Global Business Environment
Chapter Exam Questions
Course Introduction
Global Business Environment examines the dynamic and interconnected nature of the international marketplace, exploring how economic, political, legal, and cultural factors influence business decisions and strategies worldwide. The course analyzes trends in globalization, trade policies, and international financial systems, as well as the challenges and opportunities faced by organizations operating across borders. Students will gain insights into how global events impact markets, learn to assess risks and competitive advantages, and develop skills for managing in diverse economic and regulatory environments. Through case studies and real-world examples, the course prepares students to make informed decisions in a rapidly evolving global business landscape.
Recommended Textbook
Business Its Legal Ethical and Global Environment 10th Edition by Marianne M. Jennings
Available Study Resources on Quizplus 21 Chapters
2597 Verified Questions
2597 Flashcards
Source URL: https://quizplus.com/study-set/3866
Page 2
Chapter 1: Introduction to Law
Available Study Resources on Quizplus for this Chatper
108 Verified Questions
108 Flashcards
Source URL: https://quizplus.com/quiz/77056
Sample Questions
Q1) Which of the following is an example of law not enacted by an elected body?
A) municipal law
B) administrative regulations
C) state codes
D) United States Code
E) all of the above are enacted by an elected body
Answer: B
Q2) Which of the following is not true regarding constitutional law?
A) exists at the state and federal levels
B) establishes government structure
C) establishes individual rights
D) can be changed by Congress
Answer: D
Q3) Legal and equitable remedies:
A) are available in all courts in the United States.
B) are awarded by separate courts of equity and law.
C) are the same remedies.
D) exist only in the United States.
E) none of the above
Answer: A
To view all questions and flashcards with answers, click on the resource link above. Page 3
Chapter 2: Business Ethics and Social Responsibility
Available Study Resources on Quizplus for this Chatper
118 Verified Questions
118 Flashcards
Source URL: https://quizplus.com/quiz/77057
Sample Questions
Q1) Personal choices and lifestyles have no impact on one's business ethics.
A)True
B)False
Answer: False
Q2) Jane Eyring works for PharmaMeds, Inc. Jane is a physician-scientist who is responsible for running the pilot tests on PharmaMed's new oral spray medication for individuals with adult onset diabetes. Jane has discovered that if those in the test group do not spray the medicine correctly or if they spray for too short of a time, the medicine is not effective, or as effective, and insulin shock has resulted in a few of the patients.
Jane talks with one of her colleagues who responds, "Look, there's no need to stop the testing or the drug's release. Just tell them in the test and in the brochures that will be with the spray, 'Spray correctly! If you do not, you may not receive your necessary dose.'" Jane is not sure anyone can be 100% accurate in spraying all the time. Whom is affected by Jane's decision, regardless of what decision she makes?
A) shareholders
B) customers
C) Jane and her reputation
D) all of the above
Answer: D
To view all questions and flashcards with answers, click on the resource link above.
Page 4
Chapter 3: The Judicial System
Available Study Resources on Quizplus for this Chatper
121 Verified Questions
121 Flashcards
Source URL: https://quizplus.com/quiz/77058
Sample Questions
Q1) Decisions of the U.S. Courts of Appeal are reported in the Federal Supplement.
A)True
B)False Answer: False
Q2) The U.S. Courts of Appeal use a writ of certiorari process for appeals.
A)True
B)False Answer: False
Q3) A party can raise new evidence in a case through its brief.
A)True
B)False Answer: False
Q4) The minimum amount required for a federal diversity suit is:
A) $10,000.
B) $50,000.
C) $75,000.
D) There is no minimum amount if there is diversity.
Answer: C
To view all questions and flashcards with answers, click on the resource link above.
Page 5
Chapter 4: Managing Disputes: Alternative Dispute
Resolution and Litigation Strategies
Available Study Resources on Quizplus for this Chatper
138 Verified Questions
138 Flashcards
Source URL: https://quizplus.com/quiz/77059
Sample Questions
Q1) List and describe the forms of alternative dispute resolution other than arbitration. Mediation: Third party intervenes in an attempt to bring the disputing parties
Q2) Devices such as a Blackberry or an iPhone are exempt under the rules for business discovery in litigation.
A)True
B)False
Q3) The time limit for a defendant to file an answer is:
A) the statute of limitations.
B) two years for personal injury suits.
C) 20 to 30 days in most states.
D) four years for contract suits.
Q4) A complaint filed in a lawsuit could not contain which of the following?
A) a claim for money damages
B) a claim for equitable remedies
C) a claim for an injunction
D) a counterclaim
Q5) All hearsay is inadmissible as evidence.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 6
Chapter 5: Business and the Constitution
Available Study Resources on Quizplus for this Chatper
118 Verified Questions
118 Flashcards
Source URL: https://quizplus.com/quiz/77060
Sample Questions
Q1) The city of Renton, Washington, has passed an ordinance that prohibits adult motion picture theaters from locating within 1,000 feet of any residential zone, single- or multiple-family dwelling, church, park, or school. Several businesses have brought suit challenging the constitutionality of the ordinance. What would be the basis for such a suit? Discuss possible results.
Q2) States can never regulate interstate commerce.
A)True
B)False
Q3) South Dakota is the location for many national banks' credit card operations. How much income tax could the state of South Dakota collect on the banks that operate their credit card divisions there?
A) South Dakota could collect tax on the banks' full income.
B) South Dakota cannot collect income tax unless the banks are headquartered or incorporated there.
C) South Dakota cannot collect any income tax from foreign corporations.
D) South Dakota can collect income taxes from earnings on the credit card operations.
Q4) Analyze and discuss why the top corporate and trade PACs are the top political contributors.
To view all questions and flashcards with answers, click on the resource link above.
Page 7
Chapter 6: Administrative Law
Available Study Resources on Quizplus for this Chatper
137 Verified Questions
137 Flashcards
Source URL: https://quizplus.com/quiz/77061
Sample Questions
Q1) Reverse FOIA suits are suits by agencies to stop disclosures.
A)True
B)False
Q2) The FDA had approved a new diet drug for the market. The agency pulled the approval and the drug off the market because a staff member said, "This drug didn't work for me." The manufacturer of the drug could challenge the FDA action:
A) as arbitrary and capricious.
B) on the basis of a failure to follow ADA procedures.
C) lack of substantial evidence.
D) any of the above
Q3) Appeals from federal administrative agency decisions go:
A) to federal district court.
B) to U.S. Court of Appeals.
C) directly to the U.S. Supreme Court.
D) none of the above
Q4) Name the three government publications covered under the Federal Register Act.
Q5) Appeals of federal administrative agency decisions go to federal district court.
A)True
B)False
Q6) Discuss the Administrative Procedures Act and its amendments and purpose.
Page 8
To view all questions and flashcards with answers, click on the resource link above.
Chapter 7: International Law
Available Study Resources on Quizplus for this Chatper
93 Verified Questions
93 Flashcards
Source URL: https://quizplus.com/quiz/77062
Sample Questions
Q1) The only types of transactions covered under the Foreign Corrupt Practices Act are those that involve contracts with foreign governments.
A)True
B)False
Q2) Which of the following is covered under the FCPA's prohibitions?
A) obtaining business
B) retaining business
C) directing business
D) all of the above
Q3) The United State has, since 1989, prohibited U.S.-based companies from selling military equipment to China. This restriction is an example of:
A) a treaty trade restriction.
B) an individual nation sanction.
C) an illegal boycott.
D) none of the above
Q4) The Foreign Corrupt Practices Act is not applicable in NAFTA or GATT contracts.
A)True
B)False
Q5) Why are pirates so difficult to prosecute?
To view all questions and flashcards with answers, click on the resource link above. Page 9
Chapter 8: Business Crime
Available Study Resources on Quizplus for this Chatper
105 Verified Questions
105 Flashcards
Source URL: https://quizplus.com/quiz/77063
Sample Questions
Q1) The Fourth Amendment is the Miranda warning amendment.
A)True
B)False
Q2) Mens rea can be established without a confession.
A)True
B)False
Q3) Which of the following will reduce a corporation's sentence under the U.S. Sentencing Guidelines?
A) having a code of ethics
B) having ethics training
C) having ethics hotline
D) All of these can reduce a corporation's sentence.
Q4) The Fifth Amendment protections:
A) apply to corporations.
B) can be used by officers of a corporation to prevent disclosure of corporate records.
C) can be used by officers of a corporation to prevent disclosure of corporate records that incriminate them.
D) none of the above
Q5) Discuss the procedural changes made as a result of Arizona v. Gant.
To view all questions and flashcards with answers, click on the resource link above. Page 10
Chapter 9: Business Torts
Available Study Resources on Quizplus for this Chatper
130 Verified Questions
130 Flashcards
Source URL: https://quizplus.com/quiz/77064
Sample Questions
Q1) Proximate cause is the same thing as causation.
A)True
B)False
Q2) Negligence is available as a tort remedy only when the breach of duty is a statutory violation.
A)True
B)False
Q3) Public figures:
A) can never have an action in defamation.
B) lose their defamation action rights if the remark or information is part of a story.
C) can seek a retraction, but can never recover damages for defamation.
D) must establish malice in order to recover damages for defamation.
Q4) A newspaper photographer entering a delivery room and taking a picture of Julia Roberts delivering her twins has invaded her privacy.
A)True
B)False
Q5) Only libel requires proof of publication.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 11
Chapter 10: Cyberlaw, Social Media, and Privacy
Available Study Resources on Quizplus for this Chatper
62 Verified Questions
62 Flashcards
Source URL: https://quizplus.com/quiz/77065
Sample Questions
Q1) Jan Lesh was able to gain access to the federal government's records on student loans and loan repayments. Lesh changed his loan balance from $8200.00 to $2800.00. Lesh then repaid the $2800.00 and received his notice of payment in full. Has Lesh committed any crimes?
Q2) Which of the following is a violation of the Economic Espionage Act?
A) Downloading your employer's website program to take to your new job.
B) Sketching your employer's new trademark to register first.
C) Photographing customer lists of a competitor.
D) All of the above are EEA violations.
Q3) E-merchants need not follow the same FTC rules that apply to catalog merchants.
A)True
B)False
Q4) Consumer information obtained over the Internet cannot be used without their permission.
A)True
B)False
Q5) The Electronic Communications Privacy Act applies to all forms of electronic communication.
A)True
B)False
Page 12
To view all questions and flashcards with answers, click on the resource link above.
Chapter 11: Environmental Regulation and Sustainability
Available Study Resources on Quizplus for this Chatper
112 Verified Questions
112 Flashcards
Source URL: https://quizplus.com/quiz/77066
Sample Questions
Q1) Which of the following acts established the NPDES system?
A) Water Pollution Control Act of 1948
B) Water Quality Act
C) Rivers and Harbors Act
D) Federal Water Pollution Control Act of 1972
Q2) If the EPA cleans up a toxic waste site, the cost of a cleanup can be recovered from the:
A) owner.
B) party who dumped the waste.
C) Superfund.
D) all of the above
Q3) The U.S. Supreme Court ruled that the EPA has a mandate under the Clean Air Act to act on greenhouse gases and global warming in which case?
A) Environmental Defense v. Duke Energy
B) Massachusetts v. EPA
C) Summers v. Earthland Institute
D) Union Electric v. EPA
Q4) When there is a brownfield, no one is liable for the costs of clean-up.
A)True
B)False
13
To view all questions and flashcards with answers, click on the resource link above.
Chapter 12: Contracts and Sales: Introduction and Formation
Available Study Resources on Quizplus for this Chatper
152 Verified Questions
152 Flashcards
Source URL: https://quizplus.com/quiz/77067
Sample Questions
Q1) Which of the following contracts would not have to be in writing under the old UCC?
A) a contract for the sale of an easement for $450
B) a contract for consulting services for $10,000 over the next 90 days
C) a three-year advertising contract
D) a contract for the sale of furniture for $700
E) All of the above must be in writing.
Q2) Buyer on fax: "Will take house for $587,500 if front lawn is fixed." Seller on fax in response: "Price is $589,000 and no front lawn." Buyer on fax in response: "$588,000 plus the front lawn." Seller on fax in response: $589,000 plus the front lawn."
A) There is a contract for the sale of the house at $588,000 plus the lawn.
B) There is a contract for the sale of the house at $589,000 plus the lawn.
C) There is no contract.
D) none of the above
Q3) Name the statutes that affect contract formation in cyberspace.
Q4) The UCC rules on additional terms in acceptance are the same for merchants and nonmerchants.
A)True
B)False
Page 14
To view all questions and flashcards with answers, click on the resource link above.
Chapter 13: Contracts: Performance, Remedies, and Rights
Available Study Resources on Quizplus for this Chatper
155 Verified Questions
155 Flashcards
Source URL: https://quizplus.com/quiz/77068
Sample Questions
Q1) The court in the case involving Turnitin (iParadigms) held that:
A) duress was clearly involved.
B) the Clickwrap acceptance was valid.
C) the owners of Turnitin have unlimited liability to the students submitting papers.
D) the plaintiffs' infancy defense was successful.
Q2) A seller recovering the difference between his resale price and the buyer's original contract price is an example of:
A) compensatory damages.
B) incidental damages.
C) liquidated damages.
D) none of the above
Q3) If a consumer requests a credit reporting agency to correct his/her credit report:
A) the agency must comply.
B) the agency need only include a copy of the request in its report.
C) any corrections made must be sent to all report recipients over the last two years.
D) none of the above
Q4) List what cannot be disclosed in a credit report for a $2,000 loan.
To view all questions and flashcards with answers, click on the resource link above.
15
Chapter 14: Sales: Product Advertising and Liability
Available Study Resources on Quizplus for this Chatper
138 Verified Questions
138 Flashcards
Source URL: https://quizplus.com/quiz/77069
Sample Questions
Q1) Which of the following duties could not be a basis for a negligence suit?
A) hotel to guest
B) physician to patient
C) accountant to client
D) All of the above parties have duties.
Q2) Privity is required for recovery on the basis of warranty.
A)True
B)False
Q3) In the Nestle case, what ethical issues existed?
Q4) Which of the following does not constitute an express warranty?
A) "This computer system is accessible by a PB2400 modem."
B) "This computer system is IBM-compatible."
C) "This computer system has a built-in battery back-up system that gives you two minutes to save files in the event of a power interruption."
D) All of the above are express warranties.
Q5) "These dresses are 100% cotton" is an example of an express warranty.
A)True B)False
Q6) Describe three defenses to product liability.
Page 16
To view all questions and flashcards with answers, click on the resource link above.
Chapter 15: Products: Business Intellectual Property
Available Study Resources on Quizplus for this Chatper
95 Verified Questions
95 Flashcards
Source URL: https://quizplus.com/quiz/77070
Sample Questions
Q1) GATT requires patent protection for 50 years.
A)True
B)False
Q2) Which of the following is/are generic term(s)?
A) Band-Aid
B) Jell-O
C) Aspirin
D) All of the above are generic.
Q3) ASCAP fee enforcement may cause changes to or elimination of some traditional summer activities for children.
A)True
B)False
Q4) The golden arches of McDonald's restaurants are an example of:
A) a patent.
B) a copyright.
C) a license.
D) trade dress.
Q5) Misappropriation is the conversion of a trade secret.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 17
Chapter 16: Business Competition: Antitrust
Available Study Resources on Quizplus for this Chatper
159 Verified Questions
159 Flashcards
Source URL: https://quizplus.com/quiz/77071
Sample Questions
Q1) Resale price maintenance is:
A) a per se violation.
B) an attempt by a retailer to control prices.
C) regulated by the Clayton Act.
D) all of the above
Q2) Suggested retail prices sent to retailers by the manufacturer constitute:
A) resale price maintenance.
B) price fixing.
C) a violation of the antitrust laws if the suggested prices are enforced.
D) none of the above
Q3) Generic brands can carry a lesser price than brand-name products even though identical in composition without experiencing price discrimination difficulties.
A)True
B)False
Q4) The Celler-Kefauver Act:
A) is an amendment to the Clayton Act.
B) regulates mergers.
C) is the Antitrust Improvements Act.
D) none of the above
To view all questions and flashcards with answers, click on the resource link above. Page 18
Chapter 17: Management of Employee Conduct: Agency
Available Study Resources on Quizplus for this Chatper
115 Verified Questions
115 Flashcards
Source URL: https://quizplus.com/quiz/77072
Sample Questions
Q1) The employment-at-will doctrine prohibits the firing of nonunion or noncontract employees.
A)True
B)False
Q2) Joe Helquist and Samantha Gillis were partners in the operation of an office supply business for 32 years. Joe had always handled suppliers and Samantha was responsible for running the store and managing employees. Joe decided to retire and Samantha gave him a fine retirement dinner. Joe had some financial setbacks shortly after retirement when his wife became ill and two of his children decided to go on for their masters' degrees. Joe began ordering supplies from the usual suppliers since they were not aware of his retirement. Joe would intercept the supplies at the loading dock and then sell them on his own. Samantha soon caught the discrepancy in the bills and her inventory and refused to pay the suppliers when she learned of Joe's scheme. Which of the following statements is correct?
A) Samantha is not liable to the suppliers since Joe's authority terminated.
B) Samantha is not liable to the suppliers because Joe's acts constituted fraud.
C) Samantha is liable to the suppliers.
D) none of the above
Q3) What is the difference between implied authority and apparent authority?
To view all questions and flashcards with answers, click on the resource link above.
Page 19
Chapter 18: Governance and Structure: Forms of Doing Business
Available Study Resources on Quizplus for this Chatper
138 Verified Questions
138 Flashcards
Source URL: https://quizplus.com/quiz/77073
Sample Questions
Q1) LLCs have existed in Europe and South America prior to their existence in the U.S.
A)True
B)False
Q2) Limited partners:
A) can use their name in the partnership name.
B) can contribute management services to the partnership.
C) cannot advise the general partner.
D) none of the above
Q3) A partner's interest:
A) is the same as the partnership property.
B) cannot be attached by creditors.
C) cannot be transferred.
D) none of the above.
Q4) A proxy is valid only for 11 months.
A)True
B)False
Q5) There are no formal requirements for forming a sole proprietorship.
A)True B)False
To view all questions and flashcards with answers, click on the resource link above. Page 20
Chapter 19: Governance and Regulation: Securities Law
Available Study Resources on Quizplus for this Chatper
152 Verified Questions
152 Flashcards
Source URL: https://quizplus.com/quiz/77074
Sample Questions
Q1) A bank is an example of an accredited investor for purposes of Regulation D.
A)True
B)False
Q2) A company filing Williams Act materials is not required to file proxy materials.
A)True
B)False
Q3) Which of the following can be done before the registration statement is effective?
A) tombstone ads
B) red herrings
C) offers to sell to accredited investors
D) a and b
E) all of the above
Q4) Section 16 applies to:
A) all shareholders.
B) only directors who also own stock.
C) an officer of a corporation.
D) only officers who own stock.
E) none of the above
Q5) Describe shareholders' rights under Section 14.
To view all questions and flashcards with answers, click on the resource link above. Page 21
Chapter 20: Management: Employee Welfare
Available Study Resources on Quizplus for this Chatper
131 Verified Questions
131 Flashcards
Source URL: https://quizplus.com/quiz/77075
Sample Questions
Q1) Wages and hours are examples of mandatory subjects for good-faith bargaining.
A)True
B)False
Q2) Which protection is not part of FLSA?
A) minimum wage
B) maximum hours
C) retirement benefits
D) All of the above are protections.
Q3) Plant closings are always unfair labor practices.
A)True
B)False
Q4) The Landrum-Griffin Act contains a bill of rights for union members.
A)True
B)False
Q5) The Norris-LaGuardia Act is:
A) also known as the Anti-Injunction Act.
B) is the National Labor Relations Act.
C) was declared unconstitutional.
D) none of the above
Q6) Discuss when OSHA will find willful violations.
Page 22
To view all questions and flashcards with answers, click on the resource link above.
Chapter 21: Management: Employment Discrimination
Available Study Resources on Quizplus for this Chatper
119 Verified Questions
119 Flashcards
Source URL: https://quizplus.com/quiz/77076
Sample Questions
Q1) Seniority systems:
A) were outlawed under Title VII.
B) are violations of the Age Discrimination Act.
C) can be valid if they are not used to perpetuate past discrimination.
D) none of the above
Q2) Amanda Tucker, a black female, applied for a sales position in Ames Department Stores in Seattle. After completing her application, she was asked to take a math test and a general aptitude test. Amanda was not hired and later learned that Ames only administers the math and aptitude tests to minority applicants. Ames says that its experience demonstrates that minority candidates do not work out well as sales clerks unless they have a minimum score on these tests. Which of the following statements is true?
A) Ames' testing policy is a violation of Title VII.
B) Ames' testing policy is valid so long as it can substantiate the statements about the validity of the tests.
C) Ames' testing policy is valid so long as the test is consistently given to minority applicants.
D) none of the above
Q3) Discuss the main racial discrimination issues in the Ricci case.
Q4) List all the possible defenses to charges of discrimination.
Page 23
To view all questions and flashcards with answers, click on the resource link above.