A+ Answers of the following Questions

Question 1
Secure Investments, Inc., a U.S. firm, expands into international markets through a joint venture. In this situation, Secure owns
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 2
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
a. a joint venture. 
b. franchising. 
c. indirect exporting. 
d. licensing. 

Question 3
Suisse International, a Swiss maker of athletic equipment, enters into a price fixing agreement with Total World Sports, a U.S. wholesaler of Suisse’s products. U.S. courts will apply U.S. antitrust laws if
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 1
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
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 2
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
a. the act of state doctrine. 
b. the doctrine of sovereign immunity. 
c. the Foreign Corrupt Practices Act. 
d. the principle of comity. 

Question 3
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
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 1
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 2
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 3
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 1
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.

Question 2
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 3
Suisse International, 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 1
Guard Personnel Company is charged with using hiring practices that do not meet requirements set by the Transportation Safety Administration (TSA). The administrative law judge orders Guard to comply with the TSAs regulations. Guard may
Choose one answer.
a. appeal to the commission that governs the TSA. 
b. appeal to Congress, which created the TSA. 
c. appeal to a different, separate agency. 
d. ignore the order. 

Question 2
In reviewing the actions of the U.S. Office of Nuclear Energy and other agencies, the courts
Choose one answer.
a. are usually reluctant to review questions of fact. 
b. rarely defer to the technical expertise of administrative agencies. 
c. often rule on the merits of policy determinations. 
d. all of the choices. 

 

Question 3
Independent regulatory agencies such as the Federal Trade Commission are
Choose one answer.
a. not part of the governments executive branch. 
b. outside the major departments of the governments executive branch. 
c. subagencies of executive agencies. 
d. subject to more executive authority than executive agencies. 

 
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