What US laws limit US business practices in foreign countries?

The video discusses various US laws that impact businesses operating in foreign markets. It covers the Anti-Terrorism and Effective Death Penalty Act and the US Patriot Act, which prohibit business with entities linked to terrorism. The Foreign Corrupt Practices Act is also highlighted, emphasizing the prohibition of bribery and illegal kickbacks to foreign officials. Additionally, the video outlines other US laws, such as discrimination, environmental, antitrust, and tax laws, that apply to foreign market activities, including reporting requirements for large money transfers.

Which U.S. law prohibits businesses from engaging with foreign entities linked to terrorism?

• Anti-Terrorism and Effective Death Penalty Act

• Sherman Antitrust Act

• Foreign Corrupt Practices Act

• Environmental Protection Act

What does the Foreign Corrupt Practices Act primarily restrict?

• Engaging in foreign trade

• Offering bribes to foreign officials

• Exporting goods without a license

• Hiring foreign employees

Which of the following is an exception under the Foreign Corrupt Practices Act?

• Large bribes

• Unreported transactions

• Customary payments

• Illegal kickbacks

What must U.S. companies report when transferring more than $10,000 abroad?

• The purpose of the transfer

• The transfer to the U.S. government

• The currency used

• The recipient's nationality

Which law is concerned with preventing adverse effects on competition in foreign markets?

• Tax laws

• Antitrust laws

• Discrimination laws

• Environmental laws