Exam 5: Political and Legal Environment

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The ____________________ antitrust laws are applied not only to _______________ -member country companies but also to foreign companies as long as their corporate Action has antitrust implications within the _____________.

(Multiple Choice)
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The "buy domestic" policy orientation is not limited to the United States.

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

(True/False)
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Export license requirements are supply-based trade controls.

(True/False)
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Trade controls can be broken into two categories---economic trade controls and:

(Multiple Choice)
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In the United States, ITA stands for:

(Multiple Choice)
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According to the PRS Group's 2005 International Country Risk Rating, which of the following countries has the HIGHEST risk rating?

(Multiple Choice)
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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 _____________________.

(Multiple Choice)
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The United States maintains an economic embargo on Nicaragua.

(True/False)
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All of the following are members of the G-7 (Group of Seven) EXCEPT:

(Multiple Choice)
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The U.S. government accounts for a ______________ of the total U.S. consumption.

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

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

(Multiple Choice)
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A host country refers to a country the parent company is based in and operates from.

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

(True/False)
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The government in each country determines which industries will receive:

(Multiple Choice)
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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 Europe, Airbus Industries was established with joint government subsidies from the governments of __________________________________________________.

(Multiple Choice)
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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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The __________________ encourages firms to join forces to improve their export performance by exempting them from antitrust laws. This act was patterned After similar legislation in Japan and Germany.

(Multiple Choice)
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