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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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Globalization in the corporate age enables people who do not have health insurance to take advantage of medical tourism, medical
Vesnalui [34]
Globalization​very useful for health insurance to take advantage of medical tourism, medical tourism is traveling
7 0
3 years ago
Point x on a linear production possibilities curve represents a combination of 50 watches and 20 clocks, and point y represents
Veronika [31]

Based on the coordinates of point x and those of point y on the linear production possibilities curve, the opportunity cost of producing one watch is 2 fewer clocks.

<h3>What is the opportunity cost of producing one watch?</h3>

The opportunity cost of producing one watch is the number of clocks that needs to be given up per watch.

This will therefore be the slope of the linear production possibilities curve which can be found as:

= (Y₂ - Y₁) / (X₂ - X₁)

Solving gives:

= (80 - 20) / (20 - 50)

= 60 / -20

= -2 clocks

This means that for every watch produced, there will be 2 clocks that will be foregone to make that watch.

In conclusion, the opportunity cost is 2 clocks.

Find out more on opportunity cost at brainly.com/question/481029.

#SPJ1

4 0
2 years ago
On December 31, 2021, Harris Co. leased a machine from Catt, Inc. for a five-year period. Equal annual payments under the lease
densk [106]

Answer: $5,222,400

Explanation:

Here is the complete question:

On December 31, 2021, Harris Co. leased a machine from Catt, Inc. for a five-year period. Equal annual payments under the lease are $2,100,000 (including $100,000 annual executory costs) and are due on December 31 of each year. The first payment was made on December 31, 2021, and the second payment was made on December 31, 2022. The five lease payments are discounted at 10% over the lease term. The present value of lease payments at the inception of the lease and before the first annual payment was $8,756,727. The lease is appropriately accounted for as a finance lease by Harris. In its December 31, 2022 balance sheet, Harris should report a lease liability of

a. $6,340,000.

b. $6,240,000.

c. $5,706,000.

d. $5,222,400

In its December 31, 2022 balance sheet, Harris should report a lease liability of:

Present value of annual lease payments = $8,756,727

Less: Annual lease payment on December 31, 2021 = $2,100,000

Less: Annual lease payment on December 31, 2022 = $2,100,000

Add: Interest expense on lease liability = $665,673

Lease liability = $5,222,400

Note that the interest expense on lease liability is calculated as:

= (8756727 - 2100000) × 10%

= $6,656,727 × 0.1

= $665,672.7 = $665,673

6 0
2 years ago
muhammad yunus, founder of the grameen bank, was highly successful in his use of applying social incentives through group respon
BaLLatris [955]

Muhammad Yunus, The Grameen bank founder, was highly successful in applying social incentives through group responsibility to maximize loan repayment rates and created an incentive for other banks to offer similar loans to the poor.

Since Professor Muhammad Yunus founded Grameen Bank in 1976, several economists have analyzed the Grameen Bank's success in trying to eradicate poverty in Bangladesh, either theoretically or empirically. He used social incentives through group responsibility to maximize loan repayment rates and created an incentive for other banks to offer similar loans to the poor.

Social incentives refer to a wide variety of interpersonal motivations and rewards that encourage people to act in a socially valued and approved manner. Projecting a positive reputation and social image, obtaining social acceptance, and moving up the social hierarchy are all examples of social incentives.

To learn more about social incentives :brainly.com/question/3579101

#SPJ4

6 0
1 year ago
What is the key factor in rural development ?
PtichkaEL [24]
Letter C is your answer.
4 0
3 years ago
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