Question 1

_____ provides the U.S.President a free hand and the power to negotiate trade deals with other governments.

Accepted Answer

A) Fast-track reciprocal authority 
B) Fast-track senate authority 
C) Fast-track business authority 
D) Fast-track trade authority 
E) Slow-track trade authority 
A) Fast-track reciprocal authority 
B) Fast-track senate authority 
C) Fast-track business authority 
D) Fast-track trade authority 
E) Slow-track trade authority

Question 2

_____ systems base the interpretation of law on prior court rulings (that is, legal precedents and customs of time).

Accepted Answer

A) Common law 
B) Code law 
C) Written law 
D) Islamic law 
E) Napoleonic law 
A) Common law 
B) Code law 
C) Written law 
D) Islamic law 
E) Napoleonic law

Question 3

Weapons that might be used as economic trade controls to protect locally produced goods against imports would be:

Accepted Answer

A) embargoes. 
B) sanctions. 
C) asset freezes. 
D) tariffs and nontariff barriers. 
E) confiscation. 
A) embargoes. 
B) sanctions. 
C) asset freezes. 
D) tariffs and nontariff barriers. 
E) confiscation.

Question 4

_____ may be defined as that body of rules or laws that is binding on states and other international persons in their mutual relations.

Accepted Answer

A) Legal systems 
B) International law (or the "law of nations") 
C) Local law 
D) Napoleonic code law 
E) Civil law 
A) Legal systems 
B) International law (or the "law of nations") 
C) Local law 
D) Napoleonic code law 
E) Civil law

Question 5

An example of a product-based trade control would be the:

Accepted Answer

A) quota. 
B) countervailing duty. 
C) export license requirement. 
D) ownership control. 
E) asset freezing. 
A) quota. 
B) countervailing duty. 
C) export license requirement. 
D) ownership control. 
E) asset freezing.

Question 6

With the growing adoption of the _____ standards by firms worldwide, an _____ certification has become an essential marketing tool for firms.

Accepted Answer

A) ISO 6000 
B) ISO 7000 
C) ISO 8000 
D) ISO 9000 
E) ISO 10000 
A) ISO 6000 
B) ISO 7000 
C) ISO 8000 
D) ISO 9000 
E) ISO 10000

Question 7

The _____ is the oldest and most comprehensive international copyright treaty.

Accepted Answer

A) Berne Convention. 
B) London Convention. 
C) Paris Convention. 
D) New York Convention. 
E) Rome Convention. 
A) Berne Convention. 
B) London Convention. 
C) Paris Convention. 
D) New York Convention. 
E) Rome Convention.

Question 8

Describe the various types of local legal systems.Describe how these differences might affect a company that wishes to conduct international business.

Accepted Answer

There are three types of local legal sys

Question 9

A country that follows common law as its primary system is:

Accepted Answer

A) France. 
B) the United States. 
C) Iraq. 
D) Egypt. 
E) Mexico. 
A) France. 
B) the United States. 
C) Iraq. 
D) Egypt. 
E) Mexico.

Question 10

The _____ Copyright Treaty is a recent development in international copyright protection established with 89 member countries in 1996.This treaty addresses copyright protection in the internet era protecting the rights of authors of literary and artistic works distributed within the digital environment.

Accepted Answer

A) WIPO 
B) WITO 
C) WIPA 
D) WIPU 
A) WIPO 
B) WITO 
C) WIPA 
D) WIPU

Question 11

_____ Institutional Revolutionary Party had controlled the country for 70 years.

Accepted Answer

A) Italy's 
B) Great Britain's 
C) India's 
D) Ireland's 
E) Mexico's 
A) Italy's 
B) Great Britain's 
C) India's 
D) Ireland's 
E) Mexico's

Question 12

Which of the following countries has very few restrictions on foreign ownership of corporations within its borders (domestic businesses)?

Accepted Answer

A) United States 
B) Russia 
C) Japan 
D) China 
E) Saudi Arabia 
A) United States 
B) Russia 
C) Japan 
D) China 
E) Saudi Arabia

Question 13

______ refers to a foreign government's takeover for the purpose of making the industry a government-run industry.

Accepted Answer

A) Expropriation 
B) Confiscation 
C) Domestication 
D) Nationalization 
E) None of the above 
A) Expropriation 
B) Confiscation 
C) Domestication 
D) Nationalization 
E) None of the above

Question 14

All of the following countries believe that most disputes can be solved outside the litigation system except:

Accepted Answer

A) Brazil. 
B) Japan. 
C) China. 
D) United States. 
E) Taiwan. 
A) Brazil. 
B) Japan. 
C) China. 
D) United States. 
E) Taiwan.

Question 15

The international treaty (convention) established in 1883 that explains international protection rights of intellectual property (such as how long one has to file for property protection in foreign countries) is called:

Accepted Answer

A) the Berne Convention. 
B) the London Convention. 
C) the Paris Convention. 
D) the New York Convention. 
E) the Rome Convention. 
A) the Berne Convention. 
B) the London Convention. 
C) the Paris Convention. 
D) the New York Convention. 
E) the Rome Convention.

Question 16

A ______ policy by a host government means that the foreign company doing business within the country's borders must gradually turn over management and operational responsibilities as well as ownership to local companies over time.

Accepted Answer

The answer of A ______ policy by a host government...

Question 17

According to the textbook, government policies drive the following economic factors except:

Accepted Answer

A) the cost of capital. 
B) level of economic growth. 
C) companies' outsourcing strategies. 
D) rates of inflation. 
E) international exchange rates. 
A) the cost of capital. 
B) level of economic growth. 
C) companies' outsourcing strategies. 
D) rates of inflation. 
E) international exchange rates.

Question 18

In the U.S., the Foreign Corrupt Practices Act (FCPA) was passed in 1990.

Accepted Answer

A) True 
 B)False

Question 19

The Coordinating Committee for Multilateral Controls (COCOM) was founded after the Cold War in the 1990s.

Accepted Answer

A) True 
 B)False

Question 20

Civil laws regulating business contracts and transactions are usually called:

Accepted Answer

A) business law. 
B) code law. 
C) confederation law. 
D) commercial law. 
E) contract law. 
A) business law. 
B) code law. 
C) confederation law. 
D) commercial law. 
E) contract law.

_____ provides the U.S.President a free hand and the power to negotiate trade deals with other governments.

_____ systems base the interpretation of law on prior court rulings (that is, legal precedents and customs of time).

Weapons that might be used as economic trade controls to protect locally produced goods against imports would be:

_____ may be defined as that body of rules or laws that is binding on states and other international persons in their mutual relations.

An example of a product-based trade control would be the:

With the growing adoption of the _ standards by firms worldwide, an _ certification has become an essential marketing tool for firms.

The _____ is the oldest and most comprehensive international copyright treaty.

Describe the various types of local legal systems.Describe how these differences might affect a company that wishes to conduct international business.

A country that follows common law as its primary system is:

_____ Institutional Revolutionary Party had controlled the country for 70 years.

Which of the following countries has very few restrictions on foreign ownership of corporations within its borders (domestic businesses)?

______ refers to a foreign government's takeover for the purpose of making the industry a government-run industry.

All of the following countries believe that most disputes can be solved outside the litigation system except:

The international treaty (convention) established in 1883 that explains international protection rights of intellectual property (such as how long one has to file for property protection in foreign countries) is called:

A ______ policy by a host government means that the foreign company doing business within the country's borders must gradually turn over management and operational responsibilities as well as ownership to local companies over time.

According to the textbook, government policies drive the following economic factors except:

In the U.S., the Foreign Corrupt Practices Act (FCPA) was passed in 1990.

The Coordinating Committee for Multilateral Controls (COCOM) was founded after the Cold War in the 1990s.

Civil laws regulating business contracts and transactions are usually called:

Globalization Imperative

Economic Environment

Financial Environment

Global Cultural Environment and Buying Behavior

Global Marketing Research

Global Segmentation and Positioning

Global Marketing Strategies

Global Market Entry Strategies

Global Product Policy Decisions I: Developing New Products for Global Markets

Global Product Policy Decisions Ii: Marketing Products and Services

Global Pricing

Global Communication Strategies

Sales Management

Global Logistics and Distribution

Export and Import Management

Planning, Organization, and Control of Global Marketing Operations

Marketing Strategies for Emerging Markets

Global Marketing and the Internet

Sustainable Marketing in the Global Marketplace

Filters

Exam 5: Political and Legal Environment

_____ provides the U.S.President a free hand and the power to negotiate trade deals with other governments.

_____ systems base the interpretation of law on prior court rulings (that is, legal precedents and customs of time).

Weapons that might be used as economic trade controls to protect locally produced goods against imports would be:

_____ may be defined as that body of rules or laws that is binding on states and other international persons in their mutual relations.

An example of a product-based trade control would be the:

With the growing adoption of the _____ standards by firms worldwide, an _____ certification has become an essential marketing tool for firms.

The _____ is the oldest and most comprehensive international copyright treaty.

Describe the various types of local legal systems.Describe how these differences might affect a company that wishes to conduct international business.

A country that follows common law as its primary system is:

_____ Institutional Revolutionary Party had controlled the country for 70 years.

Which of the following countries has very few restrictions on foreign ownership of corporations within its borders (domestic businesses)?

______ refers to a foreign government's takeover for the purpose of making the industry a government-run industry.

All of the following countries believe that most disputes can be solved outside the litigation system except:

The international treaty (convention) established in 1883 that explains international protection rights of intellectual property (such as how long one has to file for property protection in foreign countries) is called:

A ______ policy by a host government means that the foreign company doing business within the country's borders must gradually turn over management and operational responsibilities as well as ownership to local companies over time.

According to the textbook, government policies drive the following economic factors except:

In the U.S., the Foreign Corrupt Practices Act (FCPA) was passed in 1990.

The Coordinating Committee for Multilateral Controls (COCOM) was founded after the Cold War in the 1990s.

Civil laws regulating business contracts and transactions are usually called:

Globalization Imperative

Economic Environment

Financial Environment

Global Cultural Environment and Buying Behavior

Global Marketing Research

Global Segmentation and Positioning

Global Marketing Strategies

Global Market Entry Strategies

Global Product Policy Decisions I: Developing New Products for Global Markets

Global Product Policy Decisions Ii: Marketing Products and Services

Global Pricing

Global Communication Strategies

Sales Management

Global Logistics and Distribution

Export and Import Management

Planning, Organization, and Control of Global Marketing Operations

Marketing Strategies for Emerging Markets

Global Marketing and the Internet

Sustainable Marketing in the Global Marketplace

Filters

With the growing adoption of the _ standards by firms worldwide, an _ certification has become an essential marketing tool for firms.