Question 1

A group boycott is an example of a per se violation.

Accepted Answer

A) True 
 B)False

Question 2

The FCPA's antibribery provisions are only applicable to businesses and not individuals.

Accepted Answer

A) True 
 B)False

Question 3

How is the theory of negligence in product liability different in common law states compared to countries that don't follow common law?

Accepted Answer

The answer of How is the theory of negligence in...

Question 4

The ________ is a rule applied by courts on a case-by-case basis requiring them to consider all of the circumstances in deciding whether a restrictive practice should be prohibited as imposing an unreasonable restraint on competition in violation of Sherman Act Section 1.

Accepted Answer

A)  per se rule 
B)  choice of law rule 
C)  rule of reason 
D)  rule of reciprocity

Question 5

A(n) ________ does not actually conduct business; rather, it functions as a foreign contact point where interested parties can obtain information about a particular firm.

Accepted Answer

A)  representative office 
B)  branch 
C)  subsidiary 
D)  franchise

Question 6

An agent's authority is limited to what the parent company delegates to him or her.

Accepted Answer

A) True 
 B)False

Question 7

A national multinational enterprise is the one in which a parent firm established in one country establishes wholly owned branches and subsidiaries in other countries.

Accepted Answer

A) True 
 B)False

Question 8

A company's service office in a host nation would be considered a branch of the company.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following tests is used to determine whether a court has subject-matter jurisdiction in an American antitrust case?

Accepted Answer

A)  the effects test 
B)  the minimum contact test 
C)  the national eligibility test 
D)  the per se test

Question 10

Apart from the long arm statute, what other criteria must a claimant fulfill in order to establish personal jurisdiction requirements of U.S. products liability laws?

Accepted Answer

The answer of Apart from the long arm statute, what...

Question 11

Discuss the importance of the separate legal identity of juridical entities in business.

Accepted Answer

The answer of Discuss the importance of the separate legal...

Question 12

Which of the following is a similarity between a national multinational enterprise and an international multinational enterprise?

Accepted Answer

A)  Both of them use subsidiaries. 
B)  Both of them have more than one parent company. 
C)  Both of them only have one parent-state. 
D)  Both of them don't use branches.

Question 13

________ is a per se violation, where a seller at one level sells goods to a buyer at a different level on the condition that the latter will not resell below an agreed-upon price.

Accepted Answer

A)  Group boycott 
B)  Vertical price fixing 
C)  Horizontal price fixing 
D)  Horizontal market division

Question 14

Under the ________, companies carrying on business outside the United States will come within the subject-matter jurisdiction of an American court if their business activity is intended to affect U.S. commerce and is not de minimis.

Accepted Answer

A)  national eligibility test 
B)  minimum contact test 
C)  effects test 
D)  per se test

Question 15

Product liability laws are part of the federal laws in the United States.

Accepted Answer

A) True 
 B)False

Question 16

Briefly describe the subordinate structures of representative office, an agent, and a branch.

Accepted Answer

The answer of Briefly describe the subordinate structures of representative...

Question 17

A subsidiary differs from a branch in that a subsidiary ________.

Accepted Answer

A)  is just a unit or a part of the parent with no separate legal status 
B)  is a co-parent company 
C)  is considered an agent of the parent company governed by an agency contract, but not owned by the company 
D)  is a company organized as a separate legal entity that is owned by the parent

Question 18

How are multinational enterprises regulated by the home state?

Accepted Answer

The answer of How are multinational enterprises regulated by the...

Question 19

The Robinson-Patman Act of 1936 was added to the panoply of American anti-trust law to make ________ illegal.

Accepted Answer

A)  anticompetitive mergers 
B)  tying arrangements 
C)  monopolization 
D)  price discrimination

Question 20

The rights and benefits accruing to the company belong to the company, not to its owners.

Accepted Answer

A) True 
 B)False

Exam 4: The Multinational Enterprise

A group boycott is an example of a per se violation.

The FCPA's antibribery provisions are only applicable to businesses and not individuals.

How is the theory of negligence in product liability different in common law states compared to countries that don't follow common law?

The ________ is a rule applied by courts on a case-by-case basis requiring them to consider all of the circumstances in deciding whether a restrictive practice should be prohibited as imposing an unreasonable restraint on competition in violation of Sherman Act Section 1.

A(n) ________ does not actually conduct business; rather, it functions as a foreign contact point where interested parties can obtain information about a particular firm.

An agent's authority is limited to what the parent company delegates to him or her.

A national multinational enterprise is the one in which a parent firm established in one country establishes wholly owned branches and subsidiaries in other countries.

A company's service office in a host nation would be considered a branch of the company.

Which of the following tests is used to determine whether a court has subject-matter jurisdiction in an American antitrust case?

Apart from the long arm statute, what other criteria must a claimant fulfill in order to establish personal jurisdiction requirements of U.S. products liability laws?

Discuss the importance of the separate legal identity of juridical entities in business.

Which of the following is a similarity between a national multinational enterprise and an international multinational enterprise?

________ is a per se violation, where a seller at one level sells goods to a buyer at a different level on the condition that the latter will not resell below an agreed-upon price.

Under the ________, companies carrying on business outside the United States will come within the subject-matter jurisdiction of an American court if their business activity is intended to affect U.S. commerce and is not de minimis.

Product liability laws are part of the federal laws in the United States.

Briefly describe the subordinate structures of representative office, an agent, and a branch.

A subsidiary differs from a branch in that a subsidiary ________.

How are multinational enterprises regulated by the home state?

The Robinson-Patman Act of 1936 was added to the panoply of American anti-trust law to make ________ illegal.

The rights and benefits accruing to the company belong to the company, not to its owners.