Responsibility and Profession Having an unethical Accountant could change the atmosphere of your company a s well as your reputation to the public, one should change accountants immediately if they feel like they do not have an ethical accountant – in the end it will save your company a lot of hardship. “An accountant does your tax return. You complain about the amount of the refund saying that its $2,000 less than you traditionally receive. Without evidence, reason, or ethics, your accountant
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Olympics Committee to select Salt Lake City as the site of the 2002 Winter Olympics. There can be a very fine line between what is considered lobbying and bribery, and this situation walks this line narrowly. There are few differences between the acts of bribery and lobbying, but the few details are enough to separate one from legal implications. Lobbying is typically described as giving money as contribution to political groups in exchange for hoped-for favorable treatment when certain legislative
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interdependence also the effect of trade practices and agreements. The third subject will cover the importance of demographics and physical infrastructure; also this section will analyze the influence of cultural differences. The fourth subject will cover the importance of social responsibility and ethics versus legal obligations. The fifth subject will analyze the effect of political systems and the influence of international relations; also the Foreign Corrupt Practices Act of 1977 will be analyzed, also
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Jextra Neighbourhood Stores in Malaysia A Critical Analysis Sharon D. Doherty-Ritter UMUC AMBA 660 Professor Mike Shin Introduction Jextra Stores is a large Asian grocery retailer based in Hong Kong, China and is owned by Sin Lim Holdings, a large publicly traded industrial group. Jextra operates supermarkets, hypermarkets, and convenience stores in Hong Kong, China, Philippines, Viet Nam, Malaysia, Thailand and Singapore. Jextra entered Malaysia, a stable and prosperous
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this practices are considered part of the culture as such. In particular for very large international companies, with subsidiaries spread all over the world, to keep track of unethical practices may be difficult, as to maintain the integrity of the corporate culture in all the people involved in the organization, from the employees, sales managers and top management. Every country has a different culture, and every culture has its own level of tolerance against corruption. Since bad practices like
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payment would be in direct violation of U.S. law, the foreign corrupt practices act (FCPA). This law forbids any payment by a company, its employees, or its agents directly or indirectly to a foreign government official or a foreign political party. Providing this payment is a bribe, this practice can lead to large fines and prison time and personally I don’t look good an orange jump suit. Secondly, this is an unethical practice and could damage the reputation of the company. It can also lead to a
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have to remember that some bribery can also be good. It can save lives and it can get people out of trouble when there shouldn’t have been any trouble in the first place. When it comes to foreign Bribery it happens a lot. The U.S. Foreign Corrupt Practices Act (FCPA) of 1977 is supposed to stop bribery that goes on between foreign officials. It has definitely decreased the
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Company Law Cons Even though the Hong Kong Bribery Law acts effectively in anti-corruption compared to the mainland bribery law, there are still some loopholes, especially when compared to the UK Bribery Act and the US Foreign Corrupt Practices Act. Similar to the effectives of the Bribery Law, the defects of the HK bribery law also covers equality, enforceability, recourse efficiency and law as a reflection of community standards and expectation four aspects, and each will be discussed with
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doing business? Discuss this in light of Siemens’ bribery scandal. Bribing is unethical and it takes the level playing arena away from business and all that compete within it. Oligopolies and monopolies arise from this type of unfair business practice. The employees of Siemens felt they had done no wrong because they were simply helping the company and were not to gain anything personally. This group claimed that this type of behavior had been in place for quite a while and their management accepted
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products are available in over 200 countries ("Our Company", 2014), meaning the Coca-Cola Company is successful at considering the various effects and influences pertaining to global and domestic marketing. * Global Economic Interdependence, Trade Practices and Agreements * In many cases, foreign countries and their economies rely on each other more than ever. Some countries have an abundance of natural resources or raw building materials, while others focus on agriculture as the main source of
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