risk insurance to U.S. business operative in countries with which the United States has a bilateral investment treaty. |
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Corruption |
A situation where business are able to illegally after relevant private and/or public decision making by way of bribes, kickbacks, blackmail, extortion, and related activities. |
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Public Corruption |
The practice of making illegal payments to government officials or engaging in blackmail, extortion or other related activities to obtain government approval for business activities. |
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Foreign Corrupt Practices Active (FCPA) |
A United States law that prohibits U.S. companies from bringing or otherwise corrupting foreign government official to win foreign government contract or obtain after foreign government assistance for their businesses. |
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