Question 1

_____ is by its nature a global enterprise for which no political or national boundaries exist.

Accepted Answer

A)  The ASEAN 
B)  The OPEC region 
C)  The Internet 
D)  The European Union 
E)  The NAFTA region 
A)  The ASEAN 
B)  The OPEC region 
C)  The Internet 
D)  The European Union 
E)  The NAFTA region

Question 2

The basis of _____ is the Koran.

Accepted Answer

A)  common law 
B)  code law 
C)  Islamic law 
D)  Marxist-socialist tenets 
E)  legal tradition 
A)  common law 
B)  code law 
C)  Islamic law 
D)  Marxist-socialist tenets 
E)  legal tradition

Question 3

In international commercial disputes, jurisdiction is generally determined in any of the following ways EXCEPT:

Accepted Answer

A)  on the basis of the money involved in a contract (who gains the most). 
B)  on the basis of jurisdiction clauses included in contracts. 
C)  on the basis of where a contract was entered into. 
D)  on the basis of where the provisions of the contract were performed. 
E)  on the basis of legal documents that define the business transaction. 
A)  on the basis of the money involved in a contract (who gains the most). 
B)  on the basis of jurisdiction clauses included in contracts. 
C)  on the basis of where a contract was entered into. 
D)  on the basis of where the provisions of the contract were performed. 
E)  on the basis of legal documents that define the business transaction.

Question 4

Which of the following are the licenses required for products exported from the United States?

Accepted Answer

A)  International or bilateral license 
B)  General or a validated license 
C)  Single or multiple license 
D)  Exporter or third-party license 
E)  Shipment license or agent license 
A)  International or bilateral license 
B)  General or a validated license 
C)  Single or multiple license 
D)  Exporter or third-party license 
E)  Shipment license or agent license

Question 5

Islamic law is known as the ___.

Accepted Answer

A)  Ulema 
B)  Jihad 
C)  Fatwa 
D)  Shari'ah 
E)  Barakah 
A)  Ulema 
B)  Jihad 
C)  Fatwa 
D)  Shari'ah 
E)  Barakah

Question 6

Which of the following U.S. government agencies oversees antitrust enforcement in international commerce?

Accepted Answer

A)  Department of State 
B)  Department of Justice 
C)  Department of Commerce 
D)  Department of Defense 
E)  Department of Home Land Security 
A)  Department of State 
B)  Department of Justice 
C)  Department of Commerce 
D)  Department of Defense 
E)  Department of Home Land Security

Question 7

The responsibility of determining if a license is required rests with the ___.

Accepted Answer

A)  Department of Commerce 
B)  industry regulatory body 
C)  exporter 
D)  U.S. Customs department 
E)  export agent 
A)  Department of Commerce 
B)  industry regulatory body 
C)  exporter 
D)  U.S. Customs department 
E)  export agent

Question 8

For American companies, establishing rights in the United States confers protection for their rights universally.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following indicates the exportability status of the item based on the ECCN?

Accepted Answer

A)  Commerce Control List 
B)  Entity List 
C)  Common List 
D)  Priority Export List 
E)  International Trade List 
A)  Commerce Control List 
B)  Entity List 
C)  Common List 
D)  Priority Export List 
E)  International Trade List

Question 10

Among the unique aspects of Islamic law is the prohibition against the payment of:

Accepted Answer

A)  taxes. 
B)  profits. 
C)  interest. 
D)  equity. 
E)  accounting fees. 
A)  taxes. 
B)  profits. 
C)  interest. 
D)  equity. 
E)  accounting fees.

Question 11

Which of the following conventions is responsible for the promotion of the protection of intellectual property rights?

Accepted Answer

A)  The Paris Convention 
B)  The Madrid Arrangement 
C)  The Tokyo Agreement 
D)  The Eurasian Convention 
E)  The United Nation's WIPO 
A)  The Paris Convention 
B)  The Madrid Arrangement 
C)  The Tokyo Agreement 
D)  The Eurasian Convention 
E)  The United Nation's WIPO

Question 12

The first objective of these laws is to protect American consumers by ensuring that they benefit from products and ideas produced by foreign competitors as well as by domestic competitors. Which law is in discussion?

Accepted Answer

A)  Incorporation laws 
B)  Intellectual property laws 
C)  Antitrust laws 
D)  Criminal laws 
E)  Monopoly laws 
A)  Incorporation laws 
B)  Intellectual property laws 
C)  Antitrust laws 
D)  Criminal laws 
E)  Monopoly laws

Question 13

The basis for _____ is tradition, past practices, and legal precedents set by the courts through interpretations of statutes, legal legislation, and past rulings.

Accepted Answer

A)  litigation 
B)  common law 
C)  code law 
D)  constitutional rights 
E)  intellectual property 
A)  litigation 
B)  common law 
C)  code law 
D)  constitutional rights 
E)  intellectual property

Question 14

The text identifies three heritages (four forms) that form the bases for the majority of legal systems in the world. What are the four forms of law and what are the heritages linked to these forms of law?

Accepted Answer

Four heritages form the bases for the ma

Question 15

Islamic law is known as the fatwah.

Accepted Answer

A) True 
 B)False

Question 16

In the usual _____ procedure, parties select a disinterested and informed party or parties to sever as a referee to determine the merits of the case and make a judgment that both parties agree to honor.

Accepted Answer

A)  arbitration 
B)  informal settlement 
C)  conciliation 
D)  litigation 
E)  coercion 
A)  arbitration 
B)  informal settlement 
C)  conciliation 
D)  litigation 
E)  coercion

Question 17

All of the following are considered to be deterrents to litigation EXCEPT:

Accepted Answer

A)  fear of creating a poor image and damaging public relations. 
B)  fear of unfair treatment in a foreign court. 
C)  difficulty in collecting a judgment that may otherwise have been collected in a mutually agreed settlement through arbitration. 
D)  the relatively low cost and time required when bringing legal action. 
E)  loss of confidentiality. 
A)  fear of creating a poor image and damaging public relations. 
B)  fear of unfair treatment in a foreign court. 
C)  difficulty in collecting a judgment that may otherwise have been collected in a mutually agreed settlement through arbitration. 
D)  the relatively low cost and time required when bringing legal action. 
E)  loss of confidentiality.

Question 18

Identify the two types of licenses required for export.

Accepted Answer

The first step when complying with expor

Question 19

Laws governing _____ offer the most striking differences between common-law and code-law systems.

Accepted Answer

A)  international trade 
B)  civil disputes 
C)  criminal offence 
D)  intellectual property 
E)  domestic industry 
A)  international trade 
B)  civil disputes 
C)  criminal offence 
D)  intellectual property 
E)  domestic industry

Question 20

List the major international conventions designed for mutual recognition and protection of intellectual property rights.

Accepted Answer

Many countries participate in internatio

_____ is by its nature a global enterprise for which no political or national boundaries exist.

The basis of _____ is the Koran.

In international commercial disputes, jurisdiction is generally determined in any of the following ways EXCEPT:

Which of the following are the licenses required for products exported from the United States?

Islamic law is known as the ___.

Which of the following U.S. government agencies oversees antitrust enforcement in international commerce?

The responsibility of determining if a license is required rests with the ___.

For American companies, establishing rights in the United States confers protection for their rights universally.

Which of the following indicates the exportability status of the item based on the ECCN?

Among the unique aspects of Islamic law is the prohibition against the payment of:

Which of the following conventions is responsible for the promotion of the protection of intellectual property rights?

The first objective of these laws is to protect American consumers by ensuring that they benefit from products and ideas produced by foreign competitors as well as by domestic competitors. Which law is in discussion?

The basis for _____ is tradition, past practices, and legal precedents set by the courts through interpretations of statutes, legal legislation, and past rulings.

The text identifies three heritages (four forms) that form the bases for the majority of legal systems in the world. What are the four forms of law and what are the heritages linked to these forms of law?

Islamic law is known as the fatwah.

In the usual _____ procedure, parties select a disinterested and informed party or parties to sever as a referee to determine the merits of the case and make a judgment that both parties agree to honor.

All of the following are considered to be deterrents to litigation EXCEPT:

Identify the two types of licenses required for export.

Laws governing _____ offer the most striking differences between common-law and code-law systems.

List the major international conventions designed for mutual recognition and protection of intellectual property rights.

The Scope and Challenge of International Marketing

The Dynamic Environment of International Trade

History and Geography: The Foundations of Culture

Cultural Dynamics in Assessing Global Markets

Culture, Management Style, and Business Systems

The Political Environment: A Critical Concern

Developing a Global Vision Through Marketing Research

Economic Development and the Americas

Europe, Africa, and the Middle East

The Asia Pacific Region

Global Marketing Management: Planning and Organization

Products and Services for Consumers

Products and Services for Businesses

International Marketing Channels

Integrated Marketing Communications and International Advertising

Personal Selling and Sales Management

Pricing for International Markets

Negotiating With International Customers, Partners, and Regulators

Filters

Exam 7: The International Legal Environment: Playing by the Rules

_____ is by its nature a global enterprise for which no political or national boundaries exist.

The basis of _____ is the Koran.

In international commercial disputes, jurisdiction is generally determined in any of the following ways EXCEPT:

Which of the following are the licenses required for products exported from the United States?

Islamic law is known as the ___.

Which of the following U.S. government agencies oversees antitrust enforcement in international commerce?

The responsibility of determining if a license is required rests with the ___.

For American companies, establishing rights in the United States confers protection for their rights universally.

Which of the following indicates the exportability status of the item based on the ECCN?

Among the unique aspects of Islamic law is the prohibition against the payment of:

Which of the following conventions is responsible for the promotion of the protection of intellectual property rights?

The first objective of these laws is to protect American consumers by ensuring that they benefit from products and ideas produced by foreign competitors as well as by domestic competitors. Which law is in discussion?

The basis for _____ is tradition, past practices, and legal precedents set by the courts through interpretations of statutes, legal legislation, and past rulings.

The text identifies three heritages (four forms) that form the bases for the majority of legal systems in the world. What are the four forms of law and what are the heritages linked to these forms of law?

Islamic law is known as the fatwah.

In the usual _____ procedure, parties select a disinterested and informed party or parties to sever as a referee to determine the merits of the case and make a judgment that both parties agree to honor.

All of the following are considered to be deterrents to litigation EXCEPT:

Identify the two types of licenses required for export.

Laws governing _____ offer the most striking differences between common-law and code-law systems.

List the major international conventions designed for mutual recognition and protection of intellectual property rights.

The Scope and Challenge of International Marketing

The Dynamic Environment of International Trade

History and Geography: The Foundations of Culture

Cultural Dynamics in Assessing Global Markets

Culture, Management Style, and Business Systems

The Political Environment: A Critical Concern

Developing a Global Vision Through Marketing Research

Economic Development and the Americas

Europe, Africa, and the Middle East

The Asia Pacific Region

Global Marketing Management: Planning and Organization

Products and Services for Consumers

Products and Services for Businesses

International Marketing Channels

Integrated Marketing Communications and International Advertising

Personal Selling and Sales Management

Pricing for International Markets

Negotiating With International Customers, Partners, and Regulators

Filters