question

the EU applies it's competition policy:

answer

extraterritoriality

question

patent treatment is standardized thanks to:

answer

The Paris Union

question

Patents are government grants that give the owner

answer

exclusive rights to use, sell, manufacture, or exploit the invention or process

question

unlike anti-trust or competition proceedings in the EU, in the US such proceedings

answer

may involve civil and criminal penalties

question

Antitrust laws differ among countries, and complying with them is often difficult for the firm, so:

answer

the US is pushing for a world organization to clear antitrust

question

The foreign corrupt practices act has:

answer

carned the discussion of transparency or corruption out into the open

question

WPO is a:

answer

UN agency that administers intellectual property treaties ; advises countries on intellectual property-related administrative issues

question

Enforcing contracts that cross international boarders is:

answer

quite complicated ; governed in most nations by the CISG

question

Trade obstacles are considered to be legal forces because of

answer

two of the above

question

The united states and the EU:

answer

X-two of the above

question

Arbitration is often preferred because it is:

answer

None of the above

question

Smaller nations would like patent protection:

answer

Reduced so that they can enter the game earlier, possibly with generics

question

Japanese cultural values suggest that in Japan, antitrust law against cartels would be strictly enforced

answer

False

question

Global trademark protection follows the office of Hasmonization in the internal market approach

answer

false

question

The ISO is the only international standardizing organization

answer

False

question

In the antitrust area, the united states is concerned with the impact of the business deal on the consumer...

answer

True

question

By UN regulation, contracts cannot contain choice-of-law and choice-of-forum clauses

answer

false

question

Microsoft is an example of how a company can avoid multiple antitrust laws in multiple jurisdictions, thanks to equalization agreements

answer

false

question

trademarks can include shape, color, or sound

answer

false

question

The united kingdom bribery act includes penalties for corporate failure to prevent bribery, but only in the UK

answer

false

question

Laws governing transactions of individuals and companies that cross international boarders are:

answer

private international law

question

The existence of rule of law in a foreign market suggest that:

answer

foreign investors can assume that their interest will be protected

question

Incoterms attempt to standardize shipping agreements, and they are:

answer

descriptions of port side processes

question

If two english multinational companies had a dispute arising in NYC, and there were no choice of law or choice of forum clauses in their contract, it is likely that:

answer

they would bring their dispute to an English court

question

Discovery refers to the process of finding out facts that indicate a law has been violated, and it leads to the filing of a legal case or litigation

answer

false

question

where litigation should occur has to do with the location of the problem and is usually clear to both the defendant and the plaintiff

answer

false

question

the source of international law is frequently the UN

answer

true

question

Although arbitration procedures may be confidential, enabling a company to avoid unwelcome publicity accompanying an open court case, arbitration is generally slower than all courts

answer

false

question

When a business pays in dollars for an import, the dollars that leave the US will eventually show up as a credit on the US account

answer

true

question

exchange rate forecasting is an advanced science; with the correct data we can predict with accuracy exchange rate movements

answer

false

question

Brazil, India, and the US are among the highest corporate tax locations

answer

true

question

The Big Mac Index is an example of purchasing power parity, an international measure of junk food consumption

answer

false

question

One exchange arrangement is to have on separate legal tender

answer

true

question

The random walk hypothesis suggest that the best predictor of tomorrows currency prices are today's prices

answer

true

question

As a result of Brenton Woods and the dollar's use as a proxy for gold, the US ran up a balance-of-payments deficit of around $56 billion, which led to the US going off the gold exchange standard in 1971

answer

True

question

The Bretton Woods system worked until the late 1960's

answer

true

question

The international Fisher effects says that the interest rate differentials in any two currencies reflect

answer

The expected change in their exchange rate

question

Most significant for the international manager, the balance of payments reveals:

answer

demand for a countries currency and potential changes in its economic environment

question

The US current account deficit can be explained by:

answer

not b&C

question

A vehicle currency is a currency

answer

not: used to trade in the transportation sector & is usually the dollar...

question

Exchange rate forecasting is

answer

important b/c exchange rate influence all aspects of business

question

Foreign reserves are used to:

answer

Cover foreign debt, import purchases, & other demands for foreign currency that banks might encounter

question

The price of gold since about 1200 A.D. has been:

answer

trending upward

question

The balance-of-payments accounts divided into the following three major accounts :

answer

current, capital, and reserves

question

In 1717, Sir Isaac Newton took Britain from the silver stand to:

answer

the gold standard with fixed rates

question

In order to strengthen the US dollar, the federal reserve might sell yen and buy dollars, in which case the yen functions as

answer

an intervention currency

question

What is appealing about the gold standard is:

answer

its simple

question

the exchange rate for today for delivery within 2 days is known as the current rate

answer

false

question

The balances of payments is a record of a country's transaction with its major trading partners

answer

true

question

Tariffs are not a financial force, they are political force

answer

False

question

The random walk hypothesis suggest that the best predictor of tomorrow's currency prices are today's prices

answer

true

question

In BOP accounting, a deficit in the current account is always accompanies by a surplus in the capital account

answer

true

question

Bretton Woods led loan exchange rate agreement known as the betton woods system are:

answer

the gold standard

question

The fisher effect system states that the real interest rate:

answer

is the nominal rate minus the expected inflation rate

question

Who took the US off the gold system

answer

president Nixon

question

Sir Issac Newton put England on the gold standard when he:

answer

established a fixed equivalency between gold and the British currency

question

Which of the following are not identified in the text as being elements of the competitive forces that an analyst uses to examine martkets

answer

competitors staffing levels

question

_ is used by management during the planning process and it provides info about threats and opportunities

answer

environmental scanning

question

Marketing screening is divided into:

answer

country screening and segment screening

question

Entry barriers are part of the _ stage of market screening

answer

Political and legal

question

Climate, topography, and natural resources are all considered part of the _ stage of the country screening process

answer

basic needs

question

Size of the urban population and electricity consumption are part of the _ index

answer

market size

question

Mail surveys can be a difficult foreign market research tool because

answer

all the above

question

the market growth index rate is measured by

answer

average growth rate in commercial energy + real growth rate in GDP

question

Which of the following is true of trend analysis

answer

none of the above

question

According to the text, which of the following is true regarding "corporate anthropology"

answer

it involves ethnographic research techniques

question

Market indicators measure relative market strengths

answer

true

question

General surveys are not done with a specific firm in mind

answer

true

question

country and segment are units of analysis for market screening

answer

true

question

environmental scanning provides the firm with info about world opportunities and threats

answer

true

question

Managers may consider entering a market in which strong competition already exists if they believe entering a competitors home market will distract the competitors attention from the new entrants own home market

answer

true

question

when a firms personnel have had no experience in a country, management should probably use the company's research personnel to conduct local market research

answer

false

question

in general, when the basic need for a product is absent, no reasonable expenditure of effort is likely to enable a firm to market its goods or services

answer

true

question

the e-commerce potential index developed in the text includes three indexes: market size, market growth rate, & e-commerce readiness

answer

true

question

Analysis of the paying habits of customers is studied as part of the socio cultural for screening

answer

false

question

corporate anthropology refers to the process of obtaining market research data through focus groups and surveys

answer

false

question

cluster analysis is a technique for dividing objects into groups based on geographic or economic similarity

answer

false

question

social desirability bias can be seen as a cultural problem when conducting market research

answer

true

question

trade missions consists of a group of people in search of business opportunities

answer

true

question

according to the text, data on imports may not completely measure market potential because

answer

high prices caused by transportation, duties and mark ups

international business: ch 7, 8, 12 – Flashcards

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