Exam 5: Political and Legal Environment

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In the United States,the __________________________ has a national network of district offices in every state,offering export promotion assistance to local businesses.

(Multiple Choice)
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The international treaty (convention)established in 1883 that explains international protection rights of intellectual property (such as how long one has to file for Property protection in foreign countries)is called:

(Multiple Choice)
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The ultimate government involvement in trade is when the government:

(Multiple Choice)
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Trade controls can be broken into two categories - economic trade controls and _____________________.

(Short Answer)
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The United States maintains an economic embargo on Nicaragua.

(True/False)
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The United States maintains an economic embargo on __________________.

(Multiple Choice)
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____________________ laws primarily govern behavior within a country and also govern the resolution of international contractual disputes since foreign Subsidiaries and expatriate employees live within the legal bounds of their host Countries' legal systems.

(Multiple Choice)
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________________ refers to an economic system in which free enterprise is permitted and encouraged along with private ownership.

(Short Answer)
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________________ is generally considered to be a system that falls in the middle between largely independent systems and controlled economic systems.

(Multiple Choice)
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In the U.S. ,the Foreign Corrupt Practices Act (FCPA)was passed in 1990.

(True/False)
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Under strict socialism,the government owns and manages all businesses and no private ownership is allowed.

(True/False)
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In the United States,ITA stands for:

(Multiple Choice)
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Legal issues facing a company affect:

(Multiple Choice)
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International law represents __________________ among countries.

(Multiple Choice)
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Export license requirements are supply-based trade controls.

(True/False)
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In Europe,Airbus Industries was established with joint government subsidies from the governments of __________________________________________________.

(Multiple Choice)
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G-7 began during the economic crisis of the mid-____________.

(Multiple Choice)
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Another name for domestication is _______________________.

(Multiple Choice)
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What are the two primary types of trade controls? Give a description and an example of each major type.

(Essay)
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The _____________________ specifically forbade every contract,combination,or conspiracy to restrain free and open trade.

(Multiple Choice)
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