A copyright can be defined as:

Question 5 options:

	Rights assigned to creators for their literary and artistic work, such as novels, poems, films, sculptures, music.
	Rights assigned by creators for their literary and artistic work, such as novels, poems, films, sculptures, music.
	Rights designed by creators for their literary and artistic work, such as novels, poems, films, sculptures, music.
	Rights developed by creators for their literary and artistic work, such as novels, poems, films, sculptures, music.

Getting a commercial partner, such as a supplier to spread the risk of a shipment getting damaged, is using which option to manage the risk.

Question 6 options:

	risk avoidance
	risk retention
	risk transfer
	risk reduction

Which of the following is an early warning sign of risk?

Question 7 options:

	costs and schedules are expressed as a range that is too wide to be meaningful
	executive team is devoted to the venture
	The venture depends upon a medium level of Research and Development
	Expectations for performance are high but deemed achievable

In the Risk Management Cycle, Step 1 involves identifying issues and setting context. If an display manufacturing is looking at an international venture to export their displays to a multi-national retailer. What would be the biggest risk?

Question 8 options:

Project scope, objectives and deliverables are not clearly understood by all parties.

Executives at the display manufacturing organization do not have an appreciation of risk nor have they discussed them

Executives have developed a risk management plan and assigned the appropriate personnel to manage the risks

Logistics personnel have not investigated customs or freight forwarding issues

Once risks are assessed for their impact and probability, risks should be:

Question 9 options:

	Ranked in alphabetical order
	Ranked in order of lowest impact and probability
	Ranked in order of highest impact and probability
	None of the listed answers are correct

Why does an international business need to constantly analyze and mitigate its commercial risk?

Question 10 options:

	The buyer of your goods or services may not be able to pay.
	The buyer of your goods or services may pay on time.
	Your supplier may deliver goods or services on time.
	Your supplier may deliver goods or services early

A company in Australia is looking to export to China. They are currently brainstorming potential external and internal risks. Which step in the Risk Management Process are they currently working on?

Question 11 options:

	Step 3: Measure Probability and Impact
	Step 2: Identify Risks
	Step 1: Determine Early Warning Signs
	Step 4: Rank Potential Risks

Your engineering company specializes in the design and engineering of hydro-electric dams around the world. As potential dam sites are site specific, it is a global business. The company is considering whether it should bid to design and build a very large hydro-electric dam in Libya. There are significant commercial risks, and you have been asked to investigate them. What should you be considering?

Question 12 options:

	The degree of corruption and centralized control over commerce only
	Libya's property rights legal protections and trade restrictions only
	Libya's degree of corruption, ability to pay and its international reserve position only
	Libya's international reserve position, corruption and centralized control over commerce, property rights legal protections and trade restrictions

A company in Saudi Arabia is looking to export to Europe. They are trying to frame the challenges of the international endeavor by determining alignment of objectives to the organizational strategy. Which step in the Risk Managment Process are they currently working on?

Question 13 options:

	Step 1: Indentify Issues and Set Context
	Step 2: Identify Key Risks
	Step 1: Indetify Key Risks
	Step 3: Measure Probability and Impact

The following question should be asked when assessing what type of risk? "Is the company in good standing with relevant industry associations and government departments?"

Question 14 options:

	economic
	physical assets
	political
	commercial

In analyzing creditworthiness of a partner, one should:

Question 15 options:

	Ask for information from customers and suppliers
	Investigate reputation and standing of partner with industry associations and government departments
	Seek information from Credit Agencies
	All of the listed answers are correct