Question 1

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 of 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 the above. 
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 of 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 the above.

Question 2

What is the basic purpose of the World Trade Organization (WTO)?

Accepted Answer

The basic purpose of the World Trade Org

Question 3

MATCHING
Part IX Matching
Match each statement with the correct term below.a.Conclusively presumed unreasonable and therefore illegal.b.Acquisition by one company of a competing company.c.Commercially valuable information that is guarded from disclosure.d.Deduction from wages to repay a debt.e.An illegal form of differential treatment that includes unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature.f.Governmental taking of foreign-owned property for a public purpose with just payment.g.Includes any note, stock, bond, preorganization subscription, and investment contract (any investment of money or property made in expectation of receiving a financial return solely from the efforts of others).h.A signed writing by a shareholder authorizing a named person to vote her stock at a specified meeting of shareholders.i.A general invitation to all shareholders to purchase their shares at a specified price for a specified time.j.Not recognized by the common law or federal law, although some states have adopted statutes granting some form of this.k.Exclusive right to an invention for a statutory period of 14 or 20 years.l.Borrowing to acquire goods, services, or land for personal, household, or family purposes.m.Substantial and unreasonable interference with the use and enjoyment of a person's land.n.Defense to liability for false securities registration statements.o.Rule that a court should not question the validity of actions taken by a foreign government in its own country.p.Foreign country's freedom from a host country's laws.q.Any business that engages in transactions involving the movement of goods, information, money, people, or services across national borders.r.EPA's treatment of an entire plant as one pollution source for obtaining permits.s.Similar patterns of conduct among competitors.t.Exclusive right, usually for the author's life plus 70 years, to original works of authorship.u.The judiciary branch of the United Nations; has voluntary jurisdiction over nations.
-copyright

Accepted Answer

The answer of MATCHING
Part IX Matching
Match each statement with the...

Question 4

The European Union (EU):

Accepted Answer

A) has approximately 500 million citizens. 
B) currently has 32 members. 
C) has officially admitted Japan to full membership. 
D) is now closed to further membership. 
A) has approximately 500 million citizens. 
B) currently has 32 members. 
C) has officially admitted Japan to full membership. 
D) is now closed to further membership.

Question 5

Assume a foreign nation has seized all of the property of an American corporation.The nation has assumed ownership of the property for a public purpose and has paid the American corporation what it believes to be fair compensation.Under these facts, the seizure of property is best described as:

Accepted Answer

A) expropriation. 
B) confiscation. 
C) force majeure. 
D) eminent domain. 
A) expropriation. 
B) confiscation. 
C) force majeure. 
D) eminent domain.

Question 6

Because there is no international currency, nations have sought to ease the flow of capital between them.

Accepted Answer

A) True 
 B)False

Question 7

MATCHING
Part IX Matching
Match each statement with the correct term below.a.Conclusively presumed unreasonable and therefore illegal.b.Acquisition by one company of a competing company.c.Commercially valuable information that is guarded from disclosure.d.Deduction from wages to repay a debt.e.An illegal form of differential treatment that includes unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature.f.Governmental taking of foreign-owned property for a public purpose with just payment.g.Includes any note, stock, bond, preorganization subscription, and investment contract (any investment of money or property made in expectation of receiving a financial return solely from the efforts of others).h.A signed writing by a shareholder authorizing a named person to vote her stock at a specified meeting of shareholders.i.A general invitation to all shareholders to purchase their shares at a specified price for a specified time.j.Not recognized by the common law or federal law, although some states have adopted statutes granting some form of this.k.Exclusive right to an invention for a statutory period of 14 or 20 years.l.Borrowing to acquire goods, services, or land for personal, household, or family purposes.m.Substantial and unreasonable interference with the use and enjoyment of a person's land.n.Defense to liability for false securities registration statements.o.Rule that a court should not question the validity of actions taken by a foreign government in its own country.p.Foreign country's freedom from a host country's laws.q.Any business that engages in transactions involving the movement of goods, information, money, people, or services across national borders.r.EPA's treatment of an entire plant as one pollution source for obtaining permits.s.Similar patterns of conduct among competitors.t.Exclusive right, usually for the author's life plus 70 years, to original works of authorship.u.The judiciary branch of the United Nations; has voluntary jurisdiction over nations.
-multinational enterprise (MNE)

Accepted Answer

The answer of MATCHING
Part IX Matching
Match each statement with the...

Question 8

MATCHING
Part IX Matching
Match each statement with the correct term below.a.Conclusively presumed unreasonable and therefore illegal.b.Acquisition by one company of a competing company.c.Commercially valuable information that is guarded from disclosure.d.Deduction from wages to repay a debt.e.An illegal form of differential treatment that includes unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature.f.Governmental taking of foreign-owned property for a public purpose with just payment.g.Includes any note, stock, bond, preorganization subscription, and investment contract (any investment of money or property made in expectation of receiving a financial return solely from the efforts of others).h.A signed writing by a shareholder authorizing a named person to vote her stock at a specified meeting of shareholders.i.A general invitation to all shareholders to purchase their shares at a specified price for a specified time.j.Not recognized by the common law or federal law, although some states have adopted statutes granting some form of this.k.Exclusive right to an invention for a statutory period of 14 or 20 years.l.Borrowing to acquire goods, services, or land for personal, household, or family purposes.m.Substantial and unreasonable interference with the use and enjoyment of a person's land.n.Defense to liability for false securities registration statements.o.Rule that a court should not question the validity of actions taken by a foreign government in its own country.p.Foreign country's freedom from a host country's laws.q.Any business that engages in transactions involving the movement of goods, information, money, people, or services across national borders.r.EPA's treatment of an entire plant as one pollution source for obtaining permits.s.Similar patterns of conduct among competitors.t.Exclusive right, usually for the author's life plus 70 years, to original works of authorship.u.The judiciary branch of the United Nations; has voluntary jurisdiction over nations.
-accountant-client privilege

Accepted Answer

The answer of MATCHING
Part IX Matching
Match each statement with the...

Question 9

Which of the following is an objective of the North American Free Trade Agreement (NAFTA)?

Accepted Answer

A) Create trade barriers to the movement of goods and services across the borders. 
B) Promote conditions of fair competition in the free trade area. 
C) Decrease investment opportunities in certain parts of the area. 
D) Provide adequate and effective enforcement of all types of property rights. 
A) Create trade barriers to the movement of goods and services across the borders. 
B) Promote conditions of fair competition in the free trade area. 
C) Decrease investment opportunities in certain parts of the area. 
D) Provide adequate and effective enforcement of all types of property rights.

Question 10

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 the above. 
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 the above.

Question 11

A country may issue foreign citizens visas that permit them to enter the country for identified purposes or for specific periods of time.

Accepted Answer

A) True 
 B)False

Question 12

Most nations submit their international disputes to the International Court of Justice.

Accepted Answer

A) True 
 B)False

Question 13

The legal issues inherent in domestic commercial contracts also arise in international contracts.

Accepted Answer

A) True 
 B)False

Question 14

The U.S.Constitution provides that all valid treaties have the legal force of a federal statute.

Accepted Answer

A) True 
 B)False

Question 15

A treaty is an agreement between or among independent nations.

Accepted Answer

A) True 
 B)False

Question 16

The basic purpose of __________ is to facilitate the flow of trade by establishing agreements concerning potential trade barriers such as import quotas, customs, export regulations, subsidies, and import fees.

Accepted Answer

A) WTO 
B) Foreign Sovereign Immunities Act. 
C) World Bank. 
D) None of the above. 
A) WTO 
B) Foreign Sovereign Immunities Act. 
C) World Bank. 
D) None of the above.

Question 17

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 18

The General Agreement on Tariffs and Trade (GATT):

Accepted Answer

A) attempts to establish agreements on the practice of "dumping." 
B) is a general international antitrust agreement. 
C) provides no technical assistance or training for developing countries. 
D) has successfully rid international trade of tariffs. 
A) attempts to establish agreements on the practice of "dumping." 
B) is a general international antitrust agreement. 
C) provides no technical assistance or training for developing countries. 
D) has successfully rid international trade of tariffs.

Question 19

MATCHING
Part IX Matching
Match each statement with the correct term below.a.Conclusively presumed unreasonable and therefore illegal.b.Acquisition by one company of a competing company.c.Commercially valuable information that is guarded from disclosure.d.Deduction from wages to repay a debt.e.An illegal form of differential treatment that includes unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature.f.Governmental taking of foreign-owned property for a public purpose with just payment.g.Includes any note, stock, bond, preorganization subscription, and investment contract (any investment of money or property made in expectation of receiving a financial return solely from the efforts of others).h.A signed writing by a shareholder authorizing a named person to vote her stock at a specified meeting of shareholders.i.A general invitation to all shareholders to purchase their shares at a specified price for a specified time.j.Not recognized by the common law or federal law, although some states have adopted statutes granting some form of this.k.Exclusive right to an invention for a statutory period of 14 or 20 years.l.Borrowing to acquire goods, services, or land for personal, household, or family purposes.m.Substantial and unreasonable interference with the use and enjoyment of a person's land.n.Defense to liability for false securities registration statements.o.Rule that a court should not question the validity of actions taken by a foreign government in its own country.p.Foreign country's freedom from a host country's laws.q.Any business that engages in transactions involving the movement of goods, information, money, people, or services across national borders.r.EPA's treatment of an entire plant as one pollution source for obtaining permits.s.Similar patterns of conduct among competitors.t.Exclusive right, usually for the author's life plus 70 years, to original works of authorship.u.The judiciary branch of the United Nations; has voluntary jurisdiction over nations.
-conscious parallelism

Accepted Answer

The answer of MATCHING
Part IX Matching
Match each statement with the...

Question 20

The United States and a Latin American country signed a treaty whereby the United States agreed to assist the Latin American country in controlling drug traffic.The United States, following the treaty, seized 100 square meters of land and bulldozed it, because it was a suspected haven of drug smuggling.The land in question was in Latin America, but belonged to an American citizen.Which of the following is correct?

Accepted Answer

A) The treaty will supersede any general Constitutional rights because the treaty gave specific authorization for the act. 
B) The act was not offensive to the Constitution, because it occurred in Latin America. 
C) Constitutional rights apply to people, not to property. 
D) Constitutional rights supersede treaties. 
A) The treaty will supersede any general Constitutional rights because the treaty gave specific authorization for the act. 
B) The act was not offensive to the Constitution, because it occurred in Latin America. 
C) Constitutional rights apply to people, not to property. 
D) Constitutional rights supersede treaties.

Exam 47: International Business Law

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

What is the basic purpose of the World Trade Organization (WTO)?

The European Union (EU):

Assume a foreign nation has seized all of the property of an American corporation.The nation has assumed ownership of the property for a public purpose and has paid the American corporation what it believes to be fair compensation.Under these facts, the seizure of property is best described as:

Because there is no international currency, nations have sought to ease the flow of capital between them.

Which of the following is an objective of the North American Free Trade Agreement (NAFTA)?

The Foreign Corrupt Practices Act of 1977 (FCPA):

A country may issue foreign citizens visas that permit them to enter the country for identified purposes or for specific periods of time.

Most nations submit their international disputes to the International Court of Justice.

The legal issues inherent in domestic commercial contracts also arise in international contracts.

The U.S.Constitution provides that all valid treaties have the legal force of a federal statute.

A treaty is an agreement between or among independent nations.

The basic purpose of __________ is to facilitate the flow of trade by establishing agreements concerning potential trade barriers such as import quotas, customs, export regulations, subsidies, and import fees.

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 General Agreement on Tariffs and Trade (GATT):

Introduction to Law

Business Ethics

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Intentional Torts

Negligence and Strict Liability

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 Remedies

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Product Liability: Warranties and Strict Liability

Sales Remedies

Form and Content

Transfer

Holder in Due Course

Liability of Parties

Bank Deposits, Collections, and Funds Transfers

Relationship of Principal and Agent

Relationship With Third Parties

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 Corporations

Secured Transactions and Suretyship

Bankruptcy

Securities Regulation

Intellectual Property

Employment Law

Antitrust

Accountants Legal Liability

Consumer Protection

Environmental Law

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

Interests in Real Property

Transfer and Control of Real Property

Trusts and Wills

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