International Marketing Chapter 5 Quiz

Which of the following defines the scope of International Law?

• A. International Law is limited to a set of treaties designed to prevent war.

• C. International Law applies to all countries of the world.

• D. International Law pertains to property, trade, and immigration.

• E. International Law applies to individual nations but not to trade groups.

For many marketers, what is the challenge in dealing with Russia and many of the Eastern- and Central-European nations?

• B. There are no laws regarding commerce.

• C. Their legal system is based on the U.S. system.

• D. Their legal system is based on German civil-law traditions.

• E. An unpredictable, evolving legal environment.

A _________________ establishes ownership of a written, recorded, performed, or filmed creative work.

• A. copyright

• B. trademark

• D. brand mark

• E. patent

The regulatory environment of the European Union is a(n) ________ dimension.

• A.competitive

• B.legal

• C.economic

• E.cultural

________ is the highest legal authority in the EU.

• B.The European Court of Justice

• C.The European Commission

• D.The European Parliament

• E.The Council of Ministers

Which of the following is the most common category of political risk?

• B. Corruption

• C. Political turmoil

• D. Bureaucracy

• E. Literacy rate

Government's limitation on economic activities of foreign firms involving repatriation of profits, quotas for hiring local nationals, and price controls is called ________.

• B. creeping expropriation

• C. planned nationalization

• D. confiscation

• E. nationalization

Caterpillar Inc. entered into an agreement with the Indian government to build roads, operate those roads as toll-ways for a number of years, and then turn the roads over to India. This is an example of which of the following?

• A. Planned nationalization

• B. Confiscation

• D. Creeping expropriation

• E. Nationalization

Which of the following is the goal of conflict resolution?

• Negotiation

• Litigation

• Harmonization

• Arbitration

Which of the following business practices is prohibited by the U.S. Foreign Corrupt Practices Act, yet is common to many countries throughout the world?

• Piracy

• Counterfeiting

• Confiscation

• Bribery