1.Ownership over intellectual properties is established by
(a) Patents (b) Copyrights
(c) Trademarks (d) None of these
(e) All of these
2. The laws, rules and regulations by each government in its own country become for all foreign
companies and business operating in that country
(a) Home country laws (b) Host country laws
(c) International laws (d) Civil law
(e) Common law
3. What are common law, code law and theocratic law? Differentiate, with examples, from countries following these laws.
4. Explain international dispute settlement procedures. Why would an international firm prefer
conciliation rather than arbitration? Explain with the help of examples.