addressed perception of its illiquidity? Could it have stopped the run on the bank? If so‚ why? Q6: Did Bear’s failure undermine the viability of the so-called pure play investment banks? Q7: What role should the Fed play in maintaining order in the world securities market? Case questions. Q1: How did Bear’s potential collapse differ from that of LTCM in the eyes of the Federal Reserve? Q2: What could Bear have done differently to avoid its fate: a) In the early 2000s; b) During the summer of
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with macroeconomic goals. b) Legal system. Accounting in code law countries tends to be highly prescriptive‚ detailed‚ and procedural‚ designed to cover every possible circumstance. Accounting standards are a part of national laws. Accounting in common law countries is more adaptive and innovative and tends to allow more judgment to suit the circumstance. Accounting standards are set in the private sector. c) Taxation. This tends to parallel the legal system. In common law countries (where accounting
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Social stratification has been a key role affecting the lives of many people in the Unites States. As a country that once allowed slavery‚ the United States has been a place in where inequality base not only in skin color‚ but gender‚ class‚ and ethnicity has always been present. Although we are now living in a country that had abolished slavery and has laws against discriminations‚ inequality still affects the lives of many people. In order for individuals to succeed and socially and intellectually
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There are two types of legal systems. They are Common Law and Civil Law. Per the World Fact book‚ China and the Czech Republic follow the Civil Law System while Gambia practices a Mixed Law. China: The Republic of China is the most heavily populated country in the world. They follow the Civil law Legal system. Chinese accounting standards were set when China was a socialist country. Thus asset availability was more in playing that profit and loss. The Ministry of Finance requires companies to
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against minorities birthed the civil rights movement‚ and inspired leaders like Malcolm X. Unfortunately‚ the miscarriage of justice in our history is overly prevalent in the legal systems and law enforcement agencies; the fight for justice is not fought solely against other people‚ but rather against systems‚ systems that were put into place to prolong the enslavement mentality of Blacks and keep them oppressed. These practices are commonplace in the rural South during the 30’s which is the location
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2. There are two major types of legal systems used around the world: common law and code law. Code Law countries generally have corporation law which establishes the basic legal parameters governing business enterprises. On the other hand‚ in countries with a tradition of common law (UK)‚ specific accounting rules are established by the profession or by an independent nongovernmental body representing a variety of constituencies. Thus‚ the type of legal system in a country tends to determine whether
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students should be able to: 1. Describe the major types of legal systems confronting international businesses. 2. Explain how domestic laws affect the ability of firms to conduct international business. 3. List the ways firms can resolve international business disputes. 4. Describe the impact of the host country’s technological environment on international business. 5. Identify the factors that influence national accounting systems. 6. Explain how firms can protect themselves from political risk
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and dyadic techniques are used in this study. The main purpose of them to demonstrate whether or not countries governed by Islamic law are effected regarding their international trade although they believe that “the importance of countries’ legal systems for trade has declined over time‚ possibly due to the increased role of international arbitration bodies and/or the standardization of international sales contracts (Powell & and Rickard‚ 2010). This research is important as being the first direct
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nationals and all matters involving the rights and obligations of sovereign nations. Private international law would cover matters involved in a contract between businesses in two different countries. National law is made of three major legal systems of the world today. They consist of civil law‚ common law and religious law. The sources are treaties‚ customary international law. 3. What objections do other countries have to extraterritorial application by the United States of its law? It is
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Chpt Chapter 6 Political and Legal Systems in National Environments MULTIPLE-CHOICE QUESTIONS For each of the following choose the answer that most completely answers the question. WHAT IS COUNTRY RISK? 1. What is the primary reason that some firms decide to enter foreign markets through FDI instead of exporting? a. government-imposed import tariffs b. legal systems which prohibit imports c. extensive customs bureaucracy d. competition among exporters (a; p. 160;
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