Question 1

The Islamic law prohibits the payment of

Accepted Answer

A)  taxes. 
B)  profits. 
C)  interest. 
D)  equity. 
E)  leases.

Question 2

Compare and contrast "prior use" and "registration" ownership of IP rights. Give an example of each.

Accepted Answer

The answer of Compare and contrast "prior use" and "registration"...

Question 3

Code law prohibits the receipt and payment of interest on loans.

Accepted Answer

A) True 
 B)False

Question 4

________ is a nonbinding agreement between parties to resolve disputes by asking a third party to mediate differences.

Accepted Answer

A)  Litigation 
B)  Prosecution 
C)  Arbitration 
D)  Conciliation 
E)  Coercion

Question 5

Global concern for the environment includes industrial pollution, hazardous waste disposal, and rampant deforestation, but excludes issues that focus directly on consumer products.

Accepted Answer

A) True 
 B)False

Question 6

The Informed Consumer Standard is used in the consumer protection courts in Canada and it places the onus of making the right decisions on the buyer who is expected to have substantial knowledge of the industry and its products.

Accepted Answer

A) True 
 B)False

Question 7

When formal arbitration organizations receive requests for arbitration, they initially attempt to resolve the issue through

Accepted Answer

A)  coercion. 
B)  prosecution. 
C)  direct legal intervention. 
D)  litigation. 
E)  conciliation.

Question 8

What poses a major challenge to international marketers while dealing with counterfeiting?

Accepted Answer

A)  the ease with which consumers can tell the difference between real and counterfeit products 
B)  the theft of products by pirates during shipping 
C)  government regulations legitimizing counterfeiting 
D)  the collusion between contract manufacturers and illegitimate sellers 
E)  the widespread availability of duplication software

Question 9

The laws regulating direct selling in China are unusually detailed compared to others around the world.

Accepted Answer

A) True 
 B)False

Question 10

If conciliation is not used to settle a difference in an international business dispute or an agreement cannot be reached, the next step is litigation.

Accepted Answer

A) True 
 B)False

Question 11

In a typical ________ procedure, parties select a disinterested and informed party or parties to serve as a referee to determine the merits of the case and make a judgment that both parties agree to honor under the law.

Accepted Answer

A)  arbitration 
B)  informal settlement 
C)  conciliation 
D)  litigation 
E)  coercion

Question 12

The World Court can settle disputes between a company and a government.

Accepted Answer

A) True 
 B)False

Question 13

U.S. firms, their foreign subsidiaries, or foreign firms that are licensees of U.S. technology cannot sell a product to a country in which the sale is considered by the U.S. government to affect the

Accepted Answer

A)  competitive balance of world trade. 
B)  competitive balance of free competition inside the U.S. 
C)  relationship of the U.S. with the world community. 
D)  overall balance of payments of the United States. 
E)  national security of the United States.

Question 14

Arbitration clauses require agreement wherein the concerned parties agree

Accepted Answer

A)  on who is right and who is wrong. 
B)  on the validity of the litigation issues. 
C)  to abide by the awards resulting from the arbitration. 
D)  to not hire a legal counsel to represent them. 
E)  to not name the arbitrators.

Question 15

The exporter is responsible for selecting the ________ that leads to a description in the Commerce Control List (CCL) and indicates the exportability status of the item.

Accepted Answer

A)  Entity List Number 
B)  Priority Number 
C)  Export License Number 
D)  Trade Regulations Number 
E)  Export Control Classification Number

Question 16

The Export License Application and Information Network (ELAIN) is an electronic service that enables exporters to

Accepted Answer

A)  ship their goods to clients whose licenses are approved without conditions. 
B)  check the status of their license and classification applications. 
C)  submit commodity classification requests via the Internet . 
D)  submit license applications via the Internet. 
E)  submit the export and re-export applications and high-performance computer notices via the Internet.

Question 17

Code law is based upon

Accepted Answer

A)  the interpretation through the past decisions of higher courts. 
B)  the established and customary principles of law and their legal precedence. 
C)  an all-inclusive system of written rules of law. 
D)  the interpretation of the Koran. 
E)  the codes of English law that apply in all countries under English influence.

Question 18

The form of law found in Germany, France, and Japan is called civil or code law.

Accepted Answer

A) True 
 B)False

Question 19

________ law seeks "interpretation through the past decisions of higher courts which interpret the same statutes or apply established and customary principles of law to a similar set of facts."

Accepted Answer

A)  Constitutional 
B)  Family 
C)  Criminal 
D)  Civil 
E)  Common

Question 20

The revised set of export regulations published by the Department of Commerce to speed up the process of granting export licenses is the

Accepted Answer

A)  Agreement on International Trade and Negotiations. 
B)  Export-Import Manual. 
C)  International Trade Regulations. 
D)  Export Charter. 
E)  Export Administration Regulations.

Exam 7: The International Legal Environment: Playing by the Rules

The Islamic law prohibits the payment of

Compare and contrast "prior use" and "registration" ownership of IP rights. Give an example of each.

Code law prohibits the receipt and payment of interest on loans.

________ is a nonbinding agreement between parties to resolve disputes by asking a third party to mediate differences.

Global concern for the environment includes industrial pollution, hazardous waste disposal, and rampant deforestation, but excludes issues that focus directly on consumer products.

The Informed Consumer Standard is used in the consumer protection courts in Canada and it places the onus of making the right decisions on the buyer who is expected to have substantial knowledge of the industry and its products.

When formal arbitration organizations receive requests for arbitration, they initially attempt to resolve the issue through

What poses a major challenge to international marketers while dealing with counterfeiting?

The laws regulating direct selling in China are unusually detailed compared to others around the world.

If conciliation is not used to settle a difference in an international business dispute or an agreement cannot be reached, the next step is litigation.

In a typical ________ procedure, parties select a disinterested and informed party or parties to serve as a referee to determine the merits of the case and make a judgment that both parties agree to honor under the law.

The World Court can settle disputes between a company and a government.

U.S. firms, their foreign subsidiaries, or foreign firms that are licensees of U.S. technology cannot sell a product to a country in which the sale is considered by the U.S. government to affect the

Arbitration clauses require agreement wherein the concerned parties agree

The exporter is responsible for selecting the ________ that leads to a description in the Commerce Control List (CCL) and indicates the exportability status of the item.

The Export License Application and Information Network (ELAIN) is an electronic service that enables exporters to

Code law is based upon

The form of law found in Germany, France, and Japan is called civil or code law.

________ law seeks "interpretation through the past decisions of higher courts which interpret the same statutes or apply established and customary principles of law to a similar set of facts."

The revised set of export regulations published by the Department of Commerce to speed up the process of granting export licenses is the