The Balance of Payments of a country always balances The BOP accounts summarize international transactions for a specific period‚ usually a year‚ and are prepared in a single currency‚ typically the domestic currency for the country concerned. Since the balance of payment is based upon system of double-entry book-keeping‚ the total debits must equal to total credits. This is because two aspects of each transaction recorded are equal in amount but appear on opposite sides
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1. Does Monsanto maintain an ethical culture that can effectively respond to various stakeholders? Yes‚ it does. Ethical culture means to assert the supreme importance of the ethical factor in all relations of life‚ personal‚ social‚ national‚ and international‚ apart from any theological or metaphysical considerations (“Encyclopedia.com”‚ 2012). Over a few decades‚ Monsanto has been hiding about the environmental pollution that is harmful for people. The stakeholders were loss of confidence
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I believe it’s safe to say Monsanto has not adhered to any basic moral standard when it comes to the safety of their products and the people consuming them. Since its inception in 1901‚ the company has had a penchant for substituting real food for artificial substitutes‚ which were often cheaper to manufacture. Their degradation of human society didn’t stop there‚ of course. By the 1920s‚ Monsanto was partnering with other large chemical companies around the world‚ producing industrial chemicals
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Ethics and Human values (Monsanto Corporation failed on both) Company Profile: Monsanto is an Agricultural company which delivers agricultural products. It was founded in 1901. It’s also listed as one of the fortune 500 companies’ headquartered in Missouri‚ United States of America. They are present in 60 plus countries with an overall 30 thousand employees. Indictment: Production and man-hours are two major parameters which all corporations are trying to enhance. Monsanto was no different‚ they
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Stakeholder Theory and Limitation 1. Stakeholder theory is an excuse for managerial opportunism: The core claim is that by providing more groups who management can argue their actions benefit‚ stakeholder theory makes it far easier to engage in self-dealing and defend it than if shareholder theory were the sole purpose. 2. Stakeholder theory is primarily concerned with distribution of financial outputs: This view depicts stakeholder theory as primarily about who receives the resources of the organization
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Part 2 Stakeholders Primark stakeholders Primark stakeholders are the people who are or have an interest in the company‚ meaning the costumers‚ their employees‚ the employees associations ‚local and national communities ‚the manufacturers‚ government and the parent company ABF. Employees-within the company will need to notice a change in the working process and the employee get treat equal inside the company and the working environment . Also most employees would concerned about their future
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prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparing the master budget for the first quarter: a. As of December 31‚ 2011 (the end of the prior quarter)‚ the company’s general ledger showed the following account balances: DEBIT CREDIT $ $ Cash 48‚000 Accounts receivable 224‚000 Finished goods Inventory (1000 units) 60‚000 Raw Materials inventory (500 units) 10‚000 Buildings and equipment (net) 370‚000 Accounts payable 93‚000 Capital stock 510
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Task 1 Introduction In this assignment I am going to identify the purposes of different types of organisations‚ describe the extent to which an organisation meets the objectives of different stakeholders and explain the responsibilities of an organisation and strategies employed to meet them. I am also going to give examples based on my own personal experience; I also investigate how organisation structure and culture contribute to business successes. I will also look in to how organisations
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As illustrated in the photo below‚ this train has a front car‚ a passenger car and a caboose. Stakeholders‚ in my opinion are the “passenger car” of this train and should not be forgotten in the middle. [Year] Tasha Corbin [Company name] [Date] As illustrated in the photo below‚ this train has a front car‚ a passenger car and a caboose. Stakeholders‚ in my opinion are the “passenger car” of this train and should not be forgotten in the middle. [Year] Tasha Corbin [Company name] [Date] BUSINESS-It’s
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The purpose of this essay is to critically evaluate the influence of stakeholders on encouraging responsible business practices. This essay will look in to the different stakeholder theories and how these theories help on encouraging responsible business practices in an organization or company. Firstly as mentioned the different forms of stakeholder theories will be outlined to have a clear understanding of these different theories‚ this will also go in to explaining what is the role of managers
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