write response for others friends with agree and with additional some points as well as with references too.
Q1. Write reply (respond must be in terms of agree and add some additional information in 60 words)
The Foreign Corrupt Practices Act (FCPA) is the most effective transnational anti-corruption law in the world. It includes two main provisions which are
· Anti-bribery: Individuals and businesses are forbidden from bribing foreign officials to keep or acquire the business.
· Accounting: Issuers must create and maintain books, records, and accounts to accurately show the transactions of corporations. Issuers are prohibited from falsifying these records. Issuers must also devise and maintain an adequate system of internal accounting controls (The National Whistleblower Center, 2021).
Reference
The National Whistleblower Center. (2021, January 11). Foreign Corrupt Practices Act Whistleblower FAQ. Retrieved from https://www.whistleblowers.org/faq/foreign-corrupt-practices-act-qui-tam/?gclid=CjwKCAiAl4WABhAJEiwATUnEF2g_u99_D3_csuMrwfhldWrqKFpUHzQmQsTwF65kQMeK179VPPaEDBoC22UQAvD_BwE
Q.2 Write reply with agree and just write some additional information rather than this articles in about 60 words)
To add to your post, when managers are considering doing business in other countries, they are highly recommended to do plenty of research on their laws and how they conduct business. Areas that may be impacted are contracts, investment, and corporate law. The five major families of law are (1) common law, (2) Romano-Germanic civil law, (3) Islamic law, (4) socialist law, and (5) Hindu law (Kubasek, N. K., Brennan, B. A., & Browne, M. N., 2017). Each of these laws pertain to the business that is managed in specific countries. For example, common-law pertains to business that is done within the United States, England, and 26 former British colonies. The Romano-Germanic civil law pertains to France, Sweden and Germany and utilizes codes versus cases when enforcing rules and regulations. The Islamic law is originated from “Shari’a, a code of rules designed to govern the daily lives of all Muslims.” The socialist law comes from the teachings of Karl Marx, where no single private property is known or established. The goal of the socialist law is to ensure the entire country is running of pure communism. Lastly, Hindu law stems from the Sastras. “Hindu law governs the behavior of people in each caste (hereditary categories that restrict members’ occupations and social associations).” (p. 219).
Kubasek, N. K., Brennan, B. A., & Browne, M. N. (2017). The legal environment of business: a critical thinking approach (Eight). Pearson.
Q1. Write reply (respond must be in terms of agree and add some
additional
information
in
60 words
)
The Foreign Corrupt Practices Act (FCPA) is the most effective transnational anti
–
corruption
law in the world. It includes two main provisions which are
·
Anti
–
bribery: Individuals and businesses are forbidden from bribing
foreign officials to
keep or acquire the business.
·
Accounting: Issuers must create and maintain books, records, and accounts to accurately
show the transactions of corporations. Issuers are prohibited from falsifying these
records. Issuers must also devis
e and maintain an adequate system of internal
accounting controls
(The National Whistleblower Center, 2021).
Reference
The National Whistleblower Center. (2021, January 11). Foreign Corrupt Practices Act
Whistleblower FAQ. Retrieved from https://www.whist
leblowers.org/faq/foreign
–
corrupt
–
practices
–
act
–
qui
–
tam/?gclid=CjwKCAiAl4WABhAJEiwATUnEF2g_u99_D3_csuMrwfhldWrqKFpUHzQmQsT
wF65kQMeK179VPPaEDBoC22UQAvD_BwE
Q
.2 Write reply with agree and just write some additional information rather than this
articles in about 60 words)
To add to your post, when managers are considering doing business in other countries, they are
highl
y recommended to do plenty of research on their laws and how they conduct business.
Areas that may be impacted are contracts, investment, and corporate law. The five major families
of law are (1) common law, (2) Romano
–
Germanic civil law, (3) Islamic law,
(4) socialist law,
and (5) Hindu law (Kubasek, N. K., Brennan, B. A., & Browne, M. N., 2017).
Each of these
laws pertain to the business that is managed in specific countries. For example, common
–
law
pertains to business that is done within the United Sta
tes, England, and 26 former British
colonies. The Romano
–
Germanic civil law pertains to France, Sweden and Germany and utilizes
codes versus cases when enforcing rules and regulations. The Islamic law is originated from
“Shari’a, a code of rules designed t
o govern the daily lives of all Muslims.”
The socialist law
comes from the teachings of Karl Marx, where no single private property is known or
established. The goal of the socialist law is to ensure the entire country is running of pure
communism. Lastly
, Hindu law stems from the Sastras. “Hindu law governs the behavior of
people in each caste (hereditary categories that restrict members’ occupations and social
associations).” (p. 219).
Kubasek, N. K., Brennan, B. A., & Browne, M. N. (2017). The legal e
nvironment of business: a
critical thinking approach (Eight). Pearson.
Q1. Write reply (respond must be in terms of agree and add some additional information in
60 words)
The Foreign Corrupt Practices Act (FCPA) is the most effective transnational anti-corruption
law in the world. It includes two main provisions which are
Anti-bribery: Individuals and businesses are forbidden from bribing foreign officials to
keep or acquire the business.
Accounting: Issuers must create and maintain books, records, and accounts to accurately
show the transactions of corporations. Issuers are prohibited from falsifying these
records. Issuers must also devise and maintain an adequate system of internal
accounting controls (The National Whistleblower Center, 2021).
Reference
The National Whistleblower Center. (2021, January 11). Foreign Corrupt Practices Act
Whistleblower FAQ. Retrieved from https://www.whistleblowers.org/faq/foreign-corrupt-
practices-act-qui-
tam/?gclid=CjwKCAiAl4WABhAJEiwATUnEF2g_u99_D3_csuMrwfhldWrqKFpUHzQmQsT
wF65kQMeK179VPPaEDBoC22UQAvD_BwE
Q.2 Write reply with agree and just write some additional information rather than this
articles in about 60 words)
To add to your post, when managers are considering doing business in other countries, they are
highly recommended to do plenty of research on their laws and how they conduct business.
Areas that may be impacted are contracts, investment, and corporate law. The five major families
of law are (1) common law, (2) Romano-Germanic civil law, (3) Islamic law, (4) socialist law,
and (5) Hindu law (Kubasek, N. K., Brennan, B. A., & Browne, M. N., 2017). Each of these
laws pertain to the business that is managed in specific countries. For example, common-law
pertains to business that is done within the United States, England, and 26 former British
colonies. The Romano-Germanic civil law pertains to France, Sweden and Germany and utilizes
codes versus cases when enforcing rules and regulations. The Islamic law is originated from
“Shari’a, a code of rules designed to govern the daily lives of all Muslims.” The socialist law
comes from the teachings of Karl Marx, where no single private property is known or
established. The goal of the socialist law is to ensure the entire country is running of pure
communism. Lastly, Hindu law stems from the Sastras. “Hindu law governs the behavior of
people in each caste (hereditary categories that restrict members’ occupations and social
associations).” (p. 219).
Kubasek, N. K., Brennan, B. A., & Browne, M. N. (2017). The legal environment of business: a
critical thinking approach (Eight). Pearson.
