Managers Need to Understand Not Only the Laws of Countries

question 48

True/False

Managers need to understand not only the laws of countries where they operate, but also how those laws are enforced.

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Definitions:

Informal Rule Making

A regulatory process allowing for the development and issuance of rules without a formal hearing.

Formal Hearing Process

A structured legal procedure involving the presentation of evidence and legal arguments before a judicial authority to resolve a dispute.

Administrative Agencies

Governmental bodies with the authority to implement and administer particular legislation, often with rule-making and adjudicative functions.

Federal Level

pertains to governmental authority and activities that are conducted at the national level, as opposed to state or local levels.