Version 1 21
A) throughout legal systems based on common law.
B) only in the United States.
C) in the United States, EU, and Asia.
D) in both secular and religious-based legal systems.
89) In Japan, product liability requires that
A) the plaintiff prove design or manufacture negligence.
B) the plaintiff meet with the defendant to reach an agreement and present it to the
judge.
C) harm be done with foreknowledge.
D) in high-tech cases, the plaintiff establish a pattern of malfeasance.
90) Miscellaneous foreign laws can cause difficulties for the uninformed businessperson
because
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.
91) The intent of the Foreign Corrupt Practices Act is to
A) reduce corruption and thereby make the costs of doing business transparent.
B) function as a barrier to trade by giving U.S. businesses an advantage of transparency.
C) penalize developing economies, where functionaries often compensate for their poor
salaries by levying small personal taxes.
D) export cultural arrogance by asserting that the U.S. practice of business is more
transparent than in other countries.
Version 1 22
92) In U.S. accounting law, the Sarbanes-Oxley Act
A) holds corporate officers personally responsible for their corporate filings.
B) seeks to establish barriers to foreign listings on the U.S. stock exchanges.
C) is a response to reduced corporate earnings due to corruption.
D) attempts to establish GAAP practices for foreign companies.
FILL IN THE BLANK. Write the word or phrase that best completes each statement or
answers the question.
93) The ________ approach relies on previous decisions made by judges along with statutes
made by legislatures.
94) ________ describes the set of rules that nations have agreed to follow.
95) ________ helps set the context for stable relationships among nations.
96) International law comes from several sources, the most important of which are bilateral
and multilateral ________ between nations.
97) ________ international law codifies the legal relationships between governments.
98) An alternative to settling an international dispute in a U.S. court is to use ________.
99) The Nike swoosh is an example of a ________.
Version 1 23
100) There are three types of ________ available in the United States: utility, design, and
plant.
101) In the United States, the first ________ has the right to the patent, whereas in the EU, it
goes to the first to register an invention.
102) A ________ patent runs for 14 years and is for an aesthetic, nonuseful creation.
103) ________ gives intellectual property protection to computer software in the United States
and the EU.
104) ________, the most common form of IP protection, they do not require that the process
or innovation be shared with the government.
105) One major difference between the United States and the EU in antitrust law is that U.S.
law follows the ________ concept in its approach.
106) Competition laws are intended to prevent inappropriately large concentrations of
economic power, such as ________.
107) In Japan, antitrust legislation was introduced by the ________.
ESSAY. Write your answer in the space provided or on a separate sheet of paper.
108) Discuss the three forms of legal systems.
Version 1 24
109) Discuss the role of litigation in international disputes. Describe how litigation efforts vary
between the United States and other countries. Describe how the choice of law affects litigation.
110) Compare and contrast the different forms of intellectual property rights protection.
Provide an example of each form.
Version 1 25
Answer Key
Test name: Module 6
Version 1 26
Version 1 27
Version 1 28
Version 1 29
Version 1 30
Version 1 31
Version 1 32