Question 1

Which of the following is not a common-law country?

Accepted Answer

A)  India 
B)  Pakistan 
C)  Malaysia 
D)  Korea 
E)  Singapore 
A)  India 
B)  Pakistan 
C)  Malaysia 
D)  Korea 
E)  Singapore D

Question 2

A recent rash of antitrust actions brought in the United States against foreign companies has raised concerns that the United States is violating international law as well as the sovereignty of other nations.

Accepted Answer

A) True 
 B)False  True

Question 3

The European Commission has jurisdiction over European-based companies as well as non-European ones that generate significant revenues in Europe.If Microsoft applies in Europe,the Commission has a right to all of the following except:

Accepted Answer

A)  it can block a proposed merger. 
B)  it can block a proposed joint venture. 
C)  it can approve with minor modifications. 
D)  it can demand substantial concessions before granting approval. 
E)  it can refer serious matters to the UN Security Council. 
A)  it can block a proposed merger. 
B)  it can block a proposed joint venture. 
C)  it can approve with minor modifications. 
D)  it can demand substantial concessions before granting approval. 
E)  it can refer serious matters to the UN Security Council. E

Question 4

The European Court of Justice,based in Luxembourg,is the European Union's highest legal authority.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A patent is a formal legal document that

Question 6

According to the Transparency International's Corruption Perceptions Index scores for 2010,the country which was listed as most corrupt was:

Accepted Answer

A)  Iraq. 
B)  Uzbekistan. 
C)  Chad. 
D)  Afghanistan. 
E)  Somalia. 
A)  Iraq. 
B)  Uzbekistan. 
C)  Chad. 
D)  Afghanistan. 
E)  Somalia.

Question 7

The requirement that all restaurants declare that the meat is "halal" is based on Islamic Laws.

Accepted Answer

A) True 
 B)False

Question 8

A proposed merger between two Swiss-based global pharmaceutical companies,Ciba-Geigy AG and Sandoz AG,would be subject to review by regulators from which of the following?

Accepted Answer

A)  European Commission 
B)  UN Conference on International Trade Law 
C)  International Chamber of Commerce 
D)  International Court of Justice 
E)  none of the above 
A)  European Commission 
B)  UN Conference on International Trade Law 
C)  International Chamber of Commerce 
D)  International Court of Justice 
E)  none of the above

Question 9

In many parts of the world,sales of unauthorized videos of Hollywood movies cost the movie studios billions of dollars.When illegal copies of movies are made,what form of intellectual property has been wrongly appropriated?

Accepted Answer

A)  patent 
B)  copyright 
C)  trademark 
D)  trade secrets 
E)  down loading 
A)  patent 
B)  copyright 
C)  trademark 
D)  trade secrets 
E)  down loading

Question 10

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

Accepted Answer

A)  the Paris Convention. 
B)  the Prague Convention. 
C)  the New York Convention. 
D)  the Vienna Convention. 
E)  the Geneva Convention. 
A)  the Paris Convention. 
B)  the Prague Convention. 
C)  the New York Convention. 
D)  the Vienna Convention. 
E)  the Geneva Convention.

Question 11

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 12

In accordance with GATT,new U.S.patents are granted for a period of ________ years from the filing date.

Accepted Answer

A)  10 
B)  17 
C)  20 
D)  27 
E)  30 
A)  10 
B)  17 
C)  20 
D)  27 
E)  30

Question 13

After Fidel Castro took power in Cuba in 1959,his government seized control of American property without paying compensation.Coca-Cola,DuPont,Texaco,and dozens of other American companies have filed claims against Cuba seeking financial settlements.Which of the following terms most specifically describes the action Castro took against these companies?

Accepted Answer

A)  nationalization 
B)  confiscation 
C)  expropriation 
D)  internationalization 
E)  deportation 
A)  nationalization 
B)  confiscation 
C)  expropriation 
D)  internationalization 
E)  deportation

Question 14

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 15

When a company invents a product or service,it should have a right to defend its creativity with intellectual patents.However,there are some countries like Italy and China where piracy and copyright violations are common.How can a corporation prevent this by having some built-in measures in products and services?

Accepted Answer

Individuals or companies sometimes find

Question 16

Research in Motion (RIM),a Canadian company which markets BlackBerry Messenger,is very popular with politicians and business people because it offers advance encryption that provides data security.This can be a disadvantage for some countries because:

Accepted Answer

A)  it is too complex to understand. 
B)  governments use strict control for security reasons. 
C)  the software can be easily downloaded. 
D)  the accessibility is very poor. 
E)  there is competition from local manufacturers. 
A)  it is too complex to understand. 
B)  governments use strict control for security reasons. 
C)  the software can be easily downloaded. 
D)  the accessibility is very poor. 
E)  there is competition from local manufacturers.

Question 17

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?

Accepted Answer

Nationalization is generally broader in

Question 18

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.

Question 19

A trademark gives the inventor of a product the exclusive legal right to make,use,and sell an invention for a specific period of time.

Accepted Answer

A) True 
 B)False

Question 20

According to U.S.laws,there is no restrictions on remittances of royalties received abroad based on the commercial negotiation between licensor and licensee.

Accepted Answer

A) True 
 B)False

Which of the following is not a common-law country?

A recent rash of antitrust actions brought in the United States against foreign companies has raised concerns that the United States is violating international law as well as the sovereignty of other nations.

The European Commission has jurisdiction over European-based companies as well as non-European ones that generate significant revenues in Europe.If Microsoft applies in Europe,the Commission has a right to all of the following except:

The European Court of Justice,based in Luxembourg,is the European Union's highest legal authority.

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

According to the Transparency International's Corruption Perceptions Index scores for 2010,the country which was listed as most corrupt was:

The requirement that all restaurants declare that the meat is "halal" is based on Islamic Laws.

A proposed merger between two Swiss-based global pharmaceutical companies,Ciba-Geigy AG and Sandoz AG,would be subject to review by regulators from which of the following?

In many parts of the world,sales of unauthorized videos of Hollywood movies cost the movie studios billions of dollars.When illegal copies of movies are made,what form of intellectual property has been wrongly appropriated?

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

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

In accordance with GATT,new U.S.patents are granted for a period of ________ years from the filing date.

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

Research in Motion (RIM),a Canadian company which markets BlackBerry Messenger,is very popular with politicians and business people because it offers advance encryption that provides data security.This can be a disadvantage for some countries because:

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?

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

A trademark gives the inventor of a product the exclusive legal right to make,use,and sell an invention for a specific period of time.

According to U.S.laws,there is no restrictions on remittances of royalties received abroad based on the commercial negotiation between licensor and licensee.

Introduction to Global Marketing

The Global Economic Environment

The Global Trade Environment

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

Which of the following is not a common-law country?

A recent rash of antitrust actions brought in the United States against foreign companies has raised concerns that the United States is violating international law as well as the sovereignty of other nations.

The European Commission has jurisdiction over European-based companies as well as non-European ones that generate significant revenues in Europe.If Microsoft applies in Europe,the Commission has a right to all of the following except:

The European Court of Justice,based in Luxembourg,is the European Union's highest legal authority.

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

According to the Transparency International's Corruption Perceptions Index scores for 2010,the country which was listed as most corrupt was:

The requirement that all restaurants declare that the meat is "halal" is based on Islamic Laws.

A proposed merger between two Swiss-based global pharmaceutical companies,Ciba-Geigy AG and Sandoz AG,would be subject to review by regulators from which of the following?

In many parts of the world,sales of unauthorized videos of Hollywood movies cost the movie studios billions of dollars.When illegal copies of movies are made,what form of intellectual property has been wrongly appropriated?

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

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

In accordance with GATT,new U.S.patents are granted for a period of ________ years from the filing date.

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

Research in Motion (RIM),a Canadian company which markets BlackBerry Messenger,is very popular with politicians and business people because it offers advance encryption that provides data security.This can be a disadvantage for some countries because:

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?

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

A trademark gives the inventor of a product the exclusive legal right to make,use,and sell an invention for a specific period of time.

According to U.S.laws,there is no restrictions on remittances of royalties received abroad based on the commercial negotiation between licensor and licensee.

Introduction to Global Marketing

The Global Economic Environment

The Global Trade Environment

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