Chapter 5 wamup
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Texas State University *
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Feb 20, 2024
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Chapter 5 wamup
1.
Which of the following is NOT among the categories of political risk?
a.
Bureaucracy
b.
International disputes
c.
Social unrest
d.
Institutional effectiveness
e.
Demographic changes
2.
Which of the following is an example of government seizure of assets without compensation?
a.
Nationalization
b.
Expropriation
c.
Confiscation
d.
creeping expropriation
e.
earnings stripping
3.
_____ is defined as the rules and principles that nation states consider binding upon themselves and pertain to property, trade, immigration, and other areas that have traditionally been under the jurisdiction of individual nations.
a.
The US uniform Commercial Code
b.
private international law
c.
international law
d.
a free trade agreement
e.
the international code of conduct
4.
Which of the following is the type of legal system where disputes are decided based on past judicial decisions?
a.
Private international law
b.
common law
c.
Islamic law
d.
civil law
e.
uniform Commercial Code
5.
Which of the following is the major legal problem for global marketers in China?
a.
Antitrust
b.
Jurisdiction
c.
Bribery and corruption
d.
intellectual property protection
e.
currency transparency
6.
______ is the unauthorized reproduction of a trademarked or registered product.
a.
Imitation branding
b.
A trade secret
c.
Associative counterfeiting
d.
Discounting
e.
Piracy
7.
For conflict resolution, many companies prefer to avoid _________ because of differences in language, legal systems, currencies, and traditional business customs and patterns.
a.
Alternative dispute resolution (ADR)
b.
Litigation
c.
Mediation
d.
Harmonization
e.
Arbitration 8.
Which of the following best describes the contributions made by the international council for commercial arbitration (ICCA) and the United Nations Commission on international trade law (UNCITRAL)?
a.
Requiring disputes to be resolved in national courts under national law
b.
increased litigation
c.
development of new standards for arbitration
d.
creating favoritism towards multinational corporations
e.
removed standardization of rules
9.
Which of the following is a member of the World Trade Organization (WTO)?
a.
The European Parliament
b.
the European Commission
c.
the European Court of justice
d.
the European Union
e.
the European Council
10. The European Commission is the _________ of the European Union.
a.
Legislative body
b.
Decision-making arm
c.
administrative arm
d.
legal body
e.
political arm
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