BUSI 3250 COMPREHENSIVE EXAM UPDATED
QUESTIONS AND ANSWERS SURE A+
✔✔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 -
✔✔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 - ✔✔quicker, cheaper, and more private than litigation.
✔✔Arbitration is a private solution that is - ✔✔more private than litigation.
✔✔A patent gives the inventor - ✔✔exclusive right to manufacture, exploit, use and sell
the invention for a given time period.
✔✔Trademarks are defined as - ✔✔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. - ✔✔True
✔✔The international environment includes all the uncontrollable forces originating
outside the home country that surround and influence the firm - ✔✔False
✔✔International economic analysts should provide economic data on both actual and
prospective markets. - ✔✔True
✔✔The World Bank categorizes countries based on GNI per capita, using the following
categories: - ✔✔high income economies, middle income economies, low income
economies
✔✔The International Monetary Fund would characterize a developing economy as one
of which - ✔✔technology is not as developed
✔✔When an international manager is considering where to do business, one of the first
considerations is - ✔✔the size of the economy
✔✔Unrecorded transactions in an economy, such as goods and services that are
bartered, are said to be part of which economy? - ✔✔informal
✔✔GNI/capita, a crude estimate of purchasing power, must be further refined by -
✔✔incorporating data on how the national income is actually distributed
QUESTIONS AND ANSWERS SURE A+
✔✔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 -
✔✔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 - ✔✔quicker, cheaper, and more private than litigation.
✔✔Arbitration is a private solution that is - ✔✔more private than litigation.
✔✔A patent gives the inventor - ✔✔exclusive right to manufacture, exploit, use and sell
the invention for a given time period.
✔✔Trademarks are defined as - ✔✔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. - ✔✔True
✔✔The international environment includes all the uncontrollable forces originating
outside the home country that surround and influence the firm - ✔✔False
✔✔International economic analysts should provide economic data on both actual and
prospective markets. - ✔✔True
✔✔The World Bank categorizes countries based on GNI per capita, using the following
categories: - ✔✔high income economies, middle income economies, low income
economies
✔✔The International Monetary Fund would characterize a developing economy as one
of which - ✔✔technology is not as developed
✔✔When an international manager is considering where to do business, one of the first
considerations is - ✔✔the size of the economy
✔✔Unrecorded transactions in an economy, such as goods and services that are
bartered, are said to be part of which economy? - ✔✔informal
✔✔GNI/capita, a crude estimate of purchasing power, must be further refined by -
✔✔incorporating data on how the national income is actually distributed
