Question 1

Which of the following actions were approved both by the Antitrust Review in the EU as well as 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 Time Warner (U.S.) 
C)  merger of Sony Music (Japan) and BMG (Germany) 
D)  merger of WorldCom (U.S.) and MCI (U.S.) 
E)  British Airways (U.K.) and American Airlines (U.S.)

Question 2

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 3

Despite the positive publicity,the phrases used to describe the arbitrary exercise of state power in Russia include all of the following except:

Accepted Answer

A)  state capitalism. 
B)  political culture. 
C)  renationalization. 
D)  kleptocracy. 
E)  managed democracy.

Question 4

OPEC can be considered as a "cartel" which is 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

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 6

For years,Coca-Cola Corporation did not enter India since the government wanted some kind of disclosure of their trade secrets.Why are the trade secrets so important and what happens if a licensee or a government gains access to the licensor's trade secret?

Accepted Answer

The answer of For years,Coca-Cola Corporation did not enter India...

Question 7

In December 2012,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.relationship?

Accepted Answer

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

Question 8

As part of their alliance relationship,Northwest Airlines and KLM Royal Dutch set air fare prices jointly and coordinate flight schedules.Normally,such behavior would be considered harmful to competition,but the U.S.government has granted the two airlines special exemptions from laws concerning:

Accepted Answer

A)  intellectual property. 
B)  antitrust. 
C)  jurisdiction. 
D)  licensing. 
E)  arbitration.

Question 9

In 2005,representatives from several wine regions in the United States and the EU signed a Joint Declaration to Protect Wine Place & Origin.In addition,a Wine Accord signed by the United States and EU bans the:

Accepted Answer

A)  use of alcohol in public places. 
B)  purchase of wine from country of origin. 
C)  misuse of place names by marketers of wine products that do not originate in those places. 
D)  misuse of labels which does not include the origin of ingredients. 
E)  use of word "champagne" on wine made in the United States.

Question 10

The company receiving the most U.S.patents for the year 2009 is:

Accepted Answer

A)  Microsoft. 
B)  Panasonic. 
C)  IBM. 
D)  Toshiba. 
E)  Intel.

Exam 5: The Political, Legal, and Regulatory Environments