Answer:
No, Elevators, Inc. has not broken the law because payment was made in United States currency.
Explanation:
It operates a substantial business abroad for high-end luxury hotels. It authorized a project manager to "charge" a government official a charge of 500 for speeding up the building permit process. so
- Under the law, it is illegal to bribe foreign officials to get business. But there is an exception to "facilitation payments", also known as grease payments made to speed up general government functions.
- Flexible payments can be used to persuade government officials to perform work that is already being done. Although many have argued that such payments are important for their operations in some areas, such as Asia and Africa, the difference between facility payment and bribery remains unclear.
In a business world, segregation of duties is important to have a sound internal control. The employee handing cash/check collection is prohibited from updating its customer's subsidiary ledger and recording of transactions in the books. This will eliminate fraud and misappropriation of funds.
Answer:
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<span>Which of the following terms is also known as the bottom line? Net </span>profit is known as the bottom line in many instances. Net profit is the the final sales dollars remaining after all expenses, interest, taxes, and dividends are subtracted from a company's total revenue.
Answer:
B. The country is in economic decline.
Explanation:
The economic growth rate is determined by the percentage change in real GDP per capita at the end of a period. Real GDP refers to the total value of all products and services produced in an economy after adjusting for inflation. Reals GDP helps compares economic growth in different seasons to identify the direction of economic growth.
If the population is growing, but the real GDP is constant, it means that real GDP per capita is decreasing. Real GDP is capital is calculated by dividing real GDP by the population. Therefore, real GDP per capita is the measure that determines actual economic growth in a country. An increase in real GDP signifies that people's standard of living is increasing. Real GDP per capita is the GDP per individual in a country. For there be economic growth, real GDP growth must match or be greater than the population growth.
