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Global Business Chapter 5 Test - Government & Legal Influences on Trade and Legal Disputes Flashcards | StudBud
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Global Business Chapter 5 Test - Government & Legal Influences on Trade and Legal Disputes
Global Business Chapter 5 Test - Government & Legal Influences on Trade and Legal Disputes
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#trade #legaldisputes #globalbusiness
Flashcards
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Questions
35
Answers
1
Common law is NOT mostly found in Great Britain.
False
True
2
What is a disadvantage of going to court to solve a conflict?
Can take a long time and be very expensive
Having an attorney helps ensure that their wishes are clear
Involvement of juries ensures that the community have a role
Decisions by courts are enforced through the power of govt
3
Original work in a tangible medium of expression that can be copyrighted/patented/trademarked?
Owner's Rights
Intellectual Property
None of the above
Free Trade Agreement
4
Gives an inventor exclusive rights to manufacture/sell/use an invention (can be old or new)
Copyright
Patent
Ownership
Trademark
5
What is it called when people can buy goods from other countries without paying extra taxes?
Liability
Free Trade Zone
Democracy
Free Trade Agreement
6
What is a legal protection of a creator's intellectual property or product called?
Trademark
Ownership
Copyright
Patent
7
Litigation is
process to resolved disputes through the court system
All of the above
Decision is made by an independent individual that's binding
process that promotes resolution of conflict outside court
8
Which legal dispute can be resolved by a person of any age?
Arbitration
Mediation
Civil Court
Litigation
9
When governments have characteristics that fall somewhere between democracies and totalitarian?
Liberals
Mixed Systems
Conservatives
Theocracy
10
Gives businesses favorable tax credits/financing/other incentives to encourage economic develop
Free trade zone
Enterprise zone
None of the above
Fair trade zone
11
Government system in which the nation's citizens hold political power
democracy
totalitarianism
isolationism
socialism
12
Which intellectual property is only granted for a limited amount of time
Trademark
Slogan
Patent
Copyright
13
Author, composer, or artist are all examples of who can be protected with trademark.
True
False
14
Type of totalitarian government whose leaders claim to be inspired by divine guidance.
democracy
isolationism
totalitarianism
theocracy
15
What is a set of codes based on broad legal principles?
Democratic Law
Common Law
Civil Law
Theocratic Law
16
Common law interprets laws.
False
True
17
Which legal dispute is less expensive, less complicated, and faster?
Civil Court
Litigation
Mediation
Arbitration
18
What is a risk associated with liability?
Witnesses can sue violators for damages
Businesses can be forced to shut down
If unemployed, the violators are not responsible for damages
All of the above
19
Civil Law applies the civil codes
True
False
20
Set of laws based on local customs, traditions, and precedent?
Theocratic Law
Democratic Law
Civil Law
Common Law
21
What is a set of laws based on religious teachings?
Civil Law
Theocratic Law
Common Law
Democratic Law
22
Where can Civil Law be found?
Germany
Japan
France
All of these places
23
Which of the following do Labor Laws NOT regulate?
Holidays
Minimum wage rates
Right to strike
Right to form a labor union
24
Type of gov't system in which citizens have no influence on the gov'ts policies and laws
isolationism
theocracy
totalitarianism
democracy
25
Which type of legal dispute is slow, expensive, and complicated?
Mediation
Arbitration
Independent Clause
Litigation
26
What is a legal responsibility for the financial cost of another person's losses or injuries?
Liability
IOU
Lawsuit
Debt
27
Many organizations include which kind of legal dispute clause in their business contract?
Independent Clause
Litigation
Mediation
Arbitration
28
Treaty b/n countries in which the countries do not charge taxes, duties, or tariffs on goods
democracy
Free trade zone
isolationism
Free trade agreement
29
What can be used when dealing with terms of a contract, payments, and injuries from a product?
Mediation
Litigation
Arbitration
Legal Conference
30
Says which country’s law’s will apply to the suit is called
choice of country clause
choice of law clause
choice of forum clause
home country clause
31
Foreign policy that combines avoidance of political/military alliances with econ. nationalism?
War Zone
Intellectual Property
Free Trade Zone
Isolationism
32
What is a device that legally identifies ownership of a registered brand or trade name?
Ownership
Trademark
Copyright
Patent
33
With totalitarianism, the governmental leader rules by what?
Death
Guidance
Law
Force
34
Theocratic Law bans paying or accepting interest on a debt.
False
True
35
Judges have less flexibility with Common Law.
False
True
