MGT361-TUTORIAL 2

Which of the following are types of legal system being applied around the world?

• Common law

• Civil law

• Bureaucratic law

• Religious law

__________ based on cumulative wisdom of judges decision on individual cases through history, custom and tradition.

• Common law

• Civil law

• Bureaucratic law

• Religious law

__________ based on codification or detailed listing of wat is and is not permissible.

• Common law

• Civil law

• Bureaucratic law

• Religious law

__________ is legal system being practices in communist countries.

• Common law

• Civil law

• Bureaucratic law

• Religious law

__________ is based on the officially established rules governing the faith and practices of a particular religion.

• Common law

• Civil law

• Bureaucratic law

• Religious law

__________ can be defined as restraints against commerce with certain country.

• Sanction

• Embargo

• Privatization

• Expropriation

__________ can be defined as a ban on exporting or importing of good to a particular country.

• Sanction

• Embargo

• Nationalization

• Expropriation

__________ is the act of taking an industry or assets into the public ownership of the national government or state.

• Nationalization

• Expropriation

• Confiscation

• Domestication

__________ is the involuntary transfer of property, with little or no compensation, from a privately owned firm to the host government.

• Nationalization

• Expropriation

• Confiscation

• Domestication

__________ is the act of a government or authority seizing private property for public use, often without the owner's consent which compensating the owner.

• Nationalization

• Expropriation

• Confiscation

• Domestication