...Stakeholder Influence 67% 123 Ethical Differences 100% 456 Rules of Ethical Decision Making 100% 789 Laws Affecting Business Commerce 100% 101112 Laws Affecting Business Occupation 100% 131415 Laws Affecting Business Organization 100% 161718 Concept: Stakeholder Influence Mastery 67% Questions 123 Materials on the concept: Stakeholders and Business Ethics 1. Which of the following people or groups supply a company with productive resources and are affected by the way a company does business? A. Stakeholders B. Customers C. Employees D. Managers Correct : “Stakeholders (are) people or groups of people who supply a company with its productive resources and thereby have an interest in how the company behaves” (Jones, 2007, p. 144). Materials Stakeholders and Business Ethics 2. Who has a claim on a company because they own shares? A. Employees B. Stockholders C. Customers D. Managers Correct : Stockholders own shares (stock) of a company; therefore, they have a claim on the company’s profits in the form of dividends. Materials Stakeholders and Business Ethics 3. Important issues can arise concerning how and when payments are made to this group of stakeholders? A. Stockholders B. Customers C. Employees D. Suppliers and distributors Incorrect : Many issues are dependent on business ethics, one of which is making sure that suppliers and distributers get paid in a timely manner for the inputs they...
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...Environmental factor This factor refers to ecological and environmental aspects such as weather, climate, and climate change. The environmental factor will be a big threatens for this type of industries, for examples tourism, farming and insurance (Dineshbakshi.com, 2010). In addition, growing awareness to climate change is affecting how companies operate and the products they offer. Climate change is a very significant result that it create an opportunity to let many of company run into the concepts of Green Business. This factor it will create an opportunity to a company that given them to make profit in the business, but it also will destroy the existing business. For example, Toyota was that successful that the first manufacturer to developed hybrid petrol that use kinetic energy to charge a battery which is used as a supplement to the normal engine, thus significant improving petrol consumption and reducing emissions, to protect the environment of earth. Figure 1: According to Hybridcars.com (2008) research, as we can see the Figure 1, they have significant increase of sales for Toyota Prius from 2000 to 2008. Nowadays, people are willing to buy the hybrid vehicle because some of the reasons, the first is the customer want to protect the environment, second is the fuel price is increasing year by year, hybrid car can help customer to save more money from the fuel. This means that, the environment factor affect the Toyota to create a hybrid vehicle, and hybrid vehicle...
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...Ethical Decision International businesses have different ethical laws that apply to the employees and the employers. When an unethical situation occurs in a company, it is important to know the ethical standards of that company and also the rights of the employee and the employer. Understanding the rights and ethical standards of an organization helps an employee or the employer make the right choice when an unethical situation arrives. Mary, a recently graduate from college is currently working for an international corporation as an administrative assistant. The corporation is an international manufacturer with business in United States and Europe. Mary has been on the job for four months and recently she has noticed that there is a lot of unethical behavior at her job. Some of the employees are coming to work intoxicated, arriving late on a daily basis, leaving work early and taking long breaks and lunches. The situation is affecting Mary because it is not right for the company and it is affecting her character. Mary is not sure of what to do; therefore she first has to get educated on ethical standards for the company in United States and Europe. The rights for the employees in the United States are very simple and ethical. Both employees and employers have rights and responsibilities that are based on business law. All employees who work in the US and its territories are protected by EEO laws. Employees have the right to expose corruption when discovered. They...
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... What is the concept of the federal trade commission? How do they help us in our everyday economic planning? Is the federal trade commission the reason for businesses being more customer orientated? Can this will design federal government section keep big businesses in check or will small business be left for the taking. How is the federal trade commission broken to oversee the companies and how these laws are being kept? Why is this so important to the American people? This section of the American is like the godfather of business protection and keeper of guidelines. This area is cornerstone of ensuring a balance to the business world as we know today. You have to ask yourself without them would the economic be safe? Current Mission Let’s take a look at the current mission of the Federal Trade Commission as we know today. As a consumer or business person, you may be more familiar with the work of the Federal Trade Commission than you think. The FTC deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers’ interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs...
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...Recognizing and Minimizing Tort Paper Jorge A Cuellar University of Phoenix LAW/531 Business Law November 08, 2010 Loi-Natalie Laing, Esq. Recognizing and Minimizing Tort Paper Alumina Inc. is a company that makes aluminum automotive components and manufacturers all packaging materials like bauxite mining, alumina refining, and aluminum smelting. The company uses some chemicals that are necessary for the process and these chemicals contain and produce carcinogen effluents that can affect the environment and the people’s health in certain ways. The company is locating near to a lake and a small town, therefore the environmental regulations are very strictly in order to prevent any type of contamination that could affect the wildlife and the people surrounding the company. It is necessary to implement an operational system that will control and minimize the impact of the company’s waste toward the environment. The purpose of this paper is to recognize and minimize tort and regulatory risk plan for a company such as Alumina Inc. and explain how regulatory risks may be identified and managed through preventive, detective, and corrective measures. This plan has to be implemented according to the process and the technology employs within the company, in order to be efficiently and at the same time comply with the purpose of protecting the environment and meet the governmental regulations. Tort law imposes a duty on persons and businesses agents to prevent intentional and...
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...Political Factors Affecting Nokia The impact of political factors on Nokia is hard to ascertain. The company is based in the European nation of Finland, but the Finnish government has refused to give it a bailout or special favors.[1] This forced Nokia into an uneasy alliance with Microsoft (NASDAQ: MSF) that has since fallen apart.[2] Unlike some tech companies, Nokia lacks strong government support because it is based in a small country. This can both help and hurt the company because it is not associated with a major power, but it might lack the political clout of American- or Chinese-based rivals. Don't get caught plagiarizing Political unrest or other changes in China could disrupt production and limit Nokia’s manufacturing capabilities in that country. This could force it to move production to higher-cost locations such as the United States. Economic Factors Affecting Nokia Nokia suffered heavily from the European downturn of recent years. Economic turmoil in Europe has hurt it badly by limiting buying power in its home markets. Unlike Apple, Nokia has had a hard time tapping into the fast-growing Chinese market. Nokia also lacks the vast economic resources available to some of its competitors, such as Google, Apple and Samsung. In particular, Nokia seems to lack the research and development capabilities that have enabled these companies to develop new devices and tap new markets. One reason why it lacks those capabilities is that Nokia simply...
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...set of principles of correct behavior towards people . This shows us how McDonald uses the factors for successful business in the world . The internal factors of McDonalds activities include political factors , competitors and consumers in their country . The external factors of McDonalds are those in which it has to examine the full criteria: political environment , legal environment , sociocultural environment , demographic situation of country . Competitors: Wendy's , Burger King and Hardees are the main competitors of McDonalds . McDonalds always . competition is very high in this market for managing the competition McDonalds maintain as good product quality and services . Mainly the food...
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.... PESTLE analysis of the motor bikes industry in UK PESTLE analysis{Palmer Clive }of motorbike industry sector investigates the important factors that are affecting the industry and influencing the companies operating in that sector. It is also perfect tools for mangers and policy makers of motorbike industry,helping them to analyzing the factors which are affecting while driving their industry to different countries of the world. Throughout the last few year,the acronym PESTLE has been suffering a numbers of changes,but it seem to be the most important factor which is helpful for decision-makers of royal-Enfield to analysis the current situation of the that country where industry expands.There are six factors which are influencing PESTLE analysis. Political factors include areas such as taxation policy, law labor of law,transportation problems and stable political environment. Furthermore, governments have great influence proposal that limit number of motorcycles being sold in the country because Indian currency changes everyday with the comparison of UK pounds.The changes of currency means the changes of price of products and demand of product like royal Enfield are also changes which means recession are enter into the market so UK government take some steps to solved the this problem.Royal Enfield sales would affect by this issue.Furthermore UK consumers pay higher pre-tax prices for Motorbikes than anyone else in the Europe.Government is keen to attract foreign firms...
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...have higher poverty rates, a larger percentage of elderly, tend to be in poorer health and face more difficulty getting to health services. The circumstance of where you live has a significant overall effect on the number of primary-care doctors, specialists, hospitals and other health resources available. In rural communities, lack of transportation and distance to an emergency room or a hospital can be important barriers to receiving prompt treatment” (Factors Affecting Health-Care Delivery). Personal and ethical beliefsof the community also determine what the make up of the facility will look like. Some communities are high in spiritual beliefs, some in home remedies, some in vaccinating, some in preventative care. Depending on what the community is like determines what kind of care they offer. At Ashton court for example these residents are high in spiritual beliefs and faith. Therefore, Ashton court offers a prayer room and spiritual support as well as the medical side of care. Sylvan (2013), " some factors affecting health-care delivery are related to an individual's circumstances....
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...The Commerce Clause and its Effects on Business Commerce Clause is defined in the glossary of our text as provision in the U.S. Constitution controlling the regulation of intrastate, interstate, and foreign commerce and delineating authority for such regulation. (Business, p.G-4) Article 1, Section 8, Clause 3 of the Constitution empowers Congress “to regulate Commerce with foreign Nations, and among several States, and with Indian Tribes.” The term commerce as used in the Constitution signifies business or commercial trades in any and all of its usages between citizens of different states, including purely social communications between citizens of different states by telegraph, telephone, or radio, and the mere passage of persons from one state to another for either...
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...circumstances relating to the soil conditions, shape or topography and especiallyaffecting such land but not affecting generally the zoning district in which it is located; (2) aliteral enforcement of the residential zoning would involve a substantial hardship, financial orotherwise, to the petitioner; and (3) desirable relief may be granted without substantialdetriment to the public good, and without nullifying or substantially derogating from the intentor purpose of such ordinance or by-law. Mass. Gen. Laws ch. 40A, § 10.In Grenon v. Commonwealth, (2004) Mass. Super. LEXIS 176, the court stated “No person hasa legal right to a variance and they are to be granted sparingly . . . [Reviewing courts should]ensure that local boards of appeal conform with the statutory restrictions upon grantingvariances." Damaskos v. Board of Appeals of Boston, (1971) 359 Mass. 55, 61, 267 N.E.2d 897.The statutory requirements are conjunctive, so "a failure to establish any one of them is fatal."Blackman v. Board of Appeals of Barnstable, (1956) 334 Mass. 446, 450, 136 N.E.2d 198.” In Shacka v. Board of Appeals, (1961) 341 Mass. 593, the Massachusetts Supreme Courtreviewed a decree upholding a zoning variance granted to a gas station owner. In its decision,the Court held that no hardship to the gas station owner was shown attributable to conditionsespecially affecting his property and not affecting generally the zoning district in which it waslocated....
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...Assessment and PLTS LO1: Know the range of different businesses and their ownership Introduction to unit and the structure of the programme Introduction to LO1 Range of different businesses: local; national; international; global; public; private; not-for-profit/voluntary; sectors of business activity (primary, secondary and tertiary) Business purposes: supply of products or services; difference between profit and not-for profit organisations Set up file for new unit Reflective questions AS1 Business types and ownership, Task 1; as individual or pair activity SB activities: • Starter stimulus • Tony and Guy • Aresenal • VSO • Primary, secondary and tertiary businesses Sample assignment brief Task 1.1 for P1; learners should spend the session time and NS time on this activity SB activities: • Poundland AS1 Business types and ownership SB Sample assignment brief Task 1.1 Stretch and support Assessment P1 PLTS RL BTEC National Business © Pearson Education Ltd 2010. Copying permitted for purchasing institution only. This material is not copyright free. BTEC National Business Unit 1 The business environment Unit 1 The business environment Scheme of work 5 3 4 5 Content...
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...* Topics to be discussed: * What is International Business Environment? * Changing Pattern of International Management * Major Elements Affecting International Business * International Business Environment * The international business environment can be defined as the environment in different sovereign countries, with factors exogenous to the home environment of the organization, which influences decision-making on resource use and capabilities. * It involves three environments such as domestic, foreign and international. * Domestic environment * composed of all the uncontrollable forces originating in the home country that influence the firm’s life and development. * Foreign environment * composed of all the uncontrollable forces originating outside the home country that influence the firm. * the kinds of forces are the same as those in the domestic environment but their values often differ and changes in the values of foreign forces are at time more difficult so assess. * International Environment * interactions between the domestic environmental forces and the foreign environmental forces AND * interactions between the foreign environmental forces of two countries when an affiliate in one country does business with customers in another. * The Forces: * environment: all the forces surrounding and influencing life and development of the firm; they can be external or internal * uncontrollable (external)...
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...Chapter 15: Understanding Accounting and Financial Statements Introduction The purpose of this chapter is to identify some of the concepts of Understanding Accounting and Financial Statements in the business world. Learning objectives 1. Explain the functions of accounting, and identify the three basic activities involving accounting. 2. Describe he roles played by public, management, government, and not-for-profit accountants. 3. Identify the foundations of the accounting system, including GAAP and the role of the Financial Accounting Standards Board (FASB). 4. Outline the steps in the accounting cycle, and define double-entry bookkeeping and the accounting equation. 5. Explain the functions and major components of the four principal financial statements: the balance sheet, the income statement, the statement of owner’s equity, and the statement of cash flows. 6. Discuss how financial ratios are used to analyze a company’s financial strengths and weaknesses. 7. Describe the role of budges in a business. 8. Outline accounting issues facing global business and the move towards one set of worldwide accounting rules. 1. Explain the functions of accounting, and identify the three basic activities involving accounting. Accounting measure, interpret, and communicate financial information to parties inside and outside the firm to support improved decision making. Accountants gather, record, and interpret financial information to management....
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...Uniform Commercial Code is a model act that includes comprehensive laws that cover most aspects of commercial transactions. All the states have enacted all or part of the UCC as statues (Cheeseman, H. R., p.245). This code is a set of laws that provide legal rules and regulations governing commercial or business dealings and transactions. It also regulates the transfer or sale of personal property. I think what occurred between Gadgets Galore and WidgetsRUS can possible be considered a breach of contract under the Uniform Commercial Code. Even though there was a verbal agreement and a written agreement WidgetsRUS failed to respond to in a timely manner. Therefore, under UCC terms, Gadgets Galore would be entitled to financial remedies equal...
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