Answer the following statement(s) true (T) or false (F)

1. Trade blocs are groups of countries who form an association for the purpose of facilitating movement of goods across national borders.
2. The global village refers to companies conducting business worldwide without boundaries.
3. The purpose of the World Trade Organization is to open trade for the benefit of all.
4. As companies begin to operate in multiple markets, HR managers should be concerned with
complying with only home-country legal requirements.
5. According to the Foreign Corrupt Practices Act, U.S.-based or U.S.-listed companies cannot bribe foreign officials in exchange for business.


1. True
2. True
3. False
4. True
5. True

Business

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