Test Bank For International Business Law And Its Environment, 9th Edition

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True/False1.Globalsourcingisthetermcommonlyusedtodescribetheprocessbywhichafirmattemptstolocateandpurchasegoodsorservicesonaworldwidebasis.a.Trueb.FalseANSWER:TruePOINTS:1DIFFICULTY:EasyNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawOTHER:Bloom's:Knowledge2.CustomsbrokersaregovernmentinspectionofficialswhohavetheresponsibilitiesofinspectingandregulatingtheshipmentofgoodsandservicesimportedintotheUnitedStates.a.Trueb.FalseANSWER:FalsePOINTS:1DIFFICULTY:ModerateNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingUnitedStates-StandardID-BUSPROGSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:ObtainingProfessionalAssistanceKEYWORDS:Bloom's:Knowledge3.Nontariffbarrierssuchastechnicalstandardsdonothaveasignificantinfluenceonhowfirmsmaketheirtradeandinvestmentdecisions.a.Trueb.FalseANSWER:FalsePOINTS:1DIFFICULTY:ModerateNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Analysis

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4.Smallandmedium-sizecompanieslackthecompetitiveadvantagetocompetewithlargemultinationalcorporationsandthereforehavelittletocontributetotheinternationalmarketplace.a.Trueb.FalseANSWER:FalsePOINTS:1DIFFICULTY:ModerateNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Evaluation5.Intellectualpropertyrightsarevaluableassetsthatcanbelicensedtoaforeignlicenseeasameanstopenetrateaforeignmarketratherthanestablishawhollyownedsubsidiary.a.Trueb.FalseANSWER:TruePOINTS:1DIFFICULTY:ModerateNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Evaluation6.Tradeconsistsoftheimportandexportofgoodsorservices.a.Trueb.FalseANSWER:TruePOINTS:1NATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Knowledge7.Exportingistheshipmentofgoodsorrenderingofservicestoaforeignbuyerlocatedinaforeigncountry.a.Trueb.FalseANSWER:TruePOINTS:1NATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Application

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8.Thethreeformsofinternationalbusinessareexporting,importing,andlicensing.a.Trueb.FalseANSWER:FalsePOINTS:1NATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Application9.Indirectexporterscommonlyemploytheservicesofexporttradingcompaniesandexportmanagementcompanies.a.Trueb.FalseANSWER:TruePOINTS:1DIFFICULTY:EasyNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Comprehension10.Indirectexportingbutnotdirectexportinginvolvessalesthroughsalesagentsortoforeigndistributors.a.Trueb.FalseANSWER:FalsePOINTS:1DIFFICULTY:ModerateNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Synthesis11.Internationallicensingagreementsarecontractsbywhichtheholderofintellectualpropertygrantscertainrightsinthatpropertytoaforeignfirmforaspecifiedperiodoftime.a.Trueb.FalseANSWER:TruePOINTS:1DIFFICULTY:EasyNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Comprehension

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12.Apotentialnegativeaspectofthetransferoftechnologyisthatthelicenseecouldbeyourcompetitorinthefuture.a.Trueb.FalseANSWER:TruePOINTS:1DIFFICULTY:ModerateNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Synthesis13.Ahostcountryreferstothecountryunderwhoselawstheinvestingcorporationwascreatedorisheadquartered.a.Trueb.FalseANSWER:FalsePOINTS:1DIFFICULTY:EasyNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Analysis14.Ahomecountryreferstothecountryunderwhoselawstheinvestingcorporationwascreatedorisincorporated.a.Trueb.FalseANSWER:TruePOINTS:1DIFFICULTY:EasyNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Analysis15.Currencyexchangeriskcannotbemanagedbecausethefluctuationsofcurrenciescannotbepredicted.a.Trueb.FalseANSWER:FalsePOINTS:1DIFFICULTY:ModerateNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Analysis

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16.Asovereignnationhasthepowertonationalizeaforeignprivateenterprisewithoutcompensation.a.Trueb.FalseANSWER:FalsePOINTS:1DIFFICULTY:ModerateNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Application17.FreightforwardersareregulatedbytheDepartmentofStateandarrangethetransportationofgoodsfortheimporterandrepresenttheimporterwithcustoms.a.Trueb.FalseANSWER:FalsePOINTS:1DIFFICULTY:ModerateNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Knowledge18.Freightforwardersactastheseller'sorexporter'sagent.a.Trueb.FalseANSWER:TruePOINTS:1DIFFICULTY:EasyNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Knowledge

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19.TheWorldIntellectualPropertyOrganizationdefinesintellectualpropertyrightsas“legalrightswhichresultfromintellectualactivityintheindustrial,scientific,literary,andartisticfields.”a.Trueb.FalseANSWER:TruePOINTS:1DIFFICULTY:EasyNATIONALSTANDARDS:UnitedStates-UnitedStates-BUSPROG:ReflectiveThinkingSTATESTANDARDS:UnitedStates-Ohio-UnitedStates-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusiness20.AcompanythatmakesunauthorizedcopiesofamovieandsellsthecopiesonDVDsisinfringingonthemovieowner’sintellectualpropertyrights.a.Trueb.FalseANSWER:TruePOINTS:1DIFFICULTY:EasyNATIONALSTANDARDS:UnitedStates-UnitedStates-BUSPROG:ReflectiveThinkingSTATESTANDARDS:UnitedStates-Ohio-UnitedStates-AICPA-BB-LegalTOPICS:IntroductiontoBusinessLawKEYWORDS:Bloom's:ComprehensionMultipleChoice21.InDayanv.McDonald'sCorporation,thecourtruledthat:a.McDonald'squalitystandardswereinadequateunderFrenchlaw.b.TheMcDonald'sfranchisecontractwasillegalunderFrenchlaw.c.McDonald'shadfulfilleditsresponsibilitytothefranchiseeinFranceunderU.S.law.d.TheFrenchdonotlikehamburgers.ANSWER:cPOINTS:1DIFFICULTY:DifficultNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Difficult

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22.Thetypeofriskthatincludescontrolsonexports,imports,controlsonthemovementofcurrency,restrictionsonlicensingandinvestment,andcontrolsoverphysicalpropertylocatedinacountryis:a.Legalrisk.b.Politicalrisk.c.Economicrisk.d.Currencyrisk.ANSWER:bPOINTS:1DIFFICULTY:ModerateNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Analysis23.Tariffsonimportedproductsareimposedforwhichofthefollowingreasons:a.Collectionofrevenue.b.Protectionofdomesticindustries.c.Toassertpoliticalobjectives.d.Alloftheabove.ANSWER:dPOINTS:1DIFFICULTY:ModerateNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Analysis24.Twoexamplesofnontariffbarriersthatrefertoquantitativerestrictionsonimportingandatotalorneartotalbanontraderespectivelyare:a.Partialembargoes,embargoes.b.Tradeseizures,limits.c.Embargoes,quotas.d.Quotas,embargoes.ANSWER:dPOINTS:1DIFFICULTY:ModerateNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Application

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25.Theshipmentofgoodsorrenderingofservicestoaforeignbuyerlocatedinaforeigncountryis:a.Importing.b.Exporting.c.Foreignexchange.d.AandB.ANSWER:bPOINTS:1DIFFICULTY:EasyNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Comprehension26.Theprocessofbuyinggoodsfromaforeignsupplierandenteringthemintothecustomsterritoryofadifferentcountryis:a.Exporting.b.Internationalexchange.c.Tradebydesign.d.Noneoftheabove.ANSWER:dPOINTS:1DIFFICULTY:ModerateNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Analysis27.Thetwotypesofexportingare:a.Impartial;partial.b.Direct;indirect.c.Foreign;domestic.d.Individual;joint.ANSWER:bPOINTS:1DIFFICULTY:ModerateNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Application

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28.Exportmanagementcompaniesassistindirectexportersbyservingas:a.Consultants.b.Attorneys.c.Foreigncurrencytraders.d.Accountants.ANSWER:aPOINTS:1DIFFICULTY:EasyNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Knowledge29.FirmsthatassistindirectexportersandarelicensedtooperateundertheantitrustlawsoftheU.S.are:a.Exportmanagementcompanies.b.Indirectexportermerchants.c.Exporttradingcompanies.d.Noneoftheabove.ANSWER:cPOINTS:1DIFFICULTY:ModerateNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Comprehension30.Internationallicensingagreementspertaintoformsofintellectualpropertysuchas:a.Books,songs,inventions.b.Trademarks,copyrights,patents.c.Realestate,personalproperty.d.Contracts.ANSWER:bPOINTS:1DIFFICULTY:ModerateNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Comprehension

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31.Internationalfranchisingallowsthefranchiseetherighttousea(n):a.Exportmanagementcompany.b.Exporttradingcompany.c.Copyright.d.Noneoftheabove.ANSWER:cPOINTS:1DIFFICULTY:ModerateNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Comprehension32.Internationalbusinessmaybeclassifiedintowhichofthefollowingthreecategories:a.Trade,import/export,foreignexchange.b.Internationallicensingagreements,investments,law.c.Trade,internationallicensingagreements,investment.d.Internationallicensingagreements,trade,franchising.ANSWER:cPOINTS:1DIFFICULTY:ModerateNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Application33.Acooperativebusinessarrangementbetweentwoormorecompaniesmaybea:a.Partnership.b.Jointventure.c.Corporation.d.Alloftheabove.ANSWER:dPOINTS:1DIFFICULTY:DifficultNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Analysis

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34.Theconceptoflocalparticipationrefersto:a.Aportionoftheemployeesofthebusinessinthehostcountrywillbenationalsofthehomecountry.b.Employeesofthebusinesscontributeacertainnumberofhourstocommunityservice.c.Aportionofthebusinessmustbeownedbynationalsofthehostcountry.d.Thehostcountryretainsmineralrights.ANSWER:cPOINTS:1DIFFICULTY:ChallengingNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Application35.Ifapartydoesnotfulfilltheirobligationsassetforthinasalescontract,itisknownas:a.Non-payment.b.Termination.c.Non-performance.d.Alloftheabove.ANSWER:cPOINTS:1DIFFICULTY:ModerateNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Analysis36.Anindependentfirmthatpurchasesgoodsforresaledirectlyfromtheexporter,assumescreditrisksinthelocalmarket,andprovidesproductserviceandsupportisknownas:a.Aforeignsalesrepresentative.b.Asalesagent.c.Aforeigndistributor.d.Afreightforwarder.e.Acustomsbroker.ANSWER:aPOINTS:1DIFFICULTY:ModerateNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Comprehension

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37.Whichofthefollowingstatementsmostaccuratelydescribesthetraditionaleconomicclimateindevelopingcountries:a.Theyarelargelycommunistcountries.b.Theyhavewell-developedfreemarketmechanisms.c.Theyhavemixedeconomieswithstrongcentralplanningfeatures.d.TheeconomiesofdevelopingcountriesmakethempracticallyunsuitableforWesterncompaniestodobusinessthere.ANSWER:cPOINTS:1DIFFICULTY:ChallengingNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Analysis38.Whichofthefollowingisnotacharacteristicofmultinationalcorporations:a.TheUnitedStatesisusuallytheirhomenation.b.Theyderivecapitalresourcesworldwide.c.Theyoperatefacilitiesofproductioninmorethanonecountry.d.Theymoveproduction,technology,andcapitaltothosecountrieswiththemosthospitableenvironment.ANSWER:aPOINTS:1DIFFICULTY:ModerateNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Analysis39.InthecaseInreUnionCarbideCorporationGasPlantDisasteratBhopal,theU.S.courtruled:a.ThatUnionCarbidewascriminallyresponsibleforthedeathsattheIndianplant.b.ThatUnionCarbidewasliabletotheplaintiffsunderIndianlaw.c.ThatUnionCarbidewasnotresponsibleforthenegligentactsofitssubsidiaryinIndia.d.ThatthecasebroughtinU.S.courtsshouldbetransferredtothecourtsofIndia.ANSWER:dPOINTS:1DIFFICULTY:ChallengingNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Analysis

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40.InGaskinv.StummHandelGmbH,theDistrictCourtruled:a.Thatemploymentcontractsmustbeinwriting.b.ThattheplaintiffwasexcusedfromperformingacontractwritteninGermanbecauseheunderstoodonlyEnglish.c.Thatthecontractwasunconscionablebecauseitwaswritteninalanguageforeigntotheplaintiff.d.Thattheplaintiff'ssigningofajuraldocumentmakesthesignatoryconclusivelyboundANSWER:dPOINTS:1DIFFICULTY:ModerateNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Application41.Whichofthefollowingdoesnotgenerallycharacterizeforeigndistributors?a.Theyareindependentfirms.b.Theyareusuallylocatedinthecountryfromwhichthegoodsareexported.c.Theyassumetherisksofwarehousingthegoods.d.Theoftentrailendusersoftheproduct.ANSWER:bPOINTS:1DIFFICULTY:ChallengingNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Synthesis42.Whichofthefollowingdoesnotaccuratelycharacterizeexportmanagementcompanies?a.Theyactasadvisorsorconsultants.b.Theyengageinforeignmarketresearch.c.Theyexhibitgoodsatforeigntradeshows.d.Theyusetheirextensivesalescontractstomarkettheproductsofothercompanies.ANSWER:dPOINTS:1DIFFICULTY:ModerateNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-BUSPROG-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Analysis

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43.TheArabSpringtransformationthathastakenshapeinEgyptisanexampleofnegativedeterrencetoforeigndirectinvestmenta.Thelegalenvironmentb.Globalfinancialcrisisc.Economicrecessiond.PoliticalriskANSWER:dPOINTS:1DIFFICULTY:ChallengingNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Evaluation44.TheWorldIntellectualPropertyOrganization,orWIPO,isaspecializedagencyofthe:a.UnitedNations.b.WorldTradeOrganization.c.WorldCustomsOrganization.d.InternationalChamberofCommerce.ANSWER:aPOINTS:1DIFFICULTY:EasyNATIONALSTANDARDS:UnitedStates-UnitedStates-BUSPROG:ReflectiveThinkingSTATESTANDARDS:UnitedStates-Ohio-UnitedStates-AICPA-BB-LegalTOPICS:IntroductiontoBusinessLawKEYWORDS:Bloom's:Knowledge45.WhichofthefollowingisNOTanexampleofthetransferoftechnology?a.Medicalresearchersatauniversityprovidingresearchdatatoapharmaceuticalcompanyaspartofanefforttofindacureforcancer.b.AcomputerprogrammersharinghersourcecodewiththepublicviatheInternet.c.Awebsitedesignerdownloadingacopyofaphotographforuseonawebsite,withoutthephotographer'sknowledgeorpermission.d.Afranchisorteachinganewfranchiseownerhowtosetupandrunhisfranchise,usingthefranchisor'smethodsandmaterials.ANSWER:cPOINTS:1DIFFICULTY:ModerateNATIONALSTANDARDS:UnitedStates-UnitedStates-BUSPROG:ReflectiveThinkingSTATESTANDARDS:UnitedStates-Ohio-UnitedStates-AICPA-BB-LegalTOPICS:IntroductiontoBusinessLawKEYWORDS:Bloom's:Analysis

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46.Asaformofforeigndirectinvestment,aforeignbranchisabusinesspresencebytheinvestorinthecountry.a.homeb.hostc.neighboringd.localANSWER:bPOINTS:1DIFFICULTY:EasyNATIONALSTANDARDS:UnitedStates-UnitedStates-BUSPROG:ReflectiveThinkingSTATESTANDARDS:UnitedStates-Ohio-UnitedStates-AICPA-BB-LegalTOPICS:IntroductiontoBusinessLawKEYWORDS:Bloom's:KnowledgeSubjectiveShortAnswer47.Compareandcontrastthethreebasicformsofinternationalbusinessormarketentrystrategies.ANSWER:Answerswillvary.POINTS:1DIFFICULTY:ChallengingLEARNINGOBJECTIVES:IBLE.SADE.12.1-ComparativeAnalyticalQuestionsNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Synthesis48.Weightherisksandbenefitsofenteringtheinternationalmarketwiththoseofenteringordoingbusinessinthedomesticmarket.ANSWER:Answernotprovided.POINTS:1DIFFICULTY:ChallengingLEARNINGOBJECTIVES:IBLE.SADE.12.1-ComparativeAnalyticalQuestionsNATIONALSTANDARDS:UnitedStates-BUSPROG-ReflectiveThinkingSTATESTANDARDS:UnitedStates-AICPA-AICPA-BB-LegalTOPICS:IntroductiontoInternationalBusinessLawKEYWORDS:Bloom's:Evaluation

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