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3 years ago

Culture and Ethical Business Practices

Business

1 answer:

Studentka2010 [4]3 years ago

4 0

Answer:

Culture and Ethical Business Practices

1. Discussion topics:

A. Legal requirements, company policies, and conflicting cultural norms.

2. Response to this information:

B. Clarify the situation, and ask specific questions about the overseas company's cultural and ethical practices. Also, ask what your company policies are regarding intercultural ethics.

3. Suggestion that acknowledge different values and respect the need for moral initiative:

D. Embrace transparency.

Explanation:

There are global cultural differences. The country's value system may be difficult to be globally upheld. It is only transparency that will ensure proper navigation of intercultural ethics. By asking questions and soliciting for clarifications, a good balance can be established in order to overcome ethical challenges in the global marketplace.

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Answer:

the prior year's amount

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2 years ago

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3 years ago

Read 2 more answers

Southern Hydraulic Supply is undertaking a review of their inventory policies. A typical product is a small hydraulic fitting. C

zheka24 [161]

Answer:

$418,550

Explanation:

Steps are shown below:

a. The computation of the economic order quantity is shown below:

= $\sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}$

= $\sqrt{\frac{2\times \text{52,000}\times \text{\$50}}{\text{\$1.25}}}$

= 2,040 units

b. The number of orders would be equal to

= Annual demand ÷ economic order quantity

= $52,000 ÷ 2,040 units

= 25.49 orders

c. The average inventory would equal to

= Economic order quantity ÷ 2

= 2040 units ÷ 2

= 1,020 units

d. The total cost of ordering cost and carrying cost equals to

Ordering cost = Number of orders × ordering cost per order

= 25.49 orders × $50

= $1,275

Carrying cost = average inventory × carrying cost per unit

= 1,020 units × $1.25

= $1,275

So, the total annual cost would be

= Purchase cost + ordering cost + carrying cost

= $416,000 + $1,275 + $1,275

= $418,550

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3 years ago

Specialization in international trade- based on Ricardo’s Theory:

m_a_m_a [10]

Answer:

A) Japan specializes in Auto while US specializes in Planes

B) The range of terms of trade:

P = A . if P =A = 2A then the specialization will be beneficial to both countries.

C) The best terms of trade will be

P = ( A + 2A )/ 2 = 3A / 2 = 1.5A

D) The net benefit for each country (after specialization)

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E) some of The limitations of production and export :

i) There are more than two countries in the world hence the assumption are not real

ii) In the table the quality of goods produced is not tabulated/considered as well

iii) The technological expertise of both countries where not considered as well

Explanation:

A) From the information provided below ; Japan specializes in Auto while US specializes in Planes , this is because Japan is more efficient in the production of Autos when compared with Plane production.

B) The range of terms of trade:

lets assume that trade in Japan before specialization was : 12 A = 6 P, hence P = 2A also assume that of US to be ; P = A . if P =A = 2A then the specialization will be beneficial to both countries.

C) The best terms of trade will be

P = ( A + 2A )/ 2 = 3A / 2 = 1.5A

D) The net benefit for each country (after specialization)

Japan : 20A-(7.5A+10A) = 2.5A

U.S : 40P- (13.33P + 20P) = 6.67P

E) some of The limitations of production and export :

i) There are more than two countries in the world hence the assumption are not real

ii) In the table the quality of goods produced is not tabulated/considered as well

iii) The technological expertise of both countries where not considered as well

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3 years ago