BUL 5810 FSU EXAM 3 LATEST
QUESTIONS AND
ANSWERS 2026 - 2027
Assume the U.S. and Holland are GATT signatories. Under the "most-
favored nation" provision, does the U.S. tariff on Dutch imported
tobacco have to be at least as low as that charged on tobacco from any
other nation?
a. Yes, the U.S. wants to set the tariffs all the same to make calculations
easy.
b. No, the U.S. does not have to grant privileges to third countries in this
way.
c. No, the U.S. is sovereign and can set tariffs as they want.
d. Yes, any privilege granted to a third country is extended to the other
party to the treaty. - ANSWERS-d. Yes, any privilege granted to a third
country is extended to the other party to the treaty.
Assume a foreign nation has seized all of the property of Rick's Sporting
Goods, a U.S. corporation. The nation has assumed ownership of the
property for a public purpose and has paid the American corporation
what it believes to be fair compensation. Under these facts, the seizure
of property is best described as:
a. force majeure.
b. expropriation.
END OF
PAGE
1
, BUL 5810 FSU EXAM 3 LATEST
QUESTIONS AND
ANSWERS 2026 - 2027
c. confiscation.
d. eminent domain. - ANSWERS-b. expropriation.
A foreign company, partially owned by that foreign government,
manufactures cellular phones in the foreign country. The cost to the
company for the manufacture of the product is the equivalent of $100 in
the U.S. Because of excess production, the firm exports 50,000 phones
to the United States where they are sold for $110 each. If the nearest
rival U.S.-made set sells for $120, the action of the foreign company:
a. violates the WTO's antidumping provisions.
b. violates the Sherman Act, because of the involvement of the foreign
government in the company.
c. constitutes price-fixing.
d. appears to be legal. - ANSWERS-d. appears to be legal.
Command Corporation plans to start marketing products worldwide.
What forms of multinational business enterprise should it consider?
a. Wholly owned subsidiary.
b. Distributorship.
END OF
PAGE
2
, BUL 5810 FSU EXAM 3 LATEST
QUESTIONS AND
ANSWERS 2026 - 2027
c. Joint venture.
d. All of these are correct. - ANSWERS-d. All of these are correct.
Japan seeks to sell more of its kobe beef in the United States. The United
States, however, imposes a tax on Japanese beef being transported into
the United States. What is another word for this tax?
a. Tariff.
b. Import.
c. Capital.
d. None of these are correct. - ANSWERS-a. Tariff.
Thyme2Breathe, Inc. a U.S.-based herbal medicine corporation seeks to
do business in Canada. Which trade community should Thyme2Breathe
research?
a. EU
b. NAFTA
c. ICJ
d. None of these are correct. - ANSWERS-b. NAFTA
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PAGE
3
, BUL 5810 FSU EXAM 3 LATEST
QUESTIONS AND
ANSWERS 2026 - 2027
Thyme2Breathe, Inc. a U.S.-based herbal medicine corporation seeks to
do business in France. Which trade community should Thyme2Breathe
research?
a. EU
b. NAFTA
c. ICJ
d. None of these are correct. - ANSWERS-a. EU
Thyme2Breathe, Inc. a U.S.-based herbal medicine corporation files suit
in federal court against the government of Italy regarding an action that
the Italian government took against Thyme2Breathe, which has
substantial business interests in Italy. If the court dismisses the lawsuit,
what would be the grounds for the dismissal?
a. Res judicata.
b. Res ipsa loquitur.
c. Act of state doctrine.
d. None of these are correct. - ANSWERS-c. Act of state doctrine.
END OF
PAGE
4
QUESTIONS AND
ANSWERS 2026 - 2027
Assume the U.S. and Holland are GATT signatories. Under the "most-
favored nation" provision, does the U.S. tariff on Dutch imported
tobacco have to be at least as low as that charged on tobacco from any
other nation?
a. Yes, the U.S. wants to set the tariffs all the same to make calculations
easy.
b. No, the U.S. does not have to grant privileges to third countries in this
way.
c. No, the U.S. is sovereign and can set tariffs as they want.
d. Yes, any privilege granted to a third country is extended to the other
party to the treaty. - ANSWERS-d. Yes, any privilege granted to a third
country is extended to the other party to the treaty.
Assume a foreign nation has seized all of the property of Rick's Sporting
Goods, a U.S. corporation. The nation has assumed ownership of the
property for a public purpose and has paid the American corporation
what it believes to be fair compensation. Under these facts, the seizure
of property is best described as:
a. force majeure.
b. expropriation.
END OF
PAGE
1
, BUL 5810 FSU EXAM 3 LATEST
QUESTIONS AND
ANSWERS 2026 - 2027
c. confiscation.
d. eminent domain. - ANSWERS-b. expropriation.
A foreign company, partially owned by that foreign government,
manufactures cellular phones in the foreign country. The cost to the
company for the manufacture of the product is the equivalent of $100 in
the U.S. Because of excess production, the firm exports 50,000 phones
to the United States where they are sold for $110 each. If the nearest
rival U.S.-made set sells for $120, the action of the foreign company:
a. violates the WTO's antidumping provisions.
b. violates the Sherman Act, because of the involvement of the foreign
government in the company.
c. constitutes price-fixing.
d. appears to be legal. - ANSWERS-d. appears to be legal.
Command Corporation plans to start marketing products worldwide.
What forms of multinational business enterprise should it consider?
a. Wholly owned subsidiary.
b. Distributorship.
END OF
PAGE
2
, BUL 5810 FSU EXAM 3 LATEST
QUESTIONS AND
ANSWERS 2026 - 2027
c. Joint venture.
d. All of these are correct. - ANSWERS-d. All of these are correct.
Japan seeks to sell more of its kobe beef in the United States. The United
States, however, imposes a tax on Japanese beef being transported into
the United States. What is another word for this tax?
a. Tariff.
b. Import.
c. Capital.
d. None of these are correct. - ANSWERS-a. Tariff.
Thyme2Breathe, Inc. a U.S.-based herbal medicine corporation seeks to
do business in Canada. Which trade community should Thyme2Breathe
research?
a. EU
b. NAFTA
c. ICJ
d. None of these are correct. - ANSWERS-b. NAFTA
END OF
PAGE
3
, BUL 5810 FSU EXAM 3 LATEST
QUESTIONS AND
ANSWERS 2026 - 2027
Thyme2Breathe, Inc. a U.S.-based herbal medicine corporation seeks to
do business in France. Which trade community should Thyme2Breathe
research?
a. EU
b. NAFTA
c. ICJ
d. None of these are correct. - ANSWERS-a. EU
Thyme2Breathe, Inc. a U.S.-based herbal medicine corporation files suit
in federal court against the government of Italy regarding an action that
the Italian government took against Thyme2Breathe, which has
substantial business interests in Italy. If the court dismisses the lawsuit,
what would be the grounds for the dismissal?
a. Res judicata.
b. Res ipsa loquitur.
c. Act of state doctrine.
d. None of these are correct. - ANSWERS-c. Act of state doctrine.
END OF
PAGE
4
