Political & Economic Systems in Global Business

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Why would companies avoid doing business in countries run by military dictators?

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1. In which type of system would hiring women MOST likely be problematic?

2. Which type of economic system is the most favorable to business?

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About This Quiz & Worksheet

Conducting business internationally can present various challenges, and this quiz/worksheet combo will test your understanding of how companies address these challenges. Many of these challenges arise from different political and economic systems, which will also be covered in the worksheet.

Quiz & Worksheet Goals

In these assessments you'll be tested on the following:

  • Repressive regimes governed by dictators via military control
  • Political system that blocks the right of religious/cultural freedom
  • Economic system with minimal regulatory restrictions

Skills Practiced

This quiz and worksheet allow students to test the following skills:

  • Distinguishing differences - compare and contrast the different types of political and economic systems covered
  • Critical thinking - apply relevant concepts to understand how international differences affect global companies
  • Knowledge application - use acquired knowledge to identify the economic system in which power is controlled by government and politicians

Additional Learning

To learn more, review the accompanying lesson titled Political & Economic Systems in Global Business. This lesson covers the following objectives:

  • Define common terms associated with global business
  • Understand how certain political and economic systems present global challenges
  • Recognize why overcoming global challenges is necessary for global companies
  • Know why certain political and economic systems are more favorable to conducting business
  • Understand how a company can overcome global challenges
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