CPCU 530 Ch. 10 Flashcards Preview

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Flashcards in CPCU 530 Ch. 10 Deck (22)
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1
Q

Risk that is inherent in the operation of a particular organization including the possibility of loss, no loss, or gain

A

Business risk

2
Q

A law that concerns the interrelation of nation states and that is governed by treaties and other international agreements

A

Public international law

3
Q

A law that involves disputes between individuals or corporations in different countries

A

Private international law

4
Q

The act of selling large quantity of goods at less than fair value, including selling good abroad at less than the market price at home

A

Dumping

5
Q

The European Union’s member countries’ single, unified market in which goods, services, people, and capital can move freely across boarders

A

Common Market

6
Q

A currency based on the fixed exchange rate of another country’s currency

A

Pegged currency

7
Q

The price one part of a company charges for products and services it provides to another part of the same company

A

Transfer price

8
Q

A country whose regulations offer financial and business incentives encouraging organizations from other countries to do business there

A

Tax haven

9
Q

A corporate share that is owned by the holder of the share certificate and is not registered; therefore, ownership remains private

A

Registered share

10
Q

A form of government by the people through elected representatives

A

Democratic rule

11
Q

A form of government in which elected reps have no political party affiliation

A

Nonparty democracy

12
Q

A form of government involving rule by a prime minister and an elected parliament

A

Parliamentary democracy

13
Q

A form of government in which the citizens directly elect a president

A

Presidential democracy

14
Q

A form of government in which reps may be elected from several or many political parties

A

Multiparty democracy

15
Q

A form of government by a group of military officers governing a country after seizing power

A

Junta

16
Q

The assumption of control of a country by a military

A

Martial law

17
Q

A form of government led by a hereditary chief of state with powers varying from absolute to ceremonial

A

Monarchy

18
Q

A form of government led by a single ruler who selects advisers for assistance

A

Absolute monarchy

19
Q

A form of government with a parliament, or a democratic legislative body, but with a monarch as a formal or ceremonial head of state

A

Constitutional monarchy

20
Q

A form of government that constitutionally permits only one specific political party

A

Single-party government

21
Q

A form of government based on religious doctrine and often led by religious leaders

A

Theocratic government

22
Q

A temporary form of government used when a country is rebuilding its government, usually as a result of war

A

Transitional government