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Copyright Cengage Learning. Powered by Cognero. Page 1

True / False

• Customs brokers are government inspection officials who have the responsibilities of inspecting and regulating the

shipment of goods and services imported into the United States.

• True
• False

ANSWER: False

POINTS: 1

DIFFICULTY: Moderate

QUESTION TYPE: True / False

HAS VARIABLES: False

NATIONAL STANDARDS: United States - BUSPROG: Hard - BUSPROG: Reflective Thinking United States - Standard ID - BUSPROG

STATE STANDARDS: United States - AICPA - AICPA - BB-Legal

TOPICS: Obtaining Professional Assistance

KEYWORDS: Bloom's:Knowledge

DATE CREATED: 8/24/2017 3:33 PM

DATE MODIFIED: 8/24/2017 3:33 PM

• Non-tariff barriers, such as technical standards, do not have a significant influence on how firms make their trade and

investment decisions.

• True
• False

ANSWER: False

POINTS: 1

DIFFICULTY: Moderate

QUESTION TYPE: True / False

HAS VARIABLES: False

NATIONAL STANDARDS: United States - BUSPROG: Hard - BUSPROG: Reflective Thinking

STATE STANDARDS: United States - AICPA - AICPA - BB-Legal

TOPICS: Introduction to International Business Law

KEYWORDS: Bloom's:Analysis

DATE CREATED: 8/24/2017 3:33 PM

DATE MODIFIED: 8/24/2017 3:33 PM

• Small and medium-size companies lack the competitive advantage to compete with large multinational corporations

and therefore have little to contribute to the international marketplace.

• True
• False

ANSWER: False

POINTS: 1

DIFFICULTY: Moderate

QUESTION TYPE: True / False

HAS VARIABLES: False

NATIONAL STANDARDS: United States - BUSPROG: Hard - BUSPROG: Reflective Thinking (International Business Law and Its Environment, 10e Richard Schaffer, Filiberto Agusti, Lucien J. Dhooge) (Test Bank all Chapters) 1 / 4

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STATE STANDARDS: United States - AICPA - AICPA - BB-Legal

TOPICS: Introduction to International Business Law

KEYWORDS: Bloom's:Evaluation

DATE CREATED: 8/24/2017 3:33 PM

DATE MODIFIED: 8/24/2017 3:33 PM

• Intellectual property rights are valuable assets that can be licensed to a foreign licensee as a means to penetrate a

foreign market rather than establish a wholly owned subsidiary.

• True
• False

ANSWER: True

POINTS: 1

DIFFICULTY: Moderate

QUESTION TYPE: True / False

HAS VARIABLES: False

NATIONAL STANDARDS: United States - BUSPROG: Hard - BUSPROG: Reflective Thinking

STATE STANDARDS: United States - AICPA - AICPA - BB-Legal

TOPICS: Introduction to International Business Law

KEYWORDS: Bloom's: Evaluation

DATE CREATED: 8/24/2017 3:33 PM

DATE MODIFIED: 8/24/2017 3:33 PM

• Trade consists of the import and export of goods or services.
• True
• False

ANSWER: True

POINTS: 1

QUESTION TYPE: True / False

HAS VARIABLES: False

NATIONAL STANDARDS: United States - BUSPROG: Hard - BUSPROG: Reflective Thinking

STATE STANDARDS: United States - AICPA - AICPA - BB-Legal

TOPICS: Introduction to International Business Law

KEYWORDS: Bloom's: Knowledge

DATE CREATED: 8/24/2017 3:33 PM

DATE MODIFIED: 8/24/2017 3:33 PM

• Exporting is the shipment of goods or rendering of services to a foreign buyer located in a foreign country.
• True
• False

ANSWER: True

POINTS: 1

QUESTION TYPE: True / False

HAS VARIABLES: False

NATIONAL STANDARDS: United States - BUSPROG: Hard - BUSPROG: Reflective Thinking

STATE STANDARDS: United States - AICPA - AICPA - BB-Legal

TOPICS: Introduction to International Business Law 2 / 4

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KEYWORDS: Bloom's: Application

DATE CREATED: 8/24/2017 3:33 PM

DATE MODIFIED: 8/24/2017 3:33 PM

• The three forms of international business are exporting, importing, and licensing.
• True
• False

ANSWER: False

POINTS: 1

QUESTION TYPE: True / False

HAS VARIABLES: False

NATIONAL STANDARDS: United States - BUSPROG: Hard - BUSPROG: Reflective Thinking

STATE STANDARDS: United States - AICPA - AICPA - BB-Legal

TOPICS: Introduction to International Business Law

KEYWORDS: Bloom's: Application

DATE CREATED: 8/24/2017 3:33 PM

DATE MODIFIED: 8/24/2017 3:33 PM

• Indirect exporters commonly employ the services of export trading companies and export management companies.
• True
• False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: True / False

HAS VARIABLES: False

NATIONAL STANDARDS: United States - BUSPROG: Hard - BUSPROG: Reflective Thinking

STATE STANDARDS: United States - AICPA - AICPA - BB-Legal

TOPICS: Introduction to International Business Law

KEYWORDS: Bloom's: Comprehension

DATE CREATED: 8/24/2017 3:33 PM

DATE MODIFIED: 8/24/2017 3:33 PM

• Indirect exporting but not direct exporting involves sales through sales agents or to foreign distributors.
• True
• False

ANSWER: False

POINTS: 1

DIFFICULTY: Moderate

QUESTION TYPE: True / False

HAS VARIABLES: False

NATIONAL STANDARDS: United States - BUSPROG: Hard - BUSPROG: Reflective Thinking

STATE STANDARDS: United States - AICPA - AICPA - BB-Legal

TOPICS: Introduction to International Business Law

KEYWORDS: Bloom's: Synthesis 3 / 4

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DATE CREATED: 8/24/2017 3:33 PM

DATE MODIFIED: 8/24/2017 3:33 PM

• International licensing agreements are contracts by which the holder of intellectual property grants certain rights in

that property to a foreign firm for a specified period of time.

• True
• False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: True / False

HAS VARIABLES: False

NATIONAL STANDARDS: United States - BUSPROG: Hard - BUSPROG: Reflective Thinking

STATE STANDARDS: United States - AICPA - AICPA - BB-Legal

TOPICS: Introduction to International Business Law

KEYWORDS: Bloom's: Comprehension

DATE CREATED: 8/24/2017 3:33 PM

DATE MODIFIED: 8/24/2017 3:33 PM

• A potential negative aspect of the transfer of technology is that the licensee could be your competitor in the future.
• True
• False

ANSWER: True

POINTS: 1

DIFFICULTY: Moderate

QUESTION TYPE: True / False

HAS VARIABLES: False

NATIONAL STANDARDS: United States - BUSPROG: Hard - BUSPROG: Reflective Thinking

STATE STANDARDS: United States - AICPA - AICPA - BB-Legal

TOPICS: Introduction to International Business Law

KEYWORDS: Bloom's:Synthesis

DATE CREATED: 8/24/2017 3:33 PM

DATE MODIFIED: 8/24/2017 3:33 PM

• A host country refers to the country under whose laws the investing corporation was created or is headquartered.
• True
• False

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: True / False

HAS VARIABLES: False

NATIONAL STANDARDS: United States - BUSPROG: Hard - BUSPROG: Reflective Thinking

STATE STANDARDS: United States - AICPA - AICPA - BB-Legal

TOPICS: Introduction to International Business Law

KEYWORDS: Bloom's: Analysis

• / 4