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1 year ago

To what degree a country's legal system is based on the rule of law matters little in international business.

Business

1 answer:

marissa [1.9K]1 year ago

3 0

Rule of law is very important in case of country’s legal system

This means that no one can be regarded to be above the law in a society where the rule of law exists. In a parliamentary democracy, the rule of law places a duty on all citizens to uphold the law, and in order to do so, the legislation must be just and not arbitrary. The goal of the rule of law, like other constitutional concepts, is to advance peoples' freedom and basic rights.

People and corporations must abide by the regulations set forth by the rule of law in order to avoid penalties. The rule of law establishes norms for businesses so that they, too, know what is required of them in their transactions and enables people to comprehend what is expected of them in their personal capacities.

Learn more about rule of law at

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Winston churchill's stamp collection was valued at $14 million when he died. at auction, it brought in only $4 million. what was

katrin2010 [14]

$4 million.

An item is worth what the market is willing to pay for it, which is sometimes different than the estimated value.

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3 years ago

The use of a differentiation strategy would be expected to be LEAST effective in which of the following markets? a. Commodity go

Tema [17]

Answer:

The correct answer is letter "A": Commodity goods.

Explanation:

A differentiation strategy is an approach adopted by companies to make the goods or services they offered unique compared to their competitors. Most firms tend to use price as the main key to the difference between their products and the competitors'.

Thus, the differentiation strategy is less likely to be applied in commodity goods because they are inherently unique such as oil, natural gas, precious metals or foreign currencies.

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3 years ago

Weiland Co. shows the following information on its 2019 income statement: sales = $162,500; costs = $80,000; other expenses = $3

MrMuchimi

Answer:

a. 2019 Operating cash flow

Welland Co. Operating Cash Flow for 2019

Particular Amount $

Sales 162500

Cost of goods sold 80000

Other Expenses 3300

Depreciation 9000 92,300

EBIT 70200

Less: Taxes 22295

Add :Depreciation 9000

Operating Cash Flow $56905

b. Cash flow to creditors

Interest paid 6500

Add: Loan raised 7700

Cash flow to creditors 14200

c. Cash flow to Stockholders

Dividends Paid 8150

Less: Net Equity Raised 4500

Cash flow to Stockholders $3650

d. Change in Net working Capital = Change in Current Assets - Change in Liabilities

Figures for Current Asset was not given, rather the Net Fixed asset is given $21,100 which is not a current asset.

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3 years ago

When a company uses the allowance method to measure bad debts, ________.

Phoenix [80]

When a company uses the allowance method to measure bad debts, the amount of bad debts expense is estimated at the end of the accounting period.

The allowance method is used when adjusting accounts receivable on the balance sheet. This refers to amounts that have not been collected yet, such as bad debt.

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3 years ago

A national restaurant chain encourages its customers to use its website as a means of providing comments about their experiences

lara31 [8.8K]

Answer:

The correct answer is (D)

Explanation:

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3 years ago