BUSI 3250 AUBURN UPDATED ACTUAL
EXAM QUESTIONS AND CORRECT
ANSWERS COMPLETE STUDY GUIDE
●● 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
EXAM QUESTIONS AND CORRECT
ANSWERS COMPLETE STUDY GUIDE
●● 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
