a family in Zimbabwe access to the basic necessities of life. Singer argues we have widespread obligations to the world’s poor‚ but we can meet them without being deprived of all of our worldly assets and possessions. This essay aims to defend Singer’s arguments that we‚ fitting a picture of absolute affluence‚ have a moral obligation to help those in poverty. Singer’s position on our moral obligation to aid the world’s poor is characteristically frank and rests on three premises. The first premise
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I’ll begin by looking at Savulescu’s strong belief of the moral obligation to genetically modify humans. Recent studies have shown there are early indicators‚ in our genes‚ that determine certain aspects of our future characteristics. Savulescu states we are morally obligated to treat and prevent diseases. This is viewed as a medical intervention because we are promoting the child’s health. With our advances in technology‚ he also believes we are morally obligated to engage in genetic enhancement
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The tortuous Evolution of the Multinational Corporation 3 State of Mind Attitudes • ETHNOCENTRIC - Home Country Attitudes • POLYCNTRIC - Host Country Oriented • GENOCENTRIC - World Oriented 3 State of Mind Attitudes Ethnocentric – Home Oriented – Home Nationals are superior‚ more trust worthy and more reliable than any foreigners in over seas headquarters or subsidiaries – The performance criteria for men and products are “Home made” – Advise/Council flows from headquarters to subsidiaries
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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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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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principles about women and to honor their religion they follow them. Cultural relativism is important here. It states that a people’s values and customs must be understood in terms of the culture of which they are a part. If the Iraqi women do not understand why they are to cover their bodies
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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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