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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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Show the total cost expression and calculate the EOQ for an item with holding cost rate 18%, unit cost $8.00, annual demand of 4
torisob [31]

Answer:

Total cost = Total ordering cost + Total holding cost

Total cost = DCo     + QH

                     Q              2

Where

D = Annual demand

Co = Ordering cost per order

Q = EOQ

H = Holding cost per item per annum

D = 40,000 units

Co = $48

H = 18% x $8.00 = $1.44

EOQ = √2DCo

                H

EOQ = √2 x 40,000 x $48

                     $1.44

EOQ = 1,633 units

Explanation:

EOQ equals 2 multiplied by annual demand and ordering cost divided by holding cost per item per annum. The holding cost per item per annum is calculated as holding cost rate multiplied by unit cost.

7 0
2 years ago
Why are infectious agents and toxins ("select agents") listed in the "additional requirements for facilities transferring or rec
nika2105 [10]
They are given additional regulatory oversight by CDC BECAUSE THE ITEMS POSE A SEVERE THREAT TO PUBLIC HEALTH AND SAFETY. 
Because of the high threat that the items pose to the society's health, regulations have to be put in place to control their transportation and use in order to protect the safety and health of humans, animals and plants and plant products. 
8 0
1 year ago
2. Which of the following headlines is more closely related to what microeconomists study than to what macroeconomists study?
Novosadov [1.4K]

Answer: The answer is D. The price of gasoline rises due to rising oil prices

Explanation: microeconomist study is based on the interaction of individuals or firms in an economy, rather than aggregate economic factors that affect a nation as a whole. Examples are inflation rate, unemployment rates, Per capital income, GDP etc

4 0
2 years ago
When Jacob Riley began working at his local bakery, he found out there was a union representing the bakery workers, but that man
Stells [14]

Answer:

The answer is National Labor Relations Act (Wagner Act)

Explanation:

The national labor Act of 1935 provides workers with the right to organize and  join labor union. The Act also provides workers with a framework for collective bargaining.  The Wagner Act prohibits the interference or coercion of workers to exercise their rights of organizing or joining labor unions alongside bargaining collectively for their working conditions or wages.

Moreover,  the Act prohibits the employer from the refusal to bargain with employees' representatives.

8 0
1 year ago
You have just calculated the acid-test ratio for Peak Performance Sporting Goods [acid test ratio = 1.0]. As a loan officer for
Radda [10]

Answer:

D) An acid-test ratio = 1.0 tells us that without adequate inventory turnover, this company may represent a higher risk. Peak Performance's acid-test ratio shows that the firm maintains $1.00 in current assets for every $1.00 in current liabilities.

Explanation:

The acid test ratio is the ratio which depicts the liquidity of the company. It excludes the inventory, prepaid expenses, etc for calculating it

The formula to compute is shown below:

Acid test ratio is

= Quick assets ÷ current liabilities

Therefore according to the given situation, the correct option is d.

4 0
2 years ago
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