Question41 Secure Investments, Inc., a U.S. firm, expands…

Question41
Secure Investments, Inc., a U.S. firm, expands into international markets through a joint venture. In this situation, Secure owns
Choose one answer.
a. all of the operation, and its profits and liabilities.
b. all of the operation, and none of its profits and liabilities.
c. none of the operation, and none of its profits and liabilities.
d. part of the operation, and shares its profits and liabilities.
Question 42
Significant business develops in Mexico for Eye Contact Cosmetics, Inc., a U.S. firm. Eye Contact appoints Ojos, Ltd., a Mexican firm, to act as Eye Contacts marketing representative in Mexico. This is
Choose one answer.
a. a joint venture.
b. franchising.
c. indirect exporting.
d. licensing.
Question 43
Suisse Internationale, a Swiss maker of athletic equipment, enters into a price fixing agreement with Total World Sports, a U.S. wholesaler of Suisses products. U.S. courts will apply U.S. antitrust laws if
Choose one answer.
a. the agreement was made in Switzerland.
b. the agreement was made in the United States.
c. the price fixing has a substantial effect on U.S. commerce.
d. the Swiss government agrees to be sued in the United States.
Question 44
The United States and other members of a certain organization agree to grant normal trade relations status on each other with regard to imports and exports. This organization is
Choose one answer.
a. the Convention on Contracts for the International Sale of Goods.
b. the International Export-Import Bank.
c. the United Nations.
d. the World Trade Organization.
Question 45
To obtain a contract with the Chinese government, Digby Engineering Corporation, a U.S. firm, gives a Chinese official a sport utility vehicle. This may violate
Choose one answer.
a. the act of state doctrine.
b. the doctrine of sovereign immunity.
c. the Foreign Corrupt Practices Act.
d. the principle of comity.
Question 46
Two Japanese firms¾Mikato, Ltd., and Shuzushi, Ltd.¾enter into a joint venture in an attempt to increase their market share of the U.S. auto market. If the joint venture is not a per se violation of U.S. antitrust laws, a U.S. court could exercise jurisdiction over the firms
Choose one answer.
a. if the joint venture has a substantial effect on U.S. commerce.
b. if the joint venture has any effect on U.S. commerce.
c. if the joint venture was entered into in the United States.
d. under no circumstances.
Question 47
UniOil, a U.S. firm, owns property in Venezuela. When the government of Venezuela seizes the property, UniOil asks a U.S. court to order the propertys return. The court rules that Venezuela is exempt from the courts jurisdiction. This is
Choose one answer.
a. a travesty of justice.
b. the act of state doctrine.
c. the doctrine of sovereign immunity.
d. the principle of comity.
Question 48
Vieux Carré S.A., a French firm, imports its goods into the United States and offers those goods for sale at "less than fair value." "Fair value" is the price of
Choose one answer.
a. comparable goods in a select "basket" of other countries.
b. Vieux Carrés goods in France.
c. Vieux Carrés goods in the United States.
d. Vieux Carrés goods on the world market.
Question 49
WiFi Corporation, a U.S. firm, signs a contract with Bueno Computadores, Ltd., an Argentinean firm, for a shipment and payment for WiFis goods. This is
Choose one answer.
a. a distribution agreement.
b. a joint venture.
c. direct exporting.
d. licensing.
Question 50
Yokio, Ltd., and Zeno, S.A., transact an international sale of goods. At the request of these parties, a court in Portugal resolves a dispute between them. A U.S. court will most likely honor the judgment
Choose one answer.
a. if it is consistent with U.S. laws and public policy.
b. if it is consistent with Portuguese laws and public policy.
c. if it does not benefit the U.S. to deny it.
d. under no circumstances.