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Which of the following is true regarding the enforceability of foreign judgments in the United States?


A) Foreign judgments are entitled to full faith and credit.
B) Foreign judgments are entitled to full faith, but not credit.
C) Foreign judgments are neither entitled to full faith and credit, nor are they evidence of the justice of the plaintiff's claims.
D) Foreign judgments are not entitled to full faith and credit, but are only evidence of the justice of the plaintiff's claims.
E) By statutory law, foreign judgments must be disregarded in the U.S.

F) A) and D)
G) B) and D)

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Which of the following is true regarding international organizations?


A) The United Nations is an international organization, but the International Monetary Fund is not.
B) The International Monetary Fund is an international organization, but neither the United Nations nor the International Bank for Reconstruction and Development (World Bank) are international organizations.
C) The International Bank for Reconstruction and Development (World Bank) and the International Money Fund are international organizations, but the United Nations is not an international organization.
D) The United Nations and the International Monetary Fund are international organizations, but the International Bank for Reconstruction and Development (World Bank) is not.
E) The United Nations, the International Monetary Fund, and the International Bank for Reconstruction and Development (World Bank) are all international organizations.

F) B) and D)
G) A) and B)

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Define tariffs and how they may be calculated.Additionally,define a nontariff barrier and list and define three types of non-tariff barriers.

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Tariffs are taxes levied on imported goo...

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How does ratification of international agreements occur in the U.S.?


A) Through the advice and consent of two-thirds of the Senate after the president submits the agreement for consideration.
B) Through the advice and consent of two-thirds of the House of Representatives after the president submits the agreement for consideration.
C) Through the advice and consent of two-thirds of the Senate and two-thirds of the House of Representatives after the president submits the agreement for consideration.
D) Through consent of the president.
E) Through the consent of the president and the approval of at least half the individual state legislatures.

F) A) and E)
G) C) and D)

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_____ prohibits U.S.companies from offering or paying bribes to foreign government officials,political parties,and candidates for office for the purpose of obtaining or retaining business.


A) The Foreign Corrupt Practices Act
B) The Foreign Bribery Act
C) The Foreign Political Act
D) The International Fairness Objective Act
E) The International Trade Act

F) B) and E)
G) B) and D)

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Identify and describe a franchise agreement,a joint venture,and an affiliate business in relation to international business.

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A franchise agreement is a contract wher...

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What is the federal minimum wage per hour in the U.S.?


A) $7.25
B) $8.30
C) $5.30
D) $6.50
E) $10.00

F) A) and C)
G) All of the above

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