Scenario - GCD Industries

question 21

Multiple Choice

Scenario - GCD Industries
GCD Industries is a multinational organization that produces heavy equipment.It supplies many foreign nations with the necessary equipment to conduct reconstruction after natural disasters.One of the company's largest sales resulted from the devastation that occurred in Japan after the tsunami hit that nation.GCD is committed to helping nations recover from destruction brought about by natural phenomenon.
GCD prides itself on conducting its business in an honest and ethical manner.It does not wish to deal with countries that engage in corrupt business practices,but realizes that all nations have differing business practices.When the need arises for its products,this company strives to impart integrity into all of its business deals with foreign nations regardless of that nation's accepted practices.
-GCD Industries acknowledges it is under the guidelines of the Foreign Corrupt Practices Act whenever it has dealings in the foreign marketplace.Which one of the following is not addressed by this Act?

• A) Making the offer to pay money to a foreign official for special privilege afforded to the company
• B) Establishing pay scales for employees of the company while working on foreign soil
• C) Offering a gift to the head of the foreign political party of the nation where work is being performed
• D) Making a promise of payment to government officials for directing business to the company
• E) Provision indicating access to assets is allowed only by management's specific authorization

Understand the application and effect of the Uniform Electronic Transactions Act (UETA) in e-commerce and traditional commerce.

Identify the effective moment of contract acceptance in various modes of communication.

Describe different forms of online agreements and their enforceability (click-on, shrink-wrap, browse-wrap, and partnering agreements).

Comprehend the principles of contract formation, including offer, acceptance, and consideration.

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Definitions:

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