Question

why is it important to understand comparative law as a businessperson? multiple choice all businesspeople must know all international laws to do business effectively. businesses must abide by all treaties that are in place in all countries. federal law requires that businesses get federally licensed to do business abroad. because of advances in technology and transportation, trade with other countries is far easier today than it was in past years. the european union mandates that all u.s. businesses be certified in international law.

Explanation:

• Option 1: "All businesspeople must know all international laws" is incorrect as knowing all is impossible and not a realistic requirement.
• Option 2: "Abide by all treaties in all countries" is incorrect as businesses operate in specific countries and not all treaties apply to all businesses.
• Option 3: There is no federal law mandating all businesses to get federally licensed to do business abroad.
• Option 4: With advances in technology and transportation, international trade is easier, so understanding comparative law (differences in legal systems across countries) helps businesspeople navigate international business effectively.
• Option 5: The European Union does not mandate all U.S. businesses to be certified in international law.

Answer:

D. Because of advances in technology and transportation, trade with other countries is far easier today than it was in past years.