Why is bribery a major issue confronted by multinational companies operating in international markets?
a. The issue of bribery has the potential to benefit multinational companies as they will not be performing illegal acts in the U.S.
b. Bribery is the only issue of international markets.
c. The prevalence of bribery in foreign markets leaves industries at a competitive disadvantage.
d. Bribery is the only issue international companies will be able to confront with success.
c. The prevalence of bribery in foreign markets leaves industries at a competitive disadvantage.
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According to the IFAC's Code of Ethics for Professional Accountants section on professional appointment,
a. The existing accountant must discuss relevant matters with the proposed accountant b. The fundamental principle of independence requires the accountant to provide only the services for which (s)he has the needed expertise c. Before accepting a new engagement, the accountant should have assurance that the work can be completed without the help of others d. An accountant generally needs the client's permission to communicate with the current accountant
_______ is what makes one product distinctive from another and attractive in the consumers' minds.
Fill in the blank(s) with the appropriate word(s).