Planning to expandthe Hangzhou facility must be approved by the government. Knowledge of the laws and traderegulations of the country helps to avoid legalities that could be costly. An example of China¶scomplexity is the decision to cap the annual rate of return to 12% on foreign investors interestedin building and operating power-plants (Hodgetts, Luthans, & Doh, 2005). China is a communiststate and makes up its regulatory rules spontaneously. The government has no legislation or court systems that provide checks and balances on the government officials running the country.Riordan must comply with the laws and regulatory policies of
Robbin Industries is jeopardizing itself by not properly reporting the advertising costs. As an operating company, they must understand the generally accepted accounting principles and adhere to them (Weygandt, Kieso, & Kimmel, 2010). (c) What would you do if you were Wayne Terrago? Wayne Terrago should try to report the financial condition and results of operations fairly and in accordance with the generally accepted accounting principles. As controller, Wayne should inform management and understand what is acceptable according to the GAAP.
The two should never be intermixed. The fact that America wants to have all other countries follow in what we do is completely ridiculous. b. Routinely practice discrimination? I believe that this concern should be left to the company owners as individuals.
The new development had great impact on production such that it was delayed thus delaying delivery of the product by 30 percent. The management had no option but rather to outsource services for its assembly process from China. This called for comprehensive analysis of the situation leading hiring of consultancy services from Grunwald and Vogel. The intention of hiring Grunwald and Vogel was to help the company address the issue of late delivery that affected production. Based on the case study, risk factors that affected outsourcing process included ethical concern, quality and patent protection.
Why or why not? The chapter defines global corporate citizenship as committing to serving various stakeholders. I think that Apple did demonstrate good global corporate citizenship. Even though many of the tragedies could have been avoided long before the audits were performed, I think that Apple responded well after learning of the mistreatment of its indirect employees. The company understood that corporate citizenship is increasingly important for their long-term success and took action by commissioning a month-long, independent investigation of the labor conditions at its suppliers’ factories in China.
Special consideration was given pertaining to legal action because CardMex was operating in a foreign country. If local customs and laws conflict with the foreign organization operation the local law and customs should prevail because the contract based from there. For example, the United States does business with China. If the United States companies have uniforms, but they are operating out of China and the Chinese want to wear the traditional attired to work. If there is an issue the Chinese should win because the United States are operating out of China, and it is a part of their cultural.
This is correct as in they are responsible to get the report but they should not be writing the report. Management should not be over this report in case of fraud or any other thing that could go wrong. They do need to make sure that the employees who are over this are doing their job and getting it turned in on time. It also states that they indicated no material weakness. This is wrong.
Credit bureaus should be required to immediately remove any disputed claim until the validity of claim can be verified. Once the claim can be determined valid only then can the claim be replaced on the consumer’s credit report. By doing this, bureaus can be sure all claims are valid and accurate. Victims of credit fraud and false reporting will be able to fix their credit reports faster and be able to live their normal lives sooner. *Necessities to Live *Should Not Be Subject to a Credit Check – Necessities to live such as Apartment Lease Agreements, Water Utilities, Electric Utilities, and Gas Utilities, should not be allowed to run credit checks to determine eligibility and deposit amount.
But after the announcement it rose to 49.7%, an increase of almost ten percent!17 It is clear that the Nixon administration wished for the visit to China to affect the voting preferences of the American people and to make them see their President in a new light. Communists cannot be trusted. They have never been truthful. Why should they be truthful now? What would they gain by having the United States of America as an ally?