Which of the Following Statements Describes Laws and Regulations in Global

question 239

Multiple Choice

Which of the following statements describes laws and regulations in global markets?

• A) There is not a central system of law in existence.
• B) The World Trade Organization reigns supreme and dictates global law for all markets.
• C) Most trading partners will default to the laws that govern the seller's home country.
• D) With the exception of labor relations, most laws are pretty standard across global markets.

---

Definitions:

Detail Salesperson

A sales professional specializing in providing detailed information and promoting specific products or services to potential clients, often in a personalized manner.

Sales Engineer

A person who sells complex scientific and technological products or services to businesses.

Account Representative

A professional tasked with managing and maintaining the relationship between a company and its clients or customers.

Core Principles

Fundamental beliefs or values that serve as the foundation for an individual's actions or an organization's policies.