Question 1

Governments can use nontariff barriers to give local industries a competitive advantage.

Accepted Answer

A) True 
 B)False

Question 2

Only approximately 50 nations have become parties to the Convention on the Settlement of Investment Disputes Between States and Nationals of Other States,which offers conciliation and arbitration for investment disputes to promote increased international investment.

Accepted Answer

A) True 
 B)False

Question 3

Under the provisions of the Foreign Sovereign Immunities Act:

Accepted Answer

A) all foreign governments are immune from suit by U.S. citizens. 
B) U.S. citizens in U.S. courts can always sue most foreign governments. 
C) a car used by a foreign embassy in Washington can be seized to settle a judgment against a driver. 
D) U.S. courts may take jurisdiction in a suit against a foreign country for commercial acts by that government that have a direct effect on the United States.

Question 4

Match each statement with the correct term below.
-proxy

Accepted Answer

A) Conclusively presumed unreasonable and therefore illegal. 
B) Acquisition by one company of a competing company. 
C) Closed a loophole in the Copyright Act and clarified when Internet users can distribute copyrighted works. 
D) Plan detailing how a state will implement and maintian EPA air quality standards within its borders. 
E) An illegal form of discrimination that includes unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature.
F)Governmental taking of foreign-owned property for a public purpose with just payment.
G)Includes any note, stock, bond, preorganization subscription, and investment contract (any investment of money or property made in expectation of receiving a financial return solely from the efforts of others).
H)A signed writing by a shareholder authorizing a named person to vote her stock at a specified meeting of shareholders.
I)A general invitation to all shareholders to purchase their shares at a specified price for a specified time.
J)Not recognized by the common law or federal law, although some states have adopted statutes granting some form of this.
K)Intentional and knowing conduct.
L)Any credit transaction involving goods, services, or land for personal, household, or family purposes.
M)Governs contracts for international sales of goods between parties located in different nations that have ratified the treaty.
N)Rule that a court should not question the validity of actions taken by a foreign government in its own country.
O)Superfund; establishes the National Contingency Plan for responding to releases of hazardous substances and a trust fund to pay for removal and cleanup of hazardous waste.
P)Foreign country's freedom from a host country's laws.
Q)Any business that engages in transactions involving the movement of goods, information, money, people, or services across national borders.
R)Agreement among parties not to deal with a third party.
S)Similar patterns of conduct among competitors.
T)Exclusive right, usually for the author's life plus 70 years, to original works of authorship.
U)The judicial branch of the United Nations; has voluntary jurisdiction over nations.

Question 5

The seller contracts directly with the buyer in the other country under a:

Accepted Answer

A) multilateral trade agreement. 
B) direct export sale. 
C) flow of trade. 
D) None of the above.

Question 6

Discuss how an owner of intellectual property protects those rights in other countries.

Accepted Answer

The answer of Discuss how an owner of intellectual property...

Question 7

Match each statement with the correct term below.
-International Court of Justice

Accepted Answer

A) Conclusively presumed unreasonable and therefore illegal. 
B) Acquisition by one company of a competing company. 
C) Closed a loophole in the Copyright Act and clarified when Internet users can distribute copyrighted works. 
D) Plan detailing how a state will implement and maintian EPA air quality standards within its borders. 
E) An illegal form of discrimination that includes unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature.
F)Governmental taking of foreign-owned property for a public purpose with just payment.
G)Includes any note, stock, bond, preorganization subscription, and investment contract (any investment of money or property made in expectation of receiving a financial return solely from the efforts of others).
H)A signed writing by a shareholder authorizing a named person to vote her stock at a specified meeting of shareholders.
I)A general invitation to all shareholders to purchase their shares at a specified price for a specified time.
J)Not recognized by the common law or federal law, although some states have adopted statutes granting some form of this.
K)Intentional and knowing conduct.
L)Any credit transaction involving goods, services, or land for personal, household, or family purposes.
M)Governs contracts for international sales of goods between parties located in different nations that have ratified the treaty.
N)Rule that a court should not question the validity of actions taken by a foreign government in its own country.
O)Superfund; establishes the National Contingency Plan for responding to releases of hazardous substances and a trust fund to pay for removal and cleanup of hazardous waste.
P)Foreign country's freedom from a host country's laws.
Q)Any business that engages in transactions involving the movement of goods, information, money, people, or services across national borders.
R)Agreement among parties not to deal with a third party.
S)Similar patterns of conduct among competitors.
T)Exclusive right, usually for the author's life plus 70 years, to original works of authorship.
U)The judicial branch of the United Nations; has voluntary jurisdiction over nations.

Question 8

Match each statement with the correct term below.
-security

Accepted Answer

A) Conclusively presumed unreasonable and therefore illegal. 
B) Acquisition by one company of a competing company. 
C) Closed a loophole in the Copyright Act and clarified when Internet users can distribute copyrighted works. 
D) Plan detailing how a state will implement and maintian EPA air quality standards within its borders. 
E) An illegal form of discrimination that includes unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature.
F)Governmental taking of foreign-owned property for a public purpose with just payment.
G)Includes any note, stock, bond, preorganization subscription, and investment contract (any investment of money or property made in expectation of receiving a financial return solely from the efforts of others).
H)A signed writing by a shareholder authorizing a named person to vote her stock at a specified meeting of shareholders.
I)A general invitation to all shareholders to purchase their shares at a specified price for a specified time.
J)Not recognized by the common law or federal law, although some states have adopted statutes granting some form of this.
K)Intentional and knowing conduct.
L)Any credit transaction involving goods, services, or land for personal, household, or family purposes.
M)Governs contracts for international sales of goods between parties located in different nations that have ratified the treaty.
N)Rule that a court should not question the validity of actions taken by a foreign government in its own country.
O)Superfund; establishes the National Contingency Plan for responding to releases of hazardous substances and a trust fund to pay for removal and cleanup of hazardous waste.
P)Foreign country's freedom from a host country's laws.
Q)Any business that engages in transactions involving the movement of goods, information, money, people, or services across national borders.
R)Agreement among parties not to deal with a third party.
S)Similar patterns of conduct among competitors.
T)Exclusive right, usually for the author's life plus 70 years, to original works of authorship.
U)The judicial branch of the United Nations; has voluntary jurisdiction over nations.

Question 9

The U.N.Commission on International Trade Law develops model laws,such as the CISG and the UNCITRAL Model Law on Electronic Signatures.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is true with regard to securities regulation in foreign markets?

Accepted Answer

A) Anti-fraud provisions apply where there is conduct in the U.S. relating to a violation of the federal securities laws. 
B) Foreign issuers who issue securities must register them in the U.S. unless an exemption is available. 
C) No specific regulations are allowed because of the act of state of doctrine. 
D) None of the above.

Question 11

The U.S.and the government of San Sebastian broke off diplomatic relations in a dispute over fishing rights.The U.S.blocked exports to San Sebastian.San Sebastian in turn seized and expropriated the assets of several U.S.companies located within the country.One of the companies,Continental Coffee,sued the U.S.government and the government of San Sebastian charging violation of the U.S.Constitution on the grounds of deprivation of property without due process of law.How will the company fare in its case against the U.S.? against San Sebastian? Explain your answer,providing reasons for your decision.

Accepted Answer

The answer of The U.S.and the government of San Sebastian...

Question 12

Because there is no international currency,nations have sought to ease the flow of capital between them.

Accepted Answer

A) True 
 B)False

Question 13

In international business transactions,a documentary letter of credit:

Accepted Answer

A) is a method of payment for goods that reduces the seller's risk from the possibility that the goods will be shipped, but not paid for. 
B) is a type of bill of lading. 
C) is a guarantee by the seller's bank that it will pay the price of the exported goods if the seller breaches the contract. 
D) All of the above.

Question 14

How is "sovereign immunity" interpreted under U.S.law today?

Accepted Answer

A) It gives absolute immunity to a foreign nation from all U.S. laws. 
B) It gives immunity to foreign governments for commercial activity carried on in the U.S. by the foreign government. 
C) It exempts the public acts of a foreign government, such as those involving diplomatic activity, from all U.S. laws. 
D) All of the above.

Question 15

A clause apportioning the liability and responsibilities of the parties in the event of an unforeseeable occurrence,such as a typhoon,tornado,or other disaster is a(n):

Accepted Answer

A) act of state clause. 
B) OPIC clause. 
C) letter of credit. 
D) force majeure clause.

Question 16

An expropriation,or nationalization,occurs when a government seizes foreign-owned property or assets for a public purpose and pays the owner just compensation for what is taken.

Accepted Answer

A) True 
 B)False

Question 17

Match each statement with the correct term below.
-illegal per se

Accepted Answer

A) Conclusively presumed unreasonable and therefore illegal. 
B) Acquisition by one company of a competing company. 
C) Closed a loophole in the Copyright Act and clarified when Internet users can distribute copyrighted works. 
D) Plan detailing how a state will implement and maintian EPA air quality standards within its borders. 
E) An illegal form of discrimination that includes unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature.
F)Governmental taking of foreign-owned property for a public purpose with just payment.
G)Includes any note, stock, bond, preorganization subscription, and investment contract (any investment of money or property made in expectation of receiving a financial return solely from the efforts of others).
H)A signed writing by a shareholder authorizing a named person to vote her stock at a specified meeting of shareholders.
I)A general invitation to all shareholders to purchase their shares at a specified price for a specified time.
J)Not recognized by the common law or federal law, although some states have adopted statutes granting some form of this.
K)Intentional and knowing conduct.
L)Any credit transaction involving goods, services, or land for personal, household, or family purposes.
M)Governs contracts for international sales of goods between parties located in different nations that have ratified the treaty.
N)Rule that a court should not question the validity of actions taken by a foreign government in its own country.
O)Superfund; establishes the National Contingency Plan for responding to releases of hazardous substances and a trust fund to pay for removal and cleanup of hazardous waste.
P)Foreign country's freedom from a host country's laws.
Q)Any business that engages in transactions involving the movement of goods, information, money, people, or services across national borders.
R)Agreement among parties not to deal with a third party.
S)Similar patterns of conduct among competitors.
T)Exclusive right, usually for the author's life plus 70 years, to original works of authorship.
U)The judicial branch of the United Nations; has voluntary jurisdiction over nations.

Question 18

Title VII of the Civil Rights Act of 1964,the Americans with Disabilities Act,and the Age Discrimination in Employment Act apply to U.S.citizens employed abroad by U.S.employers or by foreign companies controlled by U.S.employers.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following is an objective of the North American Free Trade Agreement (NAFTA)?

Accepted Answer

A) Create trade barriers to the movement of goods and services across the borders. 
B) Promote conditions of fair competition in the free trade area. 
C) Decrease investment opportunities in the area. 
D) Provide adequate and effective enforcement of all types of property rights.

Question 20

Match each statement with the correct term below.
-consumer credit

Accepted Answer

A) Conclusively presumed unreasonable and therefore illegal. 
B) Acquisition by one company of a competing company. 
C) Closed a loophole in the Copyright Act and clarified when Internet users can distribute copyrighted works. 
D) Plan detailing how a state will implement and maintian EPA air quality standards within its borders. 
E) An illegal form of discrimination that includes unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature.
F)Governmental taking of foreign-owned property for a public purpose with just payment.
G)Includes any note, stock, bond, preorganization subscription, and investment contract (any investment of money or property made in expectation of receiving a financial return solely from the efforts of others).
H)A signed writing by a shareholder authorizing a named person to vote her stock at a specified meeting of shareholders.
I)A general invitation to all shareholders to purchase their shares at a specified price for a specified time.
J)Not recognized by the common law or federal law, although some states have adopted statutes granting some form of this.
K)Intentional and knowing conduct.
L)Any credit transaction involving goods, services, or land for personal, household, or family purposes.
M)Governs contracts for international sales of goods between parties located in different nations that have ratified the treaty.
N)Rule that a court should not question the validity of actions taken by a foreign government in its own country.
O)Superfund; establishes the National Contingency Plan for responding to releases of hazardous substances and a trust fund to pay for removal and cleanup of hazardous waste.
P)Foreign country's freedom from a host country's laws.
Q)Any business that engages in transactions involving the movement of goods, information, money, people, or services across national borders.
R)Agreement among parties not to deal with a third party.
S)Similar patterns of conduct among competitors.
T)Exclusive right, usually for the author's life plus 70 years, to original works of authorship.
U)The judicial branch of the United Nations; has voluntary jurisdiction over nations.

Exam 46: International Business Law

Governments can use nontariff barriers to give local industries a competitive advantage.

Only approximately 50 nations have become parties to the Convention on the Settlement of Investment Disputes Between States and Nationals of Other States,which offers conciliation and arbitration for investment disputes to promote increased international investment.

Under the provisions of the Foreign Sovereign Immunities Act:

Match each statement with the correct term below. -proxy

The seller contracts directly with the buyer in the other country under a:

Discuss how an owner of intellectual property protects those rights in other countries.

Match each statement with the correct term below. -International Court of Justice

Match each statement with the correct term below. -security

The U.N.Commission on International Trade Law develops model laws,such as the CISG and the UNCITRAL Model Law on Electronic Signatures.

Which of the following is true with regard to securities regulation in foreign markets?

Because there is no international currency,nations have sought to ease the flow of capital between them.

In international business transactions,a documentary letter of credit:

How is "sovereign immunity" interpreted under U.S.law today?

A clause apportioning the liability and responsibilities of the parties in the event of an unforeseeable occurrence,such as a typhoon,tornado,or other disaster is a(n) :

An expropriation,or nationalization,occurs when a government seizes foreign-owned property or assets for a public purpose and pays the owner just compensation for what is taken.

Match each statement with the correct term below. -illegal per se

Title VII of the Civil Rights Act of 1964,the Americans with Disabilities Act,and the Age Discrimination in Employment Act apply to U.S.citizens employed abroad by U.S.employers or by foreign companies controlled by U.S.employers.

Which of the following is an objective of the North American Free Trade Agreement (NAFTA) ?

Match each statement with the correct term below. -consumer credit