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

Islamic law defines a complete system that prescribes specific patterns of social and economic behavior for all individuals.

In which of the following countries is the ownership of IP rights established by prior use?

The form of law found in the United States and England is classified as civil or code law.

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

The World Court can settle disputes between a company and a government.

Which of the following laws is primarily found in the United States, England, Canada, and other countries once under English influence?

Which of the following is the most attractive target for pirates because of high development cost and low reproducibility costs?

The Islamic law prohibits the payment of _____.

Which of the following methods is considered most effective while resolving disputes with Chinese business partners?

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

Which of the following should ideally be the first step in the settlement of a dispute?

Which of the following acts developed by the European Union erases legal and trade differences that have existed for decades between the member nations?

Charging what the market will bear is a suggested strategy for IP-rich firms to make money in China.

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

When formal arbitration organizations receive requests for arbitration, they initially attempt to resolve the issue by:

If conciliation is not used to settle a difference in an international business dispute or an agreement cannot be reached, the next step is litigation.

In the United States, ownership of intellectual property rights is established by "prior use versus registration" which implies that to claim the ownership of a trademark, an individual must:

Which of the following forms of law is derived from English law?

Moving their businesses outside the political boundaries of the home country exempts the companies from the home-country laws.

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