Question

In 2006, the Boeing Company agreed to pay a $15 million fine to settle allegations made by the U.S. Department of State that it violated Export Administration Regulations (EAR).

a. True
b. False

Answer 1

B. False

Step-by-step explanation:

Export Administration Regulations (EAR) are set rules which helps to govern the export of products and services to other countries. Boeing company was known to violate any of the Export Administration Regulations. The company was involved in unauthorized sales of commercial airplanes carrying a small gyrochip with military applications to other countries.The fine was initially set at 15million dollars but an agreement was reached with the U.S Department of State to pay 10 million dollars.