Why Should Business Managers Be Familiar with Laws That Regulate

question 2

Multiple Choice

Why should business managers be familiar with laws that regulate business practices between nations?

• A)Businesses are required to know the laws and to become WTO members to have Internet websites.
• B)NAFTA requires registered businesses to understand and comply with international law.
• C)GATT Mandates that U.S.organizations know the laws in the United States and in 150 other member countries in order to incorporate.
• D)Advances in trade and technology have made trade with other countries easy,but companies must comply with local laws
• E)Businesses may meet foreigners and should be familiar with their customs to foster positive business relationships

---

Definitions:

Foreign-Born

Individuals who were born outside of the country in which they currently reside, often contributing to the cultural diversity of their new home.

Historic High

A record-setting peak level or unprecedented milestone reached in any measurable statistic or data, such as financial markets, temperature records, etc.

Immigrants

Individuals who move from one country to another with the intention of settling there permanently.

AIDS Crisis

Refers to the period of the global outbreak of the Acquired Immune Deficiency Syndrome, highlighting significant health, social, and political challenges.