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Bus 250, ole miss- exam 2 || with Error-free Solutions.
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Export Control correct answers "all nations limit what may be exported." ...federal government to restrict exports if they endanger national security, harm foreign policy goals, or drain scarce resources." What act regulates export control? correct answers Export administration act of 1985. it ...

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  • August 3, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • export control

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  • Bus 250,
  • Bus 250,

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Bus 250, ole miss- exam 2 || with Error-free Solutions.
Export Control correct answers "all nations limit what may be exported."
...federal government to restrict exports if they endanger national security, harm foreign policy
goals, or drain scarce resources."

What act regulates export control? correct answers Export administration act of 1985. it balances
free trade with national security

Controlled Commodities Act correct answers List of items that MUST be regulated.
need a license to trade
Gov must know the item is being traded.

Arms Export control correct answers "...permits the President to create a second list of controlled
goods, all related to military weaponry.
"....no person may export any listed item without a license."

Main group of people the Arms Control Act pertain to? correct answers US based companies that
sell weapons domestically as well as internationally.

Import Controls correct answers Security of what is being brought into the US

Tariffs correct answers ".. the most widespread method of limiting what may be imported into a
nation."
a tax on incoming good that drives the cost of the import up while the domestic product cost
remains lower.

Tariff facts?? correct answers - higher or lower tariffs depend on the country.
-food is heavily regulated
-the amount can change depending on the subject matter. (how much the product is needed)

Dumping correct answers ".... selling merchandise at one price in the domestic market and at a
cheaper, unfair price in an international market.
- hard and expensive to maintain
-allows an advantage for that country, creates jobs

Subsidizing correct answers "... Occurs when a government offers a domestic company a tax
break that allows the company to produce their good at a much reduced cost."
- if a company sells a product for x and it would normally be y, the US charges x as a duty.

International sales agreement correct answers opening a company with an in demand product in
another country

What would be important to think about in an INTL Sales Agreement? correct answers -What
law governs? (united nations)
-where do you bring a claim if theres a problem? (forum issues)

, -Currency and language

Repatriation of profits correct answers "... occurs when an investing company pulls its earnings
out of a foreign country and takes them back home."

How do countries handle repatriation of profits? correct answers some countries put limits to
keep money circulating through the economy while other provide unlimited repatriation to
promote international companies investing in their economy.

Expropriation correct answers "when a government takes property owned by foreign investors"
-to build roads, highways, etc.

Tort correct answers A violation of a duty imposed by the civil law. French word meaning
"wrong"

When is a tort committed? correct answers 1. a duty owed by one person to another
2. is breached and proximately causes injury or damage to the owner of a legally protected
interest.

Negligence tort correct answers a surge takes the wrong kidney- simply not paying enough
attention

interference with a contract correct answers a business steals a client- messing with someone on
purpose

How does a tort proceed in a court case? correct answers the injured party must seek
compensation themselves.

Defamation correct answers Concerns false statements that harm someone's reputation.

Libel correct answers Written defamation

Slander correct answers Oral Form of Defamation

Defamatory statement correct answers A factual statement that is likely to harm another person's
reputation. (slag statements, or opinions, are not defamatory statements)
-ex: calling someone a *******.

Falsity correct answers The statement must be false.
making a true statement, no matter how mean, is not defamation.

Communicated correct answers The statement must be communicated to at least one other
person other than the plaintiff.
If no one else hears/reads the message, then no harm is done.
Defamation does not protect against hurt feelings.

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