Question 1

Formal agreements among nations or firsts that set down rules and obligations to govern their mutual relationships are called:

Accepted Answer

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

Question 2

What are the two primary types of trade controls? Give a description and an example of each major type.

Accepted Answer

Trade controls can be either economic or

Question 3

The _____ (based in Geneva, Switzerland) has instituted a set of process standards that has been subscribed to by the European Union.

Accepted Answer

A) International Organization for Standards 
B) International Production Standards Organization 
C) Quality Council 
D) Deming Committee 
E) Baldridge Foundation 
A) International Organization for Standards 
B) International Production Standards Organization 
C) Quality Council 
D) Deming Committee 
E) Baldridge Foundation

Question 4

The U.S.antitrust laws were originally and primarily aimed at domestic monopolies.

Accepted Answer

A) True 
 B)False

Question 5

The Patent Law Treaty (PLT) was adopted in Frankfurt in June 2000.

Accepted Answer

A) True 
 B)False

Question 6

The legal system that holds that law was established by God and a "natural law" embodies all justice is represented by:

Accepted Answer

A) Common law. 
B) Code (written) law. 
C) Islamic law. 
D) Germanic Confederation law. 
E) Napoleonic law. 
A) Common law. 
B) Code (written) law. 
C) Islamic law. 
D) Germanic Confederation law. 
E) Napoleonic law.

Question 7

Under strict socialism, the government owns and manages all businesses and no private ownership is allowed.

Accepted Answer

A) True 
 B)False

Question 8

In the United States, the _______ (DMCA) bans any efforts to bypass software that protects copyrighted digital files.

Accepted Answer

A) Digital Millennials Copyright Act 
B) Digital Millennium Copyright Act 
C) Digital Mediums Copyright Act 
D) Digital Millennium Copyright Agency 
A) Digital Millennials Copyright Act 
B) Digital Millennium Copyright Act 
C) Digital Mediums Copyright Act 
D) Digital Millennium Copyright Agency

Question 9

When marketing executives do business across national boundaries, where do they primarily face regulations and laws?

Accepted Answer

A) at home. 
B) in the foreign country. 
C) both at home and in the foreign country. 
D) at the World Court in the Hague. 
E) at the United Nations (which controls the oversight of international business). 
A) at home. 
B) in the foreign country. 
C) both at home and in the foreign country. 
D) at the World Court in the Hague. 
E) at the United Nations (which controls the oversight of international business).

Question 10

The ______ strengthened the U.S.antitrust arsenal by prohibiting trade practices that were not covered in previous legislation.It outlawed exclusive dealing and price discrimination.

Accepted Answer

A) Sherman Act 
B) Clayton Act 
C) Federal Trade Commission Act 
D) Foreign Corrupt Practices Act 
E) Export Trading Company Act 
A) Sherman Act 
B) Clayton Act 
C) Federal Trade Commission Act 
D) Foreign Corrupt Practices Act 
E) Export Trading Company Act

Question 11

The ______ of 1977 was designed to prohibit the payment of any money or anything of value to foreign officials, foreign political parties, or any candidate for foreign political office for purposes of obtaining, retaining, or directing business.

Accepted Answer

A) Foreign Illegal Practices Act 
B) Foreign Corruption Issues Act 
C) Foreign Corruption Law Act 
D) Foreign Bribery Practices Act 
E) Foreign Corrupt Practices Act 
A) Foreign Illegal Practices Act 
B) Foreign Corruption Issues Act 
C) Foreign Corruption Law Act 
D) Foreign Bribery Practices Act 
E) Foreign Corrupt Practices Act

Question 12

Embargoes and sanctions are _____ political trade controls.

Accepted Answer

A) locally-based 
B) regionally-based 
C) country-based 
D) company-based 
E) party-based 
A) locally-based 
B) regionally-based 
C) country-based 
D) company-based 
E) party-based

Question 13

Export license requirements are supply-based trade controls.

Accepted Answer

A) True 
 B)False

Question 14

_____ systems rely on statutes and codes for the interpretation of the law.There is very little interpretation in this form of law.

Accepted Answer

A) Common law 
B) Code (written) law 
C) United Nation's law 
D) Germanic Confederation law 
E) Spanish Constitutional law 
A) Common law 
B) Code (written) law 
C) United Nation's law 
D) Germanic Confederation law 
E) Spanish Constitutional law

Question 15

List and briefly characterize the three main reasons why governments often want to block or restrict trade.

Accepted Answer

a.National security--in this case, the g

Question 16

The US has which of the following systems?

Accepted Answer

A) single-party 
B) dual-party 
C) multiple-party 
D) bi-cameral system 
E) communist 
A) single-party 
B) dual-party 
C) multiple-party 
D) bi-cameral system 
E) communist

Question 17

Another name for domestication is ______.

Accepted Answer

A) repatriation policy 
B) phase-out policy 
C) phase-in policy 
D) upward-bound policy 
E) equity policy 
A) repatriation policy 
B) phase-out policy 
C) phase-in policy 
D) upward-bound policy 
E) equity policy

Question 18

Business managers view _____ as a market-driven approach to environmental protection.

Accepted Answer

A) ISO 10000 
B) ISO 11000 
C) ISO 12000 
D) ISO 14000 
E) ISO 15000 
A) ISO 10000 
B) ISO 11000 
C) ISO 12000 
D) ISO 14000 
E) ISO 15000

Question 19

The _____ antitrust laws are applied not only to _____ -member country companies but also to foreign companies as long as their corporate action has antitrust implications within the _____ community.

Accepted Answer

A) MERCOSUR. 
B) European Union (EU). 
C) European Free Trade Association (EFT
A) . 
D) NAFTA 
E) None of the above. 
A) MERCOSUR. 
B) European Union (EU). 
C) European Free Trade Association (EFT
A) . 
D) NAFTA 
E) None of the above.

Question 20

The ultimate government involvement in trade is when the government:

Accepted Answer

A) gives tax breaks to businesses. 
B) itself is the customer. 
C) prevents competition. 
D) controls the foreign competition with tariffs. 
E) allows domestic businesses to bribe in foreign countries so they can remain competitive. 
A) gives tax breaks to businesses. 
B) itself is the customer. 
C) prevents competition. 
D) controls the foreign competition with tariffs. 
E) allows domestic businesses to bribe in foreign countries so they can remain competitive.

Formal agreements among nations or firsts that set down rules and obligations to govern their mutual relationships are called:

What are the two primary types of trade controls? Give a description and an example of each major type.

The _____ (based in Geneva, Switzerland) has instituted a set of process standards that has been subscribed to by the European Union.

The U.S.antitrust laws were originally and primarily aimed at domestic monopolies.

The Patent Law Treaty (PLT) was adopted in Frankfurt in June 2000.

The legal system that holds that law was established by God and a "natural law" embodies all justice is represented by:

Under strict socialism, the government owns and manages all businesses and no private ownership is allowed.

In the United States, the _______ (DMCA) bans any efforts to bypass software that protects copyrighted digital files.

When marketing executives do business across national boundaries, where do they primarily face regulations and laws?

The ______ strengthened the U.S.antitrust arsenal by prohibiting trade practices that were not covered in previous legislation.It outlawed exclusive dealing and price discrimination.

The ______ of 1977 was designed to prohibit the payment of any money or anything of value to foreign officials, foreign political parties, or any candidate for foreign political office for purposes of obtaining, retaining, or directing business.

Embargoes and sanctions are _____ political trade controls.

Export license requirements are supply-based trade controls.

_____ systems rely on statutes and codes for the interpretation of the law.There is very little interpretation in this form of law.

List and briefly characterize the three main reasons why governments often want to block or restrict trade.

The US has which of the following systems?

Another name for domestication is ______.

Business managers view _____ as a market-driven approach to environmental protection.

The ___ antitrust laws are applied not only to _ -member country companies but also to foreign companies as long as their corporate action has antitrust implications within the ___ community.

The ultimate government involvement in trade is when the government:

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

Formal agreements among nations or firsts that set down rules and obligations to govern their mutual relationships are called:

What are the two primary types of trade controls? Give a description and an example of each major type.

The _____ (based in Geneva, Switzerland) has instituted a set of process standards that has been subscribed to by the European Union.

The U.S.antitrust laws were originally and primarily aimed at domestic monopolies.

The Patent Law Treaty (PLT) was adopted in Frankfurt in June 2000.

The legal system that holds that law was established by God and a "natural law" embodies all justice is represented by:

Under strict socialism, the government owns and manages all businesses and no private ownership is allowed.

In the United States, the _______ (DMCA) bans any efforts to bypass software that protects copyrighted digital files.

When marketing executives do business across national boundaries, where do they primarily face regulations and laws?

The ______ strengthened the U.S.antitrust arsenal by prohibiting trade practices that were not covered in previous legislation.It outlawed exclusive dealing and price discrimination.

The ______ of 1977 was designed to prohibit the payment of any money or anything of value to foreign officials, foreign political parties, or any candidate for foreign political office for purposes of obtaining, retaining, or directing business.

Embargoes and sanctions are _____ political trade controls.

Export license requirements are supply-based trade controls.

_____ systems rely on statutes and codes for the interpretation of the law.There is very little interpretation in this form of law.

List and briefly characterize the three main reasons why governments often want to block or restrict trade.

The US has which of the following systems?

Another name for domestication is ______.

Business managers view _____ as a market-driven approach to environmental protection.

The _____ antitrust laws are applied not only to _____ -member country companies but also to foreign companies as long as their corporate action has antitrust implications within the _____ community.

The ultimate government involvement in trade is when the government:

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

The ___ antitrust laws are applied not only to _ -member country companies but also to foreign companies as long as their corporate action has antitrust implications within the ___ community.