Question 1

Predefined commercial terms established by the International Chamber of Commerce are known as __________.

Accepted Answer

Incoterms
Explanation: Incoterms greatly aid international business by standardizing sales agreements and other duties and obligations of commerce.

Question 2

Customary international law draws on practices that have been followed often for centuries.

Accepted Answer

A) True 
 B)False  True

Question 3

The source of most international law is

Accepted Answer

A)  bilateral and multilateral treaties, many initiated by the UN. 
B)  the World Court. 
C)  national law that is applied extraterritorially. 
D)  waiting to be discovered, since the amount of international law is quite limited. 
A)  bilateral and multilateral treaties, many initiated by the UN. 
B)  the World Court. 
C)  national law that is applied extraterritorially. 
D)  waiting to be discovered, since the amount of international law is quite limited. A

Question 4

The EU does not apply its competition policy beyond the EU.

Accepted Answer

A) True 
 B)False

Question 5

WIPO is a

Accepted Answer

A)  UN agency that administers intellectual property treaties and advises countries on intellectual property-related administrative issues. 
B)  WTO group opposed to patent extension and pro-generic. 
C)  part of the Club of Rome that lobbies for longer patent periods. 
D)  research arm of the Fuel Cartel that has been advocating longer patent protection for biofuel processing systems. 
A)  UN agency that administers intellectual property treaties and advises countries on intellectual property-related administrative issues. 
B)  WTO group opposed to patent extension and pro-generic. 
C)  part of the Club of Rome that lobbies for longer patent periods. 
D)  research arm of the Fuel Cartel that has been advocating longer patent protection for biofuel processing systems.

Question 6

WIPRO and TRIPS represent

Accepted Answer

A)  patent harmonization agreements in SE Asia and the EU, respectively. 
B)  anti-counterfeiting agreements in Korea and North America, respectively. 
C)  WTO and UN agreements on corruption. 
D)  UN and WTO agencies or programs that focus on IP. 
A)  patent harmonization agreements in SE Asia and the EU, respectively. 
B)  anti-counterfeiting agreements in Korea and North America, respectively. 
C)  WTO and UN agreements on corruption. 
D)  UN and WTO agencies or programs that focus on IP.

Question 7

Arbitration is a private solution that is

Accepted Answer

A)  often preferred by foreign litigants because it is perceived as fairer, faster, cheaper, and more confidential than are the courts. 
B)  favored by international unions. 
C)  recommended by the UN for international companies facing litigation in developing countries. 
D)  discouraged by the U.S. Bar Association. 
A)  often preferred by foreign litigants because it is perceived as fairer, faster, cheaper, and more confidential than are the courts. 
B)  favored by international unions. 
C)  recommended by the UN for international companies facing litigation in developing countries. 
D)  discouraged by the U.S. Bar Association.

Question 8

According to the U.S.Chamber of Commerce Global Intellectual Property Center,______________ has the best momentum on the protection of intellectual property rights.

Accepted Answer

the US
Explanation:

Question 9

The EU _________________ articles dealing with restrictive trade practices do not contain this per se illegality concept of U.S.antitrust law.

Accepted Answer

Treaty of Rome
Expla

Question 10

The Foreign Corrupt Practices Act (FCPA)is U.S.legislation that

Accepted Answer

A)  outlines bribery practices that are allowed abroad but not in the U.S. 
B)  prohibits bribery by American companies abroad. 
C)  allows bribery in foreign dealings when culturally sanctioned. 
D)  outlines and prohibits foreign bribery practices by foreign nationals in foreign nations. 
A)  outlines bribery practices that are allowed abroad but not in the U.S. 
B)  prohibits bribery by American companies abroad. 
C)  allows bribery in foreign dealings when culturally sanctioned. 
D)  outlines and prohibits foreign bribery practices by foreign nationals in foreign nations.

Question 11

Smaller nations would like patent protection

Accepted Answer

A)  extended, to allow for them to build their competitive advantage. 
B)  extended, so that they can recoup development costs. 
C)  reduced, so that they can enter the game earlier, possibly with generics. 
D)  extended, so that their profits can increase. 
A)  extended, to allow for them to build their competitive advantage. 
B)  extended, so that they can recoup development costs. 
C)  reduced, so that they can enter the game earlier, possibly with generics. 
D)  extended, so that their profits can increase.

Question 12

The three main approaches to law are

Accepted Answer

A)  civil, common, and religious. 
B)  civil, Sharia, and court-based. 
C)  Sharia, Talmudic, and Napoleonic. 
D)  criminal, civil, and common. 
A)  civil, common, and religious. 
B)  civil, Sharia, and court-based. 
C)  Sharia, Talmudic, and Napoleonic. 
D)  criminal, civil, and common.

Question 13

In the U.S.punitive damage rulings have no measureable effect on medical areas.

Accepted Answer

A) True 
 B)False

Question 14

A patent gives the inventor

Accepted Answer

A)  property rights for 10 years. 
B)  the right to use the invention until development costs are recouped. 
C)  exclusive right to manufacture, exploit, use, and sell the invention for a given time period. 
D)  the right to keep the patented process but not the product for five years. 
A)  property rights for 10 years. 
B)  the right to use the invention until development costs are recouped. 
C)  exclusive right to manufacture, exploit, use, and sell the invention for a given time period. 
D)  the right to keep the patented process but not the product for five years.

Question 15

With patents,there is standardization,

Accepted Answer

A)  to some degree, through the EPO within the EU. 
B)  yet this is in name only, so often companies file many patents applications in different countries. 
C)  with total harmonization reached through UN accords. 
D)  thanks to the accounting harmonization process. 
A)  to some degree, through the EPO within the EU. 
B)  yet this is in name only, so often companies file many patents applications in different countries. 
C)  with total harmonization reached through UN accords. 
D)  thanks to the accounting harmonization process.

Question 16

An alternative to settling an international dispute in a U.S.court is to use ____________.

Accepted Answer

arbitration
Explanation: Arbit

Question 17

In Japan,product liability requires that

Accepted Answer

A)  the plaintiff prove design or manufacture negligence. 
B)  the plaintiff meet with the defendant to reach an agreement and present it to the judge. 
C)  harm be done with foreknowledge. 
D)  in high-tech cases, the plaintiff establish a pattern of malfeasance. 
A)  the plaintiff prove design or manufacture negligence. 
B)  the plaintiff meet with the defendant to reach an agreement and present it to the judge. 
C)  harm be done with foreknowledge. 
D)  in high-tech cases, the plaintiff establish a pattern of malfeasance.

Question 18

Competition or antitrust laws are intended to prevent __________.

Accepted Answer

monopolies
Explanation: They d

Question 19

Trade names are protected under

Accepted Answer

A)  national laws in all UN member countries. 
B)  the International Convention for the Protection of Industrial Property. 
C)  many local laws in most countries, so that illegal trademark use is a local issue. 
D)  long-standing convention, but no legal agreements. 
A)  national laws in all UN member countries. 
B)  the International Convention for the Protection of Industrial Property. 
C)  many local laws in most countries, so that illegal trademark use is a local issue. 
D)  long-standing convention, but no legal agreements.

Question 20

One major difference between the U.S.and the EU in antitrust law is that U.S.law follows the ____________ concept in its approach.

Accepted Answer

per se
Explanation: The per se

Predefined commercial terms established by the International Chamber of Commerce are known as __________.

Customary international law draws on practices that have been followed often for centuries.

The source of most international law is

The EU does not apply its competition policy beyond the EU.

WIPO is a

WIPRO and TRIPS represent

Arbitration is a private solution that is

According to the U.S.Chamber of Commerce Global Intellectual Property Center,______________ has the best momentum on the protection of intellectual property rights.

The EU _________________ articles dealing with restrictive trade practices do not contain this per se illegality concept of U.S.antitrust law.

The Foreign Corrupt Practices Act (FCPA)is U.S.legislation that

Smaller nations would like patent protection

The three main approaches to law are

In the U.S.punitive damage rulings have no measureable effect on medical areas.

A patent gives the inventor

With patents,there is standardization,

An alternative to settling an international dispute in a U.S.court is to use ____________.

In Japan,product liability requires that

Competition or antitrust laws are intended to prevent __________.

Trade names are protected under

One major difference between the U.S.and the EU in antitrust law is that U.S.law follows the ____________ concept in its approach.

The Challenging Context of International Business

International Trade and Investment

Sociocultural Forces

Sustainability and Natural Resources

Political Forces That Affect Global Trade

Economic and Socioeconomic Forces

The International Monetary System and Financial Forces

International Competitive Strategy

Organizational Design and Control

Global Leadership Issues and Practices

International Markets: Assessment and Entry Modes

Marketing Internationally

Managing Human Resources in an International Context

International Accounting and Financial Management

Appendix A: International Institutions From a Business Perspective

Appendix B: Export and Import Practices

Appendix C: Global Operations and Supply Chain Management

Filters

Exam 6: Intellectual Property Rights and Other Legal Forces

Predefined commercial terms established by the International Chamber of Commerce are known as __________.

Customary international law draws on practices that have been followed often for centuries.

The source of most international law is

The EU does not apply its competition policy beyond the EU.

WIPO is a

WIPRO and TRIPS represent

Arbitration is a private solution that is

According to the U.S.Chamber of Commerce Global Intellectual Property Center,______________ has the best momentum on the protection of intellectual property rights.

The EU _________________ articles dealing with restrictive trade practices do not contain this per se illegality concept of U.S.antitrust law.

The Foreign Corrupt Practices Act (FCPA)is U.S.legislation that

Smaller nations would like patent protection

The three main approaches to law are

In the U.S.punitive damage rulings have no measureable effect on medical areas.

A patent gives the inventor

With patents,there is standardization,

An alternative to settling an international dispute in a U.S.court is to use ____________.

In Japan,product liability requires that

Competition or antitrust laws are intended to prevent __________.

Trade names are protected under

One major difference between the U.S.and the EU in antitrust law is that U.S.law follows the ____________ concept in its approach.

The Challenging Context of International Business

International Trade and Investment

Sociocultural Forces

Sustainability and Natural Resources

Political Forces That Affect Global Trade

Economic and Socioeconomic Forces

The International Monetary System and Financial Forces

International Competitive Strategy

Organizational Design and Control

Global Leadership Issues and Practices

International Markets: Assessment and Entry Modes

Marketing Internationally

Managing Human Resources in an International Context

International Accounting and Financial Management

Appendix A: International Institutions From a Business Perspective

Appendix B: Export and Import Practices

Appendix C: Global Operations and Supply Chain Management

Filters