Question 1 The Paris Convention: a. Is the seminal patent protection treaty. b. Requires national tr

Question
1
The Paris Convention:

Is the seminal patent protection treaty.

Requires national treatment for foreign
trademark and patent applications from signatory countries.

Provides a trademark holder in any signatory
country a twelve-month period of priority within which to make similar
applications in signatory countries.

A, B, and C.

Question
2
In the Civil Rights Act
of 1991, Congress extended Title VII to:

U.S. firms operating outside the United States under the control
of a U.S. entity.

II.

U.S. firms operating outside the United States except where
compliance with Title VII would violate the local law of the country where
the firm is located.

III.

Foreign firms operating abroad that employ U.S. citizens.

I only.

I and II.

I and III.

II and III.

Question
3
World Motors assembles
automobiles in the United States from engines produced by its subsidiary
corporation in Country X. In order to shift its tax liability, World Motors
instructs the subsidiary in Country X to overvalue its invoice price of the
engines. This is known as:

Foreign source income.

Taxation pricing.

Transfer pricing.

Price discrimination.

Question
4
Under the Foreign
Sovereign Immunities Act, a federal court would not have jurisdiction over a
foreign nation unless:

The foreign nation’s acts were diplomatic in
nature.

Authority has been granted for the court to
hear the case by the president of the United States.

The foreign government’s actions constitute a
commercial activity.

The foreign government committed an act of
state.

Question
5
Under the Foreign
Sovereign Immunities Act, federal courts in the U.S. cannot hear which of the
following cases:

The foreign government breached a contract
with the U.S. firm for the sale of goods.

A dispute over the amount of compensation paid
by a foreign government to a U.S. investor when the investor’s real estate
was taken to build a national airport.

The foreign government is being sued for money
damages sought as a result of personal injury or death caused by the foreign
government or its agents in the United States.

All of the above are exceptions.

Question
6
In the U.S., an employer
may engage in employee discrimination if it is “reasonably necessary to
the normal operation of the particular business or enterprise,” a defense
known as the:

bona fide occupational qualification defense.

occupational qualification defense.

occupational exception defense.

bona fide exception defense.

Question
7
Common restrictions
imposed on the use of technology include geographic limitations on the
licensee’s manufacturing and/or marketing activities. These types of
restrictions are also known as:

Field of use limitations.

Operating limitations.

Non-technical limitations.

Implied effort of cooperation limitations.

Question
8
Many technology owners
have avoided introducing technology or technological products into Brazil because:

Spies and foreign agents have been stealing
the technology and selling it to the communist countries.

The market has been too weak to support these
high-tech products.

Brazilian taxes on the introduction of
technology into the country have been prohibitively high.

Technology transfer agreements have been
interpreted under Brazilian law so that the original owner loses many rights
in the technology.

Question
9
TRIPS requires every
member of the World Trade Organization to:

Abide by the Paris Convention.

Abide by the Berne Convention.

Apply national treatment to foreign owners of
intellectual property rights.

Provide patent protection for processes.

All of the above.

Question
10
The Chinese government
practices a form of institutional discrimination through the Hukou, which is a
mechanism for determining social entitlements based on:

gender.

age.

occupation.

place of residence.

Question
11
The European Commission
has given exemptions in all of the following areas except:

Motor vehicle distribution agreements.

Merger agreements.

Patent license agreements.

Exclusive purchasing agreements.

Question
12
Which of the following
Acts created a review process under which mergers, joint venture agreements,
and similar transactions must be brought before the Department of Justice for
review before they are concluded?

The Smoot-Hawley Act

The Kyoto Protocol

The Clayton Act

The Hart-Scott-Rodino Act

Question
13
If an agent sells a line
of American-made children’s toys to a European toy store chain and it is later
discovered that the toys are dangerous to children, the agent is not held
accountable because this is an example of:

product liability.

just cause.

a commission.

None of the above.

Question
14
Which of the following
is prohibited in more countries?

Sexually explicit advertising.

Advertising in a foreign language.

False advertising.

Advertising to children.

Question
15
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?

water scarcity and desertification

land and coastal degradation

political unrest

all of the above

Question
16
In Germany, workers:

Can be dismissed at the will of the employer.

Participate in corporate decisions.

Are often represented on boards of directors.

A and B

B and C

Question
17
Which of the following
is NOT one of the primary distinctions between U.S. and foreign labor laws?

Many non-U.S. countries place legal
constraints on employee dismissal that are unfamiliar to the U.S. investor.

When a U.S. investor acquires a foreign
business, by operation of law, it may also be acquiring the foreign
industry’s labor arrangements.

Many non-U.S. nations’ laws require employee
consultation or participation in management decisions that Americans view as
being the owner’s prerogative.

Many American laws require employee
consultation or participation in management decisions that non-U.S.
businesspeople view as being the owner’s prerogative.

Question
18
Under Chinese law, a
merger or acquisition qualifies for review if:

a transfer of control must occur.

it will result in the acquisition of control
over another undertaking.

it results in the ability to exercise decisive
influence over another undertaking.

all of the above

Question
19
The FCPA was passed in
the United States in the 1970s largely because:

The law was requested by many U.S.
corporations in order to allow them to compete more effectively in foreign
markets.

U.S. public opinion and world disdain over
disclosures of hundreds of unethical payments to foreign officials by U.S.
firms.

The law was based on a draft law written by
the United Nations.

An attempt by the U.S. Congress to provide a
more predictable and easily understood law for U.S. firms operating abroad.

Question
20
Which country has been
considered a pioneer in the use of biofuels, particularly ethanol?

Russia

The United States

Brazil

Mexico

Question
21
Transfer agreements in
Japan and some newly developed countries such as Korea require:

Notification to the government.

Assurance that the agreement has not be
entered into corruptly.

Approval by the government.

Negotiation between the foreign licensor and
the government.

Question
22
With regard to global
working conditions of child labor and prison labor, which of the following
statements is true?

A few companies, such as Levi-Strauss &
Co., have adopted global sourcing guidelines to use only suppliers who do not
make use of child or prison labor.

Efforts to develop WTO trade rules that tie
labor standards to international trade have borne fruit in the new GATT
understandings between industrialized and developing nations.

Section 301 of the U.S Trade Act of 1974 has
been amended to impose tariffs on goods that are produced by child labor or
prison labor.

Since NAFTA, Mexico has made great strides in
making sure that children below the age of 14 are kept in school and not used
in manufacturing operations.

Question
23
The greatest protection
offered to the holder of intellectual property rights comes from:

The Uniform Copyright Convention.

The Paris Convention.

The Patent Cooperation Treaty.

Local laws.

Question
24
Copyright protection for
works of authorship available through the Internet is expressly provided by:

The Berne Convention.

The WIPO Copyright Treaty.

The TRIPS Agreement.

None of the above.

Question
25
The three regulatory
schemes for a technology transfer agreement range from least prohibitive to
most prohibitive in which of the following choices:

Notification/registration, no regulation,
preapproval.

Preapproval, notification/registration, no
regulation.

No regulation, notification/registration,
preapproval.

No regulation, preapproval,
notification/registration.

Question
26
The majority of the
gross domestic product in the U.S. is produced by:

Technology industries.

Manufacturing industries.

Trade in services.

Service industries.

Question
27
Judicial review of a
protest of entry is heard in which of the following courts:

Federal Trade Court.

Court of International Trade.

Circuit Court of Customs Appeals.

All of the above depending on the level of
review.

Question
28
Goods may be refused
entry into the U.S. by the Bureau of Customs and Border Protection due to:

Quarantine to protect the public health.

Embargoed country of origin.

Lack of a commercial invoice.

All of the above.

Question
29
A treaty between two
countries is said to be _______, and a treaty between three or more countries
is said to be _________.

bitreaty; tritreaty

biratified; multiratified

bilateral; multilateral

bitreaty; multitreaty

Question
30
Harmonized tariff
schedules break down product classifications into:

6 digits.

8 digits.

10 digits.

12 digits.

Question
31
The illegal placement of
goods or commodities in the hands of an individual for whom an export license
would be denied is known as:

Conversion.

Delusion.

Derision.

None of the above.

Question
32
If one is trying to
determine the correct geographical location of a court that has jurisdiction
over a case, he is determining:

Jurisprudence.

ADR.

Allocation.

Venue.

Question
33
Which of the following
are not allowed to enter goods into the customs territory of the United States?

The purchaser of the goods.

A customs broker authorized to act on behalf
of the importer.

Nonresident individuals and foreign
corporations.

All of the above may enter goods.

Question
34
The shipment of goods or
rendering of services to a foreign buyer located in a foreign country is:

Importing.

Exporting.

Foreign exchange.

A and B.

Question
35
The phrase to describe
when a foreign government’s import regulations are not made readily available
to the public or are hidden or disguised in bureaucratic rules or practices is:

Bureaucratic procrastination.

Unfair trade practices.

Limited access.

Not transparent

Question
36
In the Crosby v.
National Foreign Trade Council case, the US Supreme Court ruled that the
Massachusetts law that bans state agencies from doing business with Myanmar was
valid under the

Import-Export Clause

None of the above

Supremacy Clause

Commerce Clause

Question
37
Regarding environmental
issues and NAFTA:

NAFTA calls for the three countries to work
together to develop common environmental standards.

NAFTA sets strict environmental and ecological
standards for all three countries.

NAFTA countries can continue to ban pesticides
without informing each other.

NAFTA created the NAFTA Commission for
Environmental Cooperation, which acts in a purely advisory role in regard to
environmental issues.

Question
38
When determining whether
personal jurisdiction offends “traditional notions of fair play and
substantial justice,” the court evaluates several factors, including:

Burden on the defendant.

The plaintiff’s interest in having a
convenient forum.

The forum’s legitimate interests in the
dispute.

Two of the above.

All of the above.

Question
39
Country-of-origin
information impacts all of the following except:

The rate of duty on an import.

The applicability of a quota.

The applicability of a countervailing duty.

The tariff classification of the article.

Question
40
The U.S. law granting
trade preferences to imports from the island nations of the Caribbean and
Central America is called:

The Lome Convention.

The Latin American Free Trade Act.

The Caribbean GSP Act.

The Caribbean Basin Economic Recovery Act.

Question
41
Which of the following
is NOT an example of a commonly used trade barrier?

a national industrial standard that drives up
the cost of imported televisions

a tariff on imported oil

a convention on imported children’s toys

a tax on imported clothing

Question
42
The appropriate EU court
with original jurisdiction to hear complaints about violation of the European
Convention on Human Rights and the Anti-Torture Convention.

European Court of Human Rights

International Criminal Court

International Court of Justice

European Court of Justice

Question
43
The government agency
responsible for determining the dutiable status of goods is:

U.S. Commerce Service.

U.S. Duties & Tax Service.

U.S. Port of Entry Service.

None of the above.

Question
44
Under Section 301, the
United States Trade Representative has the discretion to take retaliatory trade
action in all the following cases except:

When a country fails to provide standards for
minimum wage.

When a country permits forced labor.

When a country fails to allow workers the
right to organize and bargain collectively.

When a country has denied the U.S. its rights
under any of the GATT agreements.

Question
45
When the president
decides to impose export controls for national security or foreign policy
reasons, the following businesses may be adversely affected:

Farmers whose crops are in short supply.

Businesses who cooperate with Arab nations in
boycotting Israel.

Subsidiaries of U.S. companies having
contracts with nations targeted by U.S. foreign policy.

B and C only.

A, B, and C.

Question
46
Which of the following
does not generally characterize foreign distributors?

They assume the risks of warehousing the
goods.

They are usually located in the country from
which the goods are exported.

The often trail end users of the product.

They are independent firms.

Question
47
Which of the following
statements regarding technical barriers to trade is false?

Despite decades of work by the European Union,
thousands of new national standards have arisen.

Japan and the United States have had a long
history of disputes over Japanese technical barriers to trade.

Most standard setting in the European Union
takes place through the European Committee for Standardization.

Japanese technical regulations and standards
are readily available to importers and exporters.

All of the above are true.

Question
48
The UN’s Guiding
Principles for Business on Human Rights Article 23 states all of the
followingexcept:

Businesses should treat the risk of causing or
contributing to gross human rights abuses as a legal compliance issues
wherever they operate.

Businesses should seek ways to honor the
principles of internationally recognized human rights when faced with
conflicting requirements.

Businesses should seek to comply with the laws
of their home country before considering internationally recognized human
rights.

Businesses should comply with all applicable
laws and respect internationally recognized human rights, wherever they
operate.

Question
50
Thailand’s import
restrictions on cigarettes:

Were justified in the interest of public
health.

Were justified under GATT article XI as
protection of domestic agriculture.

Were not justified under GATT article XI as
protection of domestic agriculture.

Were not justified because they violated the
principle of free trade.

Question 1 The Paris Convention: a. Is the seminal patent protection treaty. b. Requires national tr

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