« previous next »

Author Question: What is legal compliance? What laws and regulations ensure that the business practices of global ... (Read 119 times)

Destiiny22

  • Hero Member
  • *****
  • Posts: 557
on: Jul 7, 2018
What is legal compliance? What laws and regulations ensure that the business practices of global firms are legal?
 
  What will be an ideal response?

Question 2

What is the most critical aspect of strategic control?
 
  A) control of firm's financial resources
  B) control of a firm's marketing plans
  C) quality control
  D) control of labor issues
International Business: A Managerial Perspective ¦ Griffin, Pustay ¦ 9th Edition
Buy Test-Bank


Melissahxx

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jul 7, 2018
Answer to Question 1

Legal compliance is the extent to which the organization conforms to regional, national, and international laws. The Foreign Corrupt Practices Act prohibits U.S. firms, their employees, and agents acting on their behalf from paying or offering to pay bribes to any foreign government official in order to influence the official actions or policies of that individual to gain or retain business. The Alien Tort Claims Act was passed in the United States in 1789 but has recently emerged as a potentially significant law affecting U.S. multinational corporations. Under some recent interpretations of this law, U.S. multinationals may be responsible for human rights abuses by foreign governments if the companies benefited from those abuses.

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Global Patterns of Intergroup Relations: A Continuum Global Patterns of Intergroup Relations: A Continuum
Ozone Depletion—A Global Issue Ozone Depletion—A Global Issue
Industrial and transport sources are responsible for a large proportion of global GHG emission Industrial and transport sources are responsible for a large proportion of global GHG emission
Agriculture is responsible for as much as 15% of global greenhouse gas emissions Agriculture is responsible for as much as 15% of global greenhouse gas emissions
Global Soil Regions Global Soil Regions
Video: Molecules, Membrane Permeability and Structure

For a complete list of videos, visit our video library