Marco Has to Make a Deal with a Chinese Company

question 109

Multiple Choice

Marco has to make a deal with a Chinese company.When he is in China,he learns that it is customary to spend money getting to know the other businessmen and building trust.If he participates in this custom,which of the following is he violating?

• A)The General Agreement on Tariffs and Trade (GATT)
• B)The Foreign Corrupt Practices Act
• C)The North American Free Trade Agreement (NAFTA)
• D)The Foreign Licensing Agreement

---

Definitions:

Benefits

Various forms of non-wage compensation provided to employees in addition to their normal wages or salaries, such as health insurance, pension plans, and paid time off.

Organization

An organized assembly of individuals collaborating to reach shared objectives.

HRM Competencies

Essential skills, abilities, and knowledge required for effective human resource management, including strategic planning, leadership, and communication.

Stakeholders

Individuals or groups who have an interest in the decisions and actions of a business or organization, including employees, shareholders, customers, and community members.