Exam 5: The Political, Legal, and Regulatory Environments

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 product bought from a foreign supplier.Which of the following does not represent an action taken by different legal bodies?

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

In Saudi Arabia, the Communication and Information Technology Commission (CITC)was ready to restrict BlackBerry services citing security concerns since the location of RIM (Research in Motion)servers were in Canada.

What do value added taxes (VAT)encourage in countries such as China?

In order to fight piracy in China, Budweiser beer cans have fluted edges that are difficult to manufacture.

What are the differences between a patent, trademark, and a copyright? What is meant by counterfeiting?

When Barack Obama was sworn in as the president of the United States, he inherited a situation that had confounded his predecessors for half a century.America's complex relationship with Cuba illustrates the impact the political, legal, and regulatory environments can have on international trade and global marketing activities.

Which of the following is true about protection of computer software?

Italy recently introduced the Reguzzoni-Versace Law which is intended to regulate trade in textiles, leather, and footwear.All of the following statements pertaining to the law are correct except:

Which of the following statements is correct?

In 2005, representatives from several wine regions in the United States and the EU signed a Joint Declaration to Protect Wine Place & Origin.In addition, a Wine Accord signed by the United States and EU bans the:

Denmark ranks highest in bribery as listed by the Corruption Perceptions Index (CPI)by Transparency International in 2010.

In Malaysia and Saudi Arabia, it is common to see that restaurants have signs declaring that all food is "Halal." Also, it is seen that courts handle marriages, divorces, distribution of family assets, and business practices by the "Sharia." What are these tenets and how do they have an impact on international business.

Formation of a cartel like OPEC, consisting of oil-producing companies, would most likely be illegal in the United States.

The ultimate threat a foreign government can pose toward a company is seizing assets.South Korea nationalized Kia, the nation's number three automaker, in the wake of the Asian currency crisis.How does this nationalization differ from expropriation and confiscation?

A U.S.company wishing to obtain foreign patent rights must apply to the Paris Union within one year of filing in the United States or risk a permanent loss of patent rights abroad.

The United States has more lawyers than any other country in the world and is arguably the most litigious nation on earth.This is a reflection of:

The company receiving the most U.S.patents for the year 2009 is:

As part of their alliance relationship, Northwest Airlines and KLM Royal Dutch set air fare prices jointly and coordinate flight schedules.Normally, such behavior would be considered harmful to competition, but the U.S.government has granted the two airlines special exemptions from laws concerning:

In China, import duties have dropped since the country joined the WTO.