Marketing MCQ: The Political and Legal Environment

Which of the following best describes "ehrbarer Kaufmann"?

a.
It refers to a legal entitlement of exclusive rights to use an idea, piece of knowledge, or invention.
b.
It refers to governmental actions that distort the free flow of trade in goods, services, or ideas for decidedly adversarial and political, rather than strictly economic, purposes.
c.
It is a key legal perspective that has faith and belief as its key focus and is also a mix of societal, legal, and spiritual guidelines.
d.
It focuses on maintaining long-term successful international trade efforts with distant and often unfamiliar people.

Answer: D

Which 2002 law protects investors by improving the accuracy and reliability of corporate disclosures, and also covers issues like corporate responsibility, financial transparency, and accounting oversight?

a.
The Glass-Steagall Act
b.
The Aldrich-Vreeland Act
c.
The Gramm-Leach-Bliley Act
d.
The Sarbanes-Oxley Act

Answer: D

Which act passed in 1977 made it a crime for U.S. firms to bribe foreign officials for business purposes?

a.
The Organized Crime Control Act
b.
The Racketeer Influenced and Corrupt Organizations Act
c.
The Foreign Corrupt Practices Act
d.
The Foreign Intelligence Surveillance Act

Answer: C

The WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS):

a.
includes maximum standards for copyrights, appellations of geographic origin, industrial designs, trademarks, and trade secrets.
b.
gives developing countries more time to implement changes related to intellectual property.
c.
requirements apply equally to all WTO member states except emerging countries.
d.
gives individuals and companies the right to own and sell property as they see fit.

Answer: B