Business Essentials (12th Edition) (What's New in Intro to Business)
12th Edition
ISBN: 9780134728391
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
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Chapter 2, Problem 2.8QA
Summary Introduction
To explain: The challenges that could be created for a company doing its business abroad.
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Given the high level of corruption in some countries, why don’t these companies increase their level of government regulations to combat these corrupt activities?
Should the company allow its foreign divisions to pay bribes if all other companies are doing so ?
Is Commercial Bribery More or Less Common in My Country?
Chapter 2 Solutions
Business Essentials (12th Edition) (What's New in Intro to Business)
Ch. 2 - Prob. 2.1QRCh. 2 - Prob. 2.2QRCh. 2 - Prob. 2.3QRCh. 2 - Prob. 2.4QRCh. 2 - Prob. 2.5QRCh. 2 - Prob. 2.6QACh. 2 - Prob. 2.7QACh. 2 - Prob. 2.8QACh. 2 - Prob. 2.9AECh. 2 - Prob. 2.10AE
Ch. 2 - Prob. 2.11ACh. 2 - Prob. 2.12ACh. 2 - Prob. 2.13ACh. 2 - Prob. 2.14ACh. 2 - Prob. 2.15TECh. 2 - Prob. 2.16TECh. 2 - Prob. 2.17TECh. 2 - Prob. 2.18TECh. 2 - Prob. 2.19EECh. 2 - Prob. 2.20EECh. 2 - Prob. 2.21EECh. 2 - Prob. 2.22CCh. 2 - Prob. 2.23CCh. 2 - Prob. 2.24CCh. 2 - Prob. 2.25CCh. 2 - Prob. 2.26CCh. 2 - Prob. 2.27CCh. 2 - Prob. 2.28CCh. 2 - Prob. 2.29CCh. 2 - Prob. 2.30C
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- When Canadian companies do business in other countries around the world, they often find themselves under pressure to give bribes to officials in those countries in order to win contracts. What policy or policies do you think the Canadian government should adopt with respect to our companies paying bribes to win contracts in foreign countries? (Remember that it might in some ways be in the financial interest of both companies and also the Canadian people to engage in bribery.) Support your view by argument.arrow_forwardRefer to Case 18: Managing the Risks of Global Bribery in Business Your organization has expanded into several countries, but not the United Kingdom. Your manager believes the United Kingdom offers a number of possibilities for expansion, but you know that the company will be subject to the U.K. Bribery Act. What changes might your company have to make to its ethics and compliance program to adhere to this more stringent law? Be sure to address: The differences between the provisions of the United States Foreign Corrupt Practices Act and the United Kingdom Bribery Act The effects of bribery in corporate culturearrow_forwardMany countries use "bribes" as a way of doing business. We do not have global standards for safety, ethics, or cultural customs. When custom and culture clash with ethical standards and moral values, should the national culture or the company code of ethics be the controlling factor? Which should take precedence?arrow_forward
- Should the U.S. Government allow companies to use offshore companies to use offshore outsourcing if qualified U.S. citizens are willing to do a job? Should the government regulate the amount that can be outsourced by a company? Why or why not?arrow_forwardshould IBM allows its foreign divisions to pay bribes if all other companies are doing so?arrow_forwardHow were the illegal and fraudulent activities discovered?arrow_forward
- What would you have done, if anything, had you been one of the sales professionals pressured to engage in unethical, illegal practices there?arrow_forwardAre the large drug companies guilty of price gouging or of charging an unfair or exploitative price for their products? Should Americans be permitted to import drugs from Canada or other countries? Assess the motivations of drug companies that do their testing overseas. Do you think test subjects are being exploited or taken advantage of? Under what circumstances, if any, are companies morally justified in testing overseas?arrow_forwardExplain Foreign Corrupt Practices Act (FCPA)?arrow_forward
- The political and legal environment in Ghana is very stable and peaceful. Using yourchosen organisation, why do you think it is essential for Ghanaian businesses to be aware of thetrends in the political-legal environment.arrow_forwardDiscuss the notion of the "social contract" and how that might be considered in management's decision to pay higher taxes to the company's home country or to shop for a country that imposes lower taxes, then relocate the company's headquarters there.arrow_forwardYou are an executive of an American company. You have been sent to South Korea to expand your company’s operations in that country. From your knowledge (or research) of cultural differences between the South Koreans and Americans, what two cultural mistakes are you likely to commit in South Korea that would irritate the Korean people?arrow_forward
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