Exam 5: The Political,legal,and Regulatory Environments

In Malaysia and Saudi Arabia,it is common to see that restaurants have signs declaring that all food is "Halal." Also,it is seen that courts handle marriages,divorces,distribution of family assets,and business practices by the "Sharia." What are these tenets and how do they have an impact on international business?

Any Western country doing business in Malaysia or the Middle East should have an understanding of:

Only Sony can use the "Walkman" name on its line of personal stereos.This is because:

The Uniform Commercial Code (UCC)is fully adopted by all U.S.states except:

The following criminal penalties may be imposed for violations of the FCPA'S (Foreign Corrupt Practices Act)antibribery provisions except:

In a recent case,Revlon sued United Overseas Limited (UOL)in the U.S.District Court for the Southern District of New York for breach of contract.UOL countered by asking the court to dismiss the claim since they are not operating in that area.Revlon cited the presence of a UOL sign above the entrance to the offices of a New York company in which UOL had a 50-percent ownership.The court dismissed UOL's claim.This is an issue related with:

The ultimate threat a foreign government can pose toward a company is seizing assets.South Korea nationalized Kia,the nation's number three automaker,in the wake of the Asian currency crisis.How does this nationalization differ from expropriation and confiscation?

Under the Alternative Fines Act,fines imposed on individuals may not be paid by their employer or principal.

If a foreign company is taken over by the host country government,and some form of compensation is paid,"confiscation" has occurred.

Which of the following is true about protection of computer software?

Brazil is not among the emerging market countries who have signed the New York Convention.

Which of the following would constitute a copyright violation?

A patent holder retains all rights for the life of the patent even if the product is not produced or sold.

What should a U.S.company do if competitors are willing to offer a bribe for business in a foreign country?

What do value added taxes (VAT)encourage in countries such as China?

The unauthorized publication or reproduction of copyrighted work is referred to as:

Engineers at a company in a developing country study an American computer chip design,copy it,and produce identical chips that are then sold to local computer makers.What form of intellectual property has been wrongly appropriated?

A key issue is global patent protection for software.Although copyright law protects the computer code,it does not apply to the idea embodied in the software.

OPEC can be considered as a "cartel" which is a group of separate companies that collectively:

A trademark gives the inventor of a product the exclusive legal right to make,use,and sell an invention for a specific period of time.