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BUSI 3250 Final Exam Questions and Answers
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BUSI 3250 Final Exam Questions and Answers
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BUSI 3250 Final Exam Questions andAnswers
The U.S enforcement of Equal Opportunity Commission (EEOC) law in the U.S
companies operating abroad is an example of extra territorality. - Answer-True
Intellectual property includes patents and trademarks, but not copyrights. - Answer-
False
The European Patent Organization (EPO) makes filing for a patent in all 28 EU member
states more difficult than it was previously. - Answer-False
The logo that allows consumers to identify a company or product is an example of
trademark. - Answer-True
Extraterritoriality refers to - Answer-a nations attempt to enforce its law beyond its
borders.
If two English multinational companies had a dispute arising in New York City, and there
were no choice of law or choice of forum clauses in their contract, it is likely that -
Answer-they would bring their dispute to an English court.
Arbitration is often preferred when the contract stipulates U.S law and one of the
litigants is foreign because it is - Answer-quicker, cheaper, and more private than
litigation.
Arbitration is a private solution that is - Answer-more private than litigation.
A patent gives the inventor - Answer-exclusive right to manufacture, exploit, use and
sell the invention for a given time period.
Trademarks are defined as - Answer-a shape, color, design, sound, phrase,
abbreviation by which a product is designated.
The international Monetary Fund is a source of economic data that analysts can access
to asses economic conditions. - Answer-True
The international environment includes all the uncontrollable forces originating outside
the home country that surround and influence the firm - Answer-False
International economic analysts should provide economic data on both actual and
prospective markets. - Answer-True
, The World Bank categorizes countries based on GNI per capita, using the following
categories: - Answer-high income economies, middle income economies, low income
economies
The International Monetary Fund would characterize a developing economy as one of
which - Answer-technology is not as developed
When an international manager is considering where to do business, one of the first
considerations is - Answer-the size of the economy
Unrecorded transactions in an economy, such as goods and services that are bartered,
are said to be part of which economy? - Answer-informal
GNI/capita, a crude estimate of purchasing power, must be further refined by - Answer-
incorporating data on how the national income is actually distributed
A measure of the degree to which family income within a country is distributed equally is
called - Answer-the GNI index
A business would rely on the GINI index to understand - Answer-the degree to which
family income is distributed equally within a country.
The Bretton Woods system led to minimal growth in international trade but helped to
reduce inflation levels - Answer-False
The International Monetary Fund uses the U.S dollar as its unit of account - Answer-
False
In a currency board arrangement, a country's government commits to adopt the
currency of another - Answer-False
The law of one price states that in an efficient market, like products will never have like
prices - Answer-False
Countries put limitations on the convertibility of their currencies when they are
concerned that their foreign reserves could be depleted. - Answer-True
The balance of payments (BOPs) is a record of a country's transactions with its major
trading partners - Answer-False
The United States in recent years has had a significant deficit in its current account.
This means that the U.S citizens are exporting more than they are importing - Answer-
False
Bretton Woods led to an exchange rate agreement known as the Bretton Woods
System or - Answer-the gold exchange standard
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