specifically a commercial business‚ and the society it interacts with. According to ISO 2600‚ social responsibility concerns with contributing to the sustainable progression‚ along with the health and welfare of society. However‚ Corporate Social Responsibility (CSR) is an obligation of all business body to safeguard the interest In a corporate perspective‚ maximising profits and acquiring market share remains as one of the central objectives of any regular business corporation. However‚ as per
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A multinational corporation (MNC) or multinational enterprise is a corporation that is registered in more than one country or that has operations in more than one country. It is a large corporation which both produces and sells goods or services in various countries.It has branch plants outside of the country where its main operations and planning take place. They play an important role in globalisation. An example on a MNC in Intel‚ which has a branch plant in Leixlip Co. Kildare‚ Ireland.
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Trade Barriers Trade barriers are created to encourage domestic players by making it more difficult for foreign firms to compete. Traditionally‚ India has had several types of trade hurdles for foreign exporters‚ such as‚ Import Quotas‚ Subsidies‚ Trade Samples and Tariff/Duty. The most critical barrier to trade is tariffs or the tax imposed on imports. High tariffs in several sectors continue to bar foreign businesses from increased market access. Red-tapism and Corruption Traditionally
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Unethical Business Practices The modern business world is characterized for being aggressive and competitive. Companies must be alert and always ready to take advantage of opportunities as quickly as possible. If companies are not aggressive enough they risk losing business to other competitors. For all these reasons‚ many people now question whether there is a place for ethics in this highly competitive capitalist economy. However‚ is it good for companies to create aggressive
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Case Analysis: Doing Business Abroad As businesses grow to the point that they operate globally‚ it becomes important for the personnel within the company to understand the cultural differences between the home office and the overseas operations. Every region of the world has its unique cultural idiosyncrasies. These idiosyncrasies can prove to be challenging if a manager is not prepared to deal with the cultural differences in a respectful‚ appropriate way. Some of the specific ways that cultural
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When a business cashes a check they act as an intermediary between the maker of the check and the payee. This status is known by the Uniform Commercial code (UCC) as a “holder in due course” (HIDC). An analysis of Any kind checks cashed‚inc v. Talcott will illustrate how fragile HIDC status is. There are benefits for a business to have HIDC status‚ which will protect them in the event of check fraud. However‚ businesses must perform some due diligence in order to maintain this status. Ultimately
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Turner 1 Barry Turner Neal Peters English 101 29 April 2013 Should it be legal In 1978 the state legislators of New Mexico made a law allowing physicians to prescribe marijuana to patients suffering from nausea caused by chemotherapy‚ much of this due to the efforts of a cancer patient by the name of Lynn Pierson. The Federal government modified the law to make it comply with IND regulations requiring a research program. The FDA also demanded many studies
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Topic: Compensation Submitted By: Syeda Zunairah Bukhari (10-Arid-1942) Sir: Abdul Latif Barani Institute of Information technology PMAS-Arid Agriculture University Rawalpindi. Definition: Compensation is the total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required. Compensation is based on: market research about the worth of similar jobs in the marketplace‚ employee contributions and
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OVERVIEW OF CHINESE COMPANY LAW (I) Legal characteristics of Modern Company A modern company has a set of legal characteristics: 1. Independent legal personality 2. Limited liability 3. Transferability of shares / interests 4. Centralised Management 5. Investor Ownership These characteristics respond to the economic exigencies of the large modern business. 1. Independent Legal Personality Meaning: - Independent from investors and the management; - Counter-party in corporate
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Should abortion be legal? Throughout the course of history‚ the debate of whether abortion was a moral act or a dishonest one was a constant dispute. Many fought and argued that the death of a fetus is an act of abhorrence as well as demoralization.. Although some argue that it is unjust to eradicate a life that has no choice to protest‚ there are many points that prove otherwise. The option of abortion has a variety of advantages to particular situations in which a solution is not given. Abortion
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