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Sholpan [36]
3 years ago
6

The business world is becoming increasingly global due to advances in technology and travel. This means that businesspeople must

know how to navigate intercultural ethics, not just the ethics of their particular country. To better prepare for the ethical challenges of a global marketplace, you should broaden your cultural awareness and familiarize yourself with strategies that help you adhere to legal and ethical guidelines.Read the following passages, and then answer the questions.You have recently been told you are going on a business trip to Thailand. You want to schedule a meeting with your supervisor to discuss how she conducts business in an ethical manner while in Thailand. In order to prepare for the meeting, you make a list of questions you would like to ask.What is an example of a good question to ask in this meeting?What are the company policies when it comes to handling bribery?Is it customary in this country to take off your shoes before entering a home?What are the top three sights I should see?After solidifying an overseas deal with a large bottling company, the executive informs you that in order to expedite the signing of the materials, he will need an extra $10,000.How should you react to his request?Immediately judge the man as immoral and corrupt and end the business deal.Inform the executive that this extra $10,000 wasn’t in the original contract. Avoid assuming unethical behavior until you clarify what he is asking for in relation to the agreed-upon contract.Negotiate his request and offer $5,000.Rather than determining whether a culture has good or bad ethics, it is best to look for practical solutions to the cultural challenges of doing global business.Which of the following suggestions acknowledge different values and respect the need for moral initiative? Check all that apply.Find alternatives.Don’t rationalize shady decisions.Avoid transparency.Refuse business if it violates your basic values.
Business
1 answer:
OLEGan [10]3 years ago
7 0

Since the questions are different, the answers are separated for question 1 and 2

ANSWER:

1) The best question to ask is: "What are the top three sights I should see".

2) Avoid assuming unethical behavior until you clarify what he is asking for in relation to the agreed-upon contract.

Inform the executive that this extra $10,000 wasn't in the original contract.

EXPLANATION:

1) It I very important to know the things expected to happen in the meeting, so that you can prepare ahead for it. Knowing the top three sights will help you prepare ahead for them. This question tends to extract the frequent and most occuring actions the supervisor always encounter during her meetings at Thailand.

2) It is not always right for us to condemn people's actions without the details of such action. Try to understand the details of why the executive wants you to add $10,000 to the cost of the project, so that you won't assume wrongly. And it is always right to specify the $10,000 demanded by the executive as a separate cost from the initial cost of the project, if the money does not directly linked the the initial cost of the project.

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Answer and Explanation:

The computation is shown below:

1. At the time when the partner failed to share the incom and loss so it is assume that the net income i.e. $160,000 should be shared equally so for both it is $80,000 each

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<u>Particulars              Kramer          Knox           Total </u>

Investment             $58,000       $65,000     $123,000

Investment ratio     47.15%         52.85%

$160,000 income share $75,440 $84,560    $160,000

3. Sharing of the income as per the defined rule

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Salary allocated     $56,500       $46,500       $103,000

Interest at 12%        $6,960         $7,800         $14,760

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Total                           $84,580    $75,420       $160,000

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