With Regard to Global Working Conditions of Child Labor and Prison

question 2

Multiple Choice

With regard to global working conditions of child labor and prison labor,which of the following statements is true?

• A) Efforts to develop WTO trade rules that tie labor standards to international trade have borne fruit in the new GATT understandings between industrialized and developing nations.
• B) Section 301 of the U.S Trade Act of 1974 has been amended to impose tariffs on goods that are produced by child labor or prison labor.
• C) A few companies, such as Levi-Strauss & Co., have adopted global sourcing guidelines to use only suppliers who do not make use of child or prison labor.
• D) Since NAFTA, Mexico has made great strides in making sure that children below the age of 14 are kept in school and not used in manufacturing operations.

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Definitions:

Organization Expenses

Costs associated with the formation and setup of a company, including legal fees, incorporation fees, and promotional expenses.

Common Stock

A type of security that represents ownership in a corporation, with voting rights and the potential for dividends.

Articles of Incorporation

A document filed with a government body to legally document the creation of a corporation; synonymous with Corporate Charter but varies by jurisdiction.

Dividend Yield

A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, indicating the earnings investors are making from dividends.