Question 1

Which of the following is true with regard to the Internet?

Accepted Answer

A)  The Internet is strongly restricted by global and national boundaries. 
B)  The existing cyberlaws incorporate the uniqueness of the Internet successfully. 
C)  The dynamics of cross-border transactions, censorship, and piracy have been curtailed successfully with cyberlaws. 
D)  The individual-country laws, which may or may not include private protection, are used in the absence of uniform and internationally accepted cyberlaws. 
E)  The taxes are collected by transporting services like FedEx in sale of goods using the Internet site as a platform to consumers in another country.

Question 2

The revised set of export regulations published by the Department of Commerce to alleviate many of the problems and confusions of exporting and to expedite the process is called _____.

Accepted Answer

A)  Agreement on International Trade and Negotiations 
B)  Export-Import Manual 
C)  International Trade Regulations 
D)  Export Charter 
E)  Export Administration Regulations

Question 3

When dealing with foreign countries, a marketer should refer to "international commercial law" for guidance.

Accepted Answer

A) True 
 B)False

Question 4

The General Agreement on Tariffs and Trade is the most comprehensive multilateral agreement on intellectual property to date.

Accepted Answer

A) True 
 B)False

Question 5

The form of law found in Germany, France, and Japan is called civil or code law.

Accepted Answer

A) True 
 B)False

Question 6

Islamic law is also known as the _____.

Accepted Answer

A)  Ulema 
B)  Umrah 
C)  Zakat 
D)  Shari'ah 
E)  Barakah

Question 7

Which of the following commonly counterfeited products has the potential for doing the greatest harm to the consuming public?

Accepted Answer

A)  Toys 
B)  CDs 
C)  Pharmaceuticals 
D)  Software 
E)  Clothing

Question 8

Which of the following is true of arbitration?

Accepted Answer

A)  Lawsuits are initiated between the conflicting parties. 
B)  Preliminary step of conciliation is often bypassed. 
C)  International Chamber of Commerce has been weak and ineffective. 
D)  Plaintiff and the defendant select a person each to present their case. 
E)  ICC Court does not appoint any member to regulate the private affairs of the two parties.

Question 9

In the United States, a patent reverts to public domain if it is not produced within a specified period.

Accepted Answer

A) True 
 B)False

Question 10

Ralph Richards has been attempting to solve a problem that his company has with a contract default by the Dutch government. He has tried conciliation but the two parties did not find any common ground on which they could begin a fruitful negotiation for settlement. Which of the following is likely to be the course of action that both the parties will try next?

Accepted Answer

A)  Mediation 
B)  Informal settlement 
C)  Arbitration 
D)  Litigation 
E)  Coercion

Question 11

What are the four forms of law and what are the heritages linked to these forms of law?

Accepted Answer

The answer of What are the four forms of law...

Question 12

_____ buy and register descriptive nouns, geographic names, names of ethnic groups and pharmaceutical substances, and other similar descriptors and hold them until they can be sold at an inflated price.

Accepted Answer

A)  Patent trolls 
B)  Server farms 
C)  Domain name registries 
D)  Cybersquatters 
E)  Universal resource locators

Question 13

The World Court can adjudicate disputes between _____.

Accepted Answer

A)  governments 
B)  a company and a government 
C)  two companies 
D)  a citizen and a government 
E)  trade associations of two countries

Question 14

Which of the following is the final step in an international commercial dispute when all the other methods have failed?

Accepted Answer

A)  Conciliation 
B)  Encouraging one's government to force the other party to comply 
C)  Restarting the arbitration process 
D)  Litigation 
E)  Coercion

Question 15

Code law is based upon _____.

Accepted Answer

A)  the interpretation through the past decisions of higher courts 
B)  the established and customary principles of law and their legal precedence 
C)  an all-inclusive system of written rules of law 
D)  the interpretation of the Koran 
E)  the codes of English law that apply in all countries under English influence

Question 16

Describe how countries are facing the threat of environmental issues through green marketing legislation.

Accepted Answer

The answer of Describe how countries are facing the threat...

Question 17

U.S. firms, their foreign subsidiaries, or foreign firms that are licensees of U.S. technology cannot sell a product to a country in which the sale is considered by the U.S. government to affect:

Accepted Answer

A)  the competitive balance of world trade. 
B)  the competitive balance of free competition inside the U.S. 
C)  the relationship of the U.S. with the world community. 
D)  the overall balance of payments of the United States. 
E)  the national security of the United States.

Question 18

Disputes relating to commercial transactions must be settled in courts and cannot be settled informally.

Accepted Answer

A) True 
 B)False

Question 19

In many code-law countries, ownership of intellectual property rights is established by registration rather than by prior use.

Accepted Answer

A) True 
 B)False

Question 20

Identify the method that accounts for the majority of resolutions in international commercial transaction disputes.

Accepted Answer

A)  Criminal suits 
B)  Conciliation 
C)  Arbitration 
D)  Litigation 
E)  Coercion

Exam 7: The International Legal Environment: Playing by the Rules

Which of the following is true with regard to the Internet?

The revised set of export regulations published by the Department of Commerce to alleviate many of the problems and confusions of exporting and to expedite the process is called _____.

When dealing with foreign countries, a marketer should refer to "international commercial law" for guidance.

The General Agreement on Tariffs and Trade is the most comprehensive multilateral agreement on intellectual property to date.

The form of law found in Germany, France, and Japan is called civil or code law.

Islamic law is also known as the _____.

Which of the following commonly counterfeited products has the potential for doing the greatest harm to the consuming public?

Which of the following is true of arbitration?

In the United States, a patent reverts to public domain if it is not produced within a specified period.

What are the four forms of law and what are the heritages linked to these forms of law?

_____ buy and register descriptive nouns, geographic names, names of ethnic groups and pharmaceutical substances, and other similar descriptors and hold them until they can be sold at an inflated price.

The World Court can adjudicate disputes between _____.

Which of the following is the final step in an international commercial dispute when all the other methods have failed?

Code law is based upon _____.

Describe how countries are facing the threat of environmental issues through green marketing legislation.

U.S. firms, their foreign subsidiaries, or foreign firms that are licensees of U.S. technology cannot sell a product to a country in which the sale is considered by the U.S. government to affect:

Disputes relating to commercial transactions must be settled in courts and cannot be settled informally.

In many code-law countries, ownership of intellectual property rights is established by registration rather than by prior use.

Identify the method that accounts for the majority of resolutions in international commercial transaction disputes.