Question 1

Under EC Directive 86/653,an evergreen contract occurs when the agency relationship has:

Accepted Answer

A)  lasted for three or more years. 
B)  been continued beyond the original fixed term with no formal renewal. 
C)  been terminated by giving a three-month written notice. 
D)  all of these are correct. 
A)  lasted for three or more years. 
B)  been continued beyond the original fixed term with no formal renewal. 
C)  been terminated by giving a three-month written notice. 
D)  all of these are correct.

Question 2

The FCPA requires that individuals and corporations meet disclosure requirements for all monies sent abroad as payment for fees owed to their sales agent.

Accepted Answer

A) True 
 B)False

Question 3

The FCPA was passed in the United States in the 1970s largely because:

Accepted Answer

A)  the law was based on a draft law written by the United Nations. 
B)  U.S. public opinion and world disdain over disclosures of hundreds of unethical payments to foreign officials by U.S. firms. 
C)  an attempt by the U.S. Congress to provide a more predictable and easily understood law for U.S. firms operating abroad. 
D)  the law was requested by many U.S. corporations in order to allow them to compete more effectively in foreign markets. 
A)  the law was based on a draft law written by the United Nations. 
B)  U.S. public opinion and world disdain over disclosures of hundreds of unethical payments to foreign officials by U.S. firms. 
C)  an attempt by the U.S. Congress to provide a more predictable and easily understood law for U.S. firms operating abroad. 
D)  the law was requested by many U.S. corporations in order to allow them to compete more effectively in foreign markets.

Question 4

Some countries have enacted "language laws" in advertising in order to:

Accepted Answer

A)  preserve the purity of the country's primary language. 
B)  require advertisers to be clear and honest about their products. 
C)  protect children from inappropriate language. 
D)  all of these are correct. 
A)  preserve the purity of the country's primary language. 
B)  require advertisers to be clear and honest about their products. 
C)  protect children from inappropriate language. 
D)  all of these are correct.

Question 5

Under the EU's directive on agency relationships,whenever a principal makes a sale in a territory or a market sector reserved for the agent,the principal must pay the agent a commission,whether or not the agent actually participated in the sale,no matter what the agency agreement provides.This is known as a(n):

Accepted Answer

A)  economic condition alarm. 
B)  economic commission. 
C)  commission override. 
D)  permanent commission. 
A)  economic condition alarm. 
B)  economic commission. 
C)  commission override. 
D)  permanent commission.

Question 6

Which of the following statements about dependent agents is true?

Accepted Answer

A)  The office in which the dependent agent is unimportant and is not subject to the host country's tax laws. 
B)  A dependent agent is considered an employee for purposes of the host country's labor laws. 
C)  A principal is not liable to third parties for a dependent agent's misdeeds. 
D)  All of these are correct. 
A)  The office in which the dependent agent is unimportant and is not subject to the host country's tax laws. 
B)  A dependent agent is considered an employee for purposes of the host country's labor laws. 
C)  A principal is not liable to third parties for a dependent agent's misdeeds. 
D)  All of these are correct.

Under EC Directive 86/653,an evergreen contract occurs when the agency relationship has:

The FCPA requires that individuals and corporations meet disclosure requirements for all monies sent abroad as payment for fees owed to their sales agent.

The FCPA was passed in the United States in the 1970s largely because:

Some countries have enacted "language laws" in advertising in order to:

Which of the following statements about dependent agents is true?

Introduction to International Business

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

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 16: Marketing: Representatives,Advertising,and Anti-Corruption

Under EC Directive 86/653,an evergreen contract occurs when the agency relationship has:

The FCPA requires that individuals and corporations meet disclosure requirements for all monies sent abroad as payment for fees owed to their sales agent.

The FCPA was passed in the United States in the 1970s largely because:

Some countries have enacted "language laws" in advertising in order to:

Which of the following statements about dependent agents is true?

Introduction to International Business

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

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