Directions: Students must answer all questions completely. Be concrete.
1. Antitrust regulation is a centerpiece of American regulation. How does the Clayton Antitrust Act differ from the Sherman Antitrust Act? What role does the Federal Trade Commission (FTC) and the Justice Department play in enforcing antitrust regulations? Does the United States have an effective antitrust policy, and how does one measure that?
2. Choose at least three independent federal regulatory agencies, other than the FTC, and describe their responsibilities and authority. When and why were they created? What are their strengths and weaknesses? What are the major issues currently facing each agency?Using concrete metrics determine if they are effective in achieving their central mission and objectives.
3. Define and describe E-Commerce. Discuss the types of E-Commerce. Discuss a brief history of E-commerce. Define the major types of B2B and B2C Business Models. Provide examples of how a Web-site can provide both strengths and weaknesses for a business. Use concrete examples.
4. One cannot think about the contemporary world of globalized business without recognizing the elephant in the room - China. What are China's main strengths and weaknesses? What are the costs and benefits of doing business with China? How has China affected business globalization? What role does the Chinese government play in the development and execution of its business and commerce? What are the opportunities and threats China presents for today and the future? Can America remain competitive? Answer with specific evidence and examples.