horrifying conditions under which workers labored to produce them. College students‚ activists‚ and certain scholars were quick to condemn “Sweatshops” and the multinational companies (MNC’s) that used them. However‚ this initial moral condemnation was based more on a natural sense of horror than moral reasoning‚ and critics often demonstrated a lack of sensitivity to both the underlying economic conditions that gave rise to the sweatshop phenomenon and to the beneficial consequences of sweatshops for
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What is a contract? A business contract is a legally binding agreement between two or more parties to do or not to do certain things. For example‚ a business contract could be for the sale of goods or supply of services at a certain price. There are many different types of contracts including: the sale and purchase of a business agreement; partnership agreements; leases of business premises; leases of plant and equipment; and employment agreements. The process for creating a contract generally
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To what extent does a currency forward contract need to play a formal role in multinational companies? A globalisation has risen over the last 20 years. Because of this factor‚ international markets have increased rapidly‚ therefore a large number of companies have been particularly interested in global operatings‚ such as‚ export trade‚ import trade‚ overseas sales (Moosa‚ 2003). A subsequent significant trouble looming large for
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Financial Risk Management‚ FIN3FRM Semester 2‚ 2012 Assignment 1 Q.1 An investor enters into a short forward contract to sell 100‚000 British pounds for U.S. dollars at an exchange rate of 1.9000 U.S. dollars per pound. How much does the investor gain or lose if the exchange rate at the end of the contract is (a) 1.8900 and (b) 1.9200? (2 points) Solutions: a) The investor as part of obligation for selling pounds‚ because of his obligation to sell
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Title Name BUS 311 Business Law I Professor Date Situations that involve written and oral contracts between clients and contractors happen every day. Quite often‚ a price is agreed upon based on a completion date and the performance that happens along the way. One such situation that I have experienced was when my Dad decided to purchase a brand new townhouse in a downtown Cincinnati residential redevelopment project. A private contractor named Drees had won the rights from the city to
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INFRASTRUCTURE CONCESSION CONTRACTS: AN INTRODUCTION #2/July 08 What is infrastructure concession contract? What are the advantages and disadvantages of concession contracts? This paper addresses these two questions. Also‚ it outlines the basics of infrastructure concession contracts. I. Introduction Ownership of public assets is a sensitive issue for all governments. However‚ budgetary shortfalls as well as the repeated failure of governments all over the world to maintain these assets have
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alone but also for all susceptible children in the community. This justification will be reinforced using two ethical theories that nullify the refusal of administration of the vaccine by a guardian‚ the first theory that will be exhausted will be Act Utilitarianism and further reinforced using W.D. Ross’s Ethical Pluralism theory. Act utilitarianism (AU) is a fairly straightforward theory with an obligation to equality and impartiality. It comprises of mainly utility and disutility‚ or in simple
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is this class about‚” I thought to myself when I first registered for the Intro to Acquisition and Contract Management Class. Once I attended the class‚ I quickly realized that Government contracting is a big deal‚ because this is how the Government procures their goods and services. The U.S. federal government is the leading consumer of goods and services in the world‚ awarding Billions in contracts every year. There are rules and regulations mandated by Congress that have to be followed when procuring
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According to Immanuel Kant’s ethical theory‚ an act is only morally right if we can will it to be a universal law of conduct. This ideal is what Kant called the "categorical imperative." The categorical imperative has been successfully achieved when all of the following conditions have been met: the act in question is possible for everyone to follow; all rational people must be able to accept the act as if they were receiving the treatment themselves‚ and last‚ the act can never treat people as means
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Contract Cancellation due to a Breach of Contract Submitted by Victoria Wyatt Prepared for Dr. Maverick Acquisition Law Spring 07 18 May 2007 CERTIFICATE OF AUTHORSHIP: I certify that I am the author. I have cited all sources from which I used data‚ ideas‚ or words‚ either quoted directly or paraphrased. I also certify that this paper was prepared by me specifically for this course. ______________________________________________ Signature Date Overview
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