Contract negotiations in Japan are characterized by all of the following except:
a. The Japanese desire for group harmony and consensus.
b. The importance of not losing face or becoming embarrassed.
c. The presence of lawyers during the negotiations to insure that their clients’ legal
interests are protected.
d. The desire to develop a long-lasting business relationship.
e. All of the above are characteristic of contract negotiations in Japan.
A clean bill of lading does not guarantee that the goods are without damage even during
the voyage to the buyer.
a. True
b. False
Virtually every foreign country prohibits entities controlled by foreigners in a number
of particularly sensitive sectors.
a. True
b. False
Most American lawyers can give competent advice on foreign marketing regulations
and advertising laws.
a. True
b. False
The agreement that officially formed the European Community was:
a. The European Economic Community Act.
b. The Treaty of Rome.
c. GATT.
d. Organization for Economic Cooperation & Development.
A single multinational application process is available for protecting intellectual
property in:
a. In the U.S., Canada, and Mexico.
b. In the Eastern European countries.
c. In countries that are member of the Asian Patent Protection Treaty.
d. In the European Union.
e. All of the above.
Under the FCPA, a payment can be illegal if it is made:
a. Corruptly, knowingly, and to expedite the performance of a routine governmental
action.
b. Corruptly, negligently, and to expedite the performance of a routine governmental
action.
c. Criminally, intentionally, and in order to obtain or retain business.
d. Corruptly, knowingly, and for assistance in obtaining business.
e. Any payment that is illegal under local law is illegal under the FCPA.
Export management companies assist indirect exporters by serving as:
a. Consultants.
b. Attorneys.
c. Foreign currency traders.
d. Accountants.
Customs fraud requires that the importer committed a fraudulent violation by providing
information and documentation that is beyond a reasonable doubt untrue.
a. True
b. False
The International Trade Commission is the U.S. agency that investigates and after
reviewing all the evidence makes the final determination whether or not import relief
will be granted to a domestic firm.
a. True
b. False
The Arab Spring transformation that has taken shape in Egypt is an example of negative
deterrence to foreign direct investment
a. The legal environment
b. Global financial crisis
c. Economic recession
d. Political risk
Section 201 of the Trade Act of 1974 provides authority for the president to do what, if
barriers to U.S. trade are not lifted?
a. Petition Congress to intervene in the situation.
b. Threaten military action if the barriers are not lifted.
c. Use retaliation in the form of duties or quotas.
d. Pay the U.S. company a subsidy.
Goods re-exported without having been significantly altered after being imported are
subject to a refund of duties paid known as a:
a.Manufacturing drawback.
b.Substitution drawback.
c.Same condition drawback.
d.Non-transformation drawback.
The process of buying goods from a foreign supplier and entering them into the
customs territory of a different country is:
a. Exporting.
b. International exchange.
c. Trade by design.
d. None of the above.
A code of conduct is a set of principles that guide people’s behavior and actions when
communicating with others via the Internet and social media.
a. True
b. False
The European Court of Justice consists of 15 justices appointed by the Council of the
European Union and has original jurisdiction over private disputes.
a. True
b. False
In the U.S., which type of merger is considered to pose the biggest threat to competition
because they are the most likely to create or enhance dominance in the market?
a. horizontal
b. vertical
c. multi-industry
d. all of the above