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Angelina_Jolie [31]
1 year ago
7

Imagine you are the director of global business development for a large Swedish engineering company that wants to win a contract

to build roads in Kenya, a project funded by the World Bank. You need to develop a relationship with the Ministry of Transportation in Kenya. Using what you learned in this course, discuss how you would handle a situation in which your firm wants to win the contract but has been directly asked for a bribe by a local official in charge of the decision making. Imagine that your competitors are from other countries, some of which are less concerned about the ethics of gift giving. Given what you have read in this course, how can you still win business in such a situation? What would you advise your senior management?
Business
1 answer:
Nesterboy [21]1 year ago
5 0

Answer: I would reject his demand for bribe straight away and i will recommend senior management to protect business ethics at all cost.

Explanation: first of all i would not accept the demand of bribe from the official and would try to report this corruption to the concerned authorities.I would try to pressure the authorities to take strict actions against the official and to make the process to be fair and honest in every way.

I as a representative of my company would recommend senior management to take hands off from the project until appropriate actions are taken by the authority as getting into unethical actions might result in problems in future .

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Randy Guerrero wants to buy a home in Atherton, California, where the price of an average house is over $1 million. He is saving
andreyandreev [35.5K]

Answer:

a. self management

Explanation:

Self management -

It is the method by which the human being , manage his or her work , task , goal and expenses , in order to complete the activity on time , is referred to as self management .

This process enables to accomplish the goal with proper strategy and plan .

Hence , from the question,  

Randy collects amount for his new home by saving from his income , showing the method of self management.

5 0
2 years ago
Perine Company has 5,220 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and
Anarel [89]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Beginning inventory= 5,220 pounds

Production:

January= 4,500 units

February= 5,900 units

4 pounds of raw materials are needed for each unit

The estimated cost per pound is $7.

Management desires an ending inventory equal to 29% of next month’s materials requirements.

First, we need to calculate the number of pounds needed for each month:

January= 4,500*4= 18,000 pounds

February= 5,900*4= 23,600 pounds

<u>Direct material budget January:</u>

Production= 18,000

Desired ending inventory= (0.29*23,600)= 6,844

Beginning inventory= (5,220)

Total pounds= 19,624

Total cost= 19,624*7= $137,368

3 0
2 years ago
Read 2 more answers
On June 30, a company provides $900 of services to customers on account. It usually takes the company one week to mail bills to
pav-90 [236]

Answer:

b. Debit Accounts Receivable $900, Credit Service Revenue $900

Explanation:

In this scenario, services was performed; invoice was issued. Thus revenue must be recorded in June, though customer has not paid yet

a. Debit Accounts Receivable $900, Credit Deferred Revenue $900

False, because Deferred Revenue is about the revenues received in advance for services which have not yet been performed or goods which have not yet been delivered.

b. Debit Accounts Receivable $900, Credit Service Revenue $900

True, because revenue was recorded but customer has not paid yet.

c. Debit Cash $900, Credit Deferred Revenue $900

False, because customer has not paid yet

d. Debit Cash $900, Credit Service Revenue $900

False, because customer has not paid yet

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2 years ago
The price of oil in the United States has been very volatile over the last 50​ years, with the real price of oil showing a few d
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Answer:

The first dramatic swing happened in the 1970s when there was a sharp <em><u>rise</u></em> in the real price of oil caused by the <em><u>formation of OPEC.</u></em>

In 1973, the World saw it's first oil spike when members of the Organization of Oil Exporting Countries (OPEC) being mostly Muslims, decided to punish the Western World for their perceived support of the Israelis in the Yom Kippur War. They placed an embargo on the sale of oil to the West and because they controlled 56% of the then World supply, this was enough to force the price of oil up due to the reduction in demand.

<em />

The second swing happened in the 2000s when there was a sharp <em><u>rise</u></em><u> </u>in the real price of oil caused by <em><u>increased demand from emerging economies.</u></em>

From the early 2000s to 2008, the price of oil kept rising steadily till it reached around $147.30 in July 2008. This rise in prices was due to increased demand from newly industrialized and emerging nations like China that needed the oil to maintain their rapid growth.

<u><em /></u>

The most recent swing happened in 2008 when there was a sharp <em><u>drop</u></em><em> </em>in the real price of oil caused by<em> </em><em><u>a large financial crisis.</u></em><em> </em>

By December 2008, the price of oil had fallen to $32 and this was down to the global recession that was ravaging the World known as the Great Recession. As the world saw economic output fall, demand for oil decreased sharply thereby forcing the price of oil to fall dramatically.

3 0
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Eve runs a small business. She runs her business operations from a rented office. Eve has paid the office rent worth $10,000 for
MakcuM [25]

Answer:

C. Current liabilities

Explanation:

4 0
2 years ago
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