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