BUS 280 - Assignment #3

No worldwide court has the power to enforce its decrees (true/false)

true

Patent trolls are modern highway robbers who exploit loopholes in IP protection (true/false)

true

Policy continuity and government stability are more important to a business than the type of political (true/false)

true

The concept of strict liability, as found in the U.S. legal system, applies to harm done by the designer/manufacturer without the need to prove negligence (true/false)

true

When the U.S. military contracts out security details in war zones, it is engaged in privatization (true/false)

true

Sanctions are a trade restriction that is effective in forcing change (true/false)

false

The EU does not apply its competition policy beyond the EU (true/false)

false

The length of the investment in a foreign country has no impact on the risk assessment for that investment. What matters are the economic and political situations in the country (true/false)

false

The main sources of international law are the UN International Court of Justice (true/false)

false

There is one main organization that offers intellectual property (IP) protection, the UN (true/false)

false

Usually, to assume that foreign law will be similar to U.S. law is reasonable (true/false)

false

Voluntary export restraints are imposed by the importing nation to avoid violating WTO rules (true/false)

false

A government may move toward privatization when it suspects foreign-owned companies are concealing profits and not contributing to the host country (true/false)

false

Arbitration is a private solution that is recommended by the UN for international companies facing litigation in developing countries (true/false)

false

Businesses favor unstable governments because they present more profit opportunities (true/false)

false

Concession dumping is a type of trade discrimination (true/false)

false

Discrimination against imports other than import duties are known as tariff (true/false)

false

Incoterms are established by the UN Commission on International Trade (true/false)

false

Intellectual property includes patents and trademarks, but not copyrights (true/false)

false

Only in communist countries do governments own the factors of production (true/false)

false