points) The FCPA makes it illegal to influence foreign officials through the granting of favorable tariff rates. True False Question 6 of 40 (worth 0.2 points) Which of the following statements with to the Transparent Agents Against Contracting Entities (TRACE) is incorrect? | A. | It was developed after a review of the practices of 34 companies | | B. | It applies to business intermediaries | | C. | It was developed as a way to prevent the shifting of corrupt practices to suppliers
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3. To create employment 4. To generate social welfare 1. The notion of company loyalty, according to Shaw, is 1. Outdated 2. Trendy 3. Commonplace 4. Rare 1. What is the primary source of an organization’s right to expect employees to act on its behalf? 1. Common decency 2. Morality 3. Common law 4. Contract 1. The buying or selling of stocks by business insiders on the basis of information that has not yet been made public is 1. Insider trading 2. Business broking 3. Hedging
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the largest electronics company in the world as well as Europe’s largest engineering conglomerate. However, on December 15th of that same year, Siemens became known worldwide for a more dubious distinction after settling an extensive Foreign Corrupt Practices Act (FCPA) investigation. The company plead guilty to corruption charges and agreed to pay the sum of $1.6 billion in disgorgement and fines. It was, and still remains to this day, the largest enforcement action by the United States Department
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Environmental Factor for Nestle Andrea Trahan MKT 421 July 30, 2012 Kenneth Peter Environmental Factor for Nestle Global Marketing has advantages that allow for centralize management and coordination of critical business functions, such as human resources, finance, and product development, according to Hammond (2012). Domestic Marketing strategy assumes consumers in different countries or geographic regions differ from one another and are ideal for highly differentiated products, according
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witness it in the last six months (LRN, 2009). This is because the Western world is very individualistic in their thought processes, so they become competitive, and will hurt anyone in the process to get to the top. Is it ethical to take part in corrupt international business transactions? Legal? Explain. Yes, culture can affect the ethical standards and shape business behavior in many ways. One of the ways are bribes, many business in other countries uses bribes to get what they want. This is how
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Legal and Ethical Issues Summary CadMex is in Florida and markets its product in 127 countries around the world. I am attempting to coordinate the contractual terms between CadMex Pharma and Gentura. Gentura is a biotechnology company based in Candore, which is known for ProPez, which is a breakthrough medication for anti-diabetes. The company does not have the abilities to produce globally, and CadMex is attempting to negotiate a partnership. Some issues to consider in resolving disputes in
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of interest. The issues that Jextra is facing are not uncommon in international business, and as a country manager Chong should anticipate these types of issues to as well as other legal issues that include product safety and liability, marketing practice, rule of origin, jurisdiction, and intellectual property protection when conducting international business as described in DRS. (pg 129) How should Chong resolve the requests from the mayor of Klang? Resolving the request from the mayor of Klang
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bribes to Nigerian government officials by Jeffrey Tesler would be considered facilitating payments under the terms of the Foreign Corrupt Practices Act. The Foreign Corrupt Practices Act or also known as FCPA is against the bribery of foreign officials, essentially government officials in an attempt to reduce corruption and money laundering through the global financial system. Corrupt political officials and those in high army office were targeted with a view to preventing government officials from exploiting
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are three basic duties officers and directors have: duty of diligence, duty of loyalty, and duty of obedience. Duty of diligence requires that they act reasonably, in good faith and in the organization’s best interest; duty of loyalty requires that they place the interest of the organization before themselves; and duty of obedience requires them to act within the rules and laws. Officers and directors who fail to follow these three responsibilities can be held personally liable for their own actions
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legal obligations regarding bribery and corruption in the countries they do business.” “Making employees aware of the penalties and ramifications for lone actions, such as criminal sanctions.” “Having a system in place to investigate any foreign agents and overseas partners who will be negotiating contracts.” “Keeping an effective whistle-blowing system in place.” (p. 46)
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