INTERNATIONAL BUSINESS
LAW QUESTIONS AND REVIEWED
ANSWERS
Tariffs on imported products are imposed for which of
the following reasons:
a. Collection of revenue.
b. Protection of domestic industries.
c. To assert political objectives.
d. All of the above.
The correct answer is: All of the above.
Firms that assist indirect exporters and are licensed
to operate under the antitrust laws of the U.S. are:
Export trading companies.
International franchising allows the franchisee the
right to use a(n):
Copyright
A cooperative business arrangement between two or
more companies may be a:
a. Partnership.
b. Joint venture. Incorrect
c. Corporation.
d. All of the above.
The correct answer is: All of the above.
Foreign investment in the U.S. is often called:
Direct investment.
, Which of the following does not accurately
characterize export management companies?
They use their extensive sales contracts to market the
products of other companies.
The multinational conference that met at Bretton
Woods, New Hampshire, in 1944 was instrumental in
creating:
The World Bank
The basic resources of the IMF come from:
Quota subscriptions by member nations
The International Chamber of Commerce is:
A worldwide organization with business community
memberships.
Public international law involves:
Relationships between nations that are reflected in
treaties, conventions, or charters.
The forum for public international law disputes is:
International Court of Justice.
Islamic law is based on:
Sunnah.
All of the following are purposes of the International
Chamber of Commerce except:
a. Represent business via intergovernmental institutions.
b. Harmonize international business practices.
c. Sell shares in international business corporations.
Correct
d. Provide a link with countries with different economic
systems.
The correct answer is: Sell shares in international
business corporations.
LAW QUESTIONS AND REVIEWED
ANSWERS
Tariffs on imported products are imposed for which of
the following reasons:
a. Collection of revenue.
b. Protection of domestic industries.
c. To assert political objectives.
d. All of the above.
The correct answer is: All of the above.
Firms that assist indirect exporters and are licensed
to operate under the antitrust laws of the U.S. are:
Export trading companies.
International franchising allows the franchisee the
right to use a(n):
Copyright
A cooperative business arrangement between two or
more companies may be a:
a. Partnership.
b. Joint venture. Incorrect
c. Corporation.
d. All of the above.
The correct answer is: All of the above.
Foreign investment in the U.S. is often called:
Direct investment.
, Which of the following does not accurately
characterize export management companies?
They use their extensive sales contracts to market the
products of other companies.
The multinational conference that met at Bretton
Woods, New Hampshire, in 1944 was instrumental in
creating:
The World Bank
The basic resources of the IMF come from:
Quota subscriptions by member nations
The International Chamber of Commerce is:
A worldwide organization with business community
memberships.
Public international law involves:
Relationships between nations that are reflected in
treaties, conventions, or charters.
The forum for public international law disputes is:
International Court of Justice.
Islamic law is based on:
Sunnah.
All of the following are purposes of the International
Chamber of Commerce except:
a. Represent business via intergovernmental institutions.
b. Harmonize international business practices.
c. Sell shares in international business corporations.
Correct
d. Provide a link with countries with different economic
systems.
The correct answer is: Sell shares in international
business corporations.
