International Business Law: Key Concepts and Regulations
International Business Law: Key Concepts
Despite the positive publicity, the phrases except political culture.
Any company doing business outside the home country should study political culture.
Categories of political risk listed by EIU (Economist Intelligence Unit) include except political turmoil.
Bureaucracy is listed as a political risk category by: EIU (Economist Intelligence Unit).
Various types of political risk insurance to U.S. companies is provided by: OPIC (Overseas Private Investment Corporation).
What do value-added taxes (VAT) encourage in countries such as China? They result in cross-border shopping and smuggling.
After Fidel Castro took power in Cuba, his action against these companies was confiscation.
The governmental action to dispossess is expropriation.
Located in The Hague, the International Court of Justice (ICJ) is part of the United Nations.
What type of international disputes would be taken before the International Court of Justice? Disputes between two nations.
What happens if a nation has allowed a case against it to be brought before the ICJ (International Court of Justice) and then refuses to accept a judgment against it? The plaintiff nation can seek recourse through the UN Security Council.
The Uniform Commercial Code (UCC) is fully adopted by all U.S. states except: Louisiana.
Which of the following is not a common-law country? Korea.
The German civil-law tradition prevails in all of the countries except: Scandinavia.
In West Africa, which of the following would be correct? Burkina Faso, the Ivory Coast, and Senegal are civil-code countries, while Nigeria, Sierra Leone, and Ghana are common-law countries.
Islamic law is a comprehensive code based in part on the Koran.
Any Western country doing business in Malaysia or the Middle East should have an understanding of Islamic law.
In a recent case, Revlon sued United Overseas. The court dismissed UOL’s claim. This is an issue related to jurisdiction.
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 a patent.
Engineers at a company in a developing country study an American computer chip design, which is a form of intellectual property patent.
Counterfeiting is the unauthorized copying or production of a product.
The unauthorized publication or reproduction of copyrighted work is referred to as piracy.
In many parts of the world, when illegal copies of movies are made, what form of intellectual property has been wrongly appropriated? Copyright.
Which of the following would constitute a copyright violation? Spiderman 2, Levi jeans, Harry Potter.
In accordance with GATT, new U.S. patents are granted for a period of 20 years from the filing date.
The company receiving the most U.S. patents in 2009 was IBM.
Research in Motion (RIM), a Canadian company disadvantage) governments use strict control for security reasons.
In 2005, representatives from several wine regions UE and USA bans the misuse of place names by marketers of wine products that do not originate in those places.
Harley-Davidson has applied for federal protection of an unusual trademark.
Only Sony can use the “Walkman” name on its line of personal stereos. This is because: “Walkman” is a registered Sony trademark.
In order to fight piracy in China, Budweiser Beer’s approach includes beer cans in China have fluted edges.
Which of the following statements is correct? The Paris Convention protects patents, the Berne Convention protects copyrights.