Essay about Chapter 3 Assignment

Good Essays

Page 104, 3.1, (choose any three)
A. Definitely the American businessman did not study the Saudi ethics principles before visiting the country; he made several ethical mistakes.
B. He had to inform the team what was the point of the meeting, so that people would be prepared for it with ideas.
C. The Spanish guys needed to study the business ethics in USA; not anyone needs to receive the information (only those who are concerned by it).

Page 105, 3.2
a. What does the abbreviation UTC indicates?
Coordinated Universal Time (UTC) is the basis for civil time today. This 24-hour time standard is kept using highly precise atomic clocks combined with the Earth's rotation.

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Do not offer or accept gifts of cash or cash equivalents to or from any current, former or potential vendor, customer, broker or provider. Cash equivalents include checks, honoraria, money orders, stocks and savings bonds. Gift certificates and gift cards are not considered cash equivalents, but they are subject to our limits on business courtesies.
Entertainment and meals offered or received by employees as part of legitimate business activity are not included in the $50 gift limit, but they must be within reason and moderation. Generally, prizes from raffles and drawings outside of business activities are not considered gifts.
Although we do not set a dollar limit on gift giving among employees, always use good judgment when giving or accepting gifts. Gifts of nominal value are always best, and contributing to a gift must always be voluntary. Never give a gift to another employee to influence or show favoritism.
• Know that when the Company awards items to employees as recognition for a business achievement or as part of Company sponsored events, they are not considered gifts, but they are subject to all applicable federal, state and local tax requirements

2. 3M Company:
What to avoid
Giving or receiving money or cash equivalents such as gift cards, gift certificates or vouchers almost always violates this Principle. In very rare, limited and defined circumstances, within special conditions, 3M policies and
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