MGMT-314

Antitrust laws were established to _______. regulate market power of companies and prevent monopolies prevent white-collar crime enforce tort reform all of the above

regulate market power of companies and prevent monopolies

The___________________, adopted in 1789, allows even foreign citizens to bring civil suits in U.S. courts for injuries caused by violations of international law or a treaty of the United States. Alien Tort Claims Act (ATCA) Foreign National Tort Claims (FNTC) Non-U.S. Citizen Tort Act (NUSCT) International Tort Doctrine (ITD)

Alien Tort Claims Act (ATCA)

Which statement is false regarding international business? Child labor is exploited in foreign countries. Bribery in the form of grease payments is illegal in all countries. U.S. companies must follow U.S. law and host country law when conducting business in a foreign country. Safety laws are lower than U.S. safety standards in some countries. That is right. Grease payments are legal in some other countries.

Bribery in the form of grease payments is illegal in all countries.

All of the following are antitrust laws except: Sherman Antitrust Act Clayton Antitrust Act of 1914 Federal Trade Commission Act of 1914 Foreign Corrupt Practices Act

Foreign Corrupt Practices Act

U.S. antitrust laws have a broad application. Which of the following is true about U.S. antitrust laws? Not only may persons in foreign nations be subject to their provisions, but the laws may also be applied to protect foreign consumers and competitors from violations committed by U.S. business firms. Only persons in the U.S. are subject to their provisions, and the laws are not applied to protect foreign consumers and competitors from violations committed by U.S. business firms. No person in foreign nations may be subject to their provisions, but the laws may be applied to protect foreign consumers and competitors from violations committed by U.S. business firms. none of the above

Not only may persons in foreign nations be subject to their provisions, but the laws may also be applied to protect foreign consumers and competitors from violations committed by U.S. business firms.

Which is true about Section 3 of the Clayton Act? Sellers or lessors can condition the sale or lease of goods on the buyer's or lessee's promise not to use or deal in the goods of the seller's competitor. Sellers or lessors may condition the sale or lease of goods on the buyer's or lessee's promise not to use or deal in the goods of the seller's competitor. Sellers or lessors cannot condition the sale or lease of goods on the buyer's or lessee's promise not to use or deal in the goods of the seller's competitor. none of the above

Sellers or lessors cannot condition the sale or lease of goods on the buyer's or lessee's promise not to use or deal in the goods of the seller's competitor.

Which of the following is true about grease payments? They are payments given to influence a decision rather than to speed up a process. They are expected and should be considered routine when doing international business. The Foreign Corrupt Practices Act (FCPA) prohibits grease payments. Such payments are legal only if they are also legal under the laws of the country where the grease payments take place

Such payments are legal only if they are also legal under the laws of the country where the grease payments take place..

Which of the following do international organizations generally create? standards uniform rules a & b none of the above

a & b

When are foreign states not immune from U.S. jurisdiction? when the foreign state has waived its immunity when the foreign state has engaged in commercial activity with the United States when the foreign state has committed a tort in the United states and violated international law all of the above

all of the above

Which of the following are violation requirements of Section 1 of the Sherman Act? Two or more parties have formed an agreement. Those parties agree to restrain competition. The effect of the lack of competition affects interstate commerce. all of the above

all of the above

These laws are used to limit the restraint of trade. tort privacy antitrust bankruptcy

antitrust

All of the following practices are discouraged under antitrust legislation except: price fixing exclusionary practices mergers and acquisitions that substantially reduce competition conducting international business

conducting international business

A law that is applicable within the nation where it is created, and which bestows powers to some legitimate authority to create, apply, and enforce a rule of law, is _______. domestic law civil law administrative law constitutional law international law

domestic law

Controls that prohibit or restrict the transport of certain types of products to another country are known as _______. export controls import controls trade controls anti-boycott controls customs

export controls

The term _____ describes a market where there is a single provider (or a very small number of providers) available in the marketplace. breach market power monopoly free market

monopoly

Which of the following correctly summarizes the principle of comity? one nation will often defer to and give effect to the laws and judicial decrees of another country (as long as they are consistent with each other) one nation will insist on using their laws and judicial decrees over another country nations will need a third party to determine their joint laws and judicial decrees over each other none of the above.

one nation will often defer to and give effect to the laws and judicial decrees of another country (as long as they are consistent with each other)

Which act was created in 1890 to protect trade and commerce against unlawful restraints and monopolies? the Sarbanes- Oxley Act the Sherman Act the Exchange Act none of the above

the Sherman Act

The North American Free Trade Agreement is a trade agreement between which of the following countries? the United States, Canada, and Mexico the United States, Canada, and Cuba the United States, Mexico, and Chile the United States, Mexico, and Bermuda the United States, Canada, and Bermuda

the United States, Canada, and Mexico

Which of the following is a contractual provision that specifies which law and jurisdiction will apply to disputes arising under the contract between two companies operating from different nations? the Uniform Commercial Code the U.N. Convention on Contracts for the International Sale of Goods the Convention on the Recognition and Enforcement of Foreign Arbitral Awards the choice of law clause the mandatory arbitration clause

the choice of law clause