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Business Law - Chapter 3 (Fully answered exam questions for perfect grades)

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Business Law - Chapter 3

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Business Law - Chapter 3

International law applies to states, international organizations, businesses, and individuals across borders. - ANSWER-True The UN's General Assembly - ANSWER-is composed of all its member nations, which propose and vote on resolutions The Secretariat is the UN body charged with maintaining i...

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Subido en 20 de octubre de 2024
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Business Law - Chapter 3 (Fully
answered exam questions for perfect
grades)
International law applies to states, international organizations, businesses, and
individuals across borders. - ANSWER-True

The UN's General Assembly - ANSWER-is composed of all its member nations, which
propose and vote on resolutions

The Secretariat is the UN body charged with maintaining international peace. -
ANSWER-False

World Bank - ANSWER-End poverty by encouraging development; loan money to the
poorest countries on favorable terms

IMF - ANSWER-Foster worldwide economic growth and financial stability

WIPO - ANSWER-Promote the protection of intellectual property: patents, copyrights,
trademarks, and industrial design

UNCITRAL - ANSWER-Harmonize international business law by proposing model
legislation on topics such as international payments and e-commerce

International law - ANSWER-has no single source of law or enforcement mechanism

Which of the following describe conduct and entities that are covered by international
law - ANSWER-Rules governing outer space

Rules governing the sea

Disputes between nations

, Laws of war

International businesses

Public International Law - ANSWER-A country's acquisition of territory

Rules governing shared resources like space and the oceans

The treatment of refugees

Private International Law - ANSWER-A business in an international commercial
transactions

An individual in an international legal transaction

The five permanent members of the UN Security Council are - ANSWER-France

Russia

China

The United Kingdom

The United States

Which of the following are reasons why the ICJ has not been an important force in
resolving international business disputes? - ANSWER-Only countries can bring a case
before the ICJ

The court has no enforcement power

The ICJ only has jurisdiction over states that have agreed to be bound by its decisions

The world's largest global business organization is - ANSWER-The ICC

The International Chamber of Commerce

The ICC makes law - ANSWER-False

"FOB" is an example of - ANSWER-incoterm rules

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