Question 1

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 2

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

Accepted Answer

A) True 
 B)False

Question 3

In many parts of the world, sales of unauthorized videos of Hollywood movies cost the movie studios billions of dollars. When illegal copies of movies are made, what form of intellectual property has been wrongly appropriated?

Accepted Answer

A) patent 
B) copyright 
C) trademark 
D) trade secrets 
E) down loading

Question 4

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

Accepted Answer

The answer of In Malaysia and Saudi Arabia, it is...

Question 5

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?

Accepted Answer

A) patent 
B) copyright 
C) trademark 
D) trade secrets 
E) technological

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

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 8

Some legal experts believe that the pressures of global competition have resulted in an increased incidence of price-fixing and collusion among companies.

Accepted Answer

A) True 
 B)False

Question 9

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 10

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 11

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

Accepted Answer

A) True 
 B)False

Question 12

All of the following statements are true regarding services provided by Uber except:

Accepted Answer

A) in Brussels, a court fines drivers who use the service 
B) in London and other major cities, drivers have staged demonstrations claiming unfair competition. 
C) regulators in Germany succeeded in obtaining a temporary injunction banning the service. 
D) Uber was banned in the Delhi region after a driver was accused of sexually assaulting a female passenger. 
E) Uber is considered as an "information-society service" in 250 cities where it operates.

Question 13

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 and smuggling. 
C) They make it harder to bribe officials. 
D) They protect companies from antitrust scrutiny. 
E) Global companies refrain from offering bribes.

Question 14

After Fidel Castro took power in Cuba in 1959, his government seized control of American property without paying compensation. Coca-Cola, DuPont, Texaco, and dozens of other American companies have filed claims against Cuba seeking financial settlements. Which of the following terms most specifically describes the action Castro took against these companies?

Accepted Answer

A) nationalization 
B) confiscation 
C) expropriation 
D) internationalization 
E) deportation

Exam 5: The Political, Legal, and Regulatory Environments

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?

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

In many parts of the world, sales of unauthorized videos of Hollywood movies cost the movie studios billions of dollars. When illegal copies of movies are made, what form of intellectual property has been wrongly appropriated?

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?

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

Which of the following statements is correct?

Some legal experts believe that the pressures of global competition have resulted in an increased incidence of price-fixing and collusion among companies.

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

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:

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

All of the following statements are true regarding services provided by Uber except:

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