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International Business Law, A+ rated exam questions and answers with guaranteed accuracy
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  • Course
  • International Business Law
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  • International Business Law

Tariffs on imported products are imposed for which of the following reasons: - ANSWER-a. Collection of revenue. b. Protection of domestic industries. c. To assert political objectives. d. All of the above. The correct answer is: All of the above. Firms that assist indirect exporters and are...

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  • October 20, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • international business law a rated exam questions
  • tariffs on imported products are imposed for which

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International Business Law, A+ rated
exam questions and answers with
guaranteed accuracy
Tariffs on imported products are imposed for which of the following reasons: -
ANSWER-a. Collection of revenue.

b. Protection of domestic industries.

c. To assert political objectives.

d. All of the above.

The correct answer is: All of the above.



Firms that assist indirect exporters and are licensed to operate under the antitrust laws
of the U.S. are: - ANSWER-Export trading companies.



International franchising allows the franchisee the right to use a(n): - ANSWER-
Copyright



A cooperative business arrangement between two or more companies may be a: -
ANSWER-a. Partnership.

b. Joint venture. Incorrect

c. Corporation.

d. All of the above.



The correct answer is: All of the above.



Foreign investment in the U.S. is often called: - ANSWER-Direct investment.



Which of the following does not accurately characterize export management
companies? - ANSWER-They use their extensive sales contracts to market the
products of other companies.

, The multinational conference that met at Bretton Woods, New Hampshire, in 1944 was
instrumental in creating: - ANSWER-The World Bank



The basic resources of the IMF come from: - ANSWER-Quota subscriptions by member
nations



The International Chamber of Commerce is: - ANSWER-A worldwide organization with
business community memberships.



Public international law involves: - ANSWER-Relationships between nations that are
reflected in treaties, conventions, or charters.



The forum for public international law disputes is: - ANSWER-International Court of
Justice.



Islamic law is based on: - ANSWER-Sunnah.



All of the following are purposes of the International Chamber of Commerce except: -
ANSWER-a. Represent business via intergovernmental institutions.

b. Harmonize international business practices.

c. Sell shares in international business corporations. Correct

d. Provide a link with countries with different economic systems.



The correct answer is: Sell shares in international business corporations.



The Organization for Economic Cooperation and Development (OECD) has developed -
ANSWER-Codes of conduct for companies and host countries in an attempt to set
ethical standards for both.



The United States has, in part, accepted the jurisdiction of the International Court of
Justice. The U.S. acceptance does not apply to: - ANSWER-a. Disputes the parties
have entrusted to other tribunals.

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