Question 1

As China continues to free its markets in response to global pressure, the _________________ is (are) undermining its censorship policies.

Accepted Answer

A)  travel policies 
B)  Internet 
C)  education policies 
D)  manufacturing locations 
E)  outsourcing policies

Question 2

Which of the following countries has followed the rule of "first-to-invent" with respect to patent awards?

Accepted Answer

A)  United States 
B)  Japan 
C)  Britain 
D)  Germany 
E)  Canada

Question 3

International law comes from customs, national and international court decisions, and:

Accepted Answer

A)  tradition. 
B)  joint ventures. 
C)  strategic alliances. 
D)  cabals. 
E)  international treaties.

Question 4

All of the following countries believe that most disputes can be solved outside the litigation system EXCEPT:

Accepted Answer

A)  Brazil. 
B)  Japan. 
C)  China. 
D)  United States. 
E)  Taiwan.

Question 5

Civil laws regulating business contracts and transactions are usually called:

Accepted Answer

A)  business law. 
B)  code law. 
C)  confederation law. 
D)  commercial law. 
E)  contract law.

Question 6

The international treaty (convention) established in 1883 that explains international protection rights of intellectual property (such as how long one has to file for
Property protection in foreign countries) is called:

Accepted Answer

A)  the Berne Convention. 
B)  the London Convention. 
C)  the Paris Convention. 
D)  the New York Convention. 
E)  the Rome Convention.

Question 7

_____________________ may be defined as that body of rules or laws that is binding on states and other international persons in their mutual relations.

Accepted Answer

A)  Legal systems 
B)  International law (or the "law of nations") 
C)  Local law 
D)  Napoleonic code law 
E)  Civil law

Question 8

___________________ restrict all trade with a nation for political purposes.

Accepted Answer

The answer of ___________________ restrict all trade with a nation...

Question 9

________________ systems base the interpretation of law on prior court rulings (that is, legal precedents and customs of time).

Accepted Answer

A)  Common law 
B)  Code law 
C)  Written law 
D)  Islamic law 
E)  Napoleonic law

Question 10

List and briefly characterize the three main reasons why governments often want to
block or restrict trade.

Accepted Answer

The answer of List and briefly characterize the three main...

Question 11

The three main political ideologies are:

Accepted Answer

A)  Communism, capitalism and globalism 
B)  Communism, capitalism and radicalism 
C)  Communism, capitalism and modernism 
D)  Communism, capitalism and Confucianism 
E)  Communism, capitalism and socialism

Question 12

____________________ laws primarily govern behavior within a country and also govern the resolution of international contractual disputes since foreign
Subsidiaries and expatriate employees live within the legal bounds of their host
Countries' legal systems.

Accepted Answer

A)  Global 
B)  Transnational 
C)  Multinational 
D)  Local and municipal 
E)  Bi-national

Question 13

A _______________________ policy by a host government means that the foreign
company doing business within the country's borders must gradually turn over
management and operational responsibilities as well as ownership to local companies
over time.

Accepted Answer

The answer of A _______________________ policy by a host government...

Question 14

________________ refers to an economic system in which free enterprise is
permitted and encouraged along with private ownership.

Accepted Answer

The answer of ________________ refers to an economic system in...

Question 15

A _______________ country is a country in which foreign companies are allowed
to do business in accordance with its government's policies and its laws.

Accepted Answer

The answer of A _______________ country is a country in...

Question 16

The legal system that holds that law was established by God and a "natural law" embodies all justice is represented by:

Accepted Answer

A)  Common law. 
B)  Code (written) law. 
C)  Islamic law. 
D)  Germanic Confederation law. 
E)  Napoleonic law.

Question 17

MITI stands for:

Accepted Answer

A)  Ministry of International Travel & Industry. 
B)  Ministry of International Trade & Industry. 
C)  Ministry of International Tourism & Industry. 
D)  Ministry of International Testing & Industry. 
E)  Ministry of International Telegraph & Industry.

Question 18

A major objective of any state government wishing to support businesses that will be exporting or relocating to the United States (specifically, within their
State) is:

Accepted Answer

A)  job creation. 
B)  increasing the defense industry in their state. 
C)  gaining control of multinational corporations. 
D)  accumulating wealth. 
E)  opening more hotels/motels.

Question 19

A(n) _____________ country refers to a country the parent company is based in and operates from.

Accepted Answer

A)  origin 
B)  domestic 
C)  host 
D)  home 
E)  plural

Question 20

The Middle East crisis and the September 11 terrorist attacks on the United States have caused tremendous concern about the future ____________________?

Accepted Answer

A)  aluminum supply 
B)  oil supply 
C)  copper supply 
D)  food supply 
E)  none of the above

Exam 5: Political and Legal Environment

As China continues to free its markets in response to global pressure, the _________________ is (are) undermining its censorship policies.

Which of the following countries has followed the rule of "first-to-invent" with respect to patent awards?

International law comes from customs, national and international court decisions, and:

All of the following countries believe that most disputes can be solved outside the litigation system EXCEPT:

Civil laws regulating business contracts and transactions are usually called:

The international treaty (convention) established in 1883 that explains international protection rights of intellectual property (such as how long one has to file for Property protection in foreign countries) is called:

_____________________ may be defined as that body of rules or laws that is binding on states and other international persons in their mutual relations.

___________________ restrict all trade with a nation for political purposes.

________________ systems base the interpretation of law on prior court rulings (that is, legal precedents and customs of time) .

List and briefly characterize the three main reasons why governments often want to block or restrict trade.

The three main political ideologies are:

____________________ laws primarily govern behavior within a country and also govern the resolution of international contractual disputes since foreign Subsidiaries and expatriate employees live within the legal bounds of their host Countries' legal systems.

A _______________________ policy by a host government means that the foreign company doing business within the country's borders must gradually turn over management and operational responsibilities as well as ownership to local companies over time.

________________ refers to an economic system in which free enterprise is permitted and encouraged along with private ownership.

A _______________ country is a country in which foreign companies are allowed to do business in accordance with its government's policies and its laws.

The legal system that holds that law was established by God and a "natural law" embodies all justice is represented by:

MITI stands for:

A major objective of any state government wishing to support businesses that will be exporting or relocating to the United States (specifically, within their State) is:

A(n) _____________ country refers to a country the parent company is based in and operates from.

The Middle East crisis and the September 11 terrorist attacks on the United States have caused tremendous concern about the future ____________________?