Exam 13: Business in the Global Legal Environment

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Discuss why treaties have a horizontal structure of law.

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Some laws,such as international laws,or laws between sovereign states,are best thought of in a horizontal structure.Treaties have a horizontal structure because the parties to international treaties are sovereign states.Since each state is sovereign,that means that one sovereign state is not in a legally dominant or authoritative position over the other,and no sovereign state is in a legally submissive position to any other.

What is a vertical structure of law?

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In domestic law,some legitimate authority has the power to create,apply,and enforce a rule of law system.There is a legitimate law-creating authority at the "top," and the people to be governed at the "bottom." The law might be conceived of as being "handed down" to the people within its jurisdiction.This is a vertical structure of law,because there is some "higher" authority that imposes a rule of law on the people.

A _____ is a political entity that governs the affairs of its own territory without being subjected to an outside authority.

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C

Quotas are a form of _____ controls.

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If permitted by local governments,grease payments are legal.

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The activity of transporting products to another country is known as _____.

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Which of the following is a form of environmental degradation?

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Discuss a challenge to laws created in horizontal power structures.

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In the United States,laws are handed down by the executive branch in the form of common law.

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The Senate must ratify a treaty before the treaty binds the United States and before its provisions become law for the people within the United States.

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_____ prohibit importation of certain items by law.

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What is the importance of choice of law clause?

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It is legal for a U.S.company to contract with an overseas manufacturer without insisting on minimum wages per U.S.laws.

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An international law is an example of a law in a vertical structure.

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The department of federal government that regulates and enforces trade sanctions is the:

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Treaties for removal of trade barriers help member nations in lowering the costs of imports and maximizing the costs of exports.

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_____ are limits on quantities that apply to certain goods.

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A U.S.company decides to outsource a part of its operations to a Tokyo -based company.Both parties sign a contract specifying various terms of agreement.The contract includes a clause that specifies that any dispute or conflict arising during the contract period will be resolved based on the U.S.laws.What is this clause known as?

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Companies engaging in global business practices may face the ire of consumers at home if these questions represent an ethical dilemma at home.

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Products produced oversees for which a government has provided financial assistance for production are known as:

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