International Business Law: Key Concepts and Definitions
A company stands a better chance of having an international arbitration award upheld if its home-country government has signed: the New York Convention
A formal legal document that gives an inventor the exclusive right to make, use, and sell an invention for a specified period of time is known as: patent.
A proposed merger between two Swiss-based global pharmaceutical regulators? European Commission
According to Transparency International’s Corruption Perceptions Index scores for 2010, the country which was listed as most corrupt was: Somalia.
After Fidel Castro took power in Cuba, his action against these companies? Confiscation
Any company doing business outside the home country should study political culture
Any Western country doing business in Malaysia or the Middle East should have an understanding of: Islamic law
As part of their alliance relationship, Northwest Airlines and KLM Royal Dutch have an agreement regarding: antitrust.
Bureaucracy is listed as a political risk category by: EIU (Economist Intelligence Unit).
Categories of political risk listed by EIU (Economist Intelligence Unit) include all of the following except: political turmoil.
In the case of Consten, a French company, which legal body made the following ruling? The European Commission ruled that German Grundig was in violation of the laws of the Common Market.
Counterfeiting is: the unauthorized copying or production of a product
Despite the positive publicity, the following phrases are relevant except: political culture.
Engineers at a company in a developing country study an American computer chip design. This is a form of intellectual property known as a: patent
Harley-Davidson has applied for federal protection of an unusual: trademark
In 2005, representatives from several wine regions in the EU and USA banned the: misuse of place names by marketers of wine products that do not originate in those places.
In a recent case, Revlon sued United Overseas. The court dismissed UOL’s claim. This is an issue related to: jurisdiction.
In accordance with GATT, new U.S. patents are granted for a period of ________ years from the filing date. 20
In many parts of the world, when illegal copies of movies are made, what form of intellectual property has been wrongly appropriated? Copyright
In order to fight piracy in China, Budweiser Beer’s approach includes: beer cans in China have fluted edges.
In West Africa, which of the following would be correct? Burkina Faso, Ivory Coast, and Senegal are common-law countries
Islamic law is a comprehensive code based in part on: the Koran.
Italy recently introduced the Reguzzoni-Versace Law. All of the following are correct except: at least four stages of production should occur in Italy for the product to be labeled as “Made in Italy.”
Located in The Hague, the International Court of Justice (ICJ) is part of the: United Nations.
Which of the following is not a common-law country? Korea
Only Sony can use the “Walkman” name on its line of personal stereos. This is because: “Walkman” is a registered Sony trademark.
OPEC can be considered as a “cartel” which is a group of separate companies that: sets prices, controls output, or takes other actions to maximize profits.
Research in Motion (RIM), a Canadian company, faces the disadvantage that: governments use strict control for security reasons.
The company receiving the most U.S. patents for the year 2009 is: IBM.
The company receiving the most U.S. patents in 2009 was: IBM.
The European Commission has jurisdiction if Microsoft applies in Europe, except: it can refer serious matters to the UN Security Council.
The following criminal penalties may be imposed for violations of the FCPA’S (Foreign Corrupt Practices Act) antibribery provisions except: fines imposed on individuals can be paid by their employer or principal.