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Author Question: What is legal compliance? What laws and regulations ensure that the business practices of global ... (Read 92 times)

Destiiny22

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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
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Melissahxx

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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


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