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 spending
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Government takes Huawei South Africa to court over employment equity violations
The Department of Employment and Labour has filed court papers against Huawei Technologies South Africa
due to non-compliance with employment equity policies.
Huawei Technologies South Africa was audited in 2020 and found to be non-compliant in that they employ
approximately 90% foreign nationals, which violates the Employment Equity Policy (EAP), the department said in
a 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 spending
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Solved in 2 steps
- 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 practicesIntel made large loyalty payments to HP in exchange for HP buying most of their chips from Intel instead of rival AMD. AMD sued Intel under the antitrust laws, and Intel settled the case by paying $1.25 billion to AMD What incentive conflict was being controlled by these loyalty payments? What advice did Intel ignore when they adopted this practice (consider how the Robinson-Patman Act applies to their practice) and speculate why Intel ignored the advice.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,…
- 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,…(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…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 responsibility
- 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…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…INCOME TAXATION - PHILIPPINES The City of Manila, claiming that it can impose taxes under the Local Government Code, imposed a tax on banks (in addition to the percentage tax on banks imposed in the National Internal Revenue Code) The banks within the City of Manila objected for the various reasons given below. Which would justify the objection of the banks?
- 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…WikiLeaks published more than 250,000 secret U.S. diplomatic cables in September 2011, which included requests made by diplomats to gather intelligence information for espionage. This was the third major leak of military secrets of 2010, and the United States government tried to prosecute WikiLeaks and prevent future leaks. However, the First Amendment guarantees citizens freedom of the press and very few restrictions have been permitted by the Supreme Court. The Congressional Research Service concluded that no publisher of leaked information has ever been prosecuted for publishing the material, and the only legal action the U.S. government could take was to charge an Army soldier, Bradley Manning, with violating the Espionage Act for purportedly supplying WikiLeaks with the video of the helicopter and other classified documents. After this third leak, several major Internet companies began to shut off services to WikiLeaks, and the organization moved to Amazon servers, but Amazon…Treasury bans Bain and Co. from public sector contracts for a decadeNational Treasury has banned consultancy Bain & Co. from tendering for public sector contracts fora period of 10 years for engaging in "corrupt and fraudulent practices" related to its contract at theSA Revenue Service (SARS).The ban will run from 5 September 2022 until 4 September 2032."This restriction has been published on the National Treasury website and database for restrictedsuppliers. The restriction will apply to any other contract for services awarded to Bain & Co in thepublic sector."Treasury said it was, in collaboration with SARS, "in the process of restricting Bain & Co, SouthAfrican Directors through a phased approach".The decision to ban the company comes seven weeks after the UK government banned it fromcompeting for state contracts for three years.Source: Cronje, J. 2022. Treasury bans Bain and Co. from public sector contracts for a decade.Available from:…
