Question 1

Azurzerapi Corporation plans to start marketing products worldwide.What forms of multinational business enterprise should it consider?

Accepted Answer

It should consider the use of a wholly o

Question 2

A multinational enterprise wishing to exploit a patent may choose to sell a foreign company the right to use the property rather than entering the foreign market itself.The sale of such rights is licensing.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is true with regard to securities regulation in foreign markets?

Accepted Answer

A)  Anti-fraud provisions apply where there is conduct in the U.S. relating to a violation of the federal securities laws. 
B)  Foreign issuers who issue securities must register them in the U.S. unless an exemption is available. 
C)  No specific regulations are allowed because of the act of state of doctrine. 
D)  None of these are true. 
A)  Anti-fraud provisions apply where there is conduct in the U.S. relating to a violation of the federal securities laws. 
B)  Foreign issuers who issue securities must register them in the U.S. unless an exemption is available. 
C)  No specific regulations are allowed because of the act of state of doctrine. 
D)  None of these are true.

Question 4

NAFTA establishes a free trade area between the United States, Mexico, and Canada.

Accepted Answer

A) True 
 B)False

Question 5

Under U.S.law, the CISG supersedes the UCC whenever either could apply.

Accepted Answer

A) True 
 B)False

Question 6

Mercer, an American exporter, sells artificial stone slabs to a Japanese importer, using a documentary letter of credit.Typically in this situation, the correspondent bank will be in Japan.

Accepted Answer

A) True 
 B)False

Question 7

The U.N.Convention on Contracts for the International Sales of Goods (CISG) includes provisions relating to which of the following?

Accepted Answer

A)  Interpretation and trade usage. 
B)  Intellectual property rights. 
C)  Obligations and remedies of sellers, but not buyers. 
D)  Sharing of profits. 
A)  Interpretation and trade usage. 
B)  Intellectual property rights. 
C)  Obligations and remedies of sellers, but not buyers. 
D)  Sharing of profits.

Question 8

A specialized U.N.agency or a U.N.organ may seek an advisory opinion from the International Court of Justice, but an individual or a sovereign state may not.

Accepted Answer

A) True 
 B)False

Question 9

The United States belongs to which multinational treaty for patent protection?

Accepted Answer

A)  The Madrid Protocol. 
B)  The Paris Convention for the Protection of Industrial Property. 
C)  The Berne Convention. 
D)  The WIPO Treaty. 
A)  The Madrid Protocol. 
B)  The Paris Convention for the Protection of Industrial Property. 
C)  The Berne Convention. 
D)  The WIPO Treaty.

Question 10

NAFTA's objectives include to:

Accepted Answer

A)  create trade barriers between the U.S., Mexico, and Canada. 
B)  increase investment opportunities. 
C)  enforce real property rights. 
D)  All of these are objectives. 
A)  create trade barriers between the U.S., Mexico, and Canada. 
B)  increase investment opportunities. 
C)  enforce real property rights. 
D)  All of these are objectives.

Question 11

The __________ established the MIGA to encourage increased investment in developing nations.

Accepted Answer

A)  World Bank 
B)  Regional Trade Communities 
C)  United Nations 
D)  NAFTA 
A)  World Bank 
B)  Regional Trade Communities 
C)  United Nations 
D)  NAFTA

Question 12

Under a distributorship:

Accepted Answer

A)  the distributor, like an agent, does not take title to the merchandise it receives. 
B)  the producer bears many of the risks connected with commercial sales. 
C)  both the producer and the distributor must take special care to ensure that the arrangement does not violate the antitrust laws of their respective governments. 
D)  multinational enterprises wishing to exploit an intellectual property right sell to a foreign company the right to use such property. 
A)  the distributor, like an agent, does not take title to the merchandise it receives. 
B)  the producer bears many of the risks connected with commercial sales. 
C)  both the producer and the distributor must take special care to ensure that the arrangement does not violate the antitrust laws of their respective governments. 
D)  multinational enterprises wishing to exploit an intellectual property right sell to a foreign company the right to use such property.

Question 13

The Foreign Corrupt Practices Act of 1977 (FCPA):

Accepted Answer

A)  makes it unlawful for an American company or its agents to offer or give anything of value to a foreign official for the purpose of influencing the official's acts or decisions. 
B)  requires that American companies in foreign countries adhere to the same health and safety standards in that country as they do in the U.S. 
C)  outlaws American business from engaging in business in countries, which, as determined by the Department, have governments "repugnant to American law and social values." 
D)  None of these is correct. 
A)  makes it unlawful for an American company or its agents to offer or give anything of value to a foreign official for the purpose of influencing the official's acts or decisions. 
B)  requires that American companies in foreign countries adhere to the same health and safety standards in that country as they do in the U.S. 
C)  outlaws American business from engaging in business in countries, which, as determined by the Department, have governments "repugnant to American law and social values." 
D)  None of these is correct.

Question 14

Regional trade communities exist in Europe, North America, Central America, Africa, and Asia.

Accepted Answer

A) True 
 B)False

Question 15

The euro (€) is the single currency currently shared by nineteen of the EU's members, which collectively are known as the Eurozone.

Accepted Answer

A) True 
 B)False

Question 16

The International Organization for Standardization (ISO) issued the first-ever global standard for anti-bribery compliance programs, providing guidance for establishing, implementing, maintaining, reviewing, and improving an anti-bribery management system.

Accepted Answer

A) True 
 B)False

Question 17

A foreign company, partially owned by that foreign government, manufactures televisions in the foreign country.The cost to the company for the manufacture of the product is the equivalent of $60 in the U.S.Because of excess production, the firm exports 50,000 sets to the United States where they are sold for $75 each.If the nearest rival U.S.-made set sells for $85, the action of the foreign company:

Accepted Answer

A)  constitutes price-fixing. 
B)  violates the GAAT anti-dumping provisions. 
C)  violates the Sherman Act, because of the involvement of the foreign government in the company. 
D)  appears to be legal. 
A)  constitutes price-fixing. 
B)  violates the GAAT anti-dumping provisions. 
C)  violates the Sherman Act, because of the involvement of the foreign government in the company. 
D)  appears to be legal.

Question 18

Under the provisions of the Foreign Sovereign Immunities Act:

Accepted Answer

A)  all foreign governments are immune from suit by U.S. citizens. 
B)  U.S. citizens in U.S. courts can always sue most foreign governments. 
C)  a car used by a foreign embassy in Washington can be seized to settle a judgment against a driver. 
D)  U.S. courts may take jurisdiction in a suit against a foreign country for commercial acts by that government that have a direct effect on the United States. 
A)  all foreign governments are immune from suit by U.S. citizens. 
B)  U.S. citizens in U.S. courts can always sue most foreign governments. 
C)  a car used by a foreign embassy in Washington can be seized to settle a judgment against a driver. 
D)  U.S. courts may take jurisdiction in a suit against a foreign country for commercial acts by that government that have a direct effect on the United States.

Question 19

The Foreign Sovereign Immunities Act specifically provides that a foreign state shall be immune from neither federal nor state court jurisdiction if the suit is based on which of the following?

Accepted Answer

A)  A commercial activity conducted in the United States by the foreign state. 
B)  An act that the foreign state performed in the United States in connection with a commercial activity it carried on elsewhere. 
C)  A commercial activity performed outside U.S. borders that directly affects the U.S. 
D)  All of these. 
A)  A commercial activity conducted in the United States by the foreign state. 
B)  An act that the foreign state performed in the United States in connection with a commercial activity it carried on elsewhere. 
C)  A commercial activity performed outside U.S. borders that directly affects the U.S. 
D)  All of these.

Question 20

Discuss how an owner of intellectual property protects those rights in other countries.

Accepted Answer

U.S.laws protecting intellectual propert

Exam 46: International Business Lawpart X: Property

Azurzerapi Corporation plans to start marketing products worldwide.What forms of multinational business enterprise should it consider?

A multinational enterprise wishing to exploit a patent may choose to sell a foreign company the right to use the property rather than entering the foreign market itself.The sale of such rights is licensing.

Which of the following is true with regard to securities regulation in foreign markets?

NAFTA establishes a free trade area between the United States, Mexico, and Canada.

Under U.S.law, the CISG supersedes the UCC whenever either could apply.

Mercer, an American exporter, sells artificial stone slabs to a Japanese importer, using a documentary letter of credit.Typically in this situation, the correspondent bank will be in Japan.

The U.N.Convention on Contracts for the International Sales of Goods (CISG) includes provisions relating to which of the following?

A specialized U.N.agency or a U.N.organ may seek an advisory opinion from the International Court of Justice, but an individual or a sovereign state may not.

The United States belongs to which multinational treaty for patent protection?

NAFTA's objectives include to:

The __________ established the MIGA to encourage increased investment in developing nations.

Under a distributorship:

The Foreign Corrupt Practices Act of 1977 (FCPA):

Regional trade communities exist in Europe, North America, Central America, Africa, and Asia.

The euro (€) is the single currency currently shared by nineteen of the EU's members, which collectively are known as the Eurozone.

The International Organization for Standardization (ISO) issued the first-ever global standard for anti-bribery compliance programs, providing guidance for establishing, implementing, maintaining, reviewing, and improving an anti-bribery management system.

Under the provisions of the Foreign Sovereign Immunities Act:

The Foreign Sovereign Immunities Act specifically provides that a foreign state shall be immune from neither federal nor state court jurisdiction if the suit is based on which of the following?

Discuss how an owner of intellectual property protects those rights in other countries.

Introduction to Law

Business Ethicspart Ii: the Legal Environment of Business

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Negligence and Strict Liabilitypart Iii: Contracts

Introduction to Contracts

Mutual Assent

Conduct Invalidating Assent

Consideration

Illegal Bargains

Contractual Capacity

Contracts in Writing

Third Parties to Contracts

Performance, Breach, and Discharge

Contract Remediespart Iv: Sales

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Product Liability: Warranties and Strict Liability

Sales Remediespart V: Negotiable Instruments

Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits, Collections, and Funds Transferspart Vi: Agency

Relationship of Principal and Agent

Relationship With Third Partiespart Vii: Business Associations

Formation and Internal Relations of General Partnerships

Operation and Dissolution of General Partnerships

Limited Partnerships and Limited Liability Companies

Nature and Formation of Corporations

Financial Structure of Corporations

Management Structure of Corporations

Fundamental Changes of Corporationspart Viii: Debtor and Creditor Relations

Secured Transactions and Suretyship

Bankruptcypart Ix: Regulation of Business

Securities Regulation

Intellectual Property

Employment Law

Antitrust

Accountants Legal Liability

Consumer Protection

Introduction to Property, Property Insurance, Bailments, and Documents of Title

Interests in Real Property

Transfer and Control of Real Property

Trusts and Wills

Filters