Question 1

Patents and trademarks that are protected in one country are protected in another,so global marketers must ensure that patents and trademarks are registered.

Accepted Answer

A) True 
 B)False

Question 2

Harley-Davidson has applied for federal protection of an unusual form of intellectual property;the "soul-pleasing rumble" produced by its motorcycles.What type of protection is Harley-Davidson seeking?

Accepted Answer

A) copyright 
B) trademark 
C) license 
D) patent 
E) trade dress

Question 3

In Great Britain,the Wine and Spirit Association estimates that,on average,cars returning from France are loaded with 80 bottles of wine.This is most likely due to:

Accepted Answer

A) trademarks and copyrights violation. 
B) cross-border smuggling. 
C) bribes accepted by officers. 
D) antitrust scrutiny. 
E) high excise and VAT taxes.

Question 4

OPEC is a cartel,a group of separate companies that collectively:

Accepted Answer

A) sets prices,controls output,or takes other actions to maximize profits. 
B) dictates how other countries should use their products. 
C) produces more products in order to beat the competition. 
D) conducts activities that are considered illegal in the United States. 
E) works on forming a union against management of other companies.

Question 5

According to Transparency International's Corruption Perceptions Index scores for 2016,the country which was listed as most corrupt was:

Accepted Answer

A) Iraq. 
B) Uzbekistan. 
C) Chad. 
D) Afghanistan. 
E) Somalia.

Question 6

Which of the following statements is correct?

Accepted Answer

A) The Paris Convention protects patents;the Berne Convention protects copyrights. 
B) The Paris Convention protects copyrights;the Berne Convention protects patents. 
C) The Berne Convention and Paris Convention are different names for the same thing. 
D) Neither the Berne Convention nor the Paris Convention is concerned with intellectual property. 
E) The International Union for the Protection of Literary and Artistic Property is different from the Berne Convention.

Question 7

Which of the following actions were approved by the Antitrust Ruling in the United States?

Accepted Answer

A) acquisition of Honeywell (U.S. )by GE (U.S. ) 
B) joint venture between music businesses of EMI group (Great Britain)and Washington Post (U.S. ) 
C) merger of Sony Music (Japan)and BMG (Germany) 
D) merger of WorldCom (U.S. )and MCI (U.S. ) 
E) merger of British Airways (U.K. )and American Airlines (U.S. )

Question 8

The University of Florence in Italy was sued by a lecturer from Belgium on grounds of discrimination.The case would go on to the European Court of Justice (ECJ),which would make a ruling based on Italian laws.

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

The European Commission has jurisdiction over European-based companies as well as non-European ones that generate significant revenues in Europe.If Microsoft applies in Europe,the Commission has a right to all of the following except:

Accepted Answer

A) it can block a proposed merger. 
B) it can block a proposed joint venture. 
C) it can approve with minor modifications. 
D) it can demand substantial concessions before granting approval. 
E) it can refer serious matters to the UN Security Council.

Question 11

Counterfeiting is:

Accepted Answer

A) the use of a formal legal document for illegal purposes. 
B) the ownership of a written,recorded,performed or filmed creative work. 
C) the unauthorized copying or production of a product. 
D) the use of a product name that has different meaning than the original brand. 
E) the use of a distinctive mark of a brand that is no longer producing the original brand.

Question 12

Which of the following is true of the arbitration framework created by the New York Convention?

Accepted Answer

A) Signatory countries can require parties to an arbitration agreement to actually use arbitration. 
B) Signatory countries recognize and can enforce arbitration judgments. 
C) There are limited grounds for appealing arbitration decisions. 
D) The grounds that are recognized are different than the typical appeals that are permitted in a court of law. 
E) all of the above

Question 13

What will happen if a European Union's competition commission ruled against a company? Give examples to illustrate your point.

Accepted Answer

The answer of What will happen if a European Union's...

Question 14

The U.S.Justice Department objected to a recent patent license agreement between S.C.Johnson & Sons and Bayer AG.The antitrust unit at the Justice department objected to:

Accepted Answer

A) the duration of the license. 
B) the amount of royalties Johnson agreed to pay. 
C) Bayer's attempts to circumvent FDA policies. 
D) the exclusive nature of the license agreement. 
E) the hostile arrangement between Bayer and Johnson.

Question 15

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

Accepted Answer

A) 10 
B) 17 
C) 20 
D) 27 
E) 30

Question 16

A proposed merger between two Swiss-based global pharmaceutical companies,Ciba-Geigy AG and Sandoz AG,would be subject to review by regulators from which of the following?

Accepted Answer

A) European Commission 
B) UN Conference on International Trade Law 
C) International Chamber of Commerce 
D) International Court of Justice 
E) none of the above

Question 17

Terms like crony capitalism and kleptocracy refer to rampant corruption and bribery within capitalism.

Accepted Answer

A) True 
 B)False

Question 18

A company stands a better chance of having an international arbitration decision upheld if its home-country government has signed:

Accepted Answer

A) the Paris Convention. 
B) the Prague Convention. 
C) the New York Convention. 
D) the Vienna Convention. 
E) the Geneva Convention.

Question 19

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

Accepted Answer

A) Trade secrets,patents,and copyrights are protected by federal statutes. 
B) Trade secrets,patents,and copyrights are protected by state law. 
C) Trade secrets are protected by state law,while patents and copyrights are protected by federal statutes. 
D) Trade secrets are protected by federal statutes,while patents and copyrights are protected by state law. 
E) Trade secrets,patents,and copyrights are not protected by any laws.

Question 20

The TRIPs agreement requires signatory countries to protect against acquisition,disclosure,or use of trade secrets "in a manner contrary to honest commercial practices."

Accepted Answer

A) True 
 B)False

Exam 5: The Political,legal,and Regulatory Environments

Patents and trademarks that are protected in one country are protected in another,so global marketers must ensure that patents and trademarks are registered.

Harley-Davidson has applied for federal protection of an unusual form of intellectual property;the "soul-pleasing rumble" produced by its motorcycles.What type of protection is Harley-Davidson seeking?

In Great Britain,the Wine and Spirit Association estimates that,on average,cars returning from France are loaded with 80 bottles of wine.This is most likely due to:

OPEC is a cartel,a group of separate companies that collectively:

According to Transparency International's Corruption Perceptions Index scores for 2016,the country which was listed as most corrupt was:

Which of the following statements is correct?

Which of the following actions were approved by the Antitrust Ruling in the United States?

The University of Florence in Italy was sued by a lecturer from Belgium on grounds of discrimination.The case would go on to the European Court of Justice (ECJ),which would make a ruling based on Italian laws.

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

The European Commission has jurisdiction over European-based companies as well as non-European ones that generate significant revenues in Europe.If Microsoft applies in Europe,the Commission has a right to all of the following except:

Counterfeiting is:

Which of the following is true of the arbitration framework created by the New York Convention?

What will happen if a European Union's competition commission ruled against a company? Give examples to illustrate your point.

The U.S.Justice Department objected to a recent patent license agreement between S.C.Johnson & Sons and Bayer AG.The antitrust unit at the Justice department objected to:

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

A proposed merger between two Swiss-based global pharmaceutical companies,Ciba-Geigy AG and Sandoz AG,would be subject to review by regulators from which of the following?

Terms like crony capitalism and kleptocracy refer to rampant corruption and bribery within capitalism.

A company stands a better chance of having an international arbitration decision upheld if its home-country government has signed:

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

The TRIPs agreement requires signatory countries to protect against acquisition,disclosure,or use of trade secrets "in a manner contrary to honest commercial practices."