VSB 4002 EXAM 1 QUESTIONS & ANSWERS 2024/2025
T/F: The FCPA makes it illegal for entities covered by the Act to conceal evidence of illicit payments made to foreign government officials through falsification of records and/or misspecification of expenses - ANSWERSTrue
T/F: When implementing...
T/F: The FCPA makes it illegal for entities covered by the Act to conceal evidence of illicit payments made
to foreign government officials through falsification of records and/or misspecification of expenses -
ANSWERSTrue
T/F: When implementing corporate level strategies, firms can create marketing synergies between
portfolio SBUs by exploiting overlapping market segments and piggy-back distribution systems -
ANSWERSTrue
T/F: SIEM technologies assist Donor Organizations in protecting their IPs by tracking shipments of "Grey
Market" goods from outsourcer locations to international market destinations - ANSWERSFalse
T/F: Nondisclosure agreements between IP donor firms and their offshore outsourcers should specify
that all legal disputes involving IPs should be resolved through litigation - ANSWERSFalse
T/F: In developing action plans to implement functional-level strategies, a lack of goal clarity frequently
causes employees to allocate effort and resources toward task activities that are not critical to
implementing the firm's business-level strategy - ANSWERSTrue
T/F: Arbitration of IP disputes between offshore outsourcers and IP donor firms serves to eliminate the
"home field" advantage that the outsourcer may enjoy in their domestic legal systems - ANSWERSTrue
A manufacturing organization has decided to re-organize the manner in which it implements its strategy.
the Firm has elected to retain its current manufacturing capabilities and acquire both distribution and
raw material subsidiaries. This type of business model would be an example of - ANSWERSFull Vertical
Integration
When legal systems lack common law traditions specifying the fiduciary duty of employees to protect
their employer's "interest in contracts", - ANSWERSformer employees may be able to legally utilize trade
secrets learned as a result of their prior employment for purposes of starting their own business if they
have not signed personal nondisclosure/non-compete agreements
, When using the ESRI Business Research Anayst, Index Numbers - ANSWERSrepresent the expressed
interest/participation that persons in a County have in a particular activity, product or service in relation
to the national average
in dealing with contract disputes with value chain partners (VCPs) arbitration - ANSWERS-Can permit "IP
donors" to avoid litigation in the VCPs national court system and negate the legal "home field advantage"
of these business partners
-May eliminate the need to validate foreign legal judgments before they can be enforced against VCPs in
their home countries
-May have the enforce ability of a court decision provided that the countries of the "IP donor" and value
chain partner are signatories to the NY Convention
the core competencies needed for the successful implementation of Enterprise Level Strategies include: -
ANSWERSthe ability to shape or influence the decisions of legislators and government officials to be
compatible with corporate/business level strategic objectives
an organization has decided to implement a ew security program in order to prevent the theft of trade
secrets. A critical element of this security program is to conduct physical searches of employees in order
to make sure that they are not smuggling trade secrets out of the organization on their "physical
person". This action of the employer is likely to be considered - ANSWERSillegal because they violate the
employee's reasonable expectation of privacy in the workplace
an organization is desirous of identifying potential business prospects for its new B-2-B product line.
Which of the following competitive intelligence resources might be appropriate for determining
potential sales prospects for the firm - ANSWERS-the electronic B-2-B yellow pages
- UCC Filings
A U.S. firm has recently acquired several hotel properties in the Canadian Rockies.
The firm is desirous of operating each of these properties as multi-seasonal resorts. In
order to accomplish this objective, different types of sporting, outdoor and food service
activities will need to be available to guests during winter, spring and summer seasons. Pursuant to
operating the resort properties the firm has determined that (1) current on-line and telephone-based
hotel reservation services are inadequately promoting the hotel properties and may be creating a critical
booking deficit for the hotels; (2) the local labor force contains a large number of skilled persons willing
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