Global marketing management 8th edition by keegan test bank

Answer: FALSE AACSB: Analytical thinking Difficulty: Easy 4 Expropriation is said to have occurred when a foreign national company dispossesses a home-country company through uncompetiti

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Global Marketing Management, 8e (Keegan)

Chapter 3 The Political, Legal, and Regulatory Environments of Global Marketing

1) Political risk tends to be higher in developing countries compared to industrialized countries Answer: TRUE

AACSB: Analytical thinking

Difficulty: Easy

2) Many companies make efforts to minimize their tax liability by shifting the location

of income

Answer: TRUE

Difficulty: Easy

3) Creeping expropriation is said to have occurred when a previously expropriated

property by the government is returned to the original owners

Answer: FALSE

Difficulty: Easy

4) Expropriation is said to have occurred when a foreign national company dispossesses a home-country company through uncompetitive practices

Answer: FALSE

Difficulty: Easy

5) If a foreign company is taken over by the host-country government and some form of

compensation is paid, confiscation is said to have occurred

Answer: FALSE

Difficulty: Easy

6) A government can limit the economic activities of a foreign firm that resists its effort to introduce home-country nationals into the company

Answer: TRUE

Difficulty: Moderate

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7) Foreign properties expropriated by a government cannot be

reclaimed Answer: FALSE

Difficulty: Easy

8) Private International Law is the body of law that applies to interpretations of and disputes arising from commercial transactions between companies of different nations

Answer: TRUE

9) Most countries that were once part of the British Empire now have civil law systems Answer: FALSE

Difficulty: Easy

10) Common law cases are decided by precedents set in past judicial decisions

Answer: TRUE

Difficulty: Easy

11) If a foreign company can be shown to be doing business in the United States, then it is subject to the jurisdiction of U.S courts

Answer: TRUE

Difficulty: Easy

12) Typically, all economic activity within a nation is governed by that nation's laws Answer: TRUE

Difficulty: Easy

13) In the United States, a patent holder retains all rights for the life of the patent only if the product is produced or sold

Answer: FALSE

Difficulty: Easy

14) An associative counterfeit uses a product name that differs slightly from a

well-known brand but is close enough that consumers will associate it with the genuine

product Answer: TRUE

Difficulty: Easy

15) Brand value is one of the most important assets that a business holds

Answer: TRUE

Difficulty: Easy

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16) Antitrust laws are designed to restrict new competition from entering foreign markets Answer: FALSE

Difficulty: Easy

17) U.S companies are subject to U.S antitrust laws no matter what country they are doing business in

Answer: TRUE

Difficulty: Easy

18) Each act of privatization dilutes the command portion of a mixed economic system

Answer: TRUE

19) In the United States, laws do not regulate the licensing process per se as do technology transfer laws in the EU, Australia, Japan, and many developing countries

Answer: TRUE

20) Licensing agreements do not come under antitrust scrutiny

Answer: FALSE

Difficulty: Easy

21) A company hoping to protect its trade secrets from being stolen by a foreign company can seek relief under the Trade-Related Aspects of Intellectual Property Rights (TRIPs) agreement Answer: TRUE

Difficulty: Easy

22) U.S individuals are exempted from being prosecuted for bribery under the Foreign

Corrupt Practices Act

Answer: FALSE

Difficulty: Easy

23) A common economic characteristic of countries with pervasive corruption is a lack of integration with the global economy

Answer: TRUE

Difficulty: Easy

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24) A U.S company is exempt from the Foreign Corrupt Practices Act if a host-country citizen serving as an agent for the company pays a bribe to a government official in the host country Answer: FALSE

25) The fact that the United States has more lawyers per 100,000 people than other countries is,

in part, a reflection of the low-context nature of American culture

Answer: TRUE

Difficulty: Easy

26) Generally, companies find that the fastest, easiest, and least expensive way to

resolve international commercial disputes is litigation

Answer: FALSE

Difficulty: Easy

27) By law, U.S courts can be discretionary while accepting an arbitrator's decision in patent disputes

Answer: FALSE

Difficulty: Easy

28) GATT is primarily based on the principle of trade protectionism

Answer: FALSE

Difficulty: Easy

29) Which of the following statements is true about the political risks in a

global marketing environment?

A) The political risk of low-income countries is lesser than high-income countries

B) The more a country is developed, the greater is the political risk

C) Political risk is a major deterrent for companies that want to invest abroad

D) A country with high political risks attracts more investors

Answer: C

30) Which of the following is an approach that foreign companies in the United States use for avoiding taxes on their revenues?

A) confiscation

B) liquidation

C) expropriation

D) earnings stripping

Answer: D

Difficulty: Easy

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31) refers to governmental action to dispossess a company or

investor A) Equity dilution

B) Deracination

C) Expropriation

D) Earnings stripping

Answer: C

Difficulty: Easy

32) occurs if ownership of a property or assets of a company is transferred to the host government

A) Internalization

B) Nationalization

C) Deportation D)

Deracination

Answer: B

Difficulty: Easy

33) When a nation refuses to accept the judgment against it made by the International Court of Justice, the plaintiff nation can seek recourse through the

A) International Law Commission

B) Permanent Court of International Justice

C) United Nations Security Council

D) World Bank Investment Dispute Settlement Center

Answer: C

34) Which of the following statements is true about code law?

A) In code-law countries, intellectual property rights are established by prior use

B) It is established based on the rulings from previous cases

C) It uses written norms, which are complemented by court decisions

D) In code-law countries, companies are granted the ability to operate by public authority Answer: C

35) The national laws applying to a transaction crossing boundaries must be determined by

A) both parties involved in the agreement

B) only the host-country government

C) only parent-country government

D) the International Law Commission

Answer: A

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36) Which of the following statements is true about patent and trademark protection in

the global marketing environment?

A) Patents and trademarks protected in one country are not necessarily protected in another B) Foreign organizations can register patents and trademarks only in their parent country C) Patent and trademark laws are the same across all nations

D) Trademarks and patents cannot be counterfeited

Answer: A

37) refers to the unauthorized copying or production of a product

A) Accommodation

B) Embezzlement

C) Counterfeiting

D) Expropriation

Answer: C

AACSB: Ethical understanding and reasoning

Difficulty: Easy

38) In many parts of the world, sales of unauthorized videos of Hollywood movies cost the movie studios billions of dollars When illegal copies of movies are made, what form of

intellectual property has been wrongly appropriated?

A) patent B)

copyright C)

trademark D)

trade secrets

Answer: B

Difficulty: Easy

39) Which of the following business practices does the Sherman Act of 1890 prohibit?

A) limiting production

B) betting

C) licensing

trademarks D) direct

investments Answer: A

Difficulty: Easy

40) How can a licensor prevent a licensee from using the licensed technology to compete with it directly?

A) by allowing the licensee to continue using the technology after the contract has expired B) by limiting the licensee to selling only in the home country

C) by keeping the licensed technology

unchanged D) by cancelling the contractual

agreement Answer: B

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41) are confidential information or knowledge that has commercial value

A) Copyrights

B) Trade secrets

C) Trademarks

D) Patents

Answer: B

Difficulty: Easy

42) Which of the following is an example of a trade secret?

A) customer list

B) brand logo

C) product price

D) company

profit Answer: A

Difficulty: Easy

43) Which of the following marked the first international trade agreement with

provisions for protecting trade secrets?

A) EPA

B) EU

C) NAFTA D)

TRIPs Answer:

C Difficulty:

Easy

44) refers to the misuse of entrusted power for private gain

A) Corruption

B) Counterfeiting

C) Piracy

D) Imitation

Answer: A

Difficulty: Easy

45) consists of isolated transactions executed by individual public officials that abuse their office

A) Bureaucratic corruption

B) Earnings stripping

C) Grand corruption

D) Influence peddling

Answer: A Difficulty:

Easy

46) Which of the following is an example of grand corruption?

A) isolated transactions executed by individual public officials that abuse their office

B) favors granted in exchange for personal consideration to a public official

C) collusion between members of the private sector and public officials for mutual benefit D) state officials misusing large amounts of public resources over a prolonged period

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Answer: D

47) involves collusion between members of private sector and public officials

to gain mutual benefit

A) Bureaucratic corruption

B) State capture

C) Grand corruption

D) Expropriation

Answer: B

Difficulty: Easy

48) Which of the following is an economic attribute shared by countries with a

high perceived level of corruption?

A) high levels of poverty

B) high economic growth rate

C) free trade policies

D) low import

tariffs Answer: A

Difficulty: Easy

49) Americans doing business abroad must conform to proper ethical and legal behavior as spelled out by the

A) TRIPs

B) FCPA C)

FERA D) ICJ

Answer: B

Difficulty: Easy

50) Which of the following has been empowered to resolve conflicts between national law and EU law?

A) the European Court of Auditors

B) the European Court of Justice

C) the International Chamber of Commerce

D) the International Criminal Court

Answer: B

Difficulty: Easy

51) Which of the following replaced the General Agreement on Tariffs and Trade?

A) the World Trade Organization

B) the European Union

C) the North American Free Trade Agreement

D) the World Intellectual Property Organization

Answer: A

Difficulty: Easy

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