Exam 5: The Political,legal,and Regulatory Environments

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Germany has accused the United States of promoting a legal system so complex that it requires legions of lawyers to interpret it.The U.S.response: German system is outdated.

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If an American businessperson pays a Russian customs agent a $20 cash "processing fee" to avoid delay in leaving Russia,the businessperson has violated the Foreign Corrupt Practices Act (FCPA).

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Under the Alternative Fines Act,fines imposed on individuals can be paid by their employer or principal.

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Any Western country doing business in Malaysia or the Middle East should have an understanding of:

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When a company invents a product or service,it should have a right to defend its creativity with intellectual patents.However,there are some countries like Italy and China where piracy and copyright violations are common.How can a corporation prevent this by having some built-in measures in products and services?

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When companies operate abroad in the absence of home-country legal constraints,the best choice for ethical conduct would be:

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Consten,a French company,had exclusive rights to import and distribute German Grundig's electronic products into France.One of the competitors started bringing "parallel imports" into France illegally,importing Grundig products bought from a foreign supplier.Which of the following does not represent an action taken by different legal bodies?

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In Europe,individual EU countries gave up the right to have their own currencies,ceded the right to set their own product standards,and have made other sacrifices in exchange for improved market access.

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If a foreign company is taken over by the host country government,and some form of compensation is paid,"expropriation" has occurred.

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A key issue is global patent protection for software.Although copyright law protects the computer code,it does not apply to the idea embodied in the software.

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Islamic law is a comprehensive code based in part on:

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