Exam 5: The Political, Legal, and Regulatory Environments

As the ruble's value fell through most of 2014, Russian consumers rushed to change rubles to dollars and euros and to buy big-ticket items such as big-screen TVs and luxury cars.

A formal legal document that gives an inventor the exclusive right to make, use, and sell an invention for a specified period of time is known as a:

Some observers believe global market integration is enriching national economic sovereignty.

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

Italy recently introduced the Reguzzoni-Versace Law which states that if at least two stages of production-there are four stages altogether-occur in Italy, a garment can be labeled "Made in Italy."

Which of the following best describes the legal basis for protection of trade secrets, patents, and copyrights in the United States?

Patents and trademarks that are protected in one country are protected in another, so global marketers must ensure that patents and trademarks are registered.

In most of the European Union countries, the influence of regulatory agencies is pervasive. What steps will be necessary of a corporation to protect business interest and advance new programs?

According to Transparency International's Corruption Perceptions Index scores for 2014, the country which was listed as most corrupt was:

The company receiving the most U.S. patents in 2013 was:

Nippon Paper Industries was found guilty in a U.S. court of conspiring with other Japanese companies to raise fax paper prices in the United States.

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

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

Any western country doing business in Malaysia or the Middle East should have an understanding of:

Nippon Paper Industries was found guilty in a U.S. court of conspiring with other Japanese companies to raise fax paper prices in the United States under the antitrust laws. What are the implications of such a law, and how does it affect international business?

In a recent case, Revlon sued United Overseas Limited (UOL)in the U.S. District Court for the Southern District of New York for breach of contract. UOL countered by asking the court to dismiss the claim since they are not operating in that area. Revlon cited the presence of a UOL sign above the entrance to the offices of a New York company in which UOL had a 50-percent ownership. The court dismissed UOL's claim. This is an issue related to :

Which of the following actions were approved both by the Antitrust Review in the EU as well as in the United States?

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:

The governmental action to dispossess a foreign company or investor is known as:

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