The Foreign Corrupt Practices Act: a) forbids U.S, companies from offering bribes when engaged in foreien business transactions. b) imposes penalties on foreign firms that try to bribe U.S. officials C) clearly states that all gifts that the representatives of a firm receive abroad constitute a form of bribery. d) protects American consumers from fraudulent foreign business practices
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- 31) Tokens of appreciation and grease money are considered ________. A) cultural reward systems B) questionable payments C) sales commissions D) business expenses 32) The Foreign Corrupt Practices Act of 1977 was primarily established to ________. A) distinguish between harmless customs and actual bribery B) combat corruption initiated by electronics firms and their subsidiaries C) provide managers with anonymous methods for reporting bribery D) prosecute international extortionists under the U.S. legal system 33) Which of the following prohibits U.S. companies from making illegal payments or other gifts or political contributions to foreign government officials for the purposes of influencing them in business transactions? A) Sherman Antitrust Act B) Robinson-Patman Act C) Wagner Corruption Act D) Foreign Corrupt Practices Act 34) Which of the following was the primary purpose of the Organization for Economic Cooperation and Development Convention on Bribery? A) to establish bribery…Kindly Explain the following: 1. It harmonizes existing ethical standards among business operating in the Philippines. It ensures thatdifferentmarket players adhere to the same rule of the game in order to create fair market conditions andpromote transparency in doing business.2. the Code formally communicates the signatories’ commitment to upholding high standards of ethics in allbusiness transactions. It articulates the belief that securing profit at the expense of integrity is anunacceptable and unsustainable way of conducting business and that measures have been taken toenforce and cultivate integrity habits within the signatories’ respective organizations.(Reuters) - AMC Entertainment Holdings has approved millions in bonuses to its top executives and eligible employees as a means to preserve stockholder value during the COVID-19 pandemic, the theater operator said.In a regulatory filing on Friday, the company said Chief Executive Officer Adam Aron would receive $3.75 million as bonus, while other top executives are entitled to bonuses of $173,000 to $507,000.The move comes at a time when cinema chains like AMC have taken a blow due to coronavirus-led restrictions that caused delays in film releases. The company staved off bankruptcy through a debt restructuring deal last year.Read more from the link here: https://sg.news.yahoo.com/amc-entertainment-ceo-adam-aron001505346.html (a) Describe the utilitarian theory and apply it to the above case to determine if AMC’sdecision of giving bonuses to its top executives is ethical or not (b) Identify at least 3 main ethical issues in the above case scenario. (c) How can utilitarianism be…
- Government takes Huawei South Africa to court over employment equity violationsThe Department of Employment and Labour has filed court papers against Huawei Technologies South Africadue to non-compliance with employment equity policies.Huawei Technologies South Africa was audited in 2020 and found to be non-compliant in that they employapproximately 90% foreign nationals, which violates the Employment Equity Policy (EAP), the department said ina statement on Friday (11 February)...The above action by President Cyril Ramaphosa is an example of… a) Market participation.b) Public provision of goods and services.c) Regulation.d) Government spendingSouth Africa’s government intends making it mandatory for all metal traders to get licenses and prevent them from dealing in cash, a measure aimed at combating a massive illegal trade in cables and wiring stripped from rail, power and telecommunication lines. Traders will also be required to conduct due diligence on their customers and track the origins of their products, the National Treasury said in the annual budget review, which was published in Cape Town on Wednesday. Cable theft and vandalism is undermining the government’s efforts to revive the coronavirus- battered economy by bolstering more infrastructure investment, enhancing the power supply and improving transport links. Freight rail operator Transnet, telecommunications company Telkom, power utility Eskom Holdings and the Passenger Rail Agency of South Africa estimate that thieves and vandals cost them a total of 7 billion ($459 million) a year. The knock-on losses to the economy amounted to about R187-billion annually,…South Africa’s government intends making it mandatory for all metal traders to get licenses and prevent them from dealing in cash, a measure aimed at combating a massive illegal trade in cables and wiring stripped from rail, power and telecommunication lines. Traders will also be required to conduct due diligence on their customers and track the origins of their products, the National Treasury said in the annual budget review, which was published in Cape Town on Wednesday. Cable theft and vandalism is undermining the government’s efforts to revive the coronavirus- battered economy by bolstering more infrastructure investment, enhancing the power supply and improving transport links. Freight rail operator Transnet, telecommunications company Telkom, power utility Eskom Holdings and the Passenger Rail Agency of South Africa estimate that thieves and vandals cost them a total of 7 billion ($459 million) a year. The knock-on losses to the economy amounted to about R187-billion annually,…
- Discuss bribery. Would actions such as politicians adding earmarks in legislation or pharmaceutical salespersons giving away drugs to physicians constitute bribery Identify three business activities that would constitute bribery and three actions that would not.Corporate Social Responsibility has been defined as a “firm’s intelligent and objective concern for the welfare of society; such concern should entail a firm contributing to human betterment, by using its profit to address issues of concern to society and/or a firm to restraining from behaviour and activities that are harmful to society, no matter how immediately profitable such behaviour or activities might be”. Required: Describe the relationship between strategy and corporate social responsibility Explain how a firm’s cooperation in matters of taxes, bribery and corruption may constitute corporate social responsibilityIn 2018, Carlos Ghosn, the chairperson of Nissan Motor Co., Ltd. (Nissan), was arrested for alleged misconduct and criminal offences related to underreporting remuneration and misrepresenting annual disclosures. Detailed investigations revealed similar misrepresentations by the company’s chief executive officer (CEO) Hiroto Saikawa, who was forced to resign. The actions of senior officials left a deep stain on Nissan’s reputation, causing investors to question the effect of corporate governance at Nissan—and by extension, at similar companies across Japan and the world. As details of the scandal unfolded, Nissan suffered negative public repercussions. Its share-based incentive systems, excessive focus on profitability, and cost-cutting measures had caused deviations from normal risk management procedures, resulting in the production of poor-quality vehicles and thus vehicle recalls. Consumer trust in the company dropped, as did sales and profitability figures, with a continuous fall in…
- In 2018, Carlos Ghosn, the chairperson of Nissan Motor Co., Ltd. (Nissan), was arrested for alleged misconduct and criminal offences related to underreporting remuneration and misrepresenting annual disclosures. Detailed investigations revealed similar misrepresentations by the company’s chief executive officer (CEO) Hiroto Saikawa, who was forced to resign. The actions of senior officials left a deep stain on Nissan’s reputation, causing investors to question the effect of corporate governance at Nissan—and by extension, at similar companies across Japan and the world. As details of the scandal unfolded, Nissan suffered negative public repercussions. Its share-based incentive systems, excessive focus on profitability, and cost-cutting measures had caused deviations from normal risk management procedures, resulting in the production of poor-quality vehicles and thus vehicle recalls. Consumer trust in the company dropped, as did sales and profitability figures, with a continuous fall in…Diplomacy by Expulsion - in May 1996, the British government on a receiving end on a Diplomatic action- Case in Point: Russia government required the removal of four (4) British diplomats in the Moscow embassy who had allegedly been involved in espionage in a tit- for- tat response, what happened?What was excluded from the Convention on Combating Bribery of Foreign Public Officials in International Business? Answer neatly with proper explanation of it