Naida Baronowski is an American fashion designer who has a design firm in Chicago. Naida has been successful in the U.S. and wants to expand her operation overseas. She hopes to open shops in Paris, Milan, Madrid, Rome, Vienna, and Moscow in the next several years. Naida is unfamiliar with foreign operations. She comes to you, her attorney, for advice about how she should pursue her goal of becoming an international fashion company. Naida hires a contractor in Moscow to supervise building a new store. To pay the subcontractors, Naida goes to her bank (an international bank with a branch office in Moscow) and signs an agreement stating that the bank will pay the subcontractors upon presentation of documentation that their work is completed. Naida has arranged for:
a. repatriation of her money
b. currency exchange insurance c. a countertrade sale
d. letters of credit
e. a buy-back arrangement
Question 2
The Food, Drug, and Cosmetic Act as passed in 1938:
a. repealed the 1906 Pure Food and Drug Act
b. gave the FDA responsibility to restrict the levels of food additives used
c. allowed the FDA to approve drugs for sale as prescription or non-prescription drugs d. allowed the FDA to prohibit drugs not demonstrated to be effective
e. all of the other choices
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