Question 1

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

Accepted Answer

A)  the French Civil Code. 
B)  Anglo-Saxon common law. 
C)  Islamic law. 
D)  the Uniform Commercial Code. 
E)  Roman law and the Napoleonic Code. 
A)  the French Civil Code. 
B)  Anglo-Saxon common law. 
C)  Islamic law. 
D)  the Uniform Commercial Code. 
E)  Roman law and the Napoleonic Code.

Question 2

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?

Accepted Answer

The act concerns disclosure and prohibit

Question 3

Under the Alternative Fines Act,fines imposed on individuals may not be paid by their employer or principal.

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

Which of the following would constitute a copyright violation?

Accepted Answer

A)  manufacturing and selling illegal videocassette copies of "Spiderman 2" 
B)  manufacturing and selling illegal copies of Levi "501" jeans 
C)  printing and selling illegal copies of Harry Potter books 
D)  A, B, and C are copyright violations. 
E)  A and B are copyright violations. 
A)  manufacturing and selling illegal videocassette copies of "Spiderman 2" 
B)  manufacturing and selling illegal copies of Levi "501" jeans 
C)  printing and selling illegal copies of Harry Potter books 
D)  A, B, and C are copyright violations. 
E)  A and B are copyright violations.

Question 6

Various types of political risk insurance to U.S.companies is provided by:

Accepted Answer

A)  BERI (Business Environment Risk Intelligence). 
B)  PRS Group. 
C)  EIU (Economist Intelligence Unit). 
D)  WTO (World Trade Organization). 
E)  OPIC (Overseas Private Investment Corporation). 
A)  BERI (Business Environment Risk Intelligence). 
B)  PRS Group. 
C)  EIU (Economist Intelligence Unit). 
D)  WTO (World Trade Organization). 
E)  OPIC (Overseas Private Investment Corporation).

Question 7

Flush with dollars from oil exports,the Russian government lifted all currency controls and made the ruble freely convertible in world markets.

Accepted Answer

A) True 
 B)False

Question 8

To establish ownership of a written,recorded,performed,or filmed creative work,it is necessary to apply for and be granted a patent.

Accepted Answer

A) True 
 B)False

Question 9

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?

Accepted Answer

Antitrust laws in the United States and

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

Affluent Russians can now shop at Versace,Burberry,Bulgari,and other exclusive brands.

Accepted Answer

A) True 
 B)False

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A)  They make trademarks and copyrights more valuable. 
B)  They result in cross-border shopping and smuggling. 
C)  They make it harder to bribe officials. 
D)  They protect companies from antitrust scrutiny. 
E)  Global companies refrain from offering bribes. 
A)  They make trademarks and copyrights more valuable. 
B)  They result in cross-border shopping and smuggling. 
C)  They make it harder to bribe officials. 
D)  They protect companies from antitrust scrutiny. 
E)  Global companies refrain from offering bribes.

Question 14

Any company doing business outside the home country should first carefully study the ________ in the target country.

Accepted Answer

A)  political culture 
B)  nationalization 
C)  political risk 
D)  jurisdiction 
E)  sovereignty 
A)  political culture 
B)  nationalization 
C)  political risk 
D)  jurisdiction 
E)  sovereignty

Question 15

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.

Accepted Answer

A) True 
 B)False

Question 16

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.

Accepted Answer

A) True 
 B)False

Question 17

A patent holder retains all rights for the life of the patent even if the product is not produced or sold.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is true about revised U.S.patent laws?

Accepted Answer

A)  Patents are valid for 17 years after the patent is granted. 
B)  Patents are valid for 17 years after the patent is filed. 
C)  Patents are valid for 20 years after the patent is granted. 
D)  Patents are valid for 20 years after the filing date of the application. 
E)  Patents are valid as long as the product is manufactured. 
A)  Patents are valid for 17 years after the patent is granted. 
B)  Patents are valid for 17 years after the patent is filed. 
C)  Patents are valid for 20 years after the patent is granted. 
D)  Patents are valid for 20 years after the filing date of the application. 
E)  Patents are valid as long as the product is manufactured.

Question 19

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:

Accepted Answer

A)  patent. 
B)  copyright. 
C)  trademark. 
D)  trade secret. 
E)  trade dress. 
A)  patent. 
B)  copyright. 
C)  trademark. 
D)  trade secret. 
E)  trade dress.

Question 20

Harley-Davidson has applied for federal protection of an unusual form of intellectual property; the "soul-pleasing rumble" produced by its motorcycles.What type of protection is Harley-Davidson seeking?

Accepted Answer

A)  copyright 
B)  trademark 
C)  license 
D)  patent 
E)  trade dress 
A)  copyright 
B)  trademark 
C)  license 
D)  patent 
E)  trade dress

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

Under the Alternative Fines Act,fines imposed on individuals may not be paid by their employer or principal.

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

Which of the following would constitute a copyright violation?

Various types of political risk insurance to U.S.companies is provided by:

Flush with dollars from oil exports,the Russian government lifted all currency controls and made the ruble freely convertible in world markets.

To establish ownership of a written,recorded,performed,or filmed creative work,it is necessary to apply for and be granted a patent.

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?

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

Affluent Russians can now shop at Versace,Burberry,Bulgari,and other exclusive brands.

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

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

Any company doing business outside the home country should first carefully study the ________ in the target country.

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.

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.

A patent holder retains all rights for the life of the patent even if the product is not produced or sold.

Which of the following is true about revised U.S.patent laws?

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:

Harley-Davidson has applied for federal protection of an unusual form of intellectual property; the "soul-pleasing rumble" produced by its motorcycles.What type of protection is Harley-Davidson seeking?

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

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

Under the Alternative Fines Act,fines imposed on individuals may not be paid by their employer or principal.

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

Which of the following would constitute a copyright violation?

Various types of political risk insurance to U.S.companies is provided by:

Flush with dollars from oil exports,the Russian government lifted all currency controls and made the ruble freely convertible in world markets.

To establish ownership of a written,recorded,performed,or filmed creative work,it is necessary to apply for and be granted a patent.

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?

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

Affluent Russians can now shop at Versace,Burberry,Bulgari,and other exclusive brands.

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

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

Any company doing business outside the home country should first carefully study the ________ in the target country.

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.

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.

A patent holder retains all rights for the life of the patent even if the product is not produced or sold.

Which of the following is true about revised U.S.patent laws?

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:

Harley-Davidson has applied for federal protection of an unusual form of intellectual property; the "soul-pleasing rumble" produced by its motorcycles.What type of protection is Harley-Davidson seeking?

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