Question 1

To restrict or encourage exports,Congress can set quotas on various items,such as grain being sold abroad.

Accepted Answer

A) True 
 B)False

Question 2

A foreign citizen can bring a civil suit in a U.S.court for a violation of an international tort law.

Accepted Answer

A) True 
 B)False

Question 3

World Media,Inc. ,a U.S.firm,expands into international markets through a joint venture.In the venture,World Media shares responsibilities

Accepted Answer

A)  both the profits and liabilities.
B)  none of the profits or liabilities.
C)  the profits,but not the liabilities.
D)  the liabilities,but not the profits.E) A) and B)
F) B) and D)

Question 4

The government of Korea sets a limit on the amount of rice that can be imported from the United States.This is

Accepted Answer

A)  a dumping duty.
B)  an antidumping duty.
C)  a quota.
D)  a tariff.E) A) and B)
F) A) and C)

Question 5

In the global environment of business,the law of a particular nation,such as Germany,China,or the United States,is classified as

Accepted Answer

A)  space law.
B)  global law.
C)  international law.
D)  national law.E) All of the above
F) A) and C)

Question 6

The management of Sport Shoes Corporation,a U.S.firm,wants to expand into foreign investment and employment markets.They are considering either opening their own production facility in a foreign country or entering into a licensing agreement with a foreign firm.What are the advantages and disadvantages of each of these courses of action?

Accepted Answer

One of the advantages of opening a wholl...

Question 7

Confiscation occurs when a government seizes private property for an illegal purpose or without just compensation.

Accepted Answer

A) True 
 B)False

Question 8

The United States taxes each barrel of imported oil at a flat rate.This is

Accepted Answer

A)  an antidumping duty.
B)  a dumping duty.
C)  a quota.
D)  a tariff.E) C) and D)
F) B) and C)

Question 9

Minerals Mining Company,a U.S.firm,owns property in Bolivia.The government of Bolivia seizes the property for an illegal purpose without paying just compensation.This is

Accepted Answer

A)  confiscation.
B)  defalcation.
C)  dumping.
D)  expropriation.E) B) and C)
F) None of the above

Question 10

Franchising is a form of licensing.

Accepted Answer

A) True 
 B)False

Question 11

U.S.laws that prohibit discrimination in employment apply to U.S.employees working for U.S.firms located abroad.

Accepted Answer

A) True 
 B)False

Question 12

Renew Energy Company,a U.S.firm,and Seawater Petro,a Dutch firm,enter into a contract that includes an arbitration clause.This clause must provide that the arbitrator will be

Accepted Answer

A)  any specified third party.
B)  the American Arbitration Association.
C)  the Dutch Arbitration Organization.
D)  the International Chamber of Commerce.E) A) and D)
F) A) and B)

Question 13

In direct exporting,a U.S.company signs a sales contract with a foreign purchaser that provides for the conditions of shipment and payment of goods.

Accepted Answer

A) True 
 B)False

Question 14

Global Enterprise Corporation,a U.S.firm,wishes to participate,but limit its involvement,in Middle Eastern markets.Global Enterprise empowers Alem,Ltd. ,a United Arab Emirates firm,to enter into contracts in certain countries on Global Enterprise's behalf.This is

Accepted Answer

A)  a distribution agreement.
B)  an agency relationship.
C)  indirect exporting.
D)  licensing.E) B) and C)
F) All of the above

Question 15

Financial Invest Corporation,a U.S.firm,files a suit against Ghana in a U.S.court.Ghana claims foreign sovereign immunity.Under the Foreign Sovereign Immunities Act

Accepted Answer

A)  the plaintiff must show that Ghana is not entitled to sovereign immunity.
B)  Ghana must show that it is entitled to sovereign immunity.
C)  the court must dismiss the suit without any showing.
D)  the court may hear the suit but its decision will have no effect.E) A) and B)
F) All of the above

Question 16

The basis for India to give effect to the laws and court decisions of the United States is primarily

Accepted Answer

A)  courtesy and respect.
B)  U.S.military superiority.
C)  the relative economic power of the two nations.
D)  United Nations resolutions.E) C) and D)
F) A) and B)

Question 17

The Outer Space Treaty declares that internationally recognized political boundaries extend from Earth into the farthest reaches of space.

Accepted Answer

A) True 
 B)False

Question 18

The simplest way for a U.S.firm to do business in a foreign market is to export its products directly to that market.

Accepted Answer

A) True 
 B)False

Question 19

A treaty is a contract or other agreement between two or more nations that must be ratified by the United Nations to take effect.

Accepted Answer

A) True 
 B)False

Question 20

A party to a licensing agreement generally agrees to pay royalties on some basis.

Accepted Answer

A) True 
 B)False

Exam 11: International and Space Law

In the global environment of business,the law of a particular nation,such as Germany,China,or the United States,is classified as

Correct Answer
verified

A party to a licensing agreement generally agrees to pay royalties on some basis.

Correct Answer
verified

Confiscation occurs when a government seizes private property for an illegal purpose or without just compensation.

Correct Answer
verified

Renew Energy Company,a U.S.firm,and Seawater Petro,a Dutch firm,enter into a contract that includes an arbitration clause.This clause must provide that the arbitrator will be

Correct Answer
verified

Minerals Mining Company,a U.S.firm,owns property in Bolivia.The government of Bolivia seizes the property for an illegal purpose without paying just compensation.This is

Correct Answer
verified

The simplest way for a U.S.firm to do business in a foreign market is to export its products directly to that market.

Correct Answer
verified

Correct Answer
verified
One of the advantages of opening a wholl...
View Answer

The government of Korea sets a limit on the amount of rice that can be imported from the United States.This is

Correct Answer
verified

A foreign citizen can bring a civil suit in a U.S.court for a violation of an international tort law.

Correct Answer
verified

The Outer Space Treaty declares that internationally recognized political boundaries extend from Earth into the farthest reaches of space.

Correct Answer
verified

In direct exporting,a U.S.company signs a sales contract with a foreign purchaser that provides for the conditions of shipment and payment of goods.

Correct Answer
verified

The basis for India to give effect to the laws and court decisions of the United States is primarily

Correct Answer
verified

Financial Invest Corporation,a U.S.firm,files a suit against Ghana in a U.S.court.Ghana claims foreign sovereign immunity.Under the Foreign Sovereign Immunities Act

Correct Answer
verified

To restrict or encourage exports,Congress can set quotas on various items,such as grain being sold abroad.

Correct Answer
verified

A treaty is a contract or other agreement between two or more nations that must be ratified by the United Nations to take effect.

Correct Answer
verified

U.S.laws that prohibit discrimination in employment apply to U.S.employees working for U.S.firms located abroad.

Correct Answer
verified

The United States taxes each barrel of imported oil at a flat rate.This is

Correct Answer
verified

Global Enterprise Corporation,a U.S.firm,wishes to participate,but limit its involvement,in Middle Eastern markets.Global Enterprise empowers Alem,Ltd. ,a United Arab Emirates firm,to enter into contracts in certain countries on Global Enterprise's behalf.This is

Correct Answer
verified

World Media,Inc. ,a U.S.firm,expands into international markets through a joint venture.In the venture,World Media shares responsibilities

Correct Answer
verified

Franchising is a form of licensing.

Correct Answer
verified

Exam 11: International and Space Law

In the global environment of business,the law of a particular nation,such as Germany,China,or the United States,is classified as

Correct AnswerverifiedShow Answer

A party to a licensing agreement generally agrees to pay royalties on some basis.

Correct AnswerverifiedShow Answer

Confiscation occurs when a government seizes private property for an illegal purpose or without just compensation.

Correct AnswerverifiedShow Answer

Renew Energy Company,a U.S.firm,and Seawater Petro,a Dutch firm,enter into a contract that includes an arbitration clause.This clause must provide that the arbitrator will be

Correct AnswerverifiedShow Answer

Minerals Mining Company,a U.S.firm,owns property in Bolivia.The government of Bolivia seizes the property for an illegal purpose without paying just compensation.This is

Correct AnswerverifiedShow Answer

The simplest way for a U.S.firm to do business in a foreign market is to export its products directly to that market.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedOne of the advantages of opening a wholl...View AnswerShow Answer

The government of Korea sets a limit on the amount of rice that can be imported from the United States.This is

Correct AnswerverifiedShow Answer

A foreign citizen can bring a civil suit in a U.S.court for a violation of an international tort law.

Correct AnswerverifiedShow Answer

The Outer Space Treaty declares that internationally recognized political boundaries extend from Earth into the farthest reaches of space.

Correct AnswerverifiedShow Answer

In direct exporting,a U.S.company signs a sales contract with a foreign purchaser that provides for the conditions of shipment and payment of goods.

Correct AnswerverifiedShow Answer

The basis for India to give effect to the laws and court decisions of the United States is primarily

Correct AnswerverifiedShow Answer

Financial Invest Corporation,a U.S.firm,files a suit against Ghana in a U.S.court.Ghana claims foreign sovereign immunity.Under the Foreign Sovereign Immunities Act

Correct AnswerverifiedShow Answer

To restrict or encourage exports,Congress can set quotas on various items,such as grain being sold abroad.

Correct AnswerverifiedShow Answer

A treaty is a contract or other agreement between two or more nations that must be ratified by the United Nations to take effect.

Correct AnswerverifiedShow Answer

U.S.laws that prohibit discrimination in employment apply to U.S.employees working for U.S.firms located abroad.

Correct AnswerverifiedShow Answer

The United States taxes each barrel of imported oil at a flat rate.This is

Correct AnswerverifiedShow Answer

Global Enterprise Corporation,a U.S.firm,wishes to participate,but limit its involvement,in Middle Eastern markets.Global Enterprise empowers Alem,Ltd. ,a United Arab Emirates firm,to enter into contracts in certain countries on Global Enterprise's behalf.This is

Correct AnswerverifiedShow Answer

World Media,Inc. ,a U.S.firm,expands into international markets through a joint venture.In the venture,World Media shares responsibilities

Correct AnswerverifiedShow Answer

Franchising is a form of licensing.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
One of the advantages of opening a wholl...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
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