Question 1

Legal uncertainties constrain the growth of international business.

Accepted Answer

A) True 
 B)False

Question 2

Immunity from prosecution of visiting foreign heads of state is an example of ______________.

Accepted Answer

customary international law
Ex...

Question 3

Trademarks can be

Accepted Answer

A)   a shape, color, design, sound, phrase, abbreviation by which the product is designated.
B)   any visual property consciously associated with the product.
C)   a design associated with the product, using color and shape.
D)   a mark under which the firm does business.

Question 4

A creative work or invention that is protectable by patents,trademarks,trade names,copyrights,and trade secrets is known as ______________.

Accepted Answer

intellectual propert...

Question 5

__________ describes the set of rules nations have agreed to follow to help set the context for stable relationships among nations.

Accepted Answer

International law
Explanation:...

Question 6

Legal systems are based on __________,common law,or civil law.

Accepted Answer

religious law
Explanation: rel...

Question 7

The European Patent Organization (EPO)makes filing for a patent in all 28 EU member states more difficult than it was previously.

Accepted Answer

A) True 
 B)False

Question 8

If you are an international businessperson arrested and taken into custody in a foreign country,the best approach is to

Accepted Answer

A)   notify your embassy, try to understand the issues, and contact local assistance, such as a lawyer.
B)   assert that you be released to your ambassador.
C)   contact the local press and describe the situation.
D)   resist talking at all.

Question 9

The _____________,according to Lawrence Lessig,is the place intellectual property is least respected.

Accepted Answer

Internet
Explanation: This is ...

Question 10

Unlike antitrust or competition proceedings in the EU,in the U.S.such proceedings

Accepted Answer

A)   may involve civil and criminal penalties.
B)   are heard at the local level.
C)   involve only the top management team.
D)   are head by a three-judge panel.

Question 11

In the EU,_____________ protects property rights of an innovation that is absolutely novel and not available to the public in any form.

Accepted Answer

patent law
Explanati...

Question 12

The Alien Tort Statute allows foreigners to

Accepted Answer

A)   sue in the U.S. courts for residency in the U.S.
B)   file claims in U.S. courts for violations of international law that may have occurred beyond the U.S. borders.
C)   file claims in U.S. courts for alleged violations of foreign laws.
D)   file claims against other foreign nationals for violation of U.S. EEOC law.

Question 13

The EU applies its competition policy

Accepted Answer

A)   extraterritorially.
B)   only within EU.
C)   within the EU and applicant states.
D)   within the EU and other European nations.

Question 14

The process of finding facts of a case relevant to the litigation is the process of ___________.

Accepted Answer

discovery
Explanation: Discove...

Question 15

Product liability is an area of torts in which the U.S.courts can make large awards,unlike in other countries.

Accepted Answer

A) True 
 B)False

Question 16

The World Intellectual Property Organization (WIPO)is a UN agency that administers 24 intellectual property treaties.

Accepted Answer

A) True 
 B)False

Question 17

A cartel that allows consumers a fair share of the benefits is legally acceptable in the _____.

Accepted Answer

EU
Explanation: The ...

Question 18

U.S.antitrust law is applied

Accepted Answer

A)   to all U.S. firms doing business in the U.S.
B)   as widely as possible, whether or not the alleged corruption took place inside the U.S. and whether or not the business is American.
C)   to U.S.-owned firms with assets in the U.S.
D)   to all firms with assets in the U.S.

Question 19

Miscellaneous foreign laws can cause difficulties for the uninformed businessperson because

Accepted Answer

A)   these laws may not be obvious or in accord with laws at home.
B)   they are ambiguous enough that they can be applied to the foreigner at almost any time.
C)   they may violate them and be arrested, yet ignorance of the law is an acceptable defense.
D)   they are aimed to take advantage of the foreigner's ignorance, a trade barrier.

Question 20

The U.S.antitrust law contains both civil and criminal penalties,

Accepted Answer

A)   neither of which can be applied outside the U.S.
B)   and the criminal penalties apply to foreign companies even if the conspiracy took place outside the U.S.
C)   but their application to foreign companies is limited to actions that have taken place within the U.S.
D)   and they can be administered by foreign courts.

Exam 6: Intellectual Property Rights and Other Legal Forces

Miscellaneous foreign laws can cause difficulties for the uninformed businessperson because

Correct AnswerverifiedShow Answer

The European Patent Organization (EPO)makes filing for a patent in all 28 EU member states more difficult than it was previously.

Correct AnswerverifiedShow Answer

A cartel that allows consumers a fair share of the benefits is legally acceptable in the _____.

Correct AnswerverifiedEUExplanation: The ...View AnswerShow Answer

The process of finding facts of a case relevant to the litigation is the process of ___________.

Correct AnswerverifieddiscoveryExplanation: Discove...View AnswerShow Answer

Product liability is an area of torts in which the U.S.courts can make large awards,unlike in other countries.

Correct AnswerverifiedShow Answer

The U.S.antitrust law contains both civil and criminal penalties,

Correct AnswerverifiedShow Answer

U.S.antitrust law is applied

Correct AnswerverifiedShow Answer

In the EU,_____________ protects property rights of an innovation that is absolutely novel and not available to the public in any form.

Correct Answerverifiedpatent lawExplanati...View AnswerShow Answer

Legal systems are based on __________,common law,or civil law.

Correct Answerverifiedreligious lawExplanation: rel...View AnswerShow Answer

The _____________,according to Lawrence Lessig,is the place intellectual property is least respected.

Correct AnswerverifiedInternetExplanation: This is ...View AnswerShow Answer

Unlike antitrust or competition proceedings in the EU,in the U.S.such proceedings

Correct AnswerverifiedShow Answer

A creative work or invention that is protectable by patents,trademarks,trade names,copyrights,and trade secrets is known as ______________.

Correct Answerverifiedintellectual propert...View AnswerShow Answer

The World Intellectual Property Organization (WIPO)is a UN agency that administers 24 intellectual property treaties.

Correct AnswerverifiedShow Answer

Legal uncertainties constrain the growth of international business.

Correct AnswerverifiedShow Answer

The EU applies its competition policy

Correct AnswerverifiedShow Answer

The Alien Tort Statute allows foreigners to

Correct AnswerverifiedShow Answer

If you are an international businessperson arrested and taken into custody in a foreign country,the best approach is to

Correct AnswerverifiedShow Answer

Immunity from prosecution of visiting foreign heads of state is an example of ______________.

Correct Answerverifiedcustomary international lawEx...View AnswerShow Answer

__________ describes the set of rules nations have agreed to follow to help set the context for stable relationships among nations.

Correct AnswerverifiedInternational lawExplanation:...View AnswerShow Answer

Trademarks can be

Correct AnswerverifiedShow Answer

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EU
Explanation: The ...
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discovery
Explanation: Discove...
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patent law
Explanati...
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religious law
Explanation: rel...
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Internet
Explanation: This is ...
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intellectual propert...
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customary international law
Ex...
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International law
Explanation:...
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Correct Answer
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