accounting and finance. Whether more or less regulations are put in place employees and companies need to make sure that the obey the regulations. Some of the regulations that have been put in place are the Securities Act of 1933 and 1934 and also the Foreign Corrupt Practices Act of 1977. Regulations I think that regulations need to be monitored and controlled better. I do not think that necessary more regulations need to be put in place. Just enacting more regulations does not do anything
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not follow these regulations. Over the last few years, we have seen numerous businesses and individuals, such as Enron and Martha Stewart, who found loopholes around the government regulations that gave them the opportunity to commit the unlawful acts they were involved in. Even with all of the technologically advanced systems set in place individuals in corporate America continue to engage in scandalous behaviors. It has become increasingly obvious that the number of fraudulent activities committed
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to the Sarbanes-Oxley Act of 2002. Previous regulations were efficient to a certain extent, but scandals still happened and more regulation seemed to always be needed. Even though the new SOX regulation seems powerful and efficient, I believe that there will always be a need for additional regulation in order to prevent future scandals. Securities Acts of 1933 and 1934 Summary of Regulation The stock market crash of 1929 resulted in the Securities Act of 1933. This act required that before a
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interdependence and the effects of trade practices and agreements in the marketing. Also we will relate the significance of demographics and physical infrastructure variable while we examine the importance of social responsibility and ethics versus legal obligations firms consider prior to decisions. In this paper we will also analyze the effects of political systems and international relations starting with the case study summary of the Foreign Corrupt Practices Act of 1977, and the influence of local
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business partner located in a different country, it would be practical for the company to decide on the type of law clauses used during contract negotiations. As indicated in the succeeding simulation example, some law clauses support both domestic and foreign governments. There are other law clauses that are not supported. In University of Phoenix simulation (2012), a U.S. based company, CadMex Pharma, is entering contractual agreements with Gentura, a biotechnology-based company located in Southeast
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located in a different country, it would be practical for the company to decide on the type of law clauses to be used during contract negotiations. As indicated in the succeeding simulation example, some law clauses are supported by both domestic and foreign governments and others are not supported. In University of Phoenix simulation (2012), a U.S. based company, CadMex Pharma, is entering contractual agreements with Gentura, a biotechnology-based company located in Southeast Asia called, Candore.
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residency, entry and exit in Kenya. This paper describes the history and set up of DISK and highlights corruption and unethical practices that subsists within the department, consequently presenting a threat to social justice and economic development in Kenya. The paper introduces the findings of an examination on systems, policies, procedures and practices that promote corrupt practices at the DISK, conducted by Kenya Anti-Corruption Commission (KACC), an agency mandated by the Government of Kenya (GOK)
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Environmental Factors Many factors affect the marketing decisions of an organization. These factors can include trade practices, cultural differences, and the political systems in different countries. Wal-Mart, having expanded their operations to 27 different countries, must keep these factors in mind when making marketing decisions. Global economic interdependence and trade practices Global interdependence is mutual dependence at a global level. Wal-Mart maintains a simple and effective marketing
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the public good. They divert funds from owners, shareholders, and are usually paid as fees, commissions, or are paid without record. The cost to the public totals millions of dollars annually. The US Government is aware of almost 100 cases in which foreign bribes undercut the ability of US firms to win contracts valued at $45 billion in the 12 months before May 1995. "Corruption occurs when someone has monopoly power over a good or a service, has the discretion to decide whether or not you receive it
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James Sturgill April 14,2014 Research Paper: Foreign Assistance The government needs to solve the problem of wasteful spending in regards to its use of foreign aid. While it has been a practice for the U.S. to provide foreign aid to other countries for national security purposes, wasteful spending in a time when the U.S. already runs a large deficit needs to stop. I recommend the cutting of foreign aid to foreign nations and in turn setting up an economic investment fund aimed to help countries
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