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.