D080 UNIT 3 MANAGING IN A GLOBAL BUSINESS
ENVIRONMENT
antitrust laws - Answers -Consumer protection policy used to limit unfair business
practices related to competition and control of prices
antitrust laws are based on one basic objective: - Answers -to protect the process of
competition for the benefit of consumers, making sure there are strong incentives for
businesses to operate efficiently, keep prices down, and keep quality up.
Sherman Antitrust Act - Answers -The first American antitrust policy. Established in
1890, it dealt with limiting the power of price-controlling cartels
It is important to note that antitrust laws are also often referred to as - Answers -
competition laws or antimonopoly laws
Many countries from several geographic regions are accused of dumping steel into the
U.S. market at unfairly low prices.
Which entity can the United States appeal to in order to correct this apparent market
manipulation? - Answers -World Trade Organization
Correct! The World Trade Organization is designed to judge potential market
manipulations of its members. The United States has accused several countries around
the world of dumping steel.
A sole, national telephone company was found violating antitrust laws and was forced to
separate into regional companies.
What caused the violation of the antitrust laws? - Answers -Reduced competition
Correct! Antitrust laws are enacted to protect consumer's rights to competition in the
marketplace. The sole, national company was a monopoly, and no competition
occurred.
A farmers market has many vendors and consumers who all sell and buy the same
produce at the same price.
Which type of market is represented? - Answers -Perfect competition
Correct! Since vendors can enter and exit the market freely with no barriers and the
products are homogenous, it is a pure competition.
The EU has a... - Answers -centralized administrative system for antitrust enforcement
antitrust enforcement in the United States is considered a... - Answers -matter of
criminal law
, collective environment - Answers -Understanding that the environment not only belongs
to everyone to enjoy but is also everyone's shared responsibility
United Nations Environment Programme (UNEP) - Answers -Branch of the United
Nations that deals specifically with worldwide environmental problems
Paris Agreement - Answers -Universal global climate deal aimed at keeping long-term
global temperature increase at below 2°C
National Environmental Policy Act (NEPA) - Answers -American environmental act from
the 1970s that requires federal agencies to prepare environmental impact statements
for every recommendation or report
The Environmental Protection Agency (EPA) - Answers -American agency established
in the 1970s with the goal of monitoring the environmental practices of industry
Oil Pollution Act of 1990 - Answers -U.S. law that strengthened the Environmental
Protection Agency's ability to prevent and respond to oil spills
What makes the enforcement of United Nations Environmental Program regulations
difficult? - Answers -Sovereign rights of nations
Correct! The sovereign rights of nations preclude the United Nations from enforcing the
regulations. United Nations compliance is normally voluntary and agreements tend to be
nonbinding.
Which type of duty is required to take care of the collective environment across the
nation? - Answers -Shared
Correct! Nation states and industry have a shared responsibility to take care of the
collective environment of the nation. Collectively, both can accomplish more.
Which governmental entity was created to provide regulatory authority regarding
pollution by industry? - Answers -Environmental Protection Agency
Correct! The agency was created in 1970 to monitor industry and industry's
environmental practices. The agency is not under any cabinet-level department.
Which of these agreements or treaties was to combat increased temperatures of global
climate change? - Answers -Paris
Correct! This agreement was completed in 2016 to stop or at least slow global warming.
Not all countries agreed to these goals.
National Labor Committee - Answers -A nongovernmental organization involved in anti-
sweatshop activities and the implementation of labor laws
Worst Forms of Child Labour Convention, 1999 - Answers -Convention (1999) that
aimed to eliminate all practices of child slavery or those similar to slavery
ENVIRONMENT
antitrust laws - Answers -Consumer protection policy used to limit unfair business
practices related to competition and control of prices
antitrust laws are based on one basic objective: - Answers -to protect the process of
competition for the benefit of consumers, making sure there are strong incentives for
businesses to operate efficiently, keep prices down, and keep quality up.
Sherman Antitrust Act - Answers -The first American antitrust policy. Established in
1890, it dealt with limiting the power of price-controlling cartels
It is important to note that antitrust laws are also often referred to as - Answers -
competition laws or antimonopoly laws
Many countries from several geographic regions are accused of dumping steel into the
U.S. market at unfairly low prices.
Which entity can the United States appeal to in order to correct this apparent market
manipulation? - Answers -World Trade Organization
Correct! The World Trade Organization is designed to judge potential market
manipulations of its members. The United States has accused several countries around
the world of dumping steel.
A sole, national telephone company was found violating antitrust laws and was forced to
separate into regional companies.
What caused the violation of the antitrust laws? - Answers -Reduced competition
Correct! Antitrust laws are enacted to protect consumer's rights to competition in the
marketplace. The sole, national company was a monopoly, and no competition
occurred.
A farmers market has many vendors and consumers who all sell and buy the same
produce at the same price.
Which type of market is represented? - Answers -Perfect competition
Correct! Since vendors can enter and exit the market freely with no barriers and the
products are homogenous, it is a pure competition.
The EU has a... - Answers -centralized administrative system for antitrust enforcement
antitrust enforcement in the United States is considered a... - Answers -matter of
criminal law
, collective environment - Answers -Understanding that the environment not only belongs
to everyone to enjoy but is also everyone's shared responsibility
United Nations Environment Programme (UNEP) - Answers -Branch of the United
Nations that deals specifically with worldwide environmental problems
Paris Agreement - Answers -Universal global climate deal aimed at keeping long-term
global temperature increase at below 2°C
National Environmental Policy Act (NEPA) - Answers -American environmental act from
the 1970s that requires federal agencies to prepare environmental impact statements
for every recommendation or report
The Environmental Protection Agency (EPA) - Answers -American agency established
in the 1970s with the goal of monitoring the environmental practices of industry
Oil Pollution Act of 1990 - Answers -U.S. law that strengthened the Environmental
Protection Agency's ability to prevent and respond to oil spills
What makes the enforcement of United Nations Environmental Program regulations
difficult? - Answers -Sovereign rights of nations
Correct! The sovereign rights of nations preclude the United Nations from enforcing the
regulations. United Nations compliance is normally voluntary and agreements tend to be
nonbinding.
Which type of duty is required to take care of the collective environment across the
nation? - Answers -Shared
Correct! Nation states and industry have a shared responsibility to take care of the
collective environment of the nation. Collectively, both can accomplish more.
Which governmental entity was created to provide regulatory authority regarding
pollution by industry? - Answers -Environmental Protection Agency
Correct! The agency was created in 1970 to monitor industry and industry's
environmental practices. The agency is not under any cabinet-level department.
Which of these agreements or treaties was to combat increased temperatures of global
climate change? - Answers -Paris
Correct! This agreement was completed in 2016 to stop or at least slow global warming.
Not all countries agreed to these goals.
National Labor Committee - Answers -A nongovernmental organization involved in anti-
sweatshop activities and the implementation of labor laws
Worst Forms of Child Labour Convention, 1999 - Answers -Convention (1999) that
aimed to eliminate all practices of child slavery or those similar to slavery
