The executives of a clothing manufacturer want to outsource some of their manufacturing to more cost-efficient locations in Indonesia. After visiting several possible sites, they one and begin to negotiate with local officials. They discover that it will take about six months to get the necessary permits. One of the local politicians approaches the executives over dinner and hints that he can speed up the process for an advisory fee of $5,000. Using a web search tool. locate articles about this and then write responses to the questions. Be sure to support your arguments and cite your sources. Ethical Dilemma: Is paying the advisory fee a bribe or an acceptable cost of doing business in that area of the world? What should the executives do before agreeing to pay the fee? Sources: Eric Markowitz, "The Truth about Bribery and Doing Foreign Business: Inc., https.//www.inc.com, accessed March 19.2018: Roberto A Ferdman. "How the World's Biggest Companies Bribe Foreign Governments," The Washington Post https://www.washingtonpost.com. accessed March 19, 2018; David Rising, "The 10 Countries Most Likely to Use Bribery in Business, Huffington Post, https://www.huffngtonpost.com, accessed March 19, 2018.

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Answer 1

Textbook Question

Chapter 3, Problem 1EA

The executives of a clothing manufacturer want to outsource some of their manufacturing to more cost-efficient locations in Indonesia. After visiting several possible sites, they one and begin to negotiate with local officials. They discover that it will take about six months to get the necessary permits. One of the local politicians approaches the executives over dinner and hints that he can speed up the process for an advisory fee of $5,000.

Using a web search tool. locate articles about this and then write responses to the questions. Be sure to support your arguments and cite your sources.

Ethical Dilemma: Is paying the advisory fee a bribe or an acceptable cost of doing business in that area of the world? What should the executives do before agreeing to pay the fee?

Sources: Eric Markowitz, "The Truth about Bribery and Doing Foreign Business: Inc., https.//www.inc.com, accessed March 19.2018: Roberto A Ferdman. "How the World's Biggest Companies Bribe Foreign Governments," The Washington Post https://www.washingtonpost.com. accessed March 19, 2018; David Rising, "The 10 Countries Most Likely to Use Bribery in Business, Huffington Post, https://www.huffngtonpost.com, accessed March 19, 2018.

Expert Solution & Answer

Summary Introduction

To explain:

Whetherpaying the bribe as anadvisory fee to run business in any part of the world is legal or not.

Introduction:

According to a president of an import/export company, bribery is a common practice to operate a business in a lot of places. Bribery is very common in underdeveloped countries. Basic jobs do not play well, its attractive for officials to add extra money in their income.

Explanation of Solution

From the USA point of view, bribery presents a two-edged sword. Foreign corrupt practices Act of the USA prevent payments made to the government officials with the aim of gaining and maintaining business.

To operate a successful business in a foreign country, the company must follow many legal procedures of that country.From the given case, it has been observed that offering bribe to run a business in a foreign country totally depends on the country's political environment.

If any company wants to operate its business ina foreign country, that company must takepermission from different departments, including, environment, land, etc., If the government restricting that company, this means there is some problem from the company's end. It might happen that the working procedures of that company might differ from the country's rules and regulation.

If any government official creates problem to permit the company to run its business and ask for the bribe even after checking all the documentsin this condition,the company cangive bribe to the officers or politicians. Asking for a bribe or offering bribe is illegal. Hence, the company can go to ahigher authority, if anyone demandsa bribe.

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The executives of a clothing manufacturer want to outsource some of their manufacturing to more cost-efficient locations in Indonesia. After visiting several possible sites, they choose one and begin to negotiate with local officials. They discover that it will take about six months to get the necessary permits. One of the local politicians approaches the executives over dinner and hints that he can speed up the process for an advisory fee of $5,000. Using a web search tool, locate articles about this topic, and then write responses to the following questions. Be sure to support your arguments and cite your sources. Ethical Dilemma: Is paying the advisory fee a bribe or an acceptable cost of doing business in that area of the world? What should the executives do before agreeing to pay the fee?

For this assignment, students are asked to simulate their own multinational corporation (MNC).Students are required to justify the form of their own MNC, based in the Caribbean, which tradeswith three countries outside of the Caribbean region. Students will then examine issues related toforeign exchange management within their multinational corporation.This group assignment should address the following:1. The form of MNC that the business takes, whether franchising, licensing, the exportationof a product sold through a distributor, etc. The rationale behind using this form of MNCshould also be given.2. The main foreign currencies that will be used in the business.3. The foreign exchange exposure of the company and how the company plans to managethis exposure.4. Any current financial issues that affect the operating environment of the MNC and howthese issues affect the company’s foreign currency exposure.

MNCs employ expatriate executives who work in dangerous countries. At times they are approached by host country criminal groups which ask for bribes. If they are not prepared to pay bribes to these criminal groups these executives may be in mortal danger. MNCs presently ensure the safety of ex patriot executives while living in the host country. However, there is a trend in the human resource profession for MNCs to also protect executives once they return to their home country and are no longer employed by the MNC. Another view is that expatriate executives are presently well compensated and receive already too many benefits. Discuss these two views and describe which one you think is the most fair.

Answer 2

Textbook Question

Chapter 3, Problem 1EA

The executives of a clothing manufacturer want to outsource some of their manufacturing to more cost-efficient locations in Indonesia. After visiting several possible sites, they one and begin to negotiate with local officials. They discover that it will take about six months to get the necessary permits. One of the local politicians approaches the executives over dinner and hints that he can speed up the process for an advisory fee of $5,000.

Using a web search tool. locate articles about this and then write responses to the questions. Be sure to support your arguments and cite your sources.

Ethical Dilemma: Is paying the advisory fee a bribe or an acceptable cost of doing business in that area of the world? What should the executives do before agreeing to pay the fee?

Sources: Eric Markowitz, "The Truth about Bribery and Doing Foreign Business: Inc., https.//www.inc.com, accessed March 19.2018: Roberto A Ferdman. "How the World's Biggest Companies Bribe Foreign Governments," The Washington Post https://www.washingtonpost.com. accessed March 19, 2018; David Rising, "The 10 Countries Most Likely to Use Bribery in Business, Huffington Post, https://www.huffngtonpost.com, accessed March 19, 2018.

Expert Solution & Answer

Summary Introduction

To explain:

Whetherpaying the bribe as anadvisory fee to run business in any part of the world is legal or not.

Introduction:

According to a president of an import/export company, bribery is a common practice to operate a business in a lot of places. Bribery is very common in underdeveloped countries. Basic jobs do not play well, its attractive for officials to add extra money in their income.

Explanation of Solution

From the USA point of view, bribery presents a two-edged sword. Foreign corrupt practices Act of the USA prevent payments made to the government officials with the aim of gaining and maintaining business.

To operate a successful business in a foreign country, the company must follow many legal procedures of that country.From the given case, it has been observed that offering bribe to run a business in a foreign country totally depends on the country's political environment.

If any company wants to operate its business ina foreign country, that company must takepermission from different departments, including, environment, land, etc., If the government restricting that company, this means there is some problem from the company's end. It might happen that the working procedures of that company might differ from the country's rules and regulation.

If any government official creates problem to permit the company to run its business and ask for the bribe even after checking all the documentsin this condition,the company cangive bribe to the officers or politicians. Asking for a bribe or offering bribe is illegal. Hence, the company can go to ahigher authority, if anyone demandsa bribe.

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Answer 3

Textbook Question

Chapter 3, Problem 1EA

The executives of a clothing manufacturer want to outsource some of their manufacturing to more cost-efficient locations in Indonesia. After visiting several possible sites, they one and begin to negotiate with local officials. They discover that it will take about six months to get the necessary permits. One of the local politicians approaches the executives over dinner and hints that he can speed up the process for an advisory fee of $5,000.

Using a web search tool. locate articles about this and then write responses to the questions. Be sure to support your arguments and cite your sources.

Ethical Dilemma: Is paying the advisory fee a bribe or an acceptable cost of doing business in that area of the world? What should the executives do before agreeing to pay the fee?

Sources: Eric Markowitz, "The Truth about Bribery and Doing Foreign Business: Inc., https.//www.inc.com, accessed March 19.2018: Roberto A Ferdman. "How the World's Biggest Companies Bribe Foreign Governments," The Washington Post https://www.washingtonpost.com. accessed March 19, 2018; David Rising, "The 10 Countries Most Likely to Use Bribery in Business, Huffington Post, https://www.huffngtonpost.com, accessed March 19, 2018.

Expert Solution & Answer

Summary Introduction

To explain:

Whetherpaying the bribe as anadvisory fee to run business in any part of the world is legal or not.

Introduction:

According to a president of an import/export company, bribery is a common practice to operate a business in a lot of places. Bribery is very common in underdeveloped countries. Basic jobs do not play well, its attractive for officials to add extra money in their income.

Explanation of Solution

From the USA point of view, bribery presents a two-edged sword. Foreign corrupt practices Act of the USA prevent payments made to the government officials with the aim of gaining and maintaining business.

To operate a successful business in a foreign country, the company must follow many legal procedures of that country.From the given case, it has been observed that offering bribe to run a business in a foreign country totally depends on the country's political environment.

If any company wants to operate its business ina foreign country, that company must takepermission from different departments, including, environment, land, etc., If the government restricting that company, this means there is some problem from the company's end. It might happen that the working procedures of that company might differ from the country's rules and regulation.

If any government official creates problem to permit the company to run its business and ask for the bribe even after checking all the documentsin this condition,the company cangive bribe to the officers or politicians. Asking for a bribe or offering bribe is illegal. Hence, the company can go to ahigher authority, if anyone demandsa bribe.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Textbook Question

Chapter 3, Problem 1EA

The executives of a clothing manufacturer want to outsource some of their manufacturing to more cost-efficient locations in Indonesia. After visiting several possible sites, they one and begin to negotiate with local officials. They discover that it will take about six months to get the necessary permits. One of the local politicians approaches the executives over dinner and hints that he can speed up the process for an advisory fee of $5,000.

Using a web search tool. locate articles about this and then write responses to the questions. Be sure to support your arguments and cite your sources.

Ethical Dilemma: Is paying the advisory fee a bribe or an acceptable cost of doing business in that area of the world? What should the executives do before agreeing to pay the fee?

Sources: Eric Markowitz, "The Truth about Bribery and Doing Foreign Business: Inc., https.//www.inc.com, accessed March 19.2018: Roberto A Ferdman. "How the World's Biggest Companies Bribe Foreign Governments," The Washington Post https://www.washingtonpost.com. accessed March 19, 2018; David Rising, "The 10 Countries Most Likely to Use Bribery in Business, Huffington Post, https://www.huffngtonpost.com, accessed March 19, 2018.

Expert Solution & Answer

Summary Introduction

To explain:

Whetherpaying the bribe as anadvisory fee to run business in any part of the world is legal or not.

Introduction:

According to a president of an import/export company, bribery is a common practice to operate a business in a lot of places. Bribery is very common in underdeveloped countries. Basic jobs do not play well, its attractive for officials to add extra money in their income.

Explanation of Solution

From the USA point of view, bribery presents a two-edged sword. Foreign corrupt practices Act of the USA prevent payments made to the government officials with the aim of gaining and maintaining business.

To operate a successful business in a foreign country, the company must follow many legal procedures of that country.From the given case, it has been observed that offering bribe to run a business in a foreign country totally depends on the country's political environment.

If any company wants to operate its business ina foreign country, that company must takepermission from different departments, including, environment, land, etc., If the government restricting that company, this means there is some problem from the company's end. It might happen that the working procedures of that company might differ from the country's rules and regulation.

If any government official creates problem to permit the company to run its business and ask for the bribe even after checking all the documentsin this condition,the company cangive bribe to the officers or politicians. Asking for a bribe or offering bribe is illegal. Hence, the company can go to ahigher authority, if anyone demandsa bribe.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Textbook Question

Answer 6

Textbook Question

Answer 7

Expert Solution & Answer

Summary Introduction

To explain:

Whetherpaying the bribe as anadvisory fee to run business in any part of the world is legal or not.

Introduction:

According to a president of an import/export company, bribery is a common practice to operate a business in a lot of places. Bribery is very common in underdeveloped countries. Basic jobs do not play well, its attractive for officials to add extra money in their income.

Explanation of Solution

From the USA point of view, bribery presents a two-edged sword. Foreign corrupt practices Act of the USA prevent payments made to the government officials with the aim of gaining and maintaining business.

To operate a successful business in a foreign country, the company must follow many legal procedures of that country.From the given case, it has been observed that offering bribe to run a business in a foreign country totally depends on the country's political environment.

If any company wants to operate its business ina foreign country, that company must takepermission from different departments, including, environment, land, etc., If the government restricting that company, this means there is some problem from the company's end. It might happen that the working procedures of that company might differ from the country's rules and regulation.

If any government official creates problem to permit the company to run its business and ask for the bribe even after checking all the documentsin this condition,the company cangive bribe to the officers or politicians. Asking for a bribe or offering bribe is illegal. Hence, the company can go to ahigher authority, if anyone demandsa bribe.

Answer 8

Expert Solution & Answer

Summary Introduction

To explain:

Whetherpaying the bribe as anadvisory fee to run business in any part of the world is legal or not.

Introduction:

According to a president of an import/export company, bribery is a common practice to operate a business in a lot of places. Bribery is very common in underdeveloped countries. Basic jobs do not play well, its attractive for officials to add extra money in their income.

Explanation of Solution

From the USA point of view, bribery presents a two-edged sword. Foreign corrupt practices Act of the USA prevent payments made to the government officials with the aim of gaining and maintaining business.

To operate a successful business in a foreign country, the company must follow many legal procedures of that country.From the given case, it has been observed that offering bribe to run a business in a foreign country totally depends on the country's political environment.

If any company wants to operate its business ina foreign country, that company must takepermission from different departments, including, environment, land, etc., If the government restricting that company, this means there is some problem from the company's end. It might happen that the working procedures of that company might differ from the country's rules and regulation.

If any government official creates problem to permit the company to run its business and ask for the bribe even after checking all the documentsin this condition,the company cangive bribe to the officers or politicians. Asking for a bribe or offering bribe is illegal. Hence, the company can go to ahigher authority, if anyone demandsa bribe.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Summary Introduction

To explain:

Whetherpaying the bribe as anadvisory fee to run business in any part of the world is legal or not.

Introduction:

According to a president of an import/export company, bribery is a common practice to operate a business in a lot of places. Bribery is very common in underdeveloped countries. Basic jobs do not play well, its attractive for officials to add extra money in their income.

Answer 12

Explanation of Solution

From the USA point of view, bribery presents a two-edged sword. Foreign corrupt practices Act of the USA prevent payments made to the government officials with the aim of gaining and maintaining business.

To operate a successful business in a foreign country, the company must follow many legal procedures of that country.From the given case, it has been observed that offering bribe to run a business in a foreign country totally depends on the country's political environment.

If any company wants to operate its business ina foreign country, that company must takepermission from different departments, including, environment, land, etc., If the government restricting that company, this means there is some problem from the company's end. It might happen that the working procedures of that company might differ from the country's rules and regulation.

If any government official creates problem to permit the company to run its business and ask for the bribe even after checking all the documentsin this condition,the company cangive bribe to the officers or politicians. Asking for a bribe or offering bribe is illegal. Hence, the company can go to ahigher authority, if anyone demandsa bribe.

Answer 13

Ch. 3.1 - What is global vision, and why is it important?Ch. 3.1 - What impact does international trade have on the...Ch. 3.1 - Explain the impact of a currency devaluation.Ch. 3.2 - Describe the policy of free trade and its...Ch. 3.2 - Why do people fear globalization?Ch. 3.2 - What are the benefits of globalization?Ch. 3.3 - Discuss the concept of natural trade barriers.Ch. 3.3 - Describe several tariff and nontariff barriers to...Ch. 3.4 - Describe the purpose and role of the WTO.Ch. 3.4 - What are the roles of the World Bank and the IMF...

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