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Debora [2.8K]
3 years ago
15

The result of the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions was to:____

___
a. Make it obligatory for companies to adopt a zero-tolerance approach toward grease payments.
b. Make grease payments mandatory in order to obtain exclusive preferential treatment in a host nation.
c. Consider payment of speed money to be moral, but illegal.
d. Make bribery of foreign officials a criminal offense but not consider facilitating payments a criminal offense.
e. Make it mandatory for companies to adhere to the pollution control standards of their home country in all the nations in which they do business.
Business
1 answer:
postnew [5]3 years ago
8 0

Answer: d. Make bribery of foreign officials a criminal offense but not consider facilitating payments a criminal offense.

Explanation:

In December 1997, signatories accounting for around 70% of World Trade adopted the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions which stated that countries must install Legislative laws that would prohibit the bribing of foreign officials as well as strict penalties for parties who engage in such. This was done to ensure that the playing field was level so to speak instead of one company getting special treatment because they paid for it.

One concern however was that the Convention did not consider Facilitating Payments a criminal offence which means that it could be used as a bypass for the bribery of foreign officials to still happen.  

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A potato chip manufacturer purchases a potato farm. Which of the following regarding its strategy is true? The manufacturer has
astra-53 [7]

Question:

A potato chip manufacturer purchases a potato farm. Which of the following regarding its strategy is true?

A. The manufacturer has effectively used vertical integration to increase its bargaining position and reduce transaction costs.

B. The manufacturer has enhanced utilisation by allowing depreciation and other fixed costs to be spread over a larger unit volume.

C. The manufacturer has sacrificed quality by using a lower-cost input.

D. The manufacturer has efficiently capitalised on the experience and learning-curve effects within the company.

E. The manufacturer has effectively reduced its operating costs by outsourcing its activities.

Answer:

A. the Manufacturer has effectively used vertical integration to increase it's bargaining position and reduce transaction costs.

Explanation:

Vertical integration is a business strategy whereby a business acquires ownership or controls its suppliers, distributors, or retail locations to control its value or supply chain.

It may also be said that vertical integration has to do with the purchase of a part of all of the production or sales process that was previously outsourced, to have it done in-house.

An example of companies who have done this are:

1. Apple

2. Netflix

3. Comcast (Which acquired NBC)

Businesses can integrate by

  • purchasing their suppliers to reduce the costs of manufacturing or
  • controlling the distribution process that is, owning and controlling the warehousing and delivery of their products etc.

6 0
3 years ago
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Which loan type requires you to make loan payments while you’re attending school?
suter [353]
A Student Loan is the answer.
4 0
3 years ago
What is your assessment of the strength of competitive pressures stemming from the threat of entry of new competitors into the N
djyliett [7]

Incomplete question. Assumed you are referring to this article;

Six years after turning the leadership of Costco Wholesale over to the then- president, Craig Jelinek, Jim Sinegal, Costco’s co-founder and chief executive officer (CEO) from 1983 until year-end 2011, had ample reason to be pleased with the company’s ongoing revenue growth and competitive standing as one of the world’s biggest and best consumer goods merchandisers. Sinegal had been the driving force behind Costco’s 35-year evolution from a startup entrepreneurial venture into the largest retailer in the United States, the seventh-largest retailer in the world, and the undisputed leader of the discounted warehouse and wholesale club segment of the North America retailing industry. Since January 2012, when Craig Jelinek took reins as Costco Wholesale’s president and CEO, the company had prospered growing from annual revenue of $89 billion and 598 membership warehouse at year-end fiscal 2011 to annual revenues of $126.2 billion and 741 membership warehouse at year-end fiscal 2017. Costco’s growth continued in the first nine months of fiscal 2018. 9-month revenue was $95.0 billion, up 12.0 percent over 9 months of fiscal 2017, and the company had opened four additional warehouses. As of June 2018, Costco ranked as the second-largest retailer in both the United States and the world.

<u>Explanation:</u>

Note, the threat arising from new competitors into a particular market refers to the likelihood that this company or business would overtake existing ones in their market share.

However, <em>recall </em>that we are told that Costco has been in the business for up to 35 years, and has become "the undisputed leader of the discounted warehouse and wholesale club segment of the North America retailing industry," this fact alone makes us and the new competitors weary of how difficult to acquire part of the market. This thus puts Costco at a competitive advantage.

4 0
2 years ago
A machine is available 10 hours a day. Each part takes 90 minutes to fabricate and 10 minutes to setup. 10% of the parts made ar
Kazeer [188]

Answer:

Effectiveness = 0.75

Explanation:

Availability time for a each day = 10 hr = 600 minutes

Total time for fabricating is given as 90 minutes'

Total time to set up one part 10 minutes

Total parts made in each single day 5

Percentage of defective part 10%

Total production time for a single part = setup time  + fabricated time

                                                                 = 10+ 90 = 100 min

Production time for 5 part =5 × 100 = 500 minutes

Total number of defective parts =  10% of 5  =  0.5 parts

Time to replaced defective = 0.5  × 100 = 50 min

Value added time = 500 - 50 = 450 min

Effectiveness  is given as

Effectiveness  = \frac{value\ added\ time}{ total\ time\ taken}

Effectiveness = \frac{450}{600} = 0.75

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A) file its found under file

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