Exam 25: International Business

How does a business manager determine whether or not to go international? Discuss the economic,political,legal,geographic and cultural factors involved.What are the alternative methods for international investment? Discuss fully.

Free

(Essay)

4.9/5

(72)

Question 1

Correct Answer:

Verified

Students should identify potential problems involved in international business including legal and cultural matters.Alternative methods of international investment include liaisons,representatives,branch offices,and subsidiaries.

U.S.trade laws are enacted by the Congress pursuant to the treaty power of the U.S.Constitution.

Free

(True/False)

4.9/5

(91)

Question 2

Correct Answer:

Verified

False

Explain the legal issues involved in international sales contracts.How do the rules of conflict of laws,choice of forum,and arbitration address these issues? Discuss fully.

Free

(Essay)

4.9/5

(61)

Question 3

Correct Answer:

Verified

Students should potential problems involved with international sales contracts including differing laws and legal systems.Including choice of law and choice of forum clauses may enable the parties to set the legal principles that will be applied as well as the jurisdiction in which the dispute will be heard.Arbitration is a means by which parties may arrange to have a dispute heard outside the court system.

What is the commercial activity exception to the Foreign Sovereign Immunities Act?

(Essay)

4.7/5

(86)

Question 4

The principle of equity is unique to civil law legal systems.

(True/False)

4.8/5

(83)

Question 5

________ law legal systems primarily rely on case law and precedents.

(Multiple Choice)

5.0/5

(84)

Question 6

A contract dispute which is heard by a court without reference to a prior arbitration is known as a(n)________ review.

(Multiple Choice)

4.9/5

(79)

Question 7

Under the principle of ________,a court will enforce another country's judgments under certain conditions.

(Multiple Choice)

4.9/5

(85)

Question 8

Amanda was just hired to work for a federal agency in the procurement department.Amanda shops for the best buy possible and thinks she has found a great deal.She returns to her office and tells her supervisor about her discovery.Her boss tells her to be sure that the Buy American Act is satisfied.Amanda decides to research the law.What will she find?

(Multiple Choice)

4.9/5

(79)

Question 9

Explain documentary letters of credit.Include in this discussion the relevant terms that apply to each step of the process.

(Essay)

4.7/5

(77)

Question 10

The European Commission is the ________ of the European Union.

(Multiple Choice)

4.7/5

(77)

Question 11

The antidumping law is the most frequently used U.S.import-relief law.

(True/False)

4.8/5

(66)

Question 12

Some countries require employers to fund employee benefits that are not expected in the U.S.

(True/False)

4.8/5

(84)

Question 13

When internationally accepted arbitration rules are used in conjunction with the parties' own methods of selecting an arbitration panel,it is known as a(n)________ arbitration.

(Multiple Choice)

4.9/5

(77)

Question 14

In a series of laws,known collectively as the ________ laws,Congress has authorized the President to raise U.S.tariffs on specified products and to provide other forms of import protection to U.S.businesses.

(Multiple Choice)

4.8/5

(80)

Question 15

________ is the principal U.S.statute addressing unfair foreign practices affecting U.S.exports of goods or services.

(Multiple Choice)

4.7/5

(78)

Question 16

Countries are prohibited by international law from regulating the percentage of foreign ownership of businesses that are incorporated within their borders.

(True/False)

4.9/5

(80)

Question 17

Allison,a dress designer,believes that she has a great deal with a company in Ireland,called Fashion,which has agreed to purchase a number of her dresses.The manager of Fashion,however,insists on delivery of the dresses before payment will be provided.Which of the following would be a good idea for Allison?

(Multiple Choice)

4.9/5

(88)

Question 18

________ tariffs require the importer to pay a percentage of the value of the imported merchandise.

(Multiple Choice)

4.9/5

(78)

Question 19

The Seventh Amendment to the U.S.Constitution guarantees the right to a jury trial in

(Multiple Choice)

4.8/5

(68)

Question 20

Showing 1 - 20 of 61

Exam 25: International Business

How does a business manager determine whether or not to go international? Discuss the economic,political,legal,geographic and cultural factors involved.What are the alternative methods for international investment? Discuss fully.

U.S.trade laws are enacted by the Congress pursuant to the treaty power of the U.S.Constitution.

Explain the legal issues involved in international sales contracts.How do the rules of conflict of laws,choice of forum,and arbitration address these issues? Discuss fully.

What is the commercial activity exception to the Foreign Sovereign Immunities Act?

The principle of equity is unique to civil law legal systems.

________ law legal systems primarily rely on case law and precedents.

A contract dispute which is heard by a court without reference to a prior arbitration is known as a(n)________ review.

Under the principle of ________,a court will enforce another country's judgments under certain conditions.

Explain documentary letters of credit.Include in this discussion the relevant terms that apply to each step of the process.

The European Commission is the ________ of the European Union.

The antidumping law is the most frequently used U.S.import-relief law.

Some countries require employers to fund employee benefits that are not expected in the U.S.

When internationally accepted arbitration rules are used in conjunction with the parties' own methods of selecting an arbitration panel,it is known as a(n)________ arbitration.

In a series of laws,known collectively as the ________ laws,Congress has authorized the President to raise U.S.tariffs on specified products and to provide other forms of import protection to U.S.businesses.

________ is the principal U.S.statute addressing unfair foreign practices affecting U.S.exports of goods or services.

Countries are prohibited by international law from regulating the percentage of foreign ownership of businesses that are incorporated within their borders.

________ tariffs require the importer to pay a percentage of the value of the imported merchandise.

The Seventh Amendment to the U.S.Constitution guarantees the right to a jury trial in

law, value creation, and risk management

Ethics ant the law

Courts, sources of law, and dispute resolution

Constitutional bases for business regulation

Agency

Administrative Law

Contracts

sales, licensing, and e-commerce

Torts and Privacy protection

product liability

Intellectual property

The employment agreement

civil rights and employment discrimination

executive compensation and employee benefits

Criminal law

Environmental law

Antitrust

Consumer Protection

real property and land use

Forms of business organizations

Directors, Officers, and Controlling Shareholders

Public and Private Offerings of Securities

Securities Fraud and insider trading

Debtor-Creditor Relations and Bankruptcy

Filters