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DIA [1.3K]
3 years ago
9

Spiffy Sandals (Scenario) Spiffy Sandals is a Canadian footwear firm. Spiffy is planning to enter into a contract with an intern

ational producer to lower costs of production. On paper the figures look very good. However, Spiffy management has learned that the producer's factories are sweatshop conditions. Benito is the key Spiffy executive involved in the contract. He adheres to the relativist view regarding ethical standards and in meetings often says "When in Rome, do as the Romans do." Which of the following do you think Benito agrees with most strongly?
a. Freedom should not partner with foreign business entities.
b. Freedom should passively accept the practices that prevail in countries where it does business.
c. Freedom should not hire foreign managers.
d. Freedom should institute a single global code of conduct for all its employees and suppliers.
Business
1 answer:
SIZIF [17.4K]3 years ago
4 0

Answer:

Option B. Freedom should passively accept the practices that prevail in countries where it does business.

Explanation:

The Spiffy Executive knows that the a norm or ritual or common practice can be ethical in one country whereas not acceptable in the other one. So when he says that "when in Rome, do as the Romans do", so he literally means that we are going to accept the cultural diffences and get maximum out of it. This means he is not concerned about the sweatshop conditions as it is acceptable in that country.

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You bought some shares of stock and, over the next year, the price per share increased by 5 percent, as did the
FinnZ [79.3K]

Answer:

<u>d. a nominal gain, but no real gain, and you paid taxes on the nominal gain. </u>

Explanation:

<u>Nominal gain:</u> In business, the term "nominal gain" is described as the increase or hike in the price or cost of an asset as per the "federal tax code" and is also denoted as "nominal amount" and is considered as non-adjustable for inflation. However, when a specific product or asset or stock is being sold more than its "actual price" or above its "purchase price" then a gain or profit is noted and hence is taxed.

<u>In the question above, the correct answer is option D.</u>

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3 0
3 years ago
You just received a gift from a friend consisting of 1,000 Thai baht, which you would like to exchange for Australian dollars (A
yanalaym [24]

Answer:

AUD 39.93 is expected to be received for your baht.

Explanation:

To calcuate the cross currency exchange rate between Thai Baht and AUD, inverse the USD per Thai Baht quote, this will give you (1/0.023 = 43.478). Now, multiply this by USD per AUD ( TBHT by USD multiplied by USD by AUD, thus USD will cancel out and leave you with TBHT by AUD). The Final ER will stand at TBHT 25.0434 per AUD. Divide the sum of TBHT 1000 by 25.0434 and you will recieve AUD 39.93

3 0
3 years ago
Which pillar focuses on the ability to use IT and computing resources efficiently to meet system requirements, and to maintain t
olga_2 [115]

Answer: Performance Efficiency pillar

Explanation:

The performance efficiency pillar simply focuses on the efficient utilization of information technology and computing resources.

Some key topics that are involved in the performance efficiency pillar include choosing resource types, monitoring performance, and also maintaining efficiency as the business develops.

7 0
3 years ago
A firm has a _____ when its goods are made more valuable in the presence of those of another firm
blagie [28]

Answer:

The correct word for the blank space is: complement.

Explanation:

A good or service that is used in conjunction with another good or service is a complement. Companies and economists study complementary goods to understand consumer decisions and buying patterns. Complementary goods have little to no value when they are consumed alone but when combined with another good or service both benefit through added value.

7 0
3 years ago
January February March Sales $352,000 $379,000 $443,520 Purchases on Trade Credit $218,000 $240,000 $260,000 Cash Expenses $88,0
Salsk061 [2.6K]

Thus, the net cash inflow for the month of March is $2,108.

Data and Calculations:

                                                      January       February           March

Sales                                           $352,000      $379,000       $443,520

Cash collections:

40% month of sales                      140,800         151,600           177,408

50% a month after                                              176,000          189,500

10% two months after                                                                  35,200

Total collections                                                                      $402,108

Credit Purchases                        $218,000     $240,000       $260,000

Cash payment for purchases                          $218,000       $240,000

Cash Expenses                            $88,000        $91,000         $94,000

Taxes, interest, and dividends    $18,000       $20,000          $41,000

Capital Expenditures                  $50,000                   0          $25,000

Total cash disbursements       $156,000     $329,000       $400,000

Net cash inflow for March                                                         $2,108

Thus, the net cash inflow for the month of March is $2,108 ($402,108 - $400,000).

Learn more: brainly.com/question/20484362

8 0
3 years ago
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