Exam 5: The Political,legal,and Regulatory Environments

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Consten,a French company,had exclusive rights to import and distribute German Grundig's electronic products into France.One of the competitors started bringing "parallel imports" into France illegally,importing Grundig product bought from a foreign supplier.Which of the following does not represent an action taken by different legal bodies?

(Multiple Choice)
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To establish ownership of a written,recorded,performed,or filmed creative work,it is necessary to apply for and be granted a patent.

(True/False)
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If a foreign company is taken over by the host country government,and some form of compensation is paid,"expropriation" has occurred.

(True/False)
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Despite the positive publicity,the phrases used to describe the arbitrary exercise of state power in Russia include all of the following except:

(Multiple Choice)
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The high level of political risk currently evident in Russia can be attributed in part to excessively low taxes on business operations.

(True/False)
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What are the differences between a patent,trademark,and a copyright? What is meant by counterfeiting?

(Essay)
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In Saudi Arabia,the Communication and Information Technology Commission (CITC)was ready to restrict BlackBerry services citing security concerns since the location of RIM (Research in Motion)servers were in Canada.

(True/False)
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Which of the following best describes the legal basis for protection of trade secrets,patents,and copyrights in the United States?

(Multiple Choice)
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The German civil-law tradition prevails in all of the following countries except:

(Multiple Choice)
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What happens if a nation has allowed a case against it to be brought before the ICJ (International Court of Justice)and then refuses to accept a judgment against it?

(Multiple Choice)
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Research in Motion (RIM),a Canadian company which markets BlackBerry Messenger,is very popular with politicians and business people because it offers advance encryption that provides data security.This can be a disadvantage for some countries because:

(Multiple Choice)
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Counterfeiting is:

(Multiple Choice)
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Located in The Hague,the International Court of Justice (ICJ)is the judicial arm of the:

(Multiple Choice)
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When many nations reach advanced stages of economic development,their governments declare that any practice or policy that restrains free trade is legal.

(True/False)
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In accordance with GATT,new U.S.patents are granted for a period of ________ years from the filing date.

(Multiple Choice)
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India,Pakistan,Malaysia,Korea,and Japan have common-law jurisdictions.

(True/False)
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Nippon Paper Industries was found guilty in a U.S.court of conspiring with other Japanese companies to raise fax paper prices in the United States under the antitrust laws.What are the implications of such a law,and how does it affect international business?

(Essay)
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In the United States,the Foreign Corrupt Practices Act (FCPA)is a legacy of the Watergate scandal during Richard Nixon's presidency.Administered by the Department of Justice and the Securities and Exchange Commission,the act is concerned with disclosure and prohibition.What is this law concerned with,and why is it a subject of criticism by many?

(Essay)
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Any company doing business outside the home country should first carefully study the ________ in the target country.

(Multiple Choice)
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A company hoping to protect its trade secrets from being stolen by a foreign company can seek relief under the TRIPs agreement if both companies do business in GATT signatory countries.

(True/False)
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