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90. Which of the following best exemplifies facilitating or expediting payments in business?
91. Products of the mind, such as computer software, a screenplay, a music score, or the chemical formula for a
new drug, constitute:
92. Initech Incorporated, a multinational giant, runs a number of diversified businesses. Which of the following
can be considered as an intellectual property of the firm?
93. Which of the following grants the inventor of a new product or process exclusive rights for a defined period
to the manufacture, use, or sale of that invention?
94. Silver Tape Corporation has developed a new type of adhesive tape. Which of the following types of legal
protections can grant the company exclusive rights for a defined period to the manufacture, use, or sale of the
new adhesive tape?
95. A composer can protect an original musical score from being copied and sold by someone else by acquiring
for the score a(n):
96. Which of the following is most likely to be protected by a copyright?
97. Which of the following protects the Nike "Swoosh" logo from being used by any other shoe manufacturer?
98. Patents, copyrights, and trademarks establish ownership rights over what type of property?
99. Which of the following is a typical function of a trademark?
100. The philosophy behind intellectual property laws is to:
101. In the context of "knowledge" economy of the twenty-first century, which of the following statements is
true about intellectual property?
102. Strong enforcement of intellectual property laws:
103. Product safety and product liability laws are enforced to protect:
104. Which of the following type of laws hold a firm and its officers responsible when a product causes injury,
death, or damage?
105. A boom in product liability suits and awards in the United States resulted in a dramatic increase in the cost
of liability insurance. Many business executives argue that this:
106. Which of the following statements is true about product safety and liability laws?
107. Who among the following can claim product liability from the offender?
108. Veronica had been getting red patches on her face after using a protein-based lotion manufactured by
Nature Life Research Lab. On consulting a dermatologist, she learned that the lotion's steroid levels were
beyond the standard levels permitted by the government and the damage caused by the lotion was irreversible.
Which of the following will address Veronica's grievances?
109. Which of the following nations is most likely to be unappealing as a place for doing business?
110. If a country wants to improve its attractiveness as a place for doing business and as an investment site, it
should:
111. What are the various safeguards that are typically enshrined in constitutional law of an ideal representative
democracy?
112. Describe in brief the different forms of totalitarianism.
113. Discuss why supply must not be restricted for a pure market economy to function.
114. Discuss why command economies tend to stagnate.
115. How does a common law system differ from a civil law system?
116. Describe the significance of Contracts for the International Sale of Goods (CIGS).
117. What are the two ways through which property rights can be violated?
118. Describe the Foreign Corrupt Practices Act.
119. How does corruption affect the economic growth rate in a country?
120. What are grease payments? Are they acceptable by the U.S. law and OECD convention?
121. Discuss the philosophy that underlies intellectual property laws.
122. How do patents, copyrights, and trademarks differ from each other?
123. How do international businesses respond to violations of their intellectual property?
124. Briefly discuss product safety and liability laws.
125. How do the political, economic, and legal environments of a country affect international trade? And what
factors make a country favorable for doing business?
