A part (d) model answer Case study- a multinational company Name a multinational company and one country where it operates Nike‚ Vietnam‚ Southern Asia Explain how the MNC affects local people and the economy of that country. Use at least three developed ideas. Nike is the World’s leading supplier of sportswear. It has many factories in Asia‚ including 24 in Vietnam. It has a major impact on both the Vietnamese people and its economy. Thousands of jobs are created for local people which means
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CHAPTER 17 Capital Budgeting for the Multinational Corporation EASY (definitional) 17.1 The _______ is defined as the present value of future cash flows discounted at the project’s cost of capital minus the initial net cash outlay for the project. a) net present value b) equity-adjusted present value c) cost of capital d) value additive principle Ans: a Section: Net present value Level: Easy 17.2 The most desirable property of the NPV criterion is that it evaluates a) investments
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society that blossoms with morals based on politics‚ geography‚ religion‚ and countless other variables. In such a society‚ it is virtually impossible for an entire world to agree on a set of morals to abide by‚ and therefore our world is saturated with the ideals of moral relativism‚ whether or not we see it blatantly. Moral relativism is often given the stigma of sprouting impurity or immorality‚ given the fact that it does not accept that there is a universal moral codex. As the Internet Encyclopedia
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Ethical Issues Associated with Multinational Corporations Navigating the boundaries between right and wrong can prove tricky for companies that operate in several nations and across cultures. Business ethics is the study and evaluation of decision-making by businesses according to moral concepts and judgments. Ethical questions range from practical‚ narrowly defined issues‚ such as a company ’s obligation to be honest with its customers‚ to broader social and philosophical questions‚ such as a
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Ruth Villagra The Cultural Differences Argument for Moral Relativism. Moral Relativism is generally used to describe the differences among various cultures that influence their morality and ethics. According to James Rachels‚ because of moral relativism there typically is no right and wrong and briefly states : “Different cultures have different moral codes.” (Rachels‚ 18) Various cultures perceive right and wrong differently. What is considered right in one society could be considered wrong
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is a man-made code that squares with the moral law or the law of God." We have heard the expression that a person who doesn’t stand for something will fall for anything. We have allowed moral relativism to creep in and push us into the proverbial corner. Moral relativism is a belief that there is no right or wrong‚ no good or evil where rules no longer exist. Dr. Dobson’s letter seems to have more relevance today than it did 20 years ago. I believe relativism has had the most impact in regards to healthcare
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It is overwhelming how corporations have embedded a social responsibility in their mission statements and company objectives. This leaves us with one assertion that is that corporations do have some level of obligation towards society’s morality; however‚ the corporation itself is not a moral agent (Klaus M. Leisinger). The discussion that follows is about corporations being moral agents or otherwise; however I will reach a conclusion that corporations do have an obligation that extends beyond obeying
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Objectivism is the idea that morality is objective. Objective morality tells us that there is a set of natural rules or laws for how we as humans must treat one another and it cannot be changed or altered. This idea contradicts the theory of moral relativism‚ which supports the belief that the ideas of morality of being right or wrong are not firm but can be open to interpretation through cultures‚ people and situations. A great example of these two ideas causing dispute in todays society would be
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Theory‚ Multinational Corporation‚ and Religiosity Over time‚ the raising issue on agency theory where conflict of interest between shareholders who act as the principal and managers who act as the agent has become a big research topic in corporate governance. Fama and Jensen (1983) argue within large and small organizations there is control instrument that deals with the agency problem caused by the separation of ownership and control. The same issue intensifies within multinational corporations (MNCs)
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Why do firms become multinational enterprises? Identify and discuss four reasons‚ making sure to incorporate examples into your answer. Name Institutional Affiliation Why do firms become multinational enterprises? Identify and discuss four reasons‚ making sure to incorporate examples into your answer. Multinationals are corporations which operate in at least two countries but whose management is established in one specific country. They have their operations in at least one other country different
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