Exam 5: The Political, Legal, and Regulatory Environments

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The TRIPs agreement requires signatory countries to protect against acquisition, disclosure, or use of trade secrets "in a manner contrary to honest commercial practices." TRUE

(True/False)
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Which of the following statements does not reflect the changes that have taken place in Russia?

(Multiple Choice)
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In the United States, the Foreign Corrupt Practices Act (FCPA)is a legacy of the Watergate scandal during Richard Nixon's presidency. Administered by the Department of Justice and the Securities and Exchange Commission, the act is concerned with disclosure and prohibition. What is this law concerned with, and why is it a subject of criticism by many?

(Essay)
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When companies operate abroad in the absence of home-country legal constraints, the best choice for ethical conduct would be:

(Multiple Choice)
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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:

(Multiple Choice)
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The German civil-law tradition prevails in all of the following countries except:

(Multiple Choice)
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Counterfeiting is:

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

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

(True/False)
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Bureaucracy is listed as a political risk category by:

(Multiple Choice)
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Despite the positive publicity, the phrases used to describe the arbitrary exercise of state power in Russia include all of the following except:

(Multiple Choice)
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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:

(Multiple Choice)
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"Sharia" and "haram" are important concepts in civil-code laws, which are commonly practiced in Middle Eastern countries.

(True/False)
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A company stands a better chance of having an international arbitration award upheld if its home-country government has signed:

(Multiple Choice)
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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.

(True/False)
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What should a U.S. company do if competitors are willing to offer a bribe for business in a foreign country?

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

(Multiple Choice)
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Islamic law is a comprehensive code based in part on:

(Multiple Choice)
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Uber's rapid growth is an example that the ________ is gaining traction.

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Trade secrets are confidential information or knowledge that has commercial value, is in the public domain and for which steps have been taken to keep it secret.

(True/False)
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