Explain how the Koran views business.
What will be an ideal response?
Ans: The way that the Quran views business is a great example of how theology and moral belief affect commercial activity, particularly on an international scale. Take interest payments, for example.. even though the payment and receipt of interest is common in many countries across the world, the Quran described them as "usury", and has outlawed them from taking place within their borders. Even though this is inconvenient for many American businesspeople, I admire the fact that they have written laws for moral reasons, and that they stick by them to this day.
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What should the CEO of a company suggest to another CEO if their companies have a very similar product but do not share the same market?
a. Implement environmentally safe initiatives b. Merge c. Implement a flexible structure d. Create a horizontal alliance so that each firm can compete better in its respective market
Which of the following is correct about contracts entered into by insane persons?
A) Contracts entered into by persons adjudicated insane are void, and those entered into by nonadjudicated insane persons are voidable. B) Contracts entered into by all insane persons are voidable. C) Contracts entered into by persons adjudicated insane are voidable, and those entered into by nonadjudicated insane persons are void. D) Contracts entered into by all insane persons are void.