COCO SOLUTIONS ACADEMIC STORE

Law vs. Ethics - Answer Laws dictate how a person MUST behave, ethics dictate how a person SHOULD behave ethics - Answer the principles of right and wrong that guide an individual in making decisions business ethics - Answer rules about how businesses and their employees ought to behave 3 steps to dealing with ethical issues - Answer 1. the decision maker should see (identify) the ethical issues involved in the proposed conduct, including the ethical implications...

Compensatory Damages - Answer k damages placing the injured party in a position as good as he one he would have held had the other party performed; equals loss of value minus loss avoided by injured party plus incidental damages plus consequential damages Loss of Value - Answer value of promised performance minus value of actual performance Cost Avoided - Answer loss or costs the injured party avoids by not having to perform Incidental Damages - Answer damages ar...

District Courts - Answer Trail courts of general jurisdiction that can hear and decide most legal controversies in the federal system Courts of Appeals - Answer hear appeals from the courts and review orders of certain administrative agencies The Supreme Court - Answer The nation's highest court, whose principal function is to review the decisions from the Court of Appeals Special Courts - Answer have jurisdiction over cases in a particular area of Federal Law...

Consideration - Answer inducement to enter into a contract that requires 1. legal sufficiency 2. bargained-for exchange Sufficiency of consideration - Answer consists of either a benefit to the promisor or a detriment to the promise Legal benefit - Answer obtaining something the party did not have a prior legal right to Legal detriment - Answer 1. doing an action, one was not legally obligated to do 2. refraining from an action that one has a legal right to d...

Uniform Commercial Code - Answer Article 2 governs sale of personal property except in Louisiana. Personal Property - Answer Any property other than an interest in private property (land). TV or car General Contract Law (Common Law) - Answer Governs all contracts outside the scope of the Code. Ex: employment contracts, service contracts, insurance contracts, contracts involving real property(land and anything attached to it) and contracts for the sale of intangibles suc...

district courts (fed) - Answer trial courts of general jurisdiction that can hear and decide most legal controversies in the federal system court of appeals (fed) - Answer hear appeals from the district courts and review orders of certain administrative agencies supreme court (fed) - Answer the nation's highest court, whose principal function is to review decisions of the Federal Courts of Appeals and the highest State courts special courts (fed) - Answer have...

Subject Matter Jurisdiction - Answer Court's ability to hear a certain type case Federal or state Subject Matter Jurisdiction (3 Types) - Answer 1) Exclusive Federal Jurisdiction 2) Concurrent Jurisdiction 3) Exclusive State Exclusive Federal Jurisdiction (5 Types) - Answer 1) Bankruptcy 2) Copyright 3) Patent 4) Federal Crimes 5) Antitrust(monopoly) Concurrent Jurisdiction for Federal Questions - Answer Issues pertaining to the US Constitution or US S...

Law - Answer Series of rules and regulations set by a rulemaking authority where there's some enforcement mechanism for violators Statutory Law - Answer Laws made by legislative branch Regulatory Law - Answer rules created by an administrative body appointed by the President Common law - Answer (judge-made law) governed by precedent Subject matter jurisdiction - Answer this concept is present if the federal court has exclusive jurisdiction OR concurre...

6 types of contracts that need to be in writing - Answer 1. suretyship agreement 2. contracts for the sale of real estate 3. contracts that cannot be completed in under 1 year 4. sale of goods equal to or more than $500 5. contracts where personal representative agrees to be responsible for the debt of a dead person 6. marriage is the consideration suretyship agreement - Answer -needs to be in writing- agreement to pay the debt of another only in the even of the primary de...

Valid Offer - Answer 1. Must be communicated 2. With intent to enter into a contract 3. Definite and Certain When are offers validly communicated? - Answer 1. As intended 2. As authorized 3. Usually in words When is there intent - Answer Specific ads are communicated with an intent to enter into a contract No - jokes, excited utterances, auctions, preliminary negotiation, general ads Definite and Certain - Answer Under state common law - all essential elemen...

Three bodies of regulations: - Answer State Common Law: Services, intangibles, real estate. Uniform Commercial Code: Regulates sales of goods, tangible, movable, and identified. CISG: International sales of goods Hybrid between good and service - Answer the good v. service, then use the correct body of law based on which was more expensive the goods or service. Goods - Answer are movable, tangible, and identifiable. Sale - Answer consists of the passing of ...

Assignment - Answer voluntary transfer to a third part of the rights arising from a k so that the assignor's right to performance is extinguished Assignor - Answer party making an assignment Assignee - Answer party to whom k rights are assigned Obligor - Answer party owing a duty to the assignor under the original k Obligee - Answer party to whom a duty of performance is owed under a k Requirements of an Assignment - Answer include intent but...

1 Exam (elaborations) Principles Of International Business Exam 1 Final Test Questions Solved Correct 2025-2026 Updated. 2 Exam (elaborations) Introduction to Business Final Exam Questions and All Correct Answers 2025-2026 Updated. 3 Exam (elaborations) International Business Review Questions and Correct Answers.

All value-adding activities - Answer including sourcing, manufacturing, and marketing - can be performed in international locations International Business - Answer Performance of trade and investment activities by firms across national borders Globalization of Markets - Answer ongoing economic integration and growing interdependency of countries worldwide international trade - Answer Exchange of products and services across national borders, typically through exp...

What is international business? How does it differ from domestic business? - Answer International business consists of business transactions between parties from more than one country 1.) transaction cross national Boundaries 2.) different Currencies 3.)different Cultures to adapt to 4.)Legal Systems one party need to adjust practices to meet local law 5.)Availability of Resources (one country could be rich in natural resources but poor in skilled labor ) 6.)Skills & Knowledge a...

Key Concepts of IB - Answer 1. Globalization of markets 2. International trade 3. International investment 4. Foreign market entry strategies 5. International business risks 6. Participants Participants in IB - Answer Firms Intermediaries facilitators governments IB v Domestic - Answer IB: conducted across national boarders distinctive business methods different: language culture politics legality economics infrastructure Internationalization - Answe...

Tariffs - Answer Taxes levied on imports that effectively raise the cost of imported products relative to domestic products Subsidies - Answer government payments to domestic producers Import Quotas - Answer restrict the quantity of some good that may be imported into a country Voluntary Export Restraints - Answer quotas on trade imposed by the exporting country, typically at the request of the importing country's government Local Content Requirements - Ans...

Globalization - Answer Movement from thinking about markets in terms of geographic areas to thinking about them as something that transcends borders; the shift towards a more integrated and interdependent world economy World-wide sourcing - Answer All types of businesses are getting inputs from several global locations Globalization of markets - Answer Merging of historically distinct and separate national markets into one huge global market; Globalization of productio...

International Business - Answer Businesses that have activities between two or more countries. World Trade Organization WTO - Answer The international organization that creates and enforces the rules governing trade among countries. Trading Block - Answer A group of two or more countries that agree to remove all restrictions between them on the sales of goods and services, while imposing barriers on trade from other countries not in the agreement. European Union - Answ...

Chapter 1: Intro to International Business Transactions - Answer the goal of teaching international business law - Answer to sensitize future entrepreneurs and lawyers to the risks of international business and the ways to manage such risks SMEs (small and medium-sized enterprises) - Answer refers to all businesses with fewer than 500 employees factors contributing to the growth of international trade - Answer - World Trade Org (WTO) - General Agreement on Tari...