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Unlike typical marine bills of lading, air waybills are:
a. not legally binding.
b. always electronic.
c. non-negotiable.
d. documents of title
Members of the EU include the following countries except:
a. France.
b. Luxembourg.
c. Italy.
d. Switzerland.
e. All of the above are members.
Under the WTO's dispute-settlement procedures, who can bring a complaint for
nullification and impairment?
a. a corporation
b. a group of corporations within an industry
c. a government
d. All of the above
The rule of informed compliance requires the customs broker to be responsible for
compliance with customs laws and handling all documentation with reasonable care.
a. True
b. False
An investment in which the investor limits its involvement to providing equity capital
in an enterprise managed by another in hope of a profitable return is called a(n):
a. Active investment.
b. Leveraged investment.
c. Passive investment.
d. Inactive investment.
In the Civil Rights Act of 1991, Congress extended Title VII to:
I. U.S. firms operating outside the United States under the control of a U.S. entity.
II. U.S. firms operating outside the United States except where compliance with Title
VII would violate the local law of the country where the firm is located.
III. Foreign firms operating abroad that employ U.S. citizens.
a. I only.
b. I and II.
c. I and III.
d. II and III.
The EU functions to eliminate barriers to trade by making mergers and acquisitions
more difficult.
a. True
b. False
Indirect exporters commonly employ the services of export trading companies and
export management companies.
a. True
b. False
