2024 – Question 1 Secure Investments Inc a U S firm expands into international markets through a joint venture In

Question 1
Secure Investments, Inc., a U.S. firm, expands into international markets through a joint venture. In this situation, Secure owns
a. all of the operation, and its profits and liabilities. 
b. all of the operation, and none of its profits and liabilities. 
c. none of the operation, and none of its profits and liabilities. 
d. part of the operation, and shares its profits and liabilities. 

Question  2
Significant business develops in Mexico for Eye Contact Cosmetics, Inc., a U.S. firm. Eye Contact appoints Ojos, Ltd., a Mexican firm, to act as Eye Contacts marketing representative in Mexico. This is
a. a joint venture. 
b. franchising. 
c. indirect exporting. 
d. licensing. 

Question 3
Suisse Internationale, a Swiss maker of athletic equipment, enters into a price fixing agreement with Total World Sports, a U.S. wholesaler of Suisses products. U.S. courts will apply U.S. antitrust laws if
a. the agreement was made in Switzerland. 
b. the agreement was made in the United States. 
c. the price fixing has a substantial effect on U.S. commerce. 
d. the Swiss government agrees to be sued in the United States. 

Question 4
The United States and other members of a certain organization agree to grant normal trade relations status on each other with regard to imports and exports. This organization is
a. the Convention on Contracts for the International Sale of Goods. 
b. the International Export-Import Bank. 
c. the United Nations. 
d. the World Trade Organization.