Question 1

Which of the following is an objective of the Treaty on European Union?

Accepted Answer

A) To create cultural diversity among the member nations to increase tourism. 
B) To develop individual national autonomy on justice and home affairs. 
C) To promote economic and social progress by creating an area without internal borders and by establishing an economic and monetary union. 
D) None of the above. 
A) To create cultural diversity among the member nations to increase tourism. 
B) To develop individual national autonomy on justice and home affairs. 
C) To promote economic and social progress by creating an area without internal borders and by establishing an economic and monetary union. 
D) None of the above.

Question 2

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 3

The ICJ is:

Accepted Answer

A) the Internal Court of Jurisdiction of the U.N. to deal with disputes within the United Nations organization. 
B) a U.S. court created specifically to deal with international contracts. 
C) the judicial branch of the United Nations, which has advisory jurisdiction if requested by a U.N. organ or specialized U.N. agency. 
D) one of the many regional trade communities. 
A) the Internal Court of Jurisdiction of the U.N. to deal with disputes within the United Nations organization. 
B) a U.S. court created specifically to deal with international contracts. 
C) the judicial branch of the United Nations, which has advisory jurisdiction if requested by a U.N. organ or specialized U.N. agency. 
D) one of the many regional trade communities.

Question 4

Azurzerapi Corporation plans to start marketing products worldwide.What forms of multinational business enterprise should it consider?

Accepted Answer

It should consider the use of a wholly o

Question 5

Under the Foreign Sovereign Immunities Act a foreign sovereign is:

Accepted Answer

A) immune from all suits in the United States. 
B) immune from suits in the United States involving sovereign or public acts, but not private or commercial acts. 
C) not immune from any type of suit in the United States. 
D) None of the above. 
A) immune from all suits in the United States. 
B) immune from suits in the United States involving sovereign or public acts, but not private or commercial acts. 
C) not immune from any type of suit in the United States. 
D) None of the above.

Question 6

Match each statement with the correct term below.
-expropriation

Accepted Answer

A) Conclusively presumed unreasonable and therefore illegal. 
B) Acquisition by one company of a competing company. 
C) Closed a loophole in the Copyright Act and clarified when Internet users can distribute copyrighted works. 
D) Plan detailing how a state will implement and maintian EPA air quality standards within its borders. 
E) An illegal form of discrimination 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)Intentional and knowing conduct.
L)Any credit transaction involving goods, services, or land for personal, household, or family purposes.
M)Governs contracts for international sales of goods between parties located in different nations that have ratified the treaty.
N)Rule that a court should not question the validity of actions taken by a foreign government in its own country.
O)Superfund; establishes the National Contingency Plan for responding to releases of hazardous substances and a trust fund to pay for removal and cleanup of hazardous waste.
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)Agreement among parties not to deal with a third party.
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 judicial branch of the United Nations; has voluntary jurisdiction over nations. 
A) Conclusively presumed unreasonable and therefore illegal. 
B) Acquisition by one company of a competing company. 
C) Closed a loophole in the Copyright Act and clarified when Internet users can distribute copyrighted works. 
D) Plan detailing how a state will implement and maintian EPA air quality standards within its borders. 
E) An illegal form of discrimination 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)Intentional and knowing conduct.
L)Any credit transaction involving goods, services, or land for personal, household, or family purposes.
M)Governs contracts for international sales of goods between parties located in different nations that have ratified the treaty.
N)Rule that a court should not question the validity of actions taken by a foreign government in its own country.
O)Superfund; establishes the National Contingency Plan for responding to releases of hazardous substances and a trust fund to pay for removal and cleanup of hazardous waste.
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)Agreement among parties not to deal with a third party.
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 judicial branch of the United Nations; has voluntary jurisdiction over nations.

Question 7

The Foreign Corrupt Practices Act makes it illegal for an American company to offer or pay money to a foreign official to influence a decision of that official even if the offer is not accepted.

Accepted Answer

A) True 
 B)False

Question 8

Match each statement with the correct term below.
-tender offer

Accepted Answer

A) Conclusively presumed unreasonable and therefore illegal. 
B) Acquisition by one company of a competing company. 
C) Closed a loophole in the Copyright Act and clarified when Internet users can distribute copyrighted works. 
D) Plan detailing how a state will implement and maintian EPA air quality standards within its borders. 
E) An illegal form of discrimination 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)Intentional and knowing conduct.
L)Any credit transaction involving goods, services, or land for personal, household, or family purposes.
M)Governs contracts for international sales of goods between parties located in different nations that have ratified the treaty.
N)Rule that a court should not question the validity of actions taken by a foreign government in its own country.
O)Superfund; establishes the National Contingency Plan for responding to releases of hazardous substances and a trust fund to pay for removal and cleanup of hazardous waste.
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)Agreement among parties not to deal with a third party.
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 judicial branch of the United Nations; has voluntary jurisdiction over nations. 
A) Conclusively presumed unreasonable and therefore illegal. 
B) Acquisition by one company of a competing company. 
C) Closed a loophole in the Copyright Act and clarified when Internet users can distribute copyrighted works. 
D) Plan detailing how a state will implement and maintian EPA air quality standards within its borders. 
E) An illegal form of discrimination 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)Intentional and knowing conduct.
L)Any credit transaction involving goods, services, or land for personal, household, or family purposes.
M)Governs contracts for international sales of goods between parties located in different nations that have ratified the treaty.
N)Rule that a court should not question the validity of actions taken by a foreign government in its own country.
O)Superfund; establishes the National Contingency Plan for responding to releases of hazardous substances and a trust fund to pay for removal and cleanup of hazardous waste.
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)Agreement among parties not to deal with a third party.
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 judicial branch of the United Nations; has voluntary jurisdiction over nations.

Question 9

Sovereign immunity is absolute immunity from the courts of a host country.

Accepted Answer

A) True 
 B)False

Question 10

A goal of the EU is to promote progress by establishing an economic and monetary union.

Accepted Answer

A) True 
 B)False

Question 11

An "anti-dumping" statute:

Accepted Answer

A) is applied to both foreign companies and domestic companies which charge a higher price for products sold in the U.S. than the price charged abroad. 
B) has been declared invalid because of the inherent discrimination against foreign corporations. 
C) is administered by the FTC. 
D) makes illegal the sale of exported goods from one country to another country at less than normal value. 
A) is applied to both foreign companies and domestic companies which charge a higher price for products sold in the U.S. than the price charged abroad. 
B) has been declared invalid because of the inherent discrimination against foreign corporations. 
C) is administered by the FTC. 
D) makes illegal the sale of exported goods from one country to another country at less than normal value.

Question 12

The European Community was formed through a merger between the Common Market,the European Coal and Steel Community,and the European Atomic Energy Community.

Accepted Answer

A) True 
 B)False

Question 13

The United States and Germany may request an advisory opinion from the ICJ to settle a dispute over a trade issue.

Accepted Answer

A) True 
 B)False

Question 14

The International Anti-Bribery and Fair Competition Act of 1998 was enacted to expand the Foreign Corrupt Practices Act to include:

Accepted Answer

A) payments made to "secure any improper advantage" from foreign officials. 
B) all foreign persons who commit an act in furtherance of a U.S. bribe while in the U.S. 
C) domestic officials of international organizations. 
D) All of the above. 
A) payments made to "secure any improper advantage" from foreign officials. 
B) all foreign persons who commit an act in furtherance of a U.S. bribe while in the U.S. 
C) domestic officials of international organizations. 
D) All of the above.

Question 15

The CISG specifically excludes sales of which of the following?

Accepted Answer

A) Goods bought for personal, family, or household use. 
B) Ships or aircraft. 
C) Electricity. 
D) All of the above. 
A) Goods bought for personal, family, or household use. 
B) Ships or aircraft. 
C) Electricity. 
D) All of the above.

Question 16

The act-of-state doctrine provides that to maintain international relations and trade,a host country must refrain from imposing its laws on a foreign sovereign nation present within its borders.

Accepted Answer

A) True 
 B)False

Question 17

The U.S.Constitution provides that all valid treaties,which are agreements among independent nations,have the force of federal statutes.

Accepted Answer

A) True 
 B)False

Question 18

A letter of credit is a promise by a buyer's bank to pay the seller,provided certain conditions are met.

Accepted Answer

A) True 
 B)False

Question 19

Match each statement with the correct term below.
-conscious parallelism

Accepted Answer

A) Conclusively presumed unreasonable and therefore illegal. 
B) Acquisition by one company of a competing company. 
C) Closed a loophole in the Copyright Act and clarified when Internet users can distribute copyrighted works. 
D) Plan detailing how a state will implement and maintian EPA air quality standards within its borders. 
E) An illegal form of discrimination 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)Intentional and knowing conduct.
L)Any credit transaction involving goods, services, or land for personal, household, or family purposes.
M)Governs contracts for international sales of goods between parties located in different nations that have ratified the treaty.
N)Rule that a court should not question the validity of actions taken by a foreign government in its own country.
O)Superfund; establishes the National Contingency Plan for responding to releases of hazardous substances and a trust fund to pay for removal and cleanup of hazardous waste.
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)Agreement among parties not to deal with a third party.
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 judicial branch of the United Nations; has voluntary jurisdiction over nations. 
A) Conclusively presumed unreasonable and therefore illegal. 
B) Acquisition by one company of a competing company. 
C) Closed a loophole in the Copyright Act and clarified when Internet users can distribute copyrighted works. 
D) Plan detailing how a state will implement and maintian EPA air quality standards within its borders. 
E) An illegal form of discrimination 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)Intentional and knowing conduct.
L)Any credit transaction involving goods, services, or land for personal, household, or family purposes.
M)Governs contracts for international sales of goods between parties located in different nations that have ratified the treaty.
N)Rule that a court should not question the validity of actions taken by a foreign government in its own country.
O)Superfund; establishes the National Contingency Plan for responding to releases of hazardous substances and a trust fund to pay for removal and cleanup of hazardous waste.
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)Agreement among parties not to deal with a third party.
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 judicial branch of the United Nations; has voluntary jurisdiction over nations.

Question 20

Why do governments impose tariffs?

Accepted Answer

A) To protect domestic industries from foreign competition. 
B) To raise revenues. 
C) To attempt to improve their balance of trade. 
D) Governments impose tariffs for all of the above reasons. 
A) To protect domestic industries from foreign competition. 
B) To raise revenues. 
C) To attempt to improve their balance of trade. 
D) Governments impose tariffs for all of the above reasons.

Exam 46: International Business Law

Which of the following is an objective of the Treaty on European Union?

The Foreign Corrupt Practices Act of 1977 (FCPA):

The ICJ is:

Azurzerapi Corporation plans to start marketing products worldwide.What forms of multinational business enterprise should it consider?

Under the Foreign Sovereign Immunities Act a foreign sovereign is:

Match each statement with the correct term below. -expropriation

The Foreign Corrupt Practices Act makes it illegal for an American company to offer or pay money to a foreign official to influence a decision of that official even if the offer is not accepted.

Match each statement with the correct term below. -tender offer

Sovereign immunity is absolute immunity from the courts of a host country.

A goal of the EU is to promote progress by establishing an economic and monetary union.

An "anti-dumping" statute:

The European Community was formed through a merger between the Common Market,the European Coal and Steel Community,and the European Atomic Energy Community.

The United States and Germany may request an advisory opinion from the ICJ to settle a dispute over a trade issue.

The International Anti-Bribery and Fair Competition Act of 1998 was enacted to expand the Foreign Corrupt Practices Act to include:

The CISG specifically excludes sales of which of the following?

The act-of-state doctrine provides that to maintain international relations and trade,a host country must refrain from imposing its laws on a foreign sovereign nation present within its borders.

The U.S.Constitution provides that all valid treaties,which are agreements among independent nations,have the force of federal statutes.

A letter of credit is a promise by a buyer's bank to pay the seller,provided certain conditions are met.

Match each statement with the correct term below. -conscious parallelism

Why do governments impose tariffs?

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 and 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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