The _____ prohibits U.S. companies from offering or paying bribes to foreign government officials, political parties, and candidates for office for the purpose of obtaining or retaining business.

An agent who distributes, represents, or sells goods on behalf of a foreign seller is referred to as a[n] ______. 
A. Export representative
B. Import representative
C. Foreign sales representative
D. Foreign exportation proponent
E. International sales and importation expert

A foreign sales representative is an agent who distributes, represents, or sells goods on behalf of a foreign seller and forwards orders directly to the company. The representative is usually compensated through commissions on completed transactions.

A[n] _____ purchases goods from a seller for resale in a foreign market. 
A. Foreign sales representative
B. Distributor
C. Licensing agent
D. Joint agent
E. Affiliate agent

Companies may also engage distributors for their products, who purchase goods from a seller for resale in a foreign market. Distributors are responsible for supporting and servicing the products they sell. Unlike the foreign sales representative, the distributor takes title to the goods and assumes the risk of being unable to resell them at a profit.

How does ratification of international agreements occur in the U.S.? 
A. Through the advice and consent of two-thirds of the Senate after the president submits the agreement for consideration.
B. Through the advice and consent of two-thirds of the House of Representatives after the president submits the agreement for consideration.
C. Through the advice and consent of two-thirds of the Senate and two-thirds of the House of Representatives after the president submits the agreement for consideration.
D. Through consent of the president.
E. Through the consent of the president and the approval of at least half the individual state legislatures.

Ratification occurs in many different ways. In the United States, it requires the advice and consent of two-thirds of the Senate after the president submits the agreement for consideration.

The _____ prohibits U.S. companies from offering or paying bribes to foreign government officials, political parties, and candidates for office for the purpose of obtaining or retaining business. 
A. The Foreign Corrupt Practices Act
B. The Foreign Bribery Act
C. The Foreign Political Act
D. The International Fairness Objective Act
E. The International Trade Act

The Foreign Corrupt Practices Act (FCPA) prohibits U.S. companies from offering or paying bribes to foreign government officials, political parties, and candidates for office for the purpose of obtaining or retaining business.

Which of the following is a tax levied on imported goods? 
A. Non-tariff barrier
B. Embargo
C. Indirect barrier
D. Tariff
E. Dumping

Tariffs are taxes levied on imported goods.

Which of the following are examples of non-tariff barriers? 
A. Quotas
B. Embargoes
C. Indirect barriers
D. Quotas and embargoes, but not indirect barriers
E. Quotas, embargoes, and indirect barriers

A nontariff barrier is any impediment to trade other than tariffs, including quotas, embargoes, and indirect barriers.