Busi 409 Already Passed Exam Questions And CORRECT Answers

Regional Economic IntegrationStage 1: Free Trade Area (*abolish tariff* with members; NAFTA, ASEAN, etc) Stage 1: Free Trade Area (abolish tariffs with members; NAFTA, ASEAN, etc) Stage 2: Customs Unions *Abolish tariff with members, common external tariff, abolish restrictions of factor movements Stage 3: Common/single market (customs union members remove all barrier to movement of capital and labor) Stage 4: Economic/Monetary Union (common market members agree Stage 5: Political Union (economic union members work together for a common defense and foreign policies to create a single currency) FCPA-1977-Prohibits US companies from bribing or otherwise corrupting foreign government officials to win government contracts. Replaced securities Exchange Act. 2 Parts 1) Anti-Brigery 2) Requirement to maintain adequate internal control system over financial books/records (Consequences are fines and imprisonments)