Question 1

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

Accepted Answer

The answer of What should a U.S.company do if competitors...

Question 2

Which of the following would constitute a copyright violation?

Accepted Answer

A) manufacturing and selling illegal videocassette copies of "Spiderman" 
B) manufacturing and selling illegal copies of Levi jeans 
C) printing and selling illegal copies of Harry Potter books 
D) A,B,and C are copyright violations. 
E) A and B are copyright violations.

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

In December 2012,U.S.President Barack Obama signed the Russia and Moldova Jackson-Vanik Repeal and Sergei Magnitsky Rule of Law Accountability Act.What does this law entail and how does it affect Russia-U.S.relations?

Accepted Answer

The answer of In December 2012,U.S.President Barack Obama signed the...

Question 5

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.

Accepted Answer

A) True 
 B)False

Question 6

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?

Accepted Answer

A) American Arbitration Association can be sought for justice. 
B) UN Conference on International Trade Law can be approached. 
C) International Chamber of Commerce will be another source for seeking justice. 
D) European Court of Justice can be approached if the country is in the European Union. 
E) The plaintiff nation can seek recourse through the United Nations Security Council.

Question 7

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

Accepted Answer

A) They make trademarks and copyrights more valuable. 
B) They result in cross-border shopping. 
C) They make it harder to bribe officials. 
D) They protect companies from antitrust scrutiny. 
E) Global companies refrain from offering bribes.

Question 8

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

Accepted Answer

A) corporations are subject to a fine of up to $2,000,000. 
B) officers,directors,stockholders,employees,and agents are subject to a fine of up to $100,000. 
C) fines imposed on individuals can be paid by their employer or principal. 
D) the fines may be much higher,up to twice the benefit sought by the defendant. 
E) in addition to fines,there may be imprisonment for up to five years.

Question 9

A recent rash of antitrust actions brought in the United States against foreign companies has raised concerns that the United States is violating international law as well as the sovereignty of other nations.

Accepted Answer

A) True 
 B)False

Question 10

Categories of political risk listed by EIU (Economist Intelligence Unit)include all of the following except:

Accepted Answer

A) war. 
B) social injustice. 
C) politically motivated violence. 
D) international disputes. 
E) corruption.

Question 11

Uber's rapid growth is an example that ________ is gaining traction.

Accepted Answer

A) digital technology 
B) collaborative consumption 
C) ride sharing 
D) transport convenience 
E) tourism

Question 12

Various types of political risk insurance to U.S.companies is provided by:

Accepted Answer

A) BERI (Business Environment Risk Intelligence). 
B) PRS Group. 
C) EIU (Economist Intelligence Unit). 
D) WTO (World Trade Organization). 
E) OPIC (Overseas Private Investment Corporation).

Question 13

Which of the following is true about revised U.S.patent laws?

Accepted Answer

A) Patents are valid for 17 years after the patent is granted. 
B) Patents are valid for 17 years after the patent is filed. 
C) Patents are valid for 20 years after the patent is granted. 
D) Patents are valid for 20 years after the filing date of the application. 
E) Patents are valid as long as the product is manufactured.

Question 14

The guidelines of Hadith in Islamic law spells out the products and practices that are haram (forbidden).

Accepted Answer

A) True 
 B)False

Question 15

As the ruble's value fell through most of 2014,European firms began to feel the effects.

Accepted Answer

A) True 
 B)False

Question 16

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?

Accepted Answer

The answer of Nippon Paper Industries was found guilty in...

Question 17

Bureaucracy is listed as a political risk category by:

Accepted Answer

A) BERI. 
B) PRS. 
C) EIU. 
D) WTO. 
E) OPIC.

Question 18

In West Africa,Burkina Faso,the Ivory Coast and Senegal are former French colonies,while Nigeria,Sierra Leone,and Ghana are former British colonies.Based on this information,which of the following would be correct?

Accepted Answer

A) Burkina Faso,the Ivory Coast and Senegal are civil-code countries,while Nigeria,Sierra Leone,and Ghana are common-law countries. 
B) Burkina Faso,the Ivory Coast and Senegal are common-law countries,while Nigeria,Sierra Leone,and Ghana are civil-code countries. 
C) West Africa,the Ivory Coast and Senegal are the only common-law countries. 
D) All the West African nations mentioned are likely to be civil-code countries. 
E) All the West African nations mentioned are likely to be common-law countries.

Question 19

What type of international disputes would be taken before the International Court of Justice?

Accepted Answer

A) disputes between two nations 
B) disputes between two companies 
C) disputes between a company and a nation 
D) disputes between a citizen of one country and a company from a different country 
E) disputes between profit and non-profit organizations

Question 20

"Sharia" and "haram" are important concepts in civil-code laws,which are commonly practiced in Middle Eastern countries.

Accepted Answer

A) True 
 B)False

Exam 5: The Political,legal,and Regulatory Environments

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

Which of the following would constitute a copyright violation?

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

In December 2012,U.S.President Barack Obama signed the Russia and Moldova Jackson-Vanik Repeal and Sergei Magnitsky Rule of Law Accountability Act.What does this law entail and how does it affect Russia-U.S.relations?

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.

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?

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

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

A recent rash of antitrust actions brought in the United States against foreign companies has raised concerns that the United States is violating international law as well as the sovereignty of other nations.

Categories of political risk listed by EIU (Economist Intelligence Unit) include all of the following except:

Uber's rapid growth is an example that ________ is gaining traction.

Various types of political risk insurance to U.S.companies is provided by:

Which of the following is true about revised U.S.patent laws?

The guidelines of Hadith in Islamic law spells out the products and practices that are haram (forbidden).

As the ruble's value fell through most of 2014,European firms began to feel the effects.

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?

Bureaucracy is listed as a political risk category by:

In West Africa,Burkina Faso,the Ivory Coast and Senegal are former French colonies,while Nigeria,Sierra Leone,and Ghana are former British colonies.Based on this information,which of the following would be correct?

What type of international disputes would be taken before the International Court of Justice?

"Sharia" and "haram" are important concepts in civil-code laws,which are commonly practiced in Middle Eastern countries.