978-0077606121 Chapter 7 Answers to Questions

Type

Quiz

Book Title

International Business: The Challenge of Global Competition 13th Edition

ISBN 13

978-0077606121

April 7, 2019

Chapter 07 - Intellectual Property and Other Legal Forces

Answers to End of Chapter Questions

1.What is the significance of determining whether a country follows the rule of law?

Investors, particularly foreigners, need assurance that their civil and property rights will be protected. It is

2.How does international law differ from national law? What are the sources of international law?

National law is the law of a country governing the relationships of people and organizations within the

3. What objections do other countries have to extraterritorial application by the United States of its

laws?

Other countries assert that the U.S. has no legal or moral right to enforce its laws outside the U.S. The

U.S. antitrust laws and attitudes are different from those operating in other countries. In general they are

4. Why do many people from outside the United States dislike engaging in litigation in the United

States?

The U.S. legal system differs to a small or great extent from the legal systems of other nations, which in

and of itself creates some uncertainty for people. Beyond that, litigation in the U.S. can be extremely

5. What are advantages of submitting contract disputes to arbitration instead of to litigation in

courts?

Some of the advantages of arbitration as compared to court proceedings are speed and informality.

Arbitration is usually faster, less expensive, less formal, and more private than court actions. The parties

6. What are the primary types of intellectual property and why do companies concern themselves

with intellectual property issues?

The primary types of intellectual property include patents, trademarks, trade names, copyrights, and trade

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Chapter 07 - Intellectual Property and Other Legal Forces

7. What are competition laws and how do the laws and the approaches differ between the U.S. and

other parts of the world?

Competition laws (known in the U.S. as antitrust laws) are laws intended to prevent inappropriately large

concentrations of economic power. The U.S. has antitrust laws that are strict and that are enforced

vigorously, with an emphasis on preventing price fixing, market sharing, and business monopolies. Other

countries are becoming more active in the field of competition laws, with more than 80 nations now

8. Are tariffs the only type of obstacle to international trade? If not, name some others.

9. Can product liability be criminal? If so, in what sorts of situations would product liability

become criminal behavior?

10. What is the Foreign Corrupt Practices Act? What arguments or evidence can you identify in

support or opposition to laws such as the FCPA?

The Foreign Corrupt Practices Act is a U.S. law against making payments to foreign government officials

for special treatment. Arguments in favor of this law is that it can help reduce the incidence of

inappropriate behaviors, increase integrity in business, and promote transparency in transactions.

GlobalEDGE Answers

Exercise One

1. Your company is considering expanding to Singapore. Because of this, top management is hoping to

better understand the intellectual property (IP) laws of this country. Using the Intellectual Property

Office of Singapore (IPOS) website, prepare a short report on trademark protection in Singapore. In

your report, include a discussion addressing the following: (1) the benefits of trademark registration;

(2) registrable and unregistrable marks; and (3) the steps in the application process.

Answer:

http://globaledge.msu.edu

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Chapter 07 - Intellectual Property and Other Legal Forces

Exercise Two

2. Transparency International’s Corruption Perceptions Index (CPI) is a comparative assessment of a

country’s integrity performance. Provide a description of this index and its ranking. Using the most

recent data, identify the five countries with the lowest and the five with the highest CPI scores

according to this index. Do you see any trends between CPI scores and the level of economic and

social development of a country?

Answer:

http://globaledge.msu.edu

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