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

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    Tru e / False 1. Globa l sourcin g i s th e ter m commonl y use d t o describ e th e proces s b y whic h a fir m attempt s t o locat e an d purchase good s o r service s o n a worldwid e basis. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY : Easy NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law OTHER: Bloom's : Knowledge 2. Custom s broker s ar e governmen t inspectio n official s wh o hav e th e responsibilitie s o f inspectin g an d regulatin g the shipmen t o f good s an d service s importe d int o th e Unite d States. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking Unite d State s - Standar d I D - BUSPROG STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Obtainin g Professiona l Assistance KEYWORDS: Bloom's:Knowledge 3. No n tarif f barrier s suc h a s technica l standard s d o no t hav e a significan t influenc e o n ho w firm s mak e thei r trad e and investmen t decisions. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's:Analysis

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    4. Smal l an d medium - siz e companie s lac k th e competitiv e advantag e t o compet e wit h larg e multinationa l corporations an d therefor e hav e littl e t o contribut e t o th e internationa l marketplace. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's:Evaluation 5. Intellectua l propert y right s ar e valuabl e asset s tha t ca n b e license d t o a foreig n license e a s a mean s t o penetrat e a foreig n marke t rathe r tha n establis h a wholl y owne d subsidiary. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Evaluation 6. Trad e consist s o f th e impor t an d expor t o f good s o r services. a. True b. False ANSWER: True POINTS: 1 NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Knowledge 7. Exportin g i s th e shipmen t o f good s o r renderin g o f service s t o a foreig n buye r locate d i n a foreig n country. a. True b. False ANSWER: True POINTS: 1 NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Application

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    8. Th e thre e form s o f internationa l busines s ar e exporting , importing , an d licensing. a. True b. False ANSWER: False POINTS: 1 NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Application 9. Indirec t exporter s commonl y emplo y th e service s o f expor t tradin g companie s an d expor t managemen t companies. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY : Easy NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Comprehension 10. Indirec t exportin g bu t no t direc t exportin g involve s sale s throug h sale s agent s o r t o foreig n distributors. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Synthesis 11. Internationa l licensin g agreement s ar e contract s b y whic h th e holde r o f intellectua l propert y grant s certai n right s in tha t propert y t o a foreig n fir m fo r a specifie d perio d o f time. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY : Easy NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Comprehension

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    12. A potentia l negativ e aspec t o f th e transfe r o f technolog y i s tha t th e license e coul d b e you r competito r i n th e future. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's:Synthesis 13. A hos t countr y refer s t o th e countr y unde r whos e law s th e investin g corporatio n wa s create d o r i s headquartered. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY : Easy NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Analysis 14. A hom e countr y refer s t o th e countr y unde r whos e law s th e investin g corporatio n wa s create d o r i s incorporated. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY : Easy NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Analysis 15. Currenc y exchang e ris k canno t b e manage d becaus e th e fluctuation s o f currencie s canno t b e predicted. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Analysis

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    16. A sovereig n natio n ha s th e powe r t o nationaliz e a foreig n privat e enterpris e withou t compensation. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's:Application 17. Freigh t forwarder s ar e regulate d b y th e Departmen t o f Stat e an d arrang e th e transportatio n o f good s fo r the importe r an d represen t th e importe r wit h customs. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's:Knowledge 18. Freigh t forwarder s ac t a s th e seller' s o r exporter' s agent. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY : Easy NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Knowledge

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    19. Th e Worl d Intellectua l Propert y Organizatio n define s intellectua l propert y right s a s “lega l right s whic h resul t from intellectua l activit y i n th e industrial , scientific , literary , an d artisti c fields.” a. True b. False ANSWER: True POINTS: 1 DIFFICULTY : Easy NATIONAL STANDARDS: Unite d State s - Unite d State s - BUSPROG : Reflectiv e Thinking STATE STANDARDS: Unite d State s - Ohi o - Unite d State s - AICP A - BB - Legal TOPICS: Introductio n t o Internationa l Business 20. A compan y tha t make s unauthorize d copie s o f a movi e an d sell s th e copie s o n DVD s i s infringin g o n th e movie owner’ s intellectua l propert y rights. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY : Easy NATIONAL STANDARDS: Unite d State s - Unite d State s - BUSPROG : Reflectiv e Thinking STATE STANDARDS: Unite d State s - Ohi o - Unite d State s - AICP A - BB - Legal TOPICS: Introductio n t o Busines s Law KEYWORDS: Bloom's : Comprehension Multipl e Choice 21. I n Daya n v . McDonald' s Corporatio n , th e cour t rule d that: a. McDonald' s qualit y standard s wer e inadequat e unde r Frenc h law. b. Th e McDonald' s franchis e contrac t wa s illega l unde r Frenc h law. c. McDonald' s ha d fulfille d it s responsibilit y t o th e franchise e i n Franc e unde r U.S . law. d. Th e Frenc h d o no t lik e hamburgers. ANSWER: c POINTS: 1 DIFFICULTY : Difficult NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Difficult

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    22. Th e typ e o f ris k tha t include s control s o n exports , imports , control s o n th e movemen t o f currency , restriction s on licensin g an d investment , an d control s ove r physica l propert y locate d i n a countr y is: a. Lega l risk. b. Politica l risk. c. Economi c risk. d. Currenc y risk. ANSWER: b POINTS: 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Analysis 23. Tariff s o n importe d product s ar e impose d fo r whic h o f th e followin g reasons: a. Collectio n o f revenue. b. Protectio n o f domesti c industries. c. T o asser t politica l objectives. d. Al l o f th e above. ANSWER: d POINTS: 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Analysis 24. Tw o example s o f nontarif f barrier s tha t refe r t o quantitativ e restriction s o n importin g an d a tota l o r nea r tota l ba n on trad e respectivel y are: a. Partia l embargoes , embargoes. b. Trad e seizures , limits. c. Embargoes , quotas. d. Quotas , embargoes. ANSWER: d POINTS: 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Application

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    25. Th e shipmen t o f good s o r renderin g o f service s t o a foreig n buye r locate d i n a foreig n countr y is: a. Importing. b. Exporting. c. Foreig n exchange. d. A and B. ANSWER: b POINTS: 1 DIFFICULTY : Easy NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Comprehension 26. Th e proces s o f buyin g good s fro m a foreig n supplie r an d enterin g the m int o th e custom s territor y o f a different countr y is: a. Exporting. b. Internationa l exchange. c. Trad e b y design. d. Non e o f th e above. ANSWER: d POINTS: 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Analysis 27. Th e tw o type s o f exportin g are: a. Impartial ; partial. b. Direct ; indirect. c. Foreign ; domestic. d. Individual ; joint. ANSWER: b POINTS: 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Application

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    28. Expor t managemen t companie s assis t indirec t exporter s b y servin g as: a. Consultants. b. Attorneys. c. Foreig n currenc y traders. d. Accountants. ANSWER: a POINTS: 1 DIFFICULTY : Easy NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Knowledge 29. Firm s tha t assis t indirec t exporter s an d ar e license d t o operat e unde r th e antitrus t law s o f th e U.S . are: a. Expor t managemen t companies. b. Indirec t exporte r merchants. c. Expor t tradin g companies. d. Non e o f th e above. ANSWER: c POINTS: 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Comprehension 30. Internationa l licensin g agreement s pertai n t o form s o f intellectua l propert y suc h as: a. Books , songs , inventions. b. Trademarks , copyrights , patents. c. Rea l estate , persona l property. d. Contracts. ANSWER: b POINTS: 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Comprehension

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    31. Internationa l franchisin g allow s th e franchise e th e righ t t o us e a(n): a. Expor t managemen t company. b. Expor t tradin g company. c. Copyright. d. Non e o f th e above. ANSWER: c POINTS: 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Comprehension 32. Internationa l busines s ma y b e classifie d int o whic h o f th e followin g thre e categories: a. Trade , import/export , foreig n exchange. b. Internationa l licensin g agreements , investments , law. c. Trade , internationa l licensin g agreements , investment. d. Internationa l licensin g agreements , trade , franchising. ANSWER: c POINTS: 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Application 33. A cooperativ e busines s arrangemen t betwee n tw o o r mor e companie s ma y b e a: a. Partnership. b. Join t venture. c. Corporation. d. Al l o f th e above. ANSWER: d POINTS: 1 DIFFICULTY : Difficult NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Analysis

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    34. Th e concep t o f loca l participatio n refer s to: a. A portio n o f th e employee s o f th e busines s i n th e hos t countr y wil l b e national s o f th e hom e country. b. Employee s o f th e busines s contribut e a certai n numbe r o f hour s t o communit y service. c. A portio n o f th e busines s mus t b e owne d b y national s o f th e hos t country. d. Th e hos t countr y retain s minera l rights. ANSWER: c POINTS: 1 DIFFICULTY : Challenging NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Application 35. I f a part y doe s no t fulfil l thei r obligation s a s se t fort h i n a sale s contract , i t i s know n as: a. Non - payment. b. Termination. c. Non - performance. d. Al l o f th e above. ANSWER: c POINTS: 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Analysis 36. A n independen t fir m tha t purchase s good s fo r resal e directl y fro m th e exporter , assume s credi t risk s i n th e local market , an d provide s produc t servic e an d suppor t i s know n as: a. A foreig n sale s representative. b. A sales agent. c. A foreig n distributor. d. A freigh t forwarder. e. A custom s broker. ANSWER: a POINTS: 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Comprehension

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    37. Whic h o f th e followin g statement s mos t accuratel y describe s th e traditiona l economi c climat e i n developing countries: a. The y ar e largel y communis t countries. b. The y hav e well - develope d fre e marke t mechanisms. c. The y hav e mixe d economie s wit h stron g centra l plannin g features. d. Th e economie s o f developin g countrie s mak e the m practicall y unsuitabl e fo r Wester n companie s t o do busines s there. ANSWER: c POINTS: 1 DIFFICULTY : Challenging NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Analysis 38. Whic h o f th e followin g i s no t a characteristi c o f multinationa l corporations: a. Th e Unite d State s i s usuall y thei r hom e nation. b. The y deriv e capita l resource s worldwide. c. The y operat e facilitie s o f productio n i n mor e tha n on e country. d. The y mov e production , technology , an d capita l t o thos e countrie s wit h th e mos t hospitabl e environment. ANSWER: a POINTS: 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Analysis 39. In the case I n r e Unio n Carbid e Corporatio n Ga s Plan t Disaste r a t Bhopa l , th e U.S . cour t ruled: a. Tha t Unio n Carbid e wa s criminall y responsibl e fo r th e death s a t th e India n plant. b. Tha t Unio n Carbid e wa s liabl e t o th e plaintiff s unde r India n law. c. Tha t Unio n Carbid e wa s no t responsibl e fo r th e negligen t act s o f it s subsidiar y i n India. d. Tha t th e cas e brough t i n U.S . court s shoul d b e transferre d t o th e court s o f India. ANSWER: d POINTS: 1 DIFFICULTY : Challenging NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Analysis

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    40. I n Gaski n v . Stum m Hande l Gmb H , th e Distric t Cour t ruled: a. Tha t employmen t contract s mus t b e i n writing. b. Tha t th e plaintif f wa s excuse d fro m performin g a contrac t writte n i n Germa n becaus e h e understoo d only English. c. Tha t th e contrac t wa s unconscionabl e becaus e i t wa s writte n i n a languag e foreig n t o th e plaintiff. d. Tha t th e plaintiff' s signin g o f a jura l documen t make s th e signator y conclusivel y bound ANSWER: d POINTS: 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's:Application 41. Whic h o f th e followin g doe s no t generall y characteriz e foreig n distributors? a. The y ar e independen t firms. b. The y ar e usuall y locate d i n th e countr y fro m whic h th e good s ar e exported. c. The y assum e th e risk s o f warehousin g th e goods. d. Th e ofte n trai l en d user s o f th e product. ANSWER: b POINTS: 1 DIFFICULTY : Challenging NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Synthesis 42. Whic h o f th e followin g doe s no t accuratel y characteriz e expor t managemen t companies? a. The y ac t a s advisor s o r consultants. b. The y engag e i n foreig n marke t research. c. The y exhibi t good s a t foreig n trad e shows. d. The y us e thei r extensiv e sale s contract s t o marke t th e product s o f othe r companies. ANSWER: d POINTS: 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: Unite d State s - AICP A - BUSPRO G - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Analysis

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    43. Th e Ara b Sprin g transformatio n tha t ha s take n shap e i n Egyp t i s a n exampl e o f negativ e deterrenc e t o foreig n direct investment a. Th e lega l environment b. Globa l financia l crisis c. Economi c recession d. Politica l risk ANSWER: d POINTS: 1 DIFFICULTY : Challenging NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's:Evaluation 44. Th e Worl d Intellectua l Propert y Organization , o r WIPO , i s a specialize d agenc y o f the: a. Unite d Nations. b. Worl d Trad e Organization. c. Worl d Custom s Organization. d. Internationa l Chambe r o f Commerce. ANSWER: a POINTS: 1 DIFFICULTY : Easy NATIONAL STANDARDS: Unite d State s - Unite d State s - BUSPROG : Reflectiv e Thinking STATE STANDARDS: Unite d State s - Ohi o - Unite d State s - AICP A - BB - Legal TOPICS: Introductio n t o Busines s Law KEYWORDS: Bloom's : Knowledge 45. Whic h o f th e followin g i s NO T a n exampl e o f th e transfe r o f technology? a. Medica l researcher s a t a universit y providin g researc h dat a t o a pharmaceutica l compan y a s par t o f a n effort t o fin d a cur e fo r cancer. b. A compute r programme r sharin g he r sourc e cod e wit h th e publi c vi a th e Internet. c. A websit e designe r downloadin g a cop y o f a photograp h fo r us e o n a website , withou t th e photographer's knowledg e o r permission. d. A franchiso r teachin g a ne w franchis e owne r ho w t o se t u p an d ru n hi s franchise , usin g th e franchisor's method s an d materials. ANSWER: c POINTS: 1 DIFFICULTY : Moderate NATIONAL STANDARDS: Unite d State s - Unite d State s - BUSPROG : Reflectiv e Thinking STATE STANDARDS: Unite d State s - Ohi o - Unite d State s - AICP A - BB - Legal TOPICS: Introductio n t o Busines s Law KEYWORDS: Bloom's : Analysis

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    46. A s a for m o f foreig n direc t investment , a foreig n branc h i s a busines s presenc e b y th e investo r i n th e country. a. home b. host c. neighboring d. local ANSWER: b POINTS: 1 DIFFICULTY : Easy NATIONAL STANDARDS: Unite d State s - Unite d State s - BUSPROG : Reflectiv e Thinking STATE ST ANDARDS: Unite d State s - Ohi o - Unite d State s - AICP A - BB - Legal TOPICS: Introductio n t o Busines s Law KEYWORDS: Bloom's : Knowledge Subjectiv e Shor t Answer 47. Compar e an d contras t th e thre e basi c form s o f internationa l busines s o r marke t entr y strategies. ANSWER: Answer s wil l vary. POINTS: 1 DIFFICULTY : Challenging LEARNING OBJECTIVES: IBLE.SADE.12. 1 - Comparativ e Analytica l Questions NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Synthesis 48. Weig h th e risk s an d benefit s o f enterin g th e internationa l marke t wit h thos e o f enterin g o r doin g busines s i n the domesti c market. ANSWER: Answe r no t provided. POINTS: 1 DIFFICULTY : Challenging LEARNING OBJECTIVES: IBLE.SADE.12. 1 - Comparativ e Analytica l Questions NATIONAL STANDARDS: Unite d State s - BUSPRO G - Reflectiv e Thinking STATE STANDARDS: United States - AICPA - AICPA - BB - Legal TOPICS: Introductio n t o Internationa l Busines s Law KEYWORDS: Bloom's : Evaluation

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