Laws may be inconsistent from one country to another. This can be a hurdle to success during
Question:
Laws may be inconsistent from one country to another. This can be a hurdle to success during global market trading. Which of the following statements about law is true in this case?
A. | When conducting global business, a U.S. company must follow the laws of the other country even if doing so contradcits U.S. laws. | |
B. | All businesses, whether in the U.S. or in other countries, must follow the universal system of law that governs global business practices. | |
C. | The universal system of law that currently governs all global business practices came about through the success of the Organization for Economic Cooperation and Development (OECD). | |
D. | U.S. businesses must follow U.S. laws while conducting global business. |
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson