14. Ice Arenas (Canada) is one of the few companies known throughout North America for providing a very high standard ice arena for most of the ice rings in the NHL Game Arena. Ice Packers has a patented technology in ice making for arenas. The company recently invested in Asia for ice rinks, but has been unable to sell as forecasted and, as a result, is experiencing cash flow problems. The European Hockey League asks Ice Packers to set up ice rings in at least ten of the main hockey centers in Europe. Which market entry strategy would be best for Ice Packers in this case?

- Franchising to obtain quick cash flow and ensure annual royalty

- Joint venture with an existing ice rink builder in Europe to minimize risks

- Green Field investments to keep control over its business

- Licensing of its technology with a protection clause for IP rights and an NDA

15. A buyer has to intervene quickly to assist a supplier of a critical component who has had chronic production issues over the past two years. The buyer brings in an engineer to assess the plant and figure out how to remedy the issue. The supplier is very cooperative, and the buyer is examining how to best assist the supplier. Why is the buyer so willing to assist the supplier, instead of terminating the contract?

- The buyer is positioning the company for an acquisition of supplier's business

- The buyer is providing the supplier with opportunities to cooperate and work with the buyers plans

- The supplier provides a strategically important product and can jeopardize the buyer's business

- The supplier recognizes the value of the relationship and wants to improve and gain more of buyer's business.

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16. Most modern trading companies worldwide have enacted competition laws (e.g., antitrust laws). What do competition laws prohibit?

- Bribery of foreign public officials

- Suppliers and customers fixing prices

- Currency and derivative pricing

- Price fixing

17. Including this compliance-based issue in company policies is a good strategy to prevent the company from getting caught in a criminal conspiracy that creates substantial liability for the company. Which issue is this referring to ?

- Anti-corruption

- Conflict of interest

- Whistle blower protection

- Price-fixing