1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nikdorinn [45]
3 years ago
5

Child labor is permitted and widely employed in Country X. A multinational company entering Country X decides to employ minors i

n its subsidiary, even though it is against the multinational's home-country ethics. Which of the following approaches to business ethics would justify the actions of the multinational company?
a. righteous moralistb. cultural relativismc. the justice theoryd. the rights theory
Business
1 answer:
ivann1987 [24]3 years ago
6 0

Answer:

b. Cultural Relativism

Explanation:

Cultural relativism is the ability to understand a culture on its own terms without making judgments using the standards of one’s own culture. This is based on the idea that there is no superior standard of good or evil, so every judgment about right and wrong is a product of society.

You might be interested in
Colsen Communications is trying to estimate the first-year cash flow (at Year 1) for a proposed project. The financial staff has
Alex_Xolod [135]

Answer:

Colsen Communications

Project's Cash Flow for the first year:

Sales revenues                        $20,000,000

Operating costs

 (excluding depreciation)          14,000,000

Interest expense                         4,000,000

Net cash flow                           $2,000,000

Explanation:

a) Data and Calculations:

Sales revenues $20 million

Operating costs (excluding depreciation) 14 million

Depreciation 4 million

Interest expense 4 million

Income Tax 40%

WACC is 13%

Income Statement for the first year:

Sales revenues                        $20,000,000

Operating costs

 (excluding depreciation)          14,000,000

Depreciation                                4,000,000

Operating income                     $2,000,000

Interest expense                         4,000,000

Income before tax                   ($2,000,000)

Income Tax 40%

Project's Cash Flow for the first year:

Sales revenues                        $20,000,000

Operating costs

 (excluding depreciation)          14,000,000

Interest expense                         4,000,000

Net cash flow                            $2,000,000                  

4 0
3 years ago
The following journal entries were prepared by an employee of International Marketing Company who does not have an adequate know
Helen [10]

Answer:

April 1st

accounts receivable    15,800 debit

           accounts payable         15,800 credit

_____________________________________

telephone expense     1,200 debit

        cash                             1,200 credit

_____________________________________

cash       9,500  debit

  equipment      8,200 credit

  supplies             900 credit

-- to eliminate a wrong post---

supplies        900 debit

equipment 8,200 debit

      cash           9,500 credit

--to record the correct transaction--

___________________________________

Net effect on assets:

AR 15,800

Cash Decrease by 1,000

Explanation:

April 1st: we should use account receivable as we are going to receive cash in the future. We aren't going to pay it.

this will increase assets by 15,800 rather than decrease liabilities.

April 2nd: It should be backwards.

the effect will be a decrease in cash for 1,200 (600 to amend the mistake and 600 to show a disbursement

April 3rd we should decrease cash by 400 as the sum of the purchase is 9,100 not 9,500

As we can't you put a debit on cash we reverse the wrong entry adn do the proper one.

Real effect:

7 0
3 years ago
Read 2 more answers
If you lived under an economic system in which the government controlled all aspects of production, which economic system would
xeze [42]
If you lived under an economic system in which the government controlled all aspects of production, the economic system would government implement is: planned economy.

hope this help
3 0
3 years ago
We do not owe you anything at December 31, 2018, as the goods, represented by your invoice dated December 30, 2018, number 25050
dangina [55]
I don’t understand this please explain it differently please
5 0
1 year ago
Russ Wyant owned Humble Ranch in Perkins County, South Dakota. Edward Humble, whose parents had previously owned the ranch, was
Leona [35]

Answer:

Cosnider the following text.

Explanation:

In accordance with the United Stated Contract Law, peformance must form an integral part of the contract and any of it's clauses, along with consideration for the same.

As seen in the case above, specific provisions in the contract provide for the possibility of the seller becoming the buyer's lender by matching the terms of the proposed financing. However, it must be understood that a decision taken about the same by either one party is not binding on the other, and comes into effect only if it is mutually agreed upon under the same terms.

In the case above, Russ' uncle, Edward has exercised his two year option to buy the land from Russ, which if exercised, gave the parties 30 days to conclude the sale. However, as seen in the question, Russ's uncle, Edward was unresponsive to Russ' proposed purchase plan, indicating that he was aware of the terms of the contract and Russ' proposal, yet chose not to act on it. However, owing to the time clause in the contract, failure to respond an come to an agreement by either of the parties within the specified time, would render it void. Furthermore, Edward did not advise Russ on the financing terms pertaining to the contract before it's expiry, indicating that he had no interest in performing the contract.

Therefore, it should be understoof that Edward is not entitled to specific performance as a remedy in this case, as it is his fault and not Russ' fault for the non-performance of his part of the contract. He does not have any remedy at all, unless he is able to prove beyond reasonable doubt that Russ had not made efforts to communicate with him. Russ on the other hand, can sue Edward according to the terms of the contract and seek damages accordingly.

6 0
3 years ago
Other questions:
  • What does it mean for a company to have a competitive advantage
    15·1 answer
  • Although it is a small company, Zorn Enterprises owns a large number of inexpensive rental housing units in Texas and Louisiana.
    12·1 answer
  • What is the best definition of profit?
    11·1 answer
  • You decide to start your own business as a professional corporation. You purchase an office building for $35,000 from your mothe
    9·1 answer
  • g To say that people respond to incentives is to say that Question 6 options: changes in costs (but not changes in benefits) inf
    7·1 answer
  • Argue or deliver bad news without the pain of seeing the client’s face​
    13·1 answer
  • After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $673,252 and Allo
    5·1 answer
  • One unit requires 2 direct labor hours to produce. Standard variable overhead per unit is $1.25 and standard fixed overhead per
    13·1 answer
  • Carmen Co. can further process Product J to produce Product D. Product J is currently selling for $23.80 per pound and costs $15
    13·1 answer
  • For the following year, show how the following amounts should be reported on the financial statements:
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!