Question 1

The Dodd-Frank Act:

Accepted Answer

A)  extends the reach of the antifraud provisions of the 1933 and 1934 Securities Acts. 
B)  appears to restore to private litigants the right to bring proceedings to enforce the antifraud provisions of the U.S. securities laws in cases with an extraterritorial component. 
C)  limits the Department of Justice's right to bring proceedings to enforce antifraud provisions of the U.S. securities laws in cases affecting other nations. 
D)  has been repealed by executive order. 
A)  extends the reach of the antifraud provisions of the 1933 and 1934 Securities Acts. 
B)  appears to restore to private litigants the right to bring proceedings to enforce the antifraud provisions of the U.S. securities laws in cases with an extraterritorial component. 
C)  limits the Department of Justice's right to bring proceedings to enforce antifraud provisions of the U.S. securities laws in cases affecting other nations. 
D)  has been repealed by executive order. A

Question 2

The Schengen Area is a zone in Europe without internal borders within which citizens, many non-EU nationals, business people, and tourists can freely circulate without being subjected to border checks. It now encompasses twenty-two EU countries and four associated non-EU countries.

Accepted Answer

A) True 
 B)False  True

Question 3

Which of the following is an objective of the Treaty on European Union?

Accepted Answer

A)  To create cultural diversity among the member nations to increase tourism. 
B)  To develop individual national autonomy on justice and home affairs. 
C)  To promote economic and social progress by creating an area without internal borders and by establishing an economic and monetary union. 
D)  None of these are objectives of the  Treaty on European Union. 
A)  To create cultural diversity among the member nations to increase tourism. 
B)  To develop individual national autonomy on justice and home affairs. 
C)  To promote economic and social progress by creating an area without internal borders and by establishing an economic and monetary union. 
D)  None of these are objectives of the  Treaty on European Union. C

Question 4

NAFTA's objectives include to:

Accepted Answer

A)  create trade barriers between the U.S., Mexico, and Canada. 
B)  increase investment opportunities. 
C)  enforce real property rights. 
D)  All of these are objectives. 
A)  create trade barriers between the U.S., Mexico, and Canada. 
B)  increase investment opportunities. 
C)  enforce real property rights. 
D)  All of these are objectives.

Question 5

Under the provisions of the Foreign Sovereign Immunities Act:

Accepted Answer

A)  all foreign governments are immune from suit by U.S. citizens. 
B)  U.S. citizens in U.S. courts can always sue most foreign governments. 
C)  a car used by a foreign embassy in Washington can be seized to settle a judgment against a driver. 
D)  U.S. courts may take jurisdiction in a suit against a foreign country for commercial acts by that government that have a direct effect on the United States. 
A)  all foreign governments are immune from suit by U.S. citizens. 
B)  U.S. citizens in U.S. courts can always sue most foreign governments. 
C)  a car used by a foreign embassy in Washington can be seized to settle a judgment against a driver. 
D)  U.S. courts may take jurisdiction in a suit against a foreign country for commercial acts by that government that have a direct effect on the United States.

Question 6

The international organization which seeks to stabilize currency exchange is the:

Accepted Answer

A)  United Nations Exchange Branch. 
B)  International Court of Justice. 
C)  United States Treasury. 
D)  International Monetary Fund. 
A)  United Nations Exchange Branch. 
B)  International Court of Justice. 
C)  United States Treasury. 
D)  International Monetary Fund.

Question 7

A country may issue to foreign citizens visas that permit them to enter the country for identified purposes or for specific periods of time.

Accepted Answer

A) True 
 B)False

Question 8

The United States belongs to which multinational treaty for patent protection?

Accepted Answer

A)  The Madrid Protocol. 
B)  The Paris Convention for the Protection of Industrial Property. 
C)  The Berne Convention. 
D)  The WIPO Treaty. 
A)  The Madrid Protocol. 
B)  The Paris Convention for the Protection of Industrial Property. 
C)  The Berne Convention. 
D)  The WIPO Treaty.

Question 9

A specialized U.N. agency or a U.N. organ may seek an advisory opinion from the International Court of Justice, but an individual or a sovereign state may not.

Accepted Answer

A) True 
 B)False

Question 10

Fines imposed on individuals for violating the Foreign Corrupt Practices Act may be paid, either directly or indirectly, by the domestic concern on whose behalf they acted.

Accepted Answer

A) True 
 B)False

Question 11

The U.S. Bankruptcy Code does not apply to cross-border (transnational) insolvencies.

Accepted Answer

A) True 
 B)False

Question 12

Under a distributorship:

Accepted Answer

A)  the distributor, like an agent, does not take title to the merchandise it receives. 
B)  the producer bears many of the risks connected with commercial sales. 
C)  both the producer and the distributor must take special care to ensure that the arrangement does not violate the antitrust laws of their respective governments. 
D)  multinational enterprises wishing to exploit an intellectual property right sell to a foreign company the right to use such property. 
A)  the distributor, like an agent, does not take title to the merchandise it receives. 
B)  the producer bears many of the risks connected with commercial sales. 
C)  both the producer and the distributor must take special care to ensure that the arrangement does not violate the antitrust laws of their respective governments. 
D)  multinational enterprises wishing to exploit an intellectual property right sell to a foreign company the right to use such property.

Question 13

Any business that engages in transactions involving the movement of goods, information, money, people, or services across national borders is referred to as a:

Accepted Answer

A)  multinational enterprise. 
B)  joint venture. 
C)  flow of trade. 
D)  flow of capital. 
A)  multinational enterprise. 
B)  joint venture. 
C)  flow of trade. 
D)  flow of capital.

Question 14

Azurzerapi Corporation plans to start marketing products worldwide. What forms of multinational business enterprise should it consider?

Accepted Answer

It should consider the use of a wholly o

Question 15

A goal of the EU is to promote progress by establishing an economic and monetary union.

Accepted Answer

A) True 
 B)False

Question 16

The Foreign Sovereign Immunities Act specifically provides that a foreign state shall be immune from neither federal nor state court jurisdiction if the suit is based on which of the following?

Accepted Answer

A)  A commercial activity conducted in the United States by the foreign state. 
B)  An act that the foreign state performed in the United States in connection with a commercial activity it carried on elsewhere. 
C)  A commercial activity performed outside U.S. borders that directly affects the U.S. 
D)  All of these. 
A)  A commercial activity conducted in the United States by the foreign state. 
B)  An act that the foreign state performed in the United States in connection with a commercial activity it carried on elsewhere. 
C)  A commercial activity performed outside U.S. borders that directly affects the U.S. 
D)  All of these.

Question 17

When a treaty and a right declared under a subsequent federal statute conflict, the treaty must prevail.

Accepted Answer

A) True 
 B)False

Question 18

How is "sovereign immunity" interpreted under U.S. law today?

Accepted Answer

A)  It gives absolute immunity to a foreign nation from all U.S. laws. 
B)  It gives immunity to foreign governments for commercial activity carried on in the U.S. by the foreign government. 
C)  It exempts the public acts of a foreign government, such as those involving diplomatic activity, from all U.S. laws. 
D)  All of these are a part of the interpretation. 
A)  It gives absolute immunity to a foreign nation from all U.S. laws. 
B)  It gives immunity to foreign governments for commercial activity carried on in the U.S. by the foreign government. 
C)  It exempts the public acts of a foreign government, such as those involving diplomatic activity, from all U.S. laws. 
D)  All of these are a part of the interpretation.

Question 19

The International Anti-Bribery and Fair Competition Act of 1998 was enacted to expand the Foreign Corrupt Practices Act to include:

Accepted Answer

A)  payments made to "secure any improper advantage" from foreign officials. 
B)  all foreign persons who commit an act in furtherance of a U.S. bribe while in the U.S. 
C)  domestic officials of international organizations. 
D)  All of these are included. 
A)  payments made to "secure any improper advantage" from foreign officials. 
B)  all foreign persons who commit an act in furtherance of a U.S. bribe while in the U.S. 
C)  domestic officials of international organizations. 
D)  All of these are included.

Question 20

The U.S. Constitution provides that all valid treaties, which are agreements among independent nations, have the force of federal statutes.

Accepted Answer

A) True 
 B)False

Exam 46: International Business Law

The Dodd-Frank Act:

The Schengen Area is a zone in Europe without internal borders within which citizens, many non-EU nationals, business people, and tourists can freely circulate without being subjected to border checks. It now encompasses twenty-two EU countries and four associated non-EU countries.

Which of the following is an objective of the Treaty on European Union?

NAFTA's objectives include to:

Under the provisions of the Foreign Sovereign Immunities Act:

The international organization which seeks to stabilize currency exchange is the:

A country may issue to foreign citizens visas that permit them to enter the country for identified purposes or for specific periods of time.

The United States belongs to which multinational treaty for patent protection?

A specialized U.N. agency or a U.N. organ may seek an advisory opinion from the International Court of Justice, but an individual or a sovereign state may not.

Fines imposed on individuals for violating the Foreign Corrupt Practices Act may be paid, either directly or indirectly, by the domestic concern on whose behalf they acted.

The U.S. Bankruptcy Code does not apply to cross-border (transnational) insolvencies.

Under a distributorship:

Any business that engages in transactions involving the movement of goods, information, money, people, or services across national borders is referred to as a:

Azurzerapi Corporation plans to start marketing products worldwide. What forms of multinational business enterprise should it consider?

A goal of the EU is to promote progress by establishing an economic and monetary union.

The Foreign Sovereign Immunities Act specifically provides that a foreign state shall be immune from neither federal nor state court jurisdiction if the suit is based on which of the following?

When a treaty and a right declared under a subsequent federal statute conflict, the treaty must prevail.

How is "sovereign immunity" interpreted under U.S. law today?

The International Anti-Bribery and Fair Competition Act of 1998 was enacted to expand the Foreign Corrupt Practices Act to include:

The U.S. Constitution provides that all valid treaties, which are agreements among independent nations, have the force of federal statutes.

Introduction to Law

Business Ethics

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Intentional Torts

Negligence and Strict Liability

Introduction to Contracts

Mutual Assent

Conduct Invalidating Assent

Consideration

Illegal Bargains

Contractual Capacity

Contracts in Writing

Third Parties to Contracts

Performance Breach and Discharge

Contract Remedies

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Product Liability Warranties and Strict Liability

Sales Remedies

Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits Collections and Funds Transfers

Relationship of Principal and Agent

Relationship With Third Parties

Formation and Internal Relations of General Partnerships

Operation and Dissolution of General Partnerships

Limited Partnerships and Limited Liability Companies

Nature and Formation of Corporations

Financial Structure of Corporations

Management Structure of Corporations

Fundamental Changes of Corporations

Secured Transactions and Suretyship

Bankruptcy

Securities Regulation

Intellectual Property

Employment Law

Antitrust

Accountants Legal Liability

Consumer Protection

Environmental Law

Introduction to Property Property Insurance Bailments and Documents of Title

Interests in Real Property

Transfer and Control of Real Property

Trusts and Wills

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