Answer:
a) geographic diversification strategy.
Explanation:
In this scenario, Symphon Times Inc., a Swiss-based premium watch brand, has recently started selling its watches through company-owned retail outlets in major cities of the emerging nations. The type of diversification strategies the firm is pursuing is a geographic diversification strategy.
Geographical diversification strategy can be defined as the process of diversifying your investments across various geographical regions (market) so as to improve profits or returns on investment and primarily to mitigate the overall business risk.
Hence, using the geographic diversification strategy Symphon Times Inc., is spreading its risk across various geographical regions or emerging nations by allocation of its resources in order to prevent them from being vulnerable to external conditions and to improve their performance and competitiveness. Thus, a geographic diversification strategy is simply a business management strategy that entails "not putting all your eggs in a basket" rather you should have them spread across in order to prevent or mitigate the overall risks.
<em>Additionally, in order to preserve wealth and to reduce portfolio risks it is advisable that business owners such as Symphon Times Inc. engage in geographic diversification strategy.</em>
Employees' identification with a particular organization tends to increase affective commitment. Affective commitment describes how an employee feels regarding an organization. When an employee feels positive about a situation they have good positive feelings about it and therefor, tend to be more commited long term.
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.
Answer:
$120
Explanation:
In this question, we simply have to apply the simple interest formula which is shown below:
= Principal amount × rate of interest × time period
= $2,000 × 6% × 1 year
= $120
Simply we multiplied the principal amount with the interest rate and the time period so that the accurate amount can come.
So, $120 interest is paid for the year
Answer with Explanation:
To transform the risk management and promote the transformation process, Akawini must:
- Implement Corporate Governance policies and enforce compliance with these guidelines.
- Consistent Internal Control Reviews by conducting internal audits.
- Compliance with the Sarbanes Oxley Act and Foreign Corrupt Practice Act will enable the risk management team to consider a wider aspect of its operation which includes domestic and foreign export policies enforcement.
- Continuous Professional Development and advanced training will help them to act very efficiently and effectively minimize the level of risk the company is facing.
The progress is the process of movement towards achievement of goals and performance is the better movement towards achievement of goals.
To measurements that can be used to monitor progress and performance would be use of Key Performance Indicators and comparing the results with the actual results of company. This would help in understanding the under-performing areas and hurdles to progress. Some KPIs that the risk management team can consider are Value at risk reduced, risk threshold set, Risk to Rewards Ratio, etc.
Cost and Benefits of risk mitigation analysis will also be beneficial here because it helps the risk management team to consider the financial aspect of the decision making and thus helps in adding value to the business operation.
