Question 1

Identify a domestic franchise.Craft a franchising agreement that addresses standards/quality or service (in the manner of McDonald's).

Accepted Answer

A domestic franchise that could be used

Question 2

Why do the risks to the firm increase as the penetration of the foreign market increases?

Accepted Answer

As a firm increases its penetration into

Question 3

Devise "managerial guidelines" or "Troubleshooter's Guide" to which a U.S.franchise representative should refer in supervising or consulting with a new,foreign franchisee.

Accepted Answer

Managerial Guidelines for Supervising or

Question 4

Weigh the relative benefits and risks of a medium-sized American firm licensing technology to a developed nation? A developing nation?

Accepted Answer

Weighing the relative benefits and risks

Question 5

Compare and contrast the benefits and risks of direct and indirect exporting.

Accepted Answer

Direct and indirect exporting both have

Question 6

In Dayan v.McDonald's Corporation,the court ruled that:

Accepted Answer

A)  McDonald's quality standards were inadequate under French law. 
B)  the McDonald's franchise contract was illegal under French law. 
C)  McDonald's had fulfilled its responsibility to the franchisee in France under U.S. law. 
D)  the French do not like hamburgers. 
A)  McDonald's quality standards were inadequate under French law. 
B)  the McDonald's franchise contract was illegal under French law. 
C)  McDonald's had fulfilled its responsibility to the franchisee in France under U.S. law. 
D)  the French do not like hamburgers.

Question 7

The process of buying goods from a foreign supplier and entering them into the customs territory of a different country is:

Accepted Answer

A)  exporting. 
B)  international exchange. 
C)  trade by design. 
D)  none of these are correct. 
A)  exporting. 
B)  international exchange. 
C)  trade by design. 
D)  none of these are correct.

Question 8

How do you feel doing business in the Middle East would differ from doing business elsewhere? What special factors (e.g.religious differences,cultural variables,Arab-Israeli relations)bear on your answer?

Accepted Answer

Doing business in the Middle East would

Question 9

Intellectual property rights are valuable assets that can be licensed to a foreign licensee as a means to penetrate a foreign market rather than establish a wholly owned subsidiary.

Accepted Answer

A) True 
 B)False

Question 10

In the case In re Union Carbide Corporation Gas Plant Disaster at Bhopal,the U.S.court ruled:

Accepted Answer

A)  that Union Carbide was criminally responsible for the deaths at the Indian plant. 
B)  that Union Carbide was liable to the plaintiffs under Indian law. 
C)  that Union Carbide was not responsible for the negligent acts of its subsidiary in India. 
D)  that the case brought in U.S. courts should be transferred to the courts of India. 
A)  that Union Carbide was criminally responsible for the deaths at the Indian plant. 
B)  that Union Carbide was liable to the plaintiffs under Indian law. 
C)  that Union Carbide was not responsible for the negligent acts of its subsidiary in India. 
D)  that the case brought in U.S. courts should be transferred to the courts of India.

Question 11

The World Intellectual Property Organization defines intellectual property rights as "legal rights which result from intellectual activity in the industrial,scientific,literary,and artistic fields."

Accepted Answer

A) True 
 B)False

Question 12

Trade consists of the import and export of goods or services.

Accepted Answer

A) True 
 B)False

Question 13

The World Intellectual Property Organization,or WIPO,is a specialized agency of the:

Accepted Answer

A)  United Nations. 
B)  World Trade Organization. 
C)  World Customs Organization. 
D)  International Chamber of Commerce. 
A)  United Nations. 
B)  World Trade Organization. 
C)  World Customs Organization. 
D)  International Chamber of Commerce.

Question 14

If a party does not fulfill their obligations as set forth in a sales contract,it is known as:

Accepted Answer

A)  non-payment. 
B)  termination. 
C)  non-performance. 
D)  all of these are correct. 
A)  non-payment. 
B)  termination. 
C)  non-performance. 
D)  all of these are correct.

Question 15

Two examples of non-tariff barriers that refer to quantitative restrictions on importing and a total or near total ban on trade respectively are:

Accepted Answer

A)  partial embargoes, embargoes. 
B)  trade seizures, limits. 
C)  embargoes, quotas. 
D)  quotas, embargoes. 
A)  partial embargoes, embargoes. 
B)  trade seizures, limits. 
C)  embargoes, quotas. 
D)  quotas, embargoes.

Question 16

The three forms of international business are exporting,importing,and licensing.

Accepted Answer

A) True 
 B)False

Question 17

International licensing agreements pertain to forms of intellectual property such as:

Accepted Answer

A)  government property. 
B)  trademarks, copyrights, patents. 
C)  real estate, personal property. 
D)  contracts. 
A)  government property. 
B)  trademarks, copyrights, patents. 
C)  real estate, personal property. 
D)  contracts.

Identify a domestic franchise.Craft a franchising agreement that addresses standards/quality or service (in the manner of McDonald's).

Why do the risks to the firm increase as the penetration of the foreign market increases?

Devise "managerial guidelines" or "Troubleshooter's Guide" to which a U.S.franchise representative should refer in supervising or consulting with a new,foreign franchisee.

Weigh the relative benefits and risks of a medium-sized American firm licensing technology to a developed nation? A developing nation?

Compare and contrast the benefits and risks of direct and indirect exporting.

In Dayan v.McDonald's Corporation,the court ruled that:

The process of buying goods from a foreign supplier and entering them into the customs territory of a different country is:

How do you feel doing business in the Middle East would differ from doing business elsewhere? What special factors (e.g.religious differences,cultural variables,Arab-Israeli relations)bear on your answer?

Intellectual property rights are valuable assets that can be licensed to a foreign licensee as a means to penetrate a foreign market rather than establish a wholly owned subsidiary.

In the case In re Union Carbide Corporation Gas Plant Disaster at Bhopal,the U.S.court ruled:

The World Intellectual Property Organization defines intellectual property rights as "legal rights which result from intellectual activity in the industrial,scientific,literary,and artistic fields."

Trade consists of the import and export of goods or services.

The World Intellectual Property Organization,or WIPO,is a specialized agency of the:

If a party does not fulfill their obligations as set forth in a sales contract,it is known as:

Two examples of non-tariff barriers that refer to quantitative restrictions on importing and a total or near total ban on trade respectively are:

The three forms of international business are exporting,importing,and licensing.

International licensing agreements pertain to forms of intellectual property such as:

International Law and the World's Legal Systems

Resolving International Commercial Disputes

The Formation and Performance of Contracts for the Sale of Goods

The Documentary Sale and Terms of Trade

Legal Issues in International Transportation

Bank Collections and Letters of Credit

National Lawmaking Powers and the Regulation of U.S.Trade

The World Trade Organization: Basic Legal Principles

Laws Governing Access to Foreign Markets

Regulating Import Competition and Unfair Trade

Imports,Customs,and Tariff Law

Export Controls and Sanctions

North American Free Trade Law

The European Union

Marketing: Representatives,Advertising,and Anti-Corruption

Protection and Licensing of Intellectual Property

The Legal Environment of Foreign Direct Investment

Labor and Employment Discrimination Law

Environmental Law

Regulating the Competitive Environment

Filters

Exam 1: Introduction to International Business

Identify a domestic franchise.Craft a franchising agreement that addresses standards/quality or service (in the manner of McDonald's).

Why do the risks to the firm increase as the penetration of the foreign market increases?

Devise "managerial guidelines" or "Troubleshooter's Guide" to which a U.S.franchise representative should refer in supervising or consulting with a new,foreign franchisee.

Weigh the relative benefits and risks of a medium-sized American firm licensing technology to a developed nation? A developing nation?

Compare and contrast the benefits and risks of direct and indirect exporting.

In Dayan v.McDonald's Corporation,the court ruled that:

The process of buying goods from a foreign supplier and entering them into the customs territory of a different country is:

How do you feel doing business in the Middle East would differ from doing business elsewhere? What special factors (e.g.religious differences,cultural variables,Arab-Israeli relations)bear on your answer?

Intellectual property rights are valuable assets that can be licensed to a foreign licensee as a means to penetrate a foreign market rather than establish a wholly owned subsidiary.

In the case In re Union Carbide Corporation Gas Plant Disaster at Bhopal,the U.S.court ruled:

The World Intellectual Property Organization defines intellectual property rights as "legal rights which result from intellectual activity in the industrial,scientific,literary,and artistic fields."

Trade consists of the import and export of goods or services.

The World Intellectual Property Organization,or WIPO,is a specialized agency of the:

If a party does not fulfill their obligations as set forth in a sales contract,it is known as:

Two examples of non-tariff barriers that refer to quantitative restrictions on importing and a total or near total ban on trade respectively are:

The three forms of international business are exporting,importing,and licensing.

International licensing agreements pertain to forms of intellectual property such as:

International Law and the World's Legal Systems

Resolving International Commercial Disputes

The Formation and Performance of Contracts for the Sale of Goods

The Documentary Sale and Terms of Trade

Legal Issues in International Transportation

Bank Collections and Letters of Credit

National Lawmaking Powers and the Regulation of U.S.Trade

The World Trade Organization: Basic Legal Principles

Laws Governing Access to Foreign Markets

Regulating Import Competition and Unfair Trade

Imports,Customs,and Tariff Law

Export Controls and Sanctions

North American Free Trade Law

The European Union

Marketing: Representatives,Advertising,and Anti-Corruption

Protection and Licensing of Intellectual Property

The Legal Environment of Foreign Direct Investment

Labor and Employment Discrimination Law

Environmental Law

Regulating the Competitive Environment

Filters