IB 300 Test questions with answers
well defined
The U.S. and the EU both - ANS✅✅- Competition laws are strictly enforced, in order to prevent
price fixing, market sharing, and business monopolies.
One difference between the U.S. and EU approach to antitrust law is that - ANS✅✅The U.S.
imposed travel bans on specific individuals, froze assets of specific individuals and companies, and
banned high-technology trade with Russia. These sanctions were somewhat stronger than those of
EU, largely because Europe is more dependent on oil and gas from Russia than is the U.S.
The per se concept of U.S. law, under which certain activities, such as price fixing, are said to be
illegal "per se." The EU Treaty of Rome articles do not contain this per se illegality concept of U.S.
antitrust law, concerned with "harm"
The U.S. antitrust law contains both civil and criminal penalties, - ANS✅✅and the criminal
penalties apply to foreign companies even if the conspiracy took place outside of the US
The Foreign Corrupt Practices Act (FCPA) is U.S. legislation that - ANS✅✅Prohibits payments to
foreign government officials in order to receive special treatment.
Prohibits bribery by American companies abroad
The FCPA has - ANS✅✅brought the discussion of bribery into the open, which has been positive
Anyone studying legal forces affecting international business soon realizes - ANS✅✅the variety of
these forces complicates the task of understanding the laws of international law
The main sources of international law are - ANS✅✅bilateral and unilateral treaties along with
customary law
The Alien Tort Statute allows foreigners to - ANS✅✅File claims in the US courts for violation of
international law that may have occurred beyond US borders
, Arbitration is often preferred when the contract stipulates U.S. law and one of the litigants is foreign
because it is - ANS✅✅-seen as a desirable alternative to the US court system by non-US
companies. In particular, discovery, jury trials, and punitive tort awards are seen as problematic
-Often preferred by foreign litigants because it is perceived as fairer, faster, cheaper, and more
confidential than are the courts.
Intellectual property includes - ANS✅✅trademarks, trade names, copy rights, trade secrets,
anything that is the result of things created using someone's intellect
Which of the following is not true about China, compared to India? - ANS✅✅the increase in the
average age population has slowed dramatically.
According to the book, economic analyses become more complex when a firm enters overseas
markets because, unlike the situation for a company operating domestically - ANS✅✅-there are
many economies, interactions between them, and values are highly divergent
-Management must operate in two new environments, foreign and international.
The ________ includes all the uncontrollable forces originating outside the home country that
surround and influence the firm. - ANS✅✅Foreign Environment
International economic analyses - ANS✅✅-management requires economic data and
socioeconomic data. Uses data from governmental and international organizations. To assess the
overall economy and the impact of economic changes to the firm. Should provide economic data on
actual and prospective markets.
-Economic forces are among the most significant uncontrollable forces in the external environment
businesses face.
_______ refers to the total value of all income generated by the residents of a nation, including both
the domestic production of goods and services and income from abroad. - ANS✅✅Gross National
Income (GNI)
Most developing nations share the following characteristic(s): - ANS✅✅-low material standard of
living, low savings rates, unproductive agricultural sector, political instability, high illiteracy rate,
widespread malnutrition, etc.
-unequal distribution of income, with a very small middle class.
well defined
The U.S. and the EU both - ANS✅✅- Competition laws are strictly enforced, in order to prevent
price fixing, market sharing, and business monopolies.
One difference between the U.S. and EU approach to antitrust law is that - ANS✅✅The U.S.
imposed travel bans on specific individuals, froze assets of specific individuals and companies, and
banned high-technology trade with Russia. These sanctions were somewhat stronger than those of
EU, largely because Europe is more dependent on oil and gas from Russia than is the U.S.
The per se concept of U.S. law, under which certain activities, such as price fixing, are said to be
illegal "per se." The EU Treaty of Rome articles do not contain this per se illegality concept of U.S.
antitrust law, concerned with "harm"
The U.S. antitrust law contains both civil and criminal penalties, - ANS✅✅and the criminal
penalties apply to foreign companies even if the conspiracy took place outside of the US
The Foreign Corrupt Practices Act (FCPA) is U.S. legislation that - ANS✅✅Prohibits payments to
foreign government officials in order to receive special treatment.
Prohibits bribery by American companies abroad
The FCPA has - ANS✅✅brought the discussion of bribery into the open, which has been positive
Anyone studying legal forces affecting international business soon realizes - ANS✅✅the variety of
these forces complicates the task of understanding the laws of international law
The main sources of international law are - ANS✅✅bilateral and unilateral treaties along with
customary law
The Alien Tort Statute allows foreigners to - ANS✅✅File claims in the US courts for violation of
international law that may have occurred beyond US borders
, Arbitration is often preferred when the contract stipulates U.S. law and one of the litigants is foreign
because it is - ANS✅✅-seen as a desirable alternative to the US court system by non-US
companies. In particular, discovery, jury trials, and punitive tort awards are seen as problematic
-Often preferred by foreign litigants because it is perceived as fairer, faster, cheaper, and more
confidential than are the courts.
Intellectual property includes - ANS✅✅trademarks, trade names, copy rights, trade secrets,
anything that is the result of things created using someone's intellect
Which of the following is not true about China, compared to India? - ANS✅✅the increase in the
average age population has slowed dramatically.
According to the book, economic analyses become more complex when a firm enters overseas
markets because, unlike the situation for a company operating domestically - ANS✅✅-there are
many economies, interactions between them, and values are highly divergent
-Management must operate in two new environments, foreign and international.
The ________ includes all the uncontrollable forces originating outside the home country that
surround and influence the firm. - ANS✅✅Foreign Environment
International economic analyses - ANS✅✅-management requires economic data and
socioeconomic data. Uses data from governmental and international organizations. To assess the
overall economy and the impact of economic changes to the firm. Should provide economic data on
actual and prospective markets.
-Economic forces are among the most significant uncontrollable forces in the external environment
businesses face.
_______ refers to the total value of all income generated by the residents of a nation, including both
the domestic production of goods and services and income from abroad. - ANS✅✅Gross National
Income (GNI)
Most developing nations share the following characteristic(s): - ANS✅✅-low material standard of
living, low savings rates, unproductive agricultural sector, political instability, high illiteracy rate,
widespread malnutrition, etc.
-unequal distribution of income, with a very small middle class.
