Question 1

Civil or code law was derived from _________ law.

Accepted Answer

The answer of Civil or code law was derived from...

Question 2

Most disputes that arise in commercial transactions are settled informally.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following international conventions was established to recognize intellectual property rights?

Accepted Answer

A) the Paris Convention 
B) the Munich Agreement 
C) the Tokyo Convention 
D) the Eurasian Convention 
E) the Kyoto Protocol 
A) the Paris Convention 
B) the Munich Agreement 
C) the Tokyo Convention 
D) the Eurasian Convention 
E) the Kyoto Protocol

Question 4

What is the purpose of the Foreign Corrupt Practices Act?

Accepted Answer

The Act makes it illegal for companies t

Question 5

In common law countries ownership of intellectual property rights is established by ___________________.

Accepted Answer

prior use

Question 6

Which of the following supranational system of laws governs world commerce today?

Accepted Answer

A) U.S.law 
B) English law 
C) traditional Roman law 
D) code law as explained by French courts 
E) there is no supranational system of laws that governs behavior 
A) U.S.law 
B) English law 
C) traditional Roman law 
D) code law as explained by French courts 
E) there is no supranational system of laws that governs behavior

Question 7

What are the deterrents to litigation as a means for settling an international commerce dispute cited by the text?

Accepted Answer

(a)Fear of creating a poor image and dam

Question 8

In general,U.S.firms are allowed to participate in foreign-based boycotts as long as the U.S.firm can demonstrate that they would loose business in the foreign country if they did not participate in the boycott.

Accepted Answer

A) True 
 B)False

Question 9

The _________ of a legal system profoundly affects how the law is written,interpreted,and adjudicated.

Accepted Answer

A) foundation 
B) legality 
C) cost 
D) religious ties 
E) politics 
A) foundation 
B) legality 
C) cost 
D) religious ties 
E) politics

Question 10

China,Russia,Japan,and Vietnam have made major progress in reducing software piracy.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is usually placed in the arbitration clause that is becoming standard in many international contracts?

Accepted Answer

A) the names of arbitrators to be involved. 
B) the place of the arbitration (city and/or country). 
C) the titles of the arbitrators to be involved. 
D) the age of the arbitrators to be involved. 
E) the nationalities of the arbitrators. 
A) the names of arbitrators to be involved. 
B) the place of the arbitration (city and/or country). 
C) the titles of the arbitrators to be involved. 
D) the age of the arbitrators to be involved. 
E) the nationalities of the arbitrators.

Question 12

Ralph Richards has been attempting to solve a problem that his company has with a contract default by the Dutch government.He has tried conciliation but the two parties could never find any common ground on which to begin a fruitful negotiation for settlement.Which of the following will most likely be the course of action that both of the two parties will try next?

Accepted Answer

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

Question 13

Countries moving away from Marxist-socialist tenets (laws)need to establish business-related laws regarding private ownership,____________,and ___________.

Accepted Answer

contracts;

Question 14

A nonbonding agreement between parties to resolve disputes by asking a third party to mediate differences is called:

Accepted Answer

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

Question 15

The World Court can adjudicate disputes between which of the following?

Accepted Answer

A) disputes between governments 
B) disputes between a company and a government 
C) disputes between two companies 
D) disputes between a private citizen and a government 
E) the World Court does not adjudicate in any of the above matters 
A) disputes between governments 
B) disputes between a company and a government 
C) disputes between two companies 
D) disputes between a private citizen and a government 
E) the World Court does not adjudicate in any of the above matters

Question 16

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 17

Under _____________,the legal system is subordinate to prevailing economic conditions.

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 18

Legal disputes arise between and among what three groups? Disputes between which groups does the World Court adjudicate?

Accepted Answer

Legal disputes can arise betwe

Question 19

Under Marxist-socialist tenets (law)it would be illegal to pay interest on a loan.

Accepted Answer

A) True 
 B)False

Question 20

Companies spend considerable sums creating brand names and trademarks symbolizing_________________.

Accepted Answer

The answer of Companies spend considerable sums creating brand names...

Civil or code law was derived from _________ law.

Most disputes that arise in commercial transactions are settled informally.

Which of the following international conventions was established to recognize intellectual property rights?

What is the purpose of the Foreign Corrupt Practices Act?

In common law countries ownership of intellectual property rights is established by ___________________.

Which of the following supranational system of laws governs world commerce today?

What are the deterrents to litigation as a means for settling an international commerce dispute cited by the text?

In general,U.S.firms are allowed to participate in foreign-based boycotts as long as the U.S.firm can demonstrate that they would loose business in the foreign country if they did not participate in the boycott.

The _________ of a legal system profoundly affects how the law is written,interpreted,and adjudicated.

China,Russia,Japan,and Vietnam have made major progress in reducing software piracy.

Which of the following is usually placed in the arbitration clause that is becoming standard in many international contracts?

Countries moving away from Marxist-socialist tenets (laws)need to establish business-related laws regarding private ownership,__,and _.

A nonbonding agreement between parties to resolve disputes by asking a third party to mediate differences is called:

The World Court can adjudicate disputes between which of the following?

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

Under _____________,the legal system is subordinate to prevailing economic conditions.

Legal disputes arise between and among what three groups? Disputes between which groups does the World Court adjudicate?

Under Marxist-socialist tenets (law)it would be illegal to pay interest on a loan.

Companies spend considerable sums creating brand names and trademarks symbolizing_________________.

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

Emerging Markets

Multinational Market Regions and Market Groups

Global Marketing Management: Planning and Organization

Products and Services for Consumers

Products and Services for Businesses

International Marketing Channels

Exporting and Logistics: Special Issues for Business

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

Civil or code law was derived from _________ law.

Most disputes that arise in commercial transactions are settled informally.

Which of the following international conventions was established to recognize intellectual property rights?

What is the purpose of the Foreign Corrupt Practices Act?

In common law countries ownership of intellectual property rights is established by ___________________.

Which of the following supranational system of laws governs world commerce today?

What are the deterrents to litigation as a means for settling an international commerce dispute cited by the text?

In general,U.S.firms are allowed to participate in foreign-based boycotts as long as the U.S.firm can demonstrate that they would loose business in the foreign country if they did not participate in the boycott.

The _________ of a legal system profoundly affects how the law is written,interpreted,and adjudicated.

China,Russia,Japan,and Vietnam have made major progress in reducing software piracy.

Which of the following is usually placed in the arbitration clause that is becoming standard in many international contracts?

Countries moving away from Marxist-socialist tenets (laws)need to establish business-related laws regarding private ownership,____________,and ___________.

A nonbonding agreement between parties to resolve disputes by asking a third party to mediate differences is called:

The World Court can adjudicate disputes between which of the following?

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

Under _____________,the legal system is subordinate to prevailing economic conditions.

Legal disputes arise between and among what three groups? Disputes between which groups does the World Court adjudicate?

Under Marxist-socialist tenets (law)it would be illegal to pay interest on a loan.

Companies spend considerable sums creating brand names and trademarks symbolizing_________________.

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

Emerging Markets

Multinational Market Regions and Market Groups

Global Marketing Management: Planning and Organization

Products and Services for Consumers

Products and Services for Businesses

International Marketing Channels

Exporting and Logistics: Special Issues for Business

Integrated Marketing Communications and International Advertising

Personal Selling and Sales Management

Pricing for International Markets

Negotiating With International Customers, Partners, and Regulators

Filters

Countries moving away from Marxist-socialist tenets (laws)need to establish business-related laws regarding private ownership,__,and _.