Exam 46: International Business Law

A foreign company,partially owned by that foreign government,manufactures televisions in the foreign country.The cost to the company for the manufacture of the product is the equivalent of $60 in the U.S.Because of excess production,the firm exports 50,000 sets to the United States where they are sold for $75 each.If the nearest rival U.S.-made set sells for $85,the action of the foreign company:

The European Community was the predecessor to the:

Under a distributorship:

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?

Under U.S.law,the CISG supersedes the UCC whenever either could apply.

Under the act of state doctrine,the United States reserves some areas of jurisdiction over the internal actions of sovereign states.

Match each statement with the correct term below. -boycott

Any business that engages in transactions involving the movement of goods,information,money,people,or services across national borders is referred to as a:

Match each statement with the correct term below. -multinational enterprise (MNE)

Match each statement with the correct term below. -SIP

Match each statement with the correct term below. -accountant-client privilege

Assume the U.S.has granted "most-favored nation" status to Holland.This means that the tariff on Dutch imported tobacco must be at least as low as that charged on tobacco from any other nation.

There is an International Organization of Securities Commissions made up of approximately 100 national securities agencies and exchanges which regulates about half of the world's securities markets.

A number of countries have joined together in Europe,Asia,Africa,and Latin America to coordinate their regional economies.Which of the following has NOT been an objective of such cooperation?

Define and discuss the doctrine of "sovereign immunity." Discuss how the Foreign Sovereign Immunities Act of 1976 has codified this area of law.Give examples of how the Act works.

What form of organization enables a multinational enterprise to retain control and authority over all phases of operation?

Which of the following is true about the European Union (EU)?

Like domestic law,international law can be easily enforced,because international courts have compulsory jurisdiction.

Match each statement with the correct term below. -CISG

Match each statement with the correct term below. -scienter