Business Law - Chapter 3 (Fully
answered exam questions for perfect
grades)
International law applies to states, international organizations, businesses, and
individuals across borders. - ANSWER-True
The UN's General Assembly - ANSWER-is composed of all its member nations, which
propose and vote on resolutions
The Secretariat is the UN body charged with maintaining international peace. -
ANSWER-False
World Bank - ANSWER-End poverty by encouraging development; loan money to the
poorest countries on favorable terms
IMF - ANSWER-Foster worldwide economic growth and financial stability
WIPO - ANSWER-Promote the protection of intellectual property: patents, copyrights,
trademarks, and industrial design
UNCITRAL - ANSWER-Harmonize international business law by proposing model
legislation on topics such as international payments and e-commerce
International law - ANSWER-has no single source of law or enforcement mechanism
Which of the following describe conduct and entities that are covered by international
law - ANSWER-Rules governing outer space
Rules governing the sea
Disputes between nations
, Laws of war
International businesses
Public International Law - ANSWER-A country's acquisition of territory
Rules governing shared resources like space and the oceans
The treatment of refugees
Private International Law - ANSWER-A business in an international commercial
transactions
An individual in an international legal transaction
The five permanent members of the UN Security Council are - ANSWER-France
Russia
China
The United Kingdom
The United States
Which of the following are reasons why the ICJ has not been an important force in
resolving international business disputes? - ANSWER-Only countries can bring a case
before the ICJ
The court has no enforcement power
The ICJ only has jurisdiction over states that have agreed to be bound by its decisions
The world's largest global business organization is - ANSWER-The ICC
The International Chamber of Commerce
The ICC makes law - ANSWER-False
"FOB" is an example of - ANSWER-incoterm rules
answered exam questions for perfect
grades)
International law applies to states, international organizations, businesses, and
individuals across borders. - ANSWER-True
The UN's General Assembly - ANSWER-is composed of all its member nations, which
propose and vote on resolutions
The Secretariat is the UN body charged with maintaining international peace. -
ANSWER-False
World Bank - ANSWER-End poverty by encouraging development; loan money to the
poorest countries on favorable terms
IMF - ANSWER-Foster worldwide economic growth and financial stability
WIPO - ANSWER-Promote the protection of intellectual property: patents, copyrights,
trademarks, and industrial design
UNCITRAL - ANSWER-Harmonize international business law by proposing model
legislation on topics such as international payments and e-commerce
International law - ANSWER-has no single source of law or enforcement mechanism
Which of the following describe conduct and entities that are covered by international
law - ANSWER-Rules governing outer space
Rules governing the sea
Disputes between nations
, Laws of war
International businesses
Public International Law - ANSWER-A country's acquisition of territory
Rules governing shared resources like space and the oceans
The treatment of refugees
Private International Law - ANSWER-A business in an international commercial
transactions
An individual in an international legal transaction
The five permanent members of the UN Security Council are - ANSWER-France
Russia
China
The United Kingdom
The United States
Which of the following are reasons why the ICJ has not been an important force in
resolving international business disputes? - ANSWER-Only countries can bring a case
before the ICJ
The court has no enforcement power
The ICJ only has jurisdiction over states that have agreed to be bound by its decisions
The world's largest global business organization is - ANSWER-The ICC
The International Chamber of Commerce
The ICC makes law - ANSWER-False
"FOB" is an example of - ANSWER-incoterm rules
