1) Which of the following statements is true of civil law systems?
a) Precedent is the most important official source of civil law.
b) The judicial branch can create its own law.
c) The legislative branch has ultimate authority.
d) Juries are used as fact finders.
2) A multimillion-dollar U.S. project to construct a suspension bridge is in progress. True Structures Inc. in Canada shares both profits and responsibilities for the project with Three Towers Inc., a firm based in the United States. This is an example of a:
a) franchise agreement.
b) horizontal acquisition.
c) licensing agreement.
d) joint venture.
3) Due to certain political conflicts, United Cadvia decided to place a ban on all industrial imports from Frensland. This is an example of a(n) _____.
a) quota
b) excise duty
c) embargo
d) lockout
4) The Foreign Corrupt Practices Act (FCPA) prohibits U.S. companies from:
a) locating their manufacturing units in less developed foreign countries.
b) merging or entering into joint ventures with other foreign companies.
c) paying bribes to foreign government officials for the purpose of obtaining business.
d) transferring their intellectual property to other developed countries.
5) _____ is best described as the practice wherein an exporter sells products in a foreign state for less than the price charged for the same or comparable goods in the exporter's home market.
a) Share discounting
b) Subsidizing
c) Crowd sourcing
d) Dumping