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Many countries require pre-clearance of children's television advertising.
a. True
b. False
U.S. Customs regulations specify many articles that are exempt from marking
requirements. Some of these are:
a.Eggs, flowers, nuts, and bolts.
b.Products that cannot be marked without injury.
c.Products originating in Canada or Mexico.
d.A, B, and C.
e.A and B only.
Through what is called a block exemption, the European Commission grants an
automatic competition exemption to a variety of different types of transactions and
agreements.
a. True
b. False
Which of the following is one of the challenges faced by African nations that make it
difficult for them to develop and coordinate policies that maintain and improve the
environment?
a. water scarcity and desertification
b. land and coastal degradation
c. political unrest
d. all of the above
Under Chinese law, a merger or acquisition qualifies for review if:
a. a transfer of control must occur.
b. it will result in the acquisition of control over another undertaking.
c. it results in the ability to exercise decisive influence over another undertaking.
d. all of the above
A company that forms an agency relationship with its sales representatives can be sued
for damages incurred through the acts of the agent against a third party.
a. True
b. False
An international draft is an order from the seller to the buyer or the buyer's bank to pay
the seller upon delivery of goods or the presentation of documents. Thus, the seller is
both:
a. The drawer and the drawee.
b. The drawer and the payee.
c. The drawee and the payee.
d. The seller is only the drawer.
Currency exchange risk cannot be managed because the fluctuations of currencies
cannot be predicted.
a. True
b. False
NAFTA has evolved into a political union similar to the European Union because it is a
economic union.
a. True
b. False
Simplification and centralization of foreign investment pre-approval procedures have
become commonplace in developing countries in recent years.
a. True
b. False
Intellectual property rights are valuable assets that can be licensed to a foreign licensee
as a means to penetrate a foreign market rather than establish a wholly owned
subsidiary.
a. True
b. False
Patent licenses are not covered by the Commission of the European Union block
exemptions.
a. True
b. False
The type of loss covered by a marine insurance policy when cargo is damaged,
destroyed, or sacrificed in the process of saving the vessel or the cargo of others is a:
a. General average loss.
b. Weighted average loss.
c. Partial or particular average loss.
d. Rescued loss.
An example of a sectoral issue is:
a. A dispute regarding the tariffs on a product.
b. An issue concerning a particular area of the economy.
c. An issue concerning the environmental effects of a product.
d. A dispute regarding quotas.
The European Union's competition law exemption system functions very much like the
American antitrust law rule of reason.
a. True
b. False
