Answer:
a.Foreign Corrupt Practices Act
Explanation:
Foreign Corrupt Practices Act is a legislature that seeks to outlaw bribing of foreign government officials with a view of gaining some advantage for their business.
The act is mostly binding on publicly traded companies and their officials.
There has been much criticism about this act, as some businesses see it as a way to discourage investment in foreign assets.
Avon Products Inc failed to put controls in place to detect and prevent payments and gifts to Chinese government officials from a subsidiary.
This is a violation of Foreign Corrupt Practices Act
Answer: c. An inside director is a board member who also holds a managerial position in the company
Explanation:
Inside Directors are indeed Board members who are employees/ hold managerial positions in the company.
They are in a unique position to help the board in Corporate Governance because as they are on the ground, they have specialized knowledge of the company and as such can provide complete information to the Board.
They typically include a Company's top executives such as the CEO, CFO and the COO.
Answer:
b. a valid contract as long as the court can determine a reasonable price at the time for deliver
Explanation:
Collins and Phillip have valid contract as long as the court can determine a reasonable price at the time for deliver meaning despite the price of the chest was left out of the contract by Collins which worth more than $2,500, the contract between both of them remained valid in as much as the court can vividly determine a reasonable price for it, in such a way that it is been fair to both parties involved in the contract and the amount has already been based upon the agreed conditions and timeliness of contract performance.
Answer:
The correct answer is letter "C": franchising.
Explanation:
A Franchise is a business in which one party, the franchisee, acquires access to a franchisor's proprietary knowledge, processes, and trademarks. A franchise offers the opportunity to own a company while eliminating many of the initial obstacles. The franchisee purchases the right to sell a product or service in exchange for a fee under an existing mark name.
Answer:
$265
Explanation:
The computation of the national income is shown below:
But before that GDP should be determined
GDP = Consumption + Investment + Government purchase + Net exports
= $190 + $46 + ($9 - $12) + $84 - $10
= $307
now
National Income = GDP - Consumption of Fixed Capital + Net Factor Income from Abroad
= $307 - $52 + $10
= $265