1. What is political risk and what are the most significant elements to be considered?
Political risk is any governmental actions that diminish value of the firm operating with the boundary or influence of that government
Most significant elements: Nationalization: Confiscation: Expropriation: Contract repudiation
Currency inconvertibility:
2. Describe in details of your study into one of your countries from your selected website addressing political risk
Libya
Political instability: Since January 2010, there have been varying degrees of political instability and public protests, including demonstrations which have been marked by violence, in Libya. Some political regimes in Libya are threatened or have changed as a result of such unrest. Such unrest, if continues to spread, could result in civil wars, regional conflicts, and regime changes resulting in governments that are hostile to the U.S. One method of offsetting financial risk includes insurance policies to cover in-country staff and particularly contracted personnel. Also, another option to mitigate risk are hard techniques typically revolve around easily identifiable physical security measures such as perimeter fencing, walls, locks etc. Marathon Oil should pay more attention to security and risk management planning.
3. What is intellectual property and list at least 5 categories of intellectual properties. Intellectual property: the ownership rights to one’s intangible innovations and creativity.
List: Brand name, Industrial design, Copyright, Geographical indication, Trade secrets
4. There are several guidelines the OECD suggests firms should adopt for the security of information systems and networks. List and describe 4. 1) Awareness: Participants should be aware of need for security of information system and networks and what they can do to enhance the security. 2) Responsibility: