intl busi 2
Which type of subsidies are currently the focus of the World Trade Organization?
Agriculture
Some countries impose both an ad valorem duty and a specific duty on a single import. What type of duty are these countries using?
Compound
A country that can sell it's products at a lower cost because it has lower standards for admissions for manufacturing facilities is making use of
Environmental dumping
In the United States court system, tort claims may result in
Exceedingly large awards
Unlike quotas, voluntary export restraints (VERs) are imposed by the:
Exporting country's government
A government nationalizes a firm when it shifts the ownership from public to private.
False
Arbitration tends to be less private than litigation
False
Common law relies on codification
False
Early business sustainability efforts looked beyond their own operations focused on the external aspects of conservation and environmental regulation
False
Incoterms are enforced by the UN Commission on International Trade.
False
Intellectual property includes patents and trademarks, but not copyrights.
False
Sanctions are a trade restriction that is effective in forcing change.
False
The U.S. avoids trade barriers on imports, in support of free-trade principles.
False
The national defense argument for trade restrictions is based on the development-level of the country.
False
Voluntary export restraints are imposed by the importing nation to avoid violating WTO rules.
False
When people are kidnapped for ransom, all governments agree that the right response is to pay the ransom, get the hostages released, and then retaliate.
False
Actions that involve antitrust laws usually involve
Government against business
Among the cybercrimes that most often target businesses are
Hacking and data espionage
International Law that is used to govern the transactions of individuals and companies that cross international borders is called:
Private international law
Which characteristic of environmental stability is a Peterson Mining Corp. taking into account when it installs special filters that promote clean air for the surrounding community?
Resources are limited
When governments nationalize a firm, they don't seek to
Sell the firm to foreign investors
Stakeholder theory is an understanding of how business works when it:
Takes into account all identifiable interest holders
Democratic nations that follow free-trade capitalism sometimes nationalize businesses, such as
The U.S. bailout during the 2009 financial crisis, when the U.S. government took control of several large U.S. corporations.
Nationalization and privatization are implemented by
The government
Environmental sustainability is about maintaining the environment, and it is both local and global.
True
Limits, interdependence and equity are characteristics of sustainable business practices.
True
Nuclear power is viewed as "clean" since it doesn't contribute to climate change.
True
Product liability is an area of torts in which the U.S. courts can make large awards, unlike in other countries.
True
Subsidies are implemented by the government to a domestic firm as a way to encourage exports or protect the firm from imports.
True
The U.S. enforcement of Equal Employment Opportunity Commission (EEOC) law in U.S. companies operating abroad is good practice, but not an example of extraterritoriality.
True
Under U.S. law, price fixing is illegal per se, while in other countries, damage or harm has to be done; this is the case in the EU.
True
Unfair international competition for a company can be minimized through the enaction of national laws.
True
Wind power is an example of a renewable energy source.
True
Civil law is based on
a collection of codes
U.S. government assign specific amounts of sugar imports that can come from 40 nations. What type of quota does this represent?
allocated
Tariffs often are set to
encourage local input
Environmental sustainability is both local and global because:
environmental conditions do not recognize national boarders
The EU does not apply its competition policy beyond the eu
false
A government that makes radical changes to existing policies is demonstrating
instability
Government stability is a characteristic of a government that:
maintains predictability in fiscal, monetary and political policies.
The Foreign Corrupt Practices Act (FCPA) is U.S. legislation that
prohibits bribery by American companies abroad.
Governments provide stability by
protecting business from unfair competition and from attacks and theft.
The primary reason tariffs are put in place is to
raise the price of imports, to protect domestic goods
The intent of the foreign corruption practices act is to
reduce corruption ...
What is the role of the home country and risk assessment
It is a significant consideration
How do you barriers to trade affect the citizens of a country
They are a political issue but don't affect the need...
If two English multinational companies had a dispute arising in New York City, and there were no choice-of-law or choice-of-forum clauses in their contract, it is likely that:
They would bring their dispute to an English court
An example of retaliatory trade restrictions is
the U.S. response to the EU ban of hormone-treated beef.
Examples of expropriation without compensation involve the following governments:
the United States confiscated Iranian property in the United States and Cuba confiscated property during the Cuban revolution of the 1950s, and Zimbabwe confiscated land owned by white Zimbabwean citizens.
The legal system of a country is composed of
the collection of governing principles, and the legislation and regulations enacted to provide for the welfare of the country.
