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marta [7]
3 years ago
13

After earning a graduate degree in Engineering Management, Mazin began working for PDO International. This is a company based in

the Oman, which offers engineering, design, and construction services to countries all over the world.Mazin’s work is focused on international development; his first assignment is to lead a team to develop a bid for a highway construction project in East Africa. After the engineering proposal is submitted, Mazin is proud of the work his team has accomplished and promises his manager he will do everything possible to make sure that PDO receives the contract.PDO’s bid is well-received, and Mazin and his team are flown to East Africa to finish negotiations. Mazin is thrilled when his company receives the bid; the only stipulation is that they build their construction headquarters in a specific region in the country. Mazin then begins scouting the region for a location to build their headquarters.In order to obtain building permits in the region, Mazin has to negotiate with the local government. As he begins negotiations, he realizes that bribery is both a common and expected practice. If he does not bribe the local officials, he will not be able to build PDO’s headquarters in that region and consequently will lose the contract; his first managerial project will be a failure. However, it is illegal for an Omani citizen to bribe a foreign official in order to obtain business; if he is caught for bribery, he could face jail time and his company could be fined millions of dollars.1. What should he do?
Business
1 answer:
Vitek1552 [10]3 years ago
3 0

Answer:

A case of ethical conduct

Explanation:

Mazin is caught in an ethical dilemma here, however compromising and yielding to offer bribes to local officials could put him in jail and soil his reputation and that of his organization forever. Therefore bribing is not an option here. A first option could be to check or negotiate with a higher authority such as the state government or the federal government that awarded the contract. Mazin could apply his skills to get a higher government authority to act in the favor of the company and supersede all resistance in the local authority. He could also seek the help of his manager in this instance as this would be profound feedback on what could be delaying the final contract agreement.

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Answer:

The  good time to start your business is when When the economy is strong

<u>Explanation:</u>

Beginning a business is like starting a relationship; the appropriate time to establish a business is the point at which you have the opportunity to give your consideration about the business. The best time for beginning a company should not be affected by one’s age.

Individuals of all ages can start a business, and you might be astounded to realize that most entrepreneurs in the US are more seasoned; 51% of proprietors of independent companies have many years of operations and still successful.

6 0
3 years ago
Should all bank trasactions be recorded
NARA [144]

Answer:yes

Explanation:

Yes indeed.

5 0
2 years ago
Mint Co.'s cash balance in its balance sheet is $1,300,000, of which $300,000 is identified as a compensating balance. Additiona
Natasha2012 [34]

Answer:

Correct option is B Yes and Yes

Yes - Compensating shall be reported, And Restricted shall also be reported.

Explanation:

Compensating balance is the minimum balance to be maintained in the company's bank account as this is used by bank for offsetting loan, and used by company to set up the loan amount.

Restricted balance is a choice made by the company to not use the funds and use it later for company's growth or future projected, but still since it cannot be used it shall also be reported accordingly.

Therefore the company has the need to report such restricted balance also and compensating balance has to be reported as well.

Therefore correct option is B

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7 0
3 years ago
g, Using your textbook and considering your discussion of the corporate culture of your subject company, describe 3-4 types of c
Umnica [9.8K]

Answer:

Nestle - Irresponsible marketing of baby milk

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Explanation:

There are various ethical issues which businesses face today. There are problems of nepotism, harassment, discrimination, abuse of power and misrepresentation of financials. The company bad corporate culture also contributes towards unethical issues. There are various companies which maintains a brand image around the globe but are involved in unethical practices in someway. These companies are only concerned towards their uncountable profits and does not care about any ethical issue.

5 0
3 years ago
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Yuri [45]

Answer:

2.5 years

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payback period = $5,000 / $2,000 = 2.5

3 0
3 years ago
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