Question 1

The U.S.at times applies antitrust law extraterritorially.

Accepted Answer

A) True 
 B)False

Question 2

The U.S.enforcement of EEOC law in U.S.companies operating abroad is an example of extraterritoriality.

Accepted Answer

A) True 
 B)False

Question 3

In the U.S.,trust-busting activities can be initiated by private parties,whereas in _________ they are initiated by the Federal Trade Commission (FTC).

Accepted Answer

Japan
Explanation: O

Question 4

Japanese cultural values suggest that in Japan,antitrust law against cartels would be strictly enforced.

Accepted Answer

A) True 
 B)False

Question 5

Legal uncertainties have affected international business (IB)-

Accepted Answer

A)  they have slowed down IB growth. 
B)  they have not, though, slowed down the growth of IB; instead, they have made conducting IB more complex. 
C)  prices and insurance costs have risen. 
D)  fewer large businesses want to be involved across national borders due to the uncertainties of the legal environment. 
A)  they have slowed down IB growth. 
B)  they have not, though, slowed down the growth of IB; instead, they have made conducting IB more complex. 
C)  prices and insurance costs have risen. 
D)  fewer large businesses want to be involved across national borders due to the uncertainties of the legal environment.

Question 6

Incoterms include

Accepted Answer

A)  FAS and CIF. 
B)  CFR and COD. 
C)  INSAP and ECO. 
D)  SAE and EBI. 
A)  FAS and CIF. 
B)  CFR and COD. 
C)  INSAP and ECO. 
D)  SAE and EBI.

Question 7

_____________ describes the set of rules that nations have agreed to follow.

Accepted Answer

International law
Explanation:

Question 8

The UN Convention on the International Sale of Goods (CISG)has established legal rules and outlined the rights and obligations of the buyer and seller.

Accepted Answer

A) True 
 B)False

Question 9

Standardization of law

Accepted Answer

A)  would challenge international business because IB would lose protection. 
B)  would make IB work more smoothly because uniform, predictable laws would result. 
C)  has not been progressing due to nationalism and patriotism. 
D)  does not take into account cultural aspects of legal regulations. 
A)  would challenge international business because IB would lose protection. 
B)  would make IB work more smoothly because uniform, predictable laws would result. 
C)  has not been progressing due to nationalism and patriotism. 
D)  does not take into account cultural aspects of legal regulations.

Question 10

U.S.responses to foreign tariffs are likely to

Accepted Answer

A)  raise the cost of the imported goods for U.S. consumers. 
B)  force a reduction in tariffs. 
C)  create equity across markets, which is the goal. 
D)  establish the fundamental rule of power rather than principle. 
A)  raise the cost of the imported goods for U.S. consumers. 
B)  force a reduction in tariffs. 
C)  create equity across markets, which is the goal. 
D)  establish the fundamental rule of power rather than principle.

Question 11

Patents are government grants that give the owner

Accepted Answer

A)  exclusive rights to use, sell, manufacture, or exploit the invention or process. 
B)  the exclusive right to use the fundamental ideas on which the invention is based. 
C)  the rights to sell the invention, but only beyond the patent-granter's borders. 
D)  rights to the invention but does not prevent others from copying the invention. 
A)  exclusive rights to use, sell, manufacture, or exploit the invention or process. 
B)  the exclusive right to use the fundamental ideas on which the invention is based. 
C)  the rights to sell the invention, but only beyond the patent-granter's borders. 
D)  rights to the invention but does not prevent others from copying the invention.

Question 12

Trade obstacles are considered to be legal forces because

Accepted Answer

A)  customs is controlled by a country's national police or army. 
B)  their compliance is costly to the firm and the consumer. 
C)  they are protected by the courts. 
D)  they often are based on legislation, and noncompliance can carry punishment. 
A)  customs is controlled by a country's national police or army. 
B)  their compliance is costly to the firm and the consumer. 
C)  they are protected by the courts. 
D)  they often are based on legislation, and noncompliance can carry punishment.

Question 13

Tariffs are categorized as financial and political forces,but they are usually not seen as legal forces.

Accepted Answer

A) True 
 B)False

Question 14

The end result of legal trade obstacles is often

Accepted Answer

A)  limited trade, with the recipient of the trade obstacles withdrawing. 
B)  political negotiations between the two countries, to smooth relations and reduce costs. 
C)  higher costs to consumers. 
D)  lower taxes to citizens in the tariff-imposing country due to tariff revenues. 
A)  limited trade, with the recipient of the trade obstacles withdrawing. 
B)  political negotiations between the two countries, to smooth relations and reduce costs. 
C)  higher costs to consumers. 
D)  lower taxes to citizens in the tariff-imposing country due to tariff revenues.

Question 15

Extraterritoriality is

Accepted Answer

A)  a nation's attempt to enforce its law beyond its borders. 
B)  added territory as a result of dispute settlements in wars, such as the Sakalin Islands. 
C)  a citizen's claim to government assistance in a foreign environment. 
D)  a taxable condition most international firms attempt to avoid. 
A)  a nation's attempt to enforce its law beyond its borders. 
B)  added territory as a result of dispute settlements in wars, such as the Sakalin Islands. 
C)  a citizen's claim to government assistance in a foreign environment. 
D)  a taxable condition most international firms attempt to avoid.

Question 16

In Japan the FTC does not require a __________ to raid a firm suspected of being in violation of trust law.

Accepted Answer

warrant
Explanation:

Question 17

____________ are the most common form of IP protection that international businesses pursue.

Accepted Answer

Trade secrets
Explanation: Tra

Question 18

There is one main organization that offers intellectual property (IP)protection,the UN.

Accepted Answer

A) True 
 B)False

Question 19

Punitive damages in product liability cases can be awarded in

Accepted Answer

A)  Japan. 
B)  Japan and the EU. 
C)  the UK. 
D)  the U.S. 
A)  Japan. 
B)  Japan and the EU. 
C)  the UK. 
D)  the U.S.

Question 20

Three areas of special concern to international business managers because they affect activities in the international setting and not in the domestic setting are performance of contracts in an international setting,litigation in an international setting,and ___________.

Accepted Answer

extraterritoriality
Explanatio

The U.S.at times applies antitrust law extraterritorially.

The U.S.enforcement of EEOC law in U.S.companies operating abroad is an example of extraterritoriality.

In the U.S.,trust-busting activities can be initiated by private parties,whereas in _________ they are initiated by the Federal Trade Commission (FTC).

Japanese cultural values suggest that in Japan,antitrust law against cartels would be strictly enforced.

Legal uncertainties have affected international business (IB)-

Incoterms include

_____________ describes the set of rules that nations have agreed to follow.

The UN Convention on the International Sale of Goods (CISG)has established legal rules and outlined the rights and obligations of the buyer and seller.

Standardization of law

U.S.responses to foreign tariffs are likely to

Patents are government grants that give the owner

Trade obstacles are considered to be legal forces because

Tariffs are categorized as financial and political forces,but they are usually not seen as legal forces.

The end result of legal trade obstacles is often

Extraterritoriality is

In Japan the FTC does not require a __________ to raid a firm suspected of being in violation of trust law.

____________ are the most common form of IP protection that international businesses pursue.

There is one main organization that offers intellectual property (IP)protection,the UN.

Punitive damages in product liability cases can be awarded in

Three areas of special concern to international business managers because they affect activities in the international setting and not in the domestic setting are performance of contracts in an international setting,litigation in an international setting,and ___________.

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

The U.S.at times applies antitrust law extraterritorially.

The U.S.enforcement of EEOC law in U.S.companies operating abroad is an example of extraterritoriality.

In the U.S.,trust-busting activities can be initiated by private parties,whereas in _________ they are initiated by the Federal Trade Commission (FTC).

Japanese cultural values suggest that in Japan,antitrust law against cartels would be strictly enforced.

Legal uncertainties have affected international business (IB)-

Incoterms include

_____________ describes the set of rules that nations have agreed to follow.

The UN Convention on the International Sale of Goods (CISG)has established legal rules and outlined the rights and obligations of the buyer and seller.

Standardization of law

U.S.responses to foreign tariffs are likely to

Patents are government grants that give the owner

Trade obstacles are considered to be legal forces because

Tariffs are categorized as financial and political forces,but they are usually not seen as legal forces.

The end result of legal trade obstacles is often

Extraterritoriality is

In Japan the FTC does not require a __________ to raid a firm suspected of being in violation of trust law.

____________ are the most common form of IP protection that international businesses pursue.

There is one main organization that offers intellectual property (IP)protection,the UN.

Punitive damages in product liability cases can be awarded in

Three areas of special concern to international business managers because they affect activities in the international setting and not in the domestic setting are performance of contracts in an international setting,litigation in an international setting,and ___________.

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