Principal forms of transacting international business

Assignment Help Business Law and Ethics

Reference no: EM133194071

Question 1- Which of the below is not a step in identifying knowledge resources?
A) Locking Formulas
B) Protective Firewalls
C) Regulate Visitor Access
D) Preparing Cash flow statements

Question 2- Intellectual property rights are justified by:
A) More Productivity of New Resources
B) Individuals Work Harder to Benefit Selves, Families and Communities
C) Faster R&D
D) All of the above

Question 3- Obtaining a patent requires:
A) File application
B) Explain invention
C) Show difference from prior art
D) All of the above

Question 4- The below are considered characteristics of patentability:
A) Non obviousness
B) Novelty
C) Usefulness
D) All of the above

Question 5- Are not considered subject matter to be patented:
A) processes
B) machines
C) certain plants
D) used cars

Question 6- Advantage of the concept of trademark:
A) Represent The Origin of Goods & Services
B) Highlights Recognizability or Distinctiveness
C) Serves as a Protection Against Confusion
D) All of the above

Question 7- In order to be registered, a trademark should:
A) Not be Same or Similar to Other Mark
B) Not Merely Descriptive (Context)
C) Not Generic (Context)
D) All of the above

Question 8- A copyright gives the owner the ____ right to reproduce, distribute, perform, display, or license his work.
A) Exclusive
B) Shared
C) Human
D) Limited

Question 9- Which is not an allowable "fair use" of copyrighted material?
A) Teaching
B) Research
C) Profits
D) Reporting

Question 10- __uses international agreements and laws of individual nations to resolve business disputes.
A) Private international law
B) Public international law
C) The world courts

True or false

1- Intellectual property rights are considered tangible assets.

2- Intellectual property includes the application of property in the areas of trade secrets, patents, trademarks, and copyrights.

3- To Protect Trade Secret, Business Must Take Reasonable Measures to Keep Knowledge Secret.

4- Businesses Must not Take Reasonable Measures to Protect Trade Secrets from Employees.

5- Confidentiality agreements (non-compete) are essential agreements in protecting trade secrets.

6- Business Can Claim Trade Secret Only If Knowledge has a great EconOmic Value.

7- A trademark can be similar to another mark.

8- "Bast Food "can be registered as a trademark for a restaurant.

9- The United Nations works on collective measures for prevention and removal of threats to peace, and suppression of acts of aggression.

10- World trade organization coordinates policies of European countries.

Essay question

When a United States firm deals with a foreign company, numerous considerations must be taken into account. Certainly, cost, time, expenditures, and legal risks must be analyzed. Therefore, when contemplating business decisions regarding foreign markets it Is important to recognize the options available when structuring the transaction. Your understanding of the methods of transacting international business is essential in the contemporary business world. Discuss The three principal forms of transacting international business, while stressing on the advantages and disadvantages of each.

Reference no: EM133194071

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