1. Explain the possible problems in the ethical culture of the Red Cross that created the issues discussed in this case. Ethical culture can be viewed as the character or decision making process the employees use to determine whether their responses to ethical issues are right or wrong. Ethical culture is driven by top management. The problems began with American Red Cross when the organization started to see a high rate of turnover in the executive level. The frequent executive turnover significantly
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What is Cross-Cultural Communication? The phrase cross-cultural communication describes the ability to successfully form‚ foster‚ and improve relationships with members of a culture different from one’s own. It is based on knowledge of many factors‚ such as the other culture’s values‚ perceptions‚ manners‚ social structure‚ and decision-making practices‚ and an understanding of how members of the group communicate--verbally‚ non-verbally‚ in person‚ in writing‚ and in various business and social
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FERA and FEMA THE Foreign Exchange Regulation Act‚ 1973 (FERA) was repealed and a new Act called the Foreign Exchange Management Act‚ 1999 (FEMA) came into force with effect from June 1‚ 2000‚ with a view to facilitating external trade and payments and promoting orderly development and maintenance of foreign exchange market in India. UNDER the FEMA‚ foreign exchange transactions are divided into two broad categories - current account and capital account transactions. Transactions that alter the
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ceremony of presenting the gift and the way it is wrapped is as important--sometimes more important--than the gift itself. . Gifts are given for many occasions. . The gift need not be expensive‚ but take great care to ask someone who understands the culture to help you decide what type of gift to give. . Good quality chocolates or small cakes are good ideas. . Do not give lilies‚ camellias or lotus blossoms as they are associated with funerals. . Do not give white flowers of any kind as they are
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Pages 1. Introduction 2 2. Exchange control and its uses 2 2.1 . Disadvantages of tightly managed exchange control 2.2 . Advantages of flexible exchange controls 2.3 . Disadvantages of flexible exchange controls 3. Emerging markets and exchange control 3 4. South Africa and exchange controls 3 5. Conclusion 5 6. References 6 List of figure: Figure 1: Exchange rate forecast 4 Figure 2: Price of Brent
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Executive summary Agricultural market in Ethiopian has been long plagued by high transaction costs and non integrated market information. Small scale farmers came to the market with little information. Ethiopian commodity exchange‚ the newly established organization‚ is providing a market place where buyer and sellers can come together to trade and be assured of quality‚ delivery and payment. Currently‚ ECX has 496 members - 346 are suppliers and 150 sellers from the coffee industry. ECX started
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the culture of a country are tightly connected. In order to be a good manager outside your ‘comfort zone’ - the country you are living in‚ with its culture‚ people‚ and all of it sides (that you are pretty acknowledged of)‚ you should be ready to go deeper in the new place’s culture‚ people’s values‚ habitude‚ manners or even dress codes and food manners. Using the bedrock of cultural theory and comparison are the keys to manage within a culture. The importance of knowing a country’s culture helps
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Exchange Rate The rate at which the currency unit of one country may be exchanged for that of another. Exchange rate plays a critical role in country’s level of trade. An exchange rate has two components‚ the domestic currency and a foreign currency‚ and can be quoted either directly or indirectly. In direct quotation‚ the price of a unit of foreign currency is expressed in terms of the domestic currency. Eg: 1 US Dollar = 60.21 INRIn an indirect quotation‚ the price of a unit of domestic currency
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What are the Functions of the Foreign Exchange Market? Definition The foreign exchange market‚ also known as the forex‚ FX‚ or currency market‚ involves the trading of one currency for another. Prior to 1996 the market was confined to large corporate banks and international corporations. However it has since opened up to include all traders and speculators. Today‚ the average daily turnover in forex markets is US$1.9 trillion‚ according to the Bank of International Settlement’s Triennial Survey
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Bombay Stock Exchange The Bombay Stock Exchange (BSE) (Marathi: Bombay Śhare Bāzaār) (formerly‚ The Stock Exchange‚ Bombay) is a stock exchange located in Dalal Street‚ Mumbai and is the oldest stock exchange in Asia. The Bombay Stock Exchange has the largest number of listed companies in the world‚ with 4990 listed as of August 2010. As of December 2010‚ the equity market capitalization of the companies listed on the BSE was US$1.63 trillion‚ making it the 4th largest stock exchange in Asia and the
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