Exam 5: Political and Legal Environment

The Patent Law Treaty (PLT)was adopted in Frankfurt in June 2000.

The Digital Millennium Copyright Act (DMCA)of 1998 was passed in Germany.

How do the macroeconomic policies of a host country affect a foreign company's operations?

Weapons that might be used as economic trade controls to protect locally produced goods against imports would be:

The Coordinating Committee for Multilateral Controls (COCOM)was founded after the Cold War in the 1990s.

Which of the following countries has very few restrictions on foreign ownership of corporations within its borders (domestic businesses)?

The U.S.antitrust laws were originally and primarily aimed at domestic monopolies.

A _______________ country is a country in which foreign companies are allowed to do business in accordance with its government's policies and its laws.

_________________ was founded in 1949 to stop the flow of Western technology to the Soviet Union.Australia,Japan,and the NATO countries (except Ireland)are Members.

__________________ refers to a foreign government's takeover for the purpose of making the industry a government-run industry.

With the growing adoption of the __________ standards by firms worldwide,an __________ certification has become an essential marketing tool for firms.

Recently the Russian subsidiary of PepsiCo needed to import bottling equipment from the United States.However,the Russian government did not allow the Company to exchange rubles for dollars,so it exported Russian vodka to the United States to earn enough dollars to import the needed equipment.This would be An example of _____________________.

Trade laws that harm other countries are likely to invoke _______________.

__________________ refers to an economic system in which free enterprise is permitted and encouraged along with private ownership.

According to the PRS Group's 2005 International Country Risk Ratings,which of the following country has the LOWEST risk rating?

Treaties and international contracts do not represent formal agreements among nations or firms.

An example of an economic trade control would be a trade restraint instituted to:

Both capitalistic and socialistic countries in which government planning and ownership play a major role are also referred to as planned economies.

__________________ refers to a foreign government's takeover of company assets such as land and goods with compensation that tend to fall short of their market value.

International marketers cannot afford to be __________________ as they interact with a multitude of political and legal systems,including their own at home.