Question 1

What type of international disputes would be taken before the International Court of Justice?

Accepted Answer

A) disputes between two nations 
B) disputes between two companies 
C) disputes between a company and a nation 
D) disputes between a citizen of one country and a company from a different country 
E) disputes between profit and non-profit organizations 
A) disputes between two nations 
B) disputes between two companies 
C) disputes between a company and a nation 
D) disputes between a citizen of one country and a company from a different country 
E) disputes between profit and non-profit organizations A

Question 2

OPEC can be considered as a "cartel" which is a group of separate companies that collectively:

Accepted Answer

A) sets prices, controls output, or takes other actions to maximize profits. 
B) dictates how other countries should use their products. 
C) produces more products in order to beat the competition. 
D) conducts activities that are considered illegal in United States. 
E) works on forming a union against management of other companies. 
A) sets prices, controls output, or takes other actions to maximize profits. 
B) dictates how other countries should use their products. 
C) produces more products in order to beat the competition. 
D) conducts activities that are considered illegal in United States. 
E) works on forming a union against management of other companies. A

Question 3

For years, Coca-Cola corporation did not enter India since the government wanted some kind of disclosure of their trade secrets.Why are the trade secrets so important, and what happens if a licensee or a government gains access to the licensor's trade secret?

Accepted Answer

Trade secrets, like the formula of Coke, are confidential information or knowledge that has commercial value and is not in the public or government domain.Careful steps have to be taken by those who have access to these trade secrets.Trade secrets include manufacturing processes, formulas, designs, and customer lists.To prevent disclosure, the licensing of unpatented trade secrets should be linked to a confidentiality contract with everyone who has access to the protected information.In the United States, trade secrets are protected by state law rather than federal statute.The U.S.law provides trade secret liability against third parties that obtain confidential information through an intermediary.Remedies include damages and other forms of relief.

Question 4

India, Pakistan, Malaysia, Korea, and Japan have common-law jurisdictions.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

The Uniform Commercial Code (UCC)is fully adopted by all U.S.states except:

Accepted Answer

A) Virginia. 
B) North Dakota. 
C) Wisconsin. 
D) Louisiana. 
E) Montana. 
A) Virginia. 
B) North Dakota. 
C) Wisconsin. 
D) Louisiana. 
E) Montana.

Question 7

Nationalization, expropriation, and confiscation are approved by international law as a legitimate exercise of government power as long as the act satisfies a "public purpose."

Accepted Answer

A) True 
 B)False

Question 8

Japan has recently promised to speed up patent examinations, eliminate challenges to patent submissions, and allow patent applications to be filed in English.

Accepted Answer

A) True 
 B)False

Question 9

Located in The Hague, the International Court of Justice (ICJ)is the judicial arm of the:

Accepted Answer

A) United States. 
B) European Union. 
C) United Nations. 
D) Netherlands. 
E) United Kingdom. 
A) United States. 
B) European Union. 
C) United Nations. 
D) Netherlands. 
E) United Kingdom.

Question 10

The United Nations Conference on International Trade Law (UNCITRAL)has also been a significant force in the area of arbitration.

Accepted Answer

A) True 
 B)False

Question 11

In emerging countries, journalists may themselves become targets if they criticize the rich or powerful.

Accepted Answer

A) True 
 B)False

Question 12

Licensing is a potentially dangerous action: It may be instrumental in creating a competitor.

Accepted Answer

A) True 
 B)False

Question 13

The political maneuverings of the Russian government create a high level of political risk.

Accepted Answer

A) True 
 B)False

Question 14

A "civil-law country" is one in which the legal system reflects the structural concepts and principles of the Roman Empire in the sixth century.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is true of the arbitration framework created by the New York Convention?

Accepted Answer

A) Signatory countries can require parties to an arbitration agreement to actually use arbitration. 
B) Signatory countries recognize and can enforce arbitration judgments. 
C) There are limited grounds for appealing arbitration decisions. 
D) The grounds that are recognized are different than the typical appeals that are permitted in a court of law. 
E) all of the above 
A) Signatory countries can require parties to an arbitration agreement to actually use arbitration. 
B) Signatory countries recognize and can enforce arbitration judgments. 
C) There are limited grounds for appealing arbitration decisions. 
D) The grounds that are recognized are different than the typical appeals that are permitted in a court of law. 
E) all of the above

Question 16

Louisiana is the only state that has not fully adopted the Uniform Commercial Code (UCC)since its laws are heavily influenced by the French civil code.

Accepted Answer

A) True 
 B)False

Question 17

Many governments in developing countries exercise control over their nations' economic development by passing protectionist laws and regulations.

Accepted Answer

A) True 
 B)False

Question 18

The U.S.Justice Department objected to a recent patent license agreement between S.C.Johnson & Sons and Bayer AG.The antitrust unit at the Justice department objected to:

Accepted Answer

A) the duration of the license. 
B) the amount of royalties Johnson agreed to pay. 
C) Bayer's attempts to circumvent FDA policies. 
D) the exclusive nature of the license agreement. 
E) the hostile arrangement between Bayer and Johnson. 
A) the duration of the license. 
B) the amount of royalties Johnson agreed to pay. 
C) Bayer's attempts to circumvent FDA policies. 
D) the exclusive nature of the license agreement. 
E) the hostile arrangement between Bayer and Johnson.

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

Only Sony can use the "Walkman" name on its line of personal stereos.This is because:

Accepted Answer

A) Sony has a patent on the Walkman. 
B) "Walkman" is a registered Sony trademark. 
C) Sony has copyrighted the Walkman name. 
D) Sony's trade secrets are protected by international law. 
E) Sony has an international business license. 
A) Sony has a patent on the Walkman. 
B) "Walkman" is a registered Sony trademark. 
C) Sony has copyrighted the Walkman name. 
D) Sony's trade secrets are protected by international law. 
E) Sony has an international business license.

What type of international disputes would be taken before the International Court of Justice?

OPEC can be considered as a "cartel" which is a group of separate companies that collectively:

For years, Coca-Cola corporation did not enter India since the government wanted some kind of disclosure of their trade secrets.Why are the trade secrets so important, and what happens if a licensee or a government gains access to the licensor's trade secret?

India, Pakistan, Malaysia, Korea, and Japan have common-law jurisdictions.

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

The Uniform Commercial Code (UCC)is fully adopted by all U.S.states except:

Nationalization, expropriation, and confiscation are approved by international law as a legitimate exercise of government power as long as the act satisfies a "public purpose."

Japan has recently promised to speed up patent examinations, eliminate challenges to patent submissions, and allow patent applications to be filed in English.

Located in The Hague, the International Court of Justice (ICJ)is the judicial arm of the:

The United Nations Conference on International Trade Law (UNCITRAL)has also been a significant force in the area of arbitration.

In emerging countries, journalists may themselves become targets if they criticize the rich or powerful.

Licensing is a potentially dangerous action: It may be instrumental in creating a competitor.

The political maneuverings of the Russian government create a high level of political risk.

A "civil-law country" is one in which the legal system reflects the structural concepts and principles of the Roman Empire in the sixth century.

Which of the following is true of the arbitration framework created by the New York Convention?

Louisiana is the only state that has not fully adopted the Uniform Commercial Code (UCC)since its laws are heavily influenced by the French civil code.

Many governments in developing countries exercise control over their nations' economic development by passing protectionist laws and regulations.

The U.S.Justice Department objected to a recent patent license agreement between S.C.Johnson & Sons and Bayer AG.The antitrust unit at the Justice department objected to:

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

Only Sony can use the "Walkman" name on its line of personal stereos.This is because:

Introduction to Global Marketing

The Global Economic Environment

Regional Market Characteristics and Preferential Trade Agreements

Social and Cultural Environments

Global Information Systems and Market Research

Segmentation, Targeting, and Positioning

Importing, Exporting, and Sourcing

Global Market Entry Strategies: Licensing, Investment, and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions II: Sales Promotion, Personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantage

Leadership, Organization, and Corporate Social Responsibility

Filters

Exam 5: The Political, Legal, and Regulatory Environments

What type of international disputes would be taken before the International Court of Justice?

OPEC can be considered as a "cartel" which is a group of separate companies that collectively:

For years, Coca-Cola corporation did not enter India since the government wanted some kind of disclosure of their trade secrets.Why are the trade secrets so important, and what happens if a licensee or a government gains access to the licensor's trade secret?

India, Pakistan, Malaysia, Korea, and Japan have common-law jurisdictions.

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

The Uniform Commercial Code (UCC)is fully adopted by all U.S.states except:

Nationalization, expropriation, and confiscation are approved by international law as a legitimate exercise of government power as long as the act satisfies a "public purpose."

Japan has recently promised to speed up patent examinations, eliminate challenges to patent submissions, and allow patent applications to be filed in English.

Located in The Hague, the International Court of Justice (ICJ)is the judicial arm of the:

The United Nations Conference on International Trade Law (UNCITRAL)has also been a significant force in the area of arbitration.

In emerging countries, journalists may themselves become targets if they criticize the rich or powerful.

Licensing is a potentially dangerous action: It may be instrumental in creating a competitor.

The political maneuverings of the Russian government create a high level of political risk.

A "civil-law country" is one in which the legal system reflects the structural concepts and principles of the Roman Empire in the sixth century.

Which of the following is true of the arbitration framework created by the New York Convention?

Louisiana is the only state that has not fully adopted the Uniform Commercial Code (UCC)since its laws are heavily influenced by the French civil code.

Many governments in developing countries exercise control over their nations' economic development by passing protectionist laws and regulations.

The U.S.Justice Department objected to a recent patent license agreement between S.C.Johnson & Sons and Bayer AG.The antitrust unit at the Justice department objected to:

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

Only Sony can use the "Walkman" name on its line of personal stereos.This is because:

Introduction to Global Marketing

The Global Economic Environment

Regional Market Characteristics and Preferential Trade Agreements

Social and Cultural Environments

Global Information Systems and Market Research

Segmentation, Targeting, and Positioning

Importing, Exporting, and Sourcing

Global Market Entry Strategies: Licensing, Investment, and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions II: Sales Promotion, Personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantage

Leadership, Organization, and Corporate Social Responsibility

Filters