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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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3 0

2 years ago

Cash Paid for Merchandise Purchases The cost of merchandise sold for Kohl’s Corporation for a recent year was $12,265 million. T

rusak2 [61]

Answer:

Cash payment for merchandise = $12,749

Explanation:

As we know that:

Opening Inventory + Purchases made during the year - Closing Inventory = Inventory sold during the year

We know, the value of opening, closing and sold inventory we this we can compute the value of inventory purchased during the year.

Putting values we have:

$3,814 + Purchases - $4,038 = $12,265

Purchases = $12,265 + $4,038 - $3,814 = $12,489

Also the equation for calculating the payments shall be:

Opening Accounts Payable + Inventory purchased - Closing Accounts Payable = Cash paid during the year for merchandise.

$1,511 + $12,489 - $1,251 = Cash paid

$12,749 = Cash paid

5 0

4 years ago

Mary Smith took a car loan of $32,000 to pay back in 36 monthly installments at an interest rate of 8%. Compute the loan balance

lesya [120]

Answer:

Explanation:

(a)the monthly payment for Mary

Given that the nominal interest rate = 8%

or, Monthly interest rate = 8%/12= 0.667%

Thus the monthly payment at 0.667% int. per month, A1 = $32,000 (A/P, 0.0067%, 36) =

loan ÷ [ (1-(1 / (1+r∧n))) / r ]

32,0000 ÷ [ (1-(1 / (1+0.00667∧60))) / 0.00667 ]

32,000 ÷ 49.3138 = $648.91

(b)the loan balance immediately after the 24th payment

After the 24th payment, 12 more payments will be left before the loan is retired.

648.91 × [ (1-(1 / (1+0.00667∧12))) / 0.00667 ]

= $7459.57

(c)the monthly payment for the remainder of the loan if the interest rate is reduced to 9%

Given that the nominal interest rate is 9%,

or, Monthly interest rate = 9%/12 = 0.75%

Thus the monthly payment at 3/4% int. per month, A2 = $7459.57 (A/P, 0.75%, 12) =

7459.57 ÷ [ (1-(1 / (1+0.0075∧12))) / 0.0075 ]

7459.57 ÷ 11.4349

= $652.35

5 0

3 years ago

__________ involves the analysis of economic, political, legal, technological, and cultural events and trends that may affect th

dangina [55]

PEST analysis involves the analysis of economic , political, legal, technological and cultural events and trends that may affect the future of the organization and its marketing efforts.

Explanation:

PEST analysis is the simple as well as mostly used tool that helps in analyzing economic,technological, political,socio-cultural changes in the business environment. There are various advantages of PEST analysis that is, it helps in proper understanding of the business, it helps in dealing with various threats, It is also a cost effective analysis. This analysis helps in determining the performance of the business during long- term.

8 0

4 years ago