As Business Becomes Increasingly Global

question 16

Multiple Choice

As business becomes increasingly global:

• A) It must turn to national laws for guidance.
• B) Ethical issues become issues of free trade.
• C) A global code of conduct will emerge for businesses.
• D) Cross-cultural contradictions will increase.

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Definitions:

Secretary of State

A senior official within the federal government responsible for conducting foreign affairs, including negotiating treaties and representing the United States internationally.

Franchise Taxes

Taxes levied on businesses for the privilege of operating as a corporation or LLC within a particular state.

Registered Agent

A person or company designated to receive official legal and tax documents on behalf of a business entity.

Surviving Corporation

The corporation that remains after a merger, having absorbed another corporation and retained its rights, privileges, and liabilities.