Question 1

A _______________ country is a country in which foreign companies are allowed
to do business in accordance with its government's policies and its laws.

Accepted Answer

The answer of A _______________ country is a country in...

Question 2

The ____________________ is the oldest and most comprehensive international copyright treaty.

Accepted Answer

The Berne Convention is the oldest and most comprehensive international copyright treaty. It was first adopted in 1886 and has since been updated and amended several times. The treaty sets out the basic principles of copyright protection, including the rights of authors, minimum standards of protection, and the principle of automatic protection without the need for registration or formalities. The Berne Convention is currently ratified by over 170 countries.

Question 3

______________________ refers to ideas that are translated into tangible products, writings,and so on,and that are protected by the state for a limited period of time
From unauthorized commercial exploitation.

Accepted Answer

Intellectual property refers to ideas and creations that have commercial value and are protected by the state for a limited period of time. They can include inventions, literary and artistic works, symbols, and designs. Examples of intellectual property include patents, copyrights, trademarks, and trade secrets.

Question 4

Civil laws regulating business contracts and transactions are usually called:

Accepted Answer

The civil laws regulating business contracts and transactions are usually referred to as commercial law.

Question 5

The international treaty (convention)established in 1883 that explains international protection rights of intellectual property (such as how long one has to file for
Property protection in foreign countries)is called:

Accepted Answer

The Paris Convention is the international treaty established in 1883 that outlines international protection rights for intellectual property. It outlines guidelines for filing for property protection in foreign countries, among other things.

Question 6

The _______________ strengthened the U.S.antitrust arsenal by prohibiting trade practices that were not covered in previous legislation.It outlawed exclusive
Dealing and price discrimination.

Accepted Answer

The Clayton Act strengthened the U.S. antitrust laws and prohibited trade practices such as exclusive dealing and price discrimination that were not covered in the previous Sherman Antitrust Act.

Question 7

The ____________________ antitrust laws are applied not only to _______________ -member country companies but also to foreign companies as long as their corporate
Action has antitrust implications within the _____________.

Accepted Answer

The European Union (EU) applies antitrust laws not only to member country companies but also to foreign companies as long as their corporate action has antitrust implications within the EU. MERCOSUR is a regional trade bloc in South America, EFTA is a free trade organization consisting of Iceland, Liechtenstein, Norway, and Switzerland, and NAFTA is a trade agreement between the United States, Canada, and Mexico. Therefore, options A, C, and D are incorrect.

Question 8

Which of the following countries follows the rule of "first-to-invent" with respect to patent awards?

Accepted Answer

The United States follows the rule of "first-to-invent" with respect to patent awards, which means that the inventor who first created the invention is given the patent rights. This is different from the "first-to-file" system used by many other countries, where the first person to file for a patent is given the rights, even if they were not the original inventor.

Question 9

The legal system that holds that law was established by God and a "natural law" embodies all justice is represented by:

Accepted Answer

Islamic law, or Sharia, is based on the Quran and Hadith and is considered by its adherents to be divine law, embodying the concept of law established by God and encompassing all aspects of justice.

Question 10

_________________ systems rely on statutes and codes for the interpretation of the law.There is very little interpretation in this form of law.

Accepted Answer

Code (written) law systems rely on specific statutes and codes for the interpretation of the law. This type of law is characterized by its lack of interpretation and reliance on written laws.

Question 11

A host country refers to a country the parent company is based in and
operates from.

Accepted Answer

A host country refers to the country in which the subsidiary or branch of the parent company is located and operates from.

Question 12

The ___________________________________ of 1977 was designed to prohibit the payment of any money or anything of value to foreign officials,foreign political
Parties,or any candidate for foreign political office for purposes of obtaining,
Retaining,or directing business.

Accepted Answer

The Foreign Corrupt Practices Act (FCPA) of 1977 was introduced to prohibit the payment of any money or anything of value to foreign officials or political parties for purposes of obtaining, retaining, or directing business. It is a federal law that addresses accounting transparency requirements under the Securities Exchange Act of 1934.

Question 13

The ____________________ (based in Geneva,Switzerland)has instituted a set of process standards that has been subscribed to by the European Union.

Accepted Answer

The International Standards Organization (ISO) is based in Geneva, Switzerland and has developed and instituted a set of process standards that have been subscribed to by the European Union. The other options either do not exist or do not fit the description provided.

Question 14

The ____________________ was designed to prohibit the payment of any money or anything of value to foreign officials,foreign political parties,or any candidate for
Foreign political office for purposes of obtaining,retaining,or directing business.

Accepted Answer

The Foreign Corrupt Practices Act (FCPA) was designed to prohibit the payment of any money or anything of value to foreign officials, foreign political parties, or any candidate for foreign political office for purposes of obtaining, retaining, or directing business. The Sherman Act and Clayton Act deal with antitrust and competition laws, the Federal Trade Commission Act deals with consumer protection, and the Export Trading Company Act deals with promoting American exports.

Question 15

Under strict socialism,the government owns and manages all businesses and no
private ownership is allowed.

Accepted Answer

The answer of Under strict socialism,the government owns and manages...

Question 16

The _____________________ specifically forbade every contract,combination,or conspiracy to restrain free and open trade.

Accepted Answer

The Sherman Act is the federal antitrust law that specifically forbade every contract, combination, or conspiracy to restrain free and open trade. The other options, while related to business regulation and international trade, do not deal directly with antitrust laws.

Question 17

The __________________ encourages firms to join forces to improve their export performance by exempting them from antitrust laws.This act was patterned
After similar legislation in Japan and Germany.

Accepted Answer

The Export Trading Company Act encourages firms to join forces to improve their export performance by exempting them from antitrust laws. This act was patterned after similar legislation in Japan and Germany.

Question 18

The ISO 9000 standards served as a model for the _____________ series.

Accepted Answer

ISO 14000 series is focused on environmental management and it was modeled after the structure of the ISO 9000 series.

Question 19

All of the following countries believe that most disputes can be solved outside the litigation system EXCEPT:

Accepted Answer

The United States is the only country listed that heavily relies on the litigation system to resolve disputes. The other countries listed, including Brazil, Japan, China, and Taiwan, place a greater emphasis on alternative dispute resolution methods such as mediation and arbitration.

Question 20

With the growing adoption of the __________ standards by firms worldwide,an __________ certification has become an essential marketing tool for firms.

Accepted Answer

ISO 9000 is a set of quality management standards that provide guidance and tools for companies to ensure they meet customer requirements and enhance customer satisfaction. It has been widely adopted by businesses worldwide, and certification to ISO 9000 has become an essential marketing tool for firms to demonstrate their commitment to quality and reliability.

Quiz 5: Political and Legal Environment

A _______________ country is a country in which foreign companies are allowed to do business in accordance with its government's policies and its laws.

The ____________________ is the oldest and most comprehensive international copyright treaty.

______________________ refers to ideas that are translated into tangible products, writings,and so on,and that are protected by the state for a limited period of time From unauthorized commercial exploitation.

Civil laws regulating business contracts and transactions are usually called:

The international treaty (convention) established in 1883 that explains international protection rights of intellectual property (such as how long one has to file for Property protection in foreign countries) is called:

The _______________ strengthened the U.S.antitrust arsenal by prohibiting trade practices that were not covered in previous legislation.It outlawed exclusive Dealing and price discrimination.

The ____________ antitrust laws are applied not only to _ -member country companies but also to foreign companies as long as their corporate Action has antitrust implications within the _______.

Which of the following countries follows the rule of "first-to-invent" with respect to patent awards?

The legal system that holds that law was established by God and a "natural law" embodies all justice is represented by:

_________________ systems rely on statutes and codes for the interpretation of the law.There is very little interpretation in this form of law.

A host country refers to a country the parent company is based in and operates from.

The ___________________________________ of 1977 was designed to prohibit the payment of any money or anything of value to foreign officials,foreign political Parties,or any candidate for foreign political office for purposes of obtaining, Retaining,or directing business.

The ____________________ (based in Geneva,Switzerland) has instituted a set of process standards that has been subscribed to by the European Union.

The ____________________ was designed to prohibit the payment of any money or anything of value to foreign officials,foreign political parties,or any candidate for Foreign political office for purposes of obtaining,retaining,or directing business.

Under strict socialism,the government owns and manages all businesses and no private ownership is allowed.

The _____________________ specifically forbade every contract,combination,or conspiracy to restrain free and open trade.

The __________________ encourages firms to join forces to improve their export performance by exempting them from antitrust laws.This act was patterned After similar legislation in Japan and Germany.

The ISO 9000 standards served as a model for the _____________ series.

All of the following countries believe that most disputes can be solved outside the litigation system EXCEPT:

With the growing adoption of the standards by firms worldwide,an certification has become an essential marketing tool for firms.

Quiz 5: Political and Legal Environment

A _______________ country is a country in which foreign companies are allowed to do business in accordance with its government's policies and its laws.

The ____________________ is the oldest and most comprehensive international copyright treaty.

______________________ refers to ideas that are translated into tangible products, writings,and so on,and that are protected by the state for a limited period of time From unauthorized commercial exploitation.

Civil laws regulating business contracts and transactions are usually called:

The international treaty (convention) established in 1883 that explains international protection rights of intellectual property (such as how long one has to file for Property protection in foreign countries) is called:

The _______________ strengthened the U.S.antitrust arsenal by prohibiting trade practices that were not covered in previous legislation.It outlawed exclusive Dealing and price discrimination.

The ____________________ antitrust laws are applied not only to _______________ -member country companies but also to foreign companies as long as their corporate Action has antitrust implications within the _____________.

Which of the following countries follows the rule of "first-to-invent" with respect to patent awards?

The legal system that holds that law was established by God and a "natural law" embodies all justice is represented by:

_________________ systems rely on statutes and codes for the interpretation of the law.There is very little interpretation in this form of law.

A host country refers to a country the parent company is based in and operates from.

The ___________________________________ of 1977 was designed to prohibit the payment of any money or anything of value to foreign officials,foreign political Parties,or any candidate for foreign political office for purposes of obtaining, Retaining,or directing business.

The ____________________ (based in Geneva,Switzerland) has instituted a set of process standards that has been subscribed to by the European Union.

The ____________________ was designed to prohibit the payment of any money or anything of value to foreign officials,foreign political parties,or any candidate for Foreign political office for purposes of obtaining,retaining,or directing business.

Under strict socialism,the government owns and manages all businesses and no private ownership is allowed.

The _____________________ specifically forbade every contract,combination,or conspiracy to restrain free and open trade.

The __________________ encourages firms to join forces to improve their export performance by exempting them from antitrust laws.This act was patterned After similar legislation in Japan and Germany.

The ISO 9000 standards served as a model for the _____________ series.

All of the following countries believe that most disputes can be solved outside the litigation system EXCEPT:

With the growing adoption of the __________ standards by firms worldwide,an __________ certification has become an essential marketing tool for firms.

The ____________ antitrust laws are applied not only to _ -member country companies but also to foreign companies as long as their corporate Action has antitrust implications within the _______.

With the growing adoption of the standards by firms worldwide,an certification has become an essential marketing tool for firms.