Вы находитесь на странице: 1из 3

Oxford University Press | Online Resource Centre | Multiple choice questions

27/9/16, 3:58 PM

Hamilton & Webster: The International Business Environment 3e

Chapter 9: Multiple choice questions

Results

You have answered 0 out of 10 questions correctly.


Your percentage score is 0%.
Question 1
Which of the following statements on civil law systems would be seen as an advantage by business?
You did not answer the question.
Correct answer:
b) Relevant areas of law are much easier to find than in common law systems.
Feedback:
Relevant areas of law are easier to find in civil law systems because the law is contained in written legal codes, whereas there is no single
source of law in common law systems. In such systems, decisions made by judges, as well as statutes, are an important source of law. Civil
law is the predominant system of law in the world. Lawyers act as advisors in civil law systems and not as oral advocates as in common law
systems.
Page reference: 257-259

Question 2
Which of the following is the legal basis for common law systems?
You did not answer the question.
Correct answer:
c) Precedents and statutes
Feedback:
The major sources of law in common law systems are statutes and court decisions that set precedents that are binding in subsequent court
cases and decisions. Civil law systems depend on statutes and legal codes for sources of law.
Page reference: 259-262

Question 3
Muslim law is the dominant legal system in which of the following countries:
You did not answer the question.
Correct answer:
c) Iran
Feedback:
Muslim or Sharia law is the dominant legal system in Iran. The Indonesian system is based on civil law deriving from its Dutch colonial
history although Muslim law is frequently used to settle disputes between Muslims. The basis of the South African system is common law.
Page reference: Map p270, p271

http://global.oup.com/uk/orc/busecon/business/hamilton_webster3e/student/mcqs/ch09/

Page 1 of 3

Oxford University Press | Online Resource Centre | Multiple choice questions

27/9/16, 3:58 PM

Question 4
Which of the following could be seen as a breach of contract?
You did not answer the question.
Correct answer:
d) Supplying computer chips that do not match the agreed product specifications.
Feedback:
Delivering computer chips that do not meet the specifications agreed by the buyer and seller is a breach of contract. Using dangerous
production techniques, setting up the cartel, and selling contaminated food would be dealt with by other areas of the law. For example, the
Chinese authorities could prosecute the offender under criminal law, while customers could pursue the fast food chain under tort law.
Page reference: 264

Question 5
Tort law allows business to:
You did not answer the question.
Correct answer:
b) Take counterfeiters of their products to court.
Feedback:
Tort law concerns injury to persons or assets. Firms could therefore pursue the counterfeiter under the law of tort. Failure to deliver on
agreed date would be dealt with under contract law. Tort cases are not dealt with by the criminal courts, nor does the State play the part of
prosecutor in tort cases.
Page reference: 265

Question 6
How does international law facilitate international trade and investment?
You did not answer the question.
Correct answer:
a) It makes it easier to resolve contract disputes for firms involved in international trade and investment.
Feedback:
International law, by setting down a standard set of rules, can facilitate the resolution of disputes especially where it avoids disagreement
over which national system of laws applies to the case. Where international law applies, firms cannot select the national legal system most
favourable to their side of the dispute. The fact that different interpretations can be made of international law impedes its ability to facilitate
international trade and investment. There is no evidence that the Uniform Commerical Code favours US multinational interests.
Page reference: 268-270

Question 7
Why might arbitration be an attractive option for settling disputes in international trade and investment cases?
You did not answer the question.
Correct answer:
b) The decisions of the arbitrator can be widely enforced.
Feedback:
http://global.oup.com/uk/orc/busecon/business/hamilton_webster3e/student/mcqs/ch09/

Page 2 of 3

Oxford University Press | Online Resource Centre | Multiple choice questions

27/9/16, 3:58 PM

Arbitration is attractive because it is enforceable in many countries involved in international trade. The fact that it is often more costly than
using national courts could deter firms from resorting to arbitration, as might the lack of a mechanism to appeal against the decision of the
arbitrator. Arbitration proceedings are not made public but are confidential.
Page reference: 267-269

Question 8
Laws relating to The Single Market Programme allow EU-based companies to:
You did not answer the question.
Correct answer:
d) All of the options given.
Feedback:
Single Market Laws allow EU-based firms freedom to export and import goods and services, transfer workers, and invest anywhere in the
EU.
Page reference: 270-274

Question 9
Competition Law in the EU means that firms:
You did not answer the question.
Correct answer:
b) May be refused permission to take over a US competitor.
Feedback:
The competition authorities are empowered by EU law to prevent mergers taking place. EU law prohibits the establishment of cross-border
cartels, can result in firms being ordered to repay financial aid to government, and can lead to companies being ordered to cease crosssubsidising loss-making activities.
Page reference: 272-274

Question 10
The law relating to E-Commerce fits which of the following descriptions:
You did not answer the question.
Correct answer:
b) The law lacks clarity for business.
Feedback:
The law around E-Commerce is not clearly laid out. A whole range of laws can be applied to the internet and the situation is further
complicated by the difficulty of applying contract law to internet commerce, and of dealing with hackers who might be located in countries
thousands of miles away.
Page reference: 274,275

Copyright Oxford University Press, 2016. All Rights Reserved.

http://global.oup.com/uk/orc/busecon/business/hamilton_webster3e/student/mcqs/ch09/

Page 3 of 3