Global Business: Control and Regulation

Global Business: Control and Regulation

Poll

Do you think that American companies should be held to stricter laws than companies in other countries when they are doing business outside the United States?

• Yes

• No

• It depends on the circumstances

Multiple Choice

The International Court of Justice settles disputes for the countries that belong to which organization?

• North American Free Trade Agreement

• World Trade Organization (WTO)

• North American Treaty Organization (NATO)

• United Nations (UN)

Multiple Choice

Which President signed the Foreign Corrupt Practices Act?

• John F. Kennedy

• Ronald Reagan

• Jimmy Carter

• Barack Obama

Multiple Choice

The Foreign Corrupt Practices Act (FCPA) is a law that prosecutes American companies that use _________ to gain an unfair business advantage in a foreign country?

• Promises

• Bribery

• Threats

Multiple Choice

When the WTO makes a ruling both parties must legally comply with the verdict

• No, the country can ignore the ruling

• Yes, the ruling is binding for all parties

• Yes, but only if the ruling concerns a country or company

• Yes, but only if the ruling concerns a private citizen

Multiple Choice

U.S. exporters may face additional ___________, testing, labeling, or licensing requirements for their products before they can sell to foreign markets.

• subsidies

• duties

• tariffs

• regulations