Question 1

U)S. antitrust law is applied:

Accepted Answer

A)  to all firms based in the United States, but not others. 
B)  to all firms, including extraterritorially. 
C)  only to U.S.-owned firms with assets in the United States. 
D)  to all firms, as long as they have assets in the United States. 
E)  all of the above. 
A)  to all firms based in the United States, but not others. 
B)  to all firms, including extraterritorially. 
C)  only to U.S.-owned firms with assets in the United States. 
D)  to all firms, as long as they have assets in the United States. 
E)  all of the above.

Question 2

In the U.S. court system, tort claims may result in:

Accepted Answer

A)  exceedingly large awards. 
B)  lower liability insurance. 
C)  a reduction in strict liability. 
D)  reduced liability insurance costs for foreign companies. 
E)  none of the above. 
A)  exceedingly large awards. 
B)  lower liability insurance. 
C)  a reduction in strict liability. 
D)  reduced liability insurance costs for foreign companies. 
E)  none of the above.

Question 3

Many U.S. laws affect activities of international firms, and their impacts have been coordinated.

Accepted Answer

A) True 
 B)False

Question 4

The FCPA includes:

Accepted Answer

A)  wording consistent with the United Kingdom Bribery Act to facilitate application globally. 
B)  specific explicit rules with clear definitions of terms that U.S. companies must follow in their foreign operations. 
C)  all accounting processes, including the accounting of transfer payments. 
D)  foreign tax liabilities and other adjustments specific to business outside the home country. 
E)  uncertainties that make its application problematic. 
A)  wording consistent with the United Kingdom Bribery Act to facilitate application globally. 
B)  specific explicit rules with clear definitions of terms that U.S. companies must follow in their foreign operations. 
C)  all accounting processes, including the accounting of transfer payments. 
D)  foreign tax liabilities and other adjustments specific to business outside the home country. 
E)  uncertainties that make its application problematic.

Question 5

Patent trolling is the process of:

Accepted Answer

A)  looking for loopholes in patent protection and exploiting them. 
B)  recording and registering patents in foreign countries to protect the firm's IP. 
C)  searching out patents that have expired and negotiating their replacements. 
D)  legal research that uncovers obscure, deceased patent holders and liberates their inventions. 
E)  none of the above. 
A)  looking for loopholes in patent protection and exploiting them. 
B)  recording and registering patents in foreign countries to protect the firm's IP. 
C)  searching out patents that have expired and negotiating their replacements. 
D)  legal research that uncovers obscure, deceased patent holders and liberates their inventions. 
E)  none of the above.

Question 6

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)  two of the above. 
E)  all of A, B, and C. 
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)  two of the above. 
E)  all of A, B, and C.

Question 7

Enforcing contracts that cross international borders is:

Accepted Answer

A)  simply a matter of applying the local law to the contract. 
B)  quite complicated and governed in most nations by the CISG. 
C)  the responsibility of Interpol. 
D)  secondary to who has possession of the goods, regardless of title. 
E)  nearly impossible, so negotiation is important. 
A)  simply a matter of applying the local law to the contract. 
B)  quite complicated and governed in most nations by the CISG. 
C)  the responsibility of Interpol. 
D)  secondary to who has possession of the goods, regardless of title. 
E)  nearly impossible, so negotiation is important.

Question 8

Incoterms attempt to standardize shipping agreements, and they include:

Accepted Answer

A)  FAS and CIF. 
B)  CED and COD. 
C)  descriptions of portside processes. 
D)  insurance arrangements for international shipments. 
E)  performance guarantees. 
A)  FAS and CIF. 
B)  CED and COD. 
C)  descriptions of portside processes. 
D)  insurance arrangements for international shipments. 
E)  performance guarantees.

Question 9

Usually, it is reasonable to assume that foreign law:

Accepted Answer

A)  will be similar to U.S. law. 
B)  will differ from U.S. law and must be understood. 
C)  won't matter because you and your trading partner will agree to arbitrate. 
D)  will be biased against the foreigner. 
E)  will vary but that U.S. law will take precedence. 
A)  will be similar to U.S. law. 
B)  will differ from U.S. law and must be understood. 
C)  won't matter because you and your trading partner will agree to arbitrate. 
D)  will be biased against the foreigner. 
E)  will vary but that U.S. law will take precedence.

Question 10

Arbitration is often preferred because it is:

Accepted Answer

A)  easier to influence an arbiter than a judge. 
B)  quicker and more private than the U.S. court system, although often more expensive. 
C)  more discreet, although more costly than the court system. 
D)  less bureaucratic than the court system of any country. 
E)  none of the above. 
A)  easier to influence an arbiter than a judge. 
B)  quicker and more private than the U.S. court system, although often more expensive. 
C)  more discreet, although more costly than the court system. 
D)  less bureaucratic than the court system of any country. 
E)  none of the above.

Question 11

Discovery refers to the process of finding out facts that indicate a law has been violated, and it leads to the filing of a legal case, or litigation.

Accepted Answer

A) True 
 B)False

Question 12

Copyrights are protected under:

Accepted Answer

A)  The WIPO Copyright Treaty. 
B)  the International Convention for the Protection of Industrial Property. 
C)  The Berne Convention of 1886. 
D)  the Treaty of Rome. 
E)  two of the above. 
A)  The WIPO Copyright Treaty. 
B)  the International Convention for the Protection of Industrial Property. 
C)  The Berne Convention of 1886. 
D)  the Treaty of Rome. 
E)  two of the above.

Question 13

The source of international law is mostly the tendency of powerful nations to apply their laws extraterritorially.

Accepted Answer

A) True 
 B)False

Question 14

The United States avoids trade barriers on imports in support of free trade principles.

Accepted Answer

A) True 
 B)False

Question 15

Where litigation in international disputes should occur is:

Accepted Answer

A)  usually evident from the documentation available. 
B)  at times unclear, in which case the UN International Court of Justice will make a jurisdictional ruling. 
C)  often complex, so contracts should include choice-of-law and choice-of-forum clauses. 
D)  dictated by where the problem arose; a problem arising in India is adjudicated in India. 
E)  determined by a jury during pretrial discovery. 
A)  usually evident from the documentation available. 
B)  at times unclear, in which case the UN International Court of Justice will make a jurisdictional ruling. 
C)  often complex, so contracts should include choice-of-law and choice-of-forum clauses. 
D)  dictated by where the problem arose; a problem arising in India is adjudicated in India. 
E)  determined by a jury during pretrial discovery.

Question 16

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 right to sell the invention, but only beyond the patent-granter's borders. 
D)  rights to the invention but do not prevent others from copying the invention. 
E)  two of the above. 
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 right to sell the invention, but only beyond the patent-granter's borders. 
D)  rights to the invention but do not prevent others from copying the invention. 
E)  two of the above.

Question 17

Global trademark protection follows the Office of Harmonization in the Internal Market approach.

Accepted Answer

A) True 
 B)False

Question 18

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 rights 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. 
E)  two of the above. 
A)  property rights for 10 years. 
B)  the right to use the invention until development costs are recouped. 
C)  exclusive rights 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. 
E)  two of the above.

Question 19

How might U.S. law affect international managers?

Accepted Answer

In addition to marked differences in com

Question 20

There is one main organization that offers IP protection, the UN.

Accepted Answer

A) True 
 B)False

U)S. antitrust law is applied:

In the U.S. court system, tort claims may result in:

Many U.S. laws affect activities of international firms, and their impacts have been coordinated.

The FCPA includes:

Patent trolling is the process of:

Arbitration is a private solution that is:

Enforcing contracts that cross international borders is:

Incoterms attempt to standardize shipping agreements, and they include:

Usually, it is reasonable to assume that foreign law:

Arbitration is often preferred because it is:

Discovery refers to the process of finding out facts that indicate a law has been violated, and it leads to the filing of a legal case, or litigation.

Copyrights are protected under:

The source of international law is mostly the tendency of powerful nations to apply their laws extraterritorially.

The United States avoids trade barriers on imports in support of free trade principles.

Where litigation in international disputes should occur is:

Patents are government grants that give the owner:

Global trademark protection follows the Office of Harmonization in the Internal Market approach.

A patent gives the inventor:

How might U.S. law affect international managers?

There is one main organization that offers IP protection, the UN.

The Challenging World of International Business

International Trade and Foreign Direct Investment

International Institutions From an International Business Perspective

Sociocultural Forces

Natural Resources and Environmental Sustainability

Political and Trade Forces

The International Monetary System and Financial Forces

International Competitive Strategy

Organizational Design and Control

Global Leadership Issues and Practices

Assessing International Markets

Entry Modes

Export and Import Practices

Marketing Internationally

Global Operations and Supply Chain Management

Managing Human Resources in an International Context

International Accounting and Financial Management

Filters

Exam 7: Intellectual Property and Other Legal Forces

U)S. antitrust law is applied:

In the U.S. court system, tort claims may result in:

Many U.S. laws affect activities of international firms, and their impacts have been coordinated.

The FCPA includes:

Patent trolling is the process of:

Arbitration is a private solution that is:

Enforcing contracts that cross international borders is:

Incoterms attempt to standardize shipping agreements, and they include:

Usually, it is reasonable to assume that foreign law:

Arbitration is often preferred because it is:

Discovery refers to the process of finding out facts that indicate a law has been violated, and it leads to the filing of a legal case, or litigation.

Copyrights are protected under:

The source of international law is mostly the tendency of powerful nations to apply their laws extraterritorially.

The United States avoids trade barriers on imports in support of free trade principles.

Where litigation in international disputes should occur is:

Patents are government grants that give the owner:

Global trademark protection follows the Office of Harmonization in the Internal Market approach.

A patent gives the inventor:

How might U.S. law affect international managers?

There is one main organization that offers IP protection, the UN.

The Challenging World of International Business

International Trade and Foreign Direct Investment

International Institutions From an International Business Perspective

Sociocultural Forces

Natural Resources and Environmental Sustainability

Political and Trade Forces

The International Monetary System and Financial Forces

International Competitive Strategy

Organizational Design and Control

Global Leadership Issues and Practices

Assessing International Markets

Entry Modes

Export and Import Practices

Marketing Internationally

Global Operations and Supply Chain Management

Managing Human Resources in an International Context

International Accounting and Financial Management

Filters