BA10-Mod5Lect6 Notes - Module 5 Lecture 6 Global Business...

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Module 5 Lecture 6 4/29/07 Global Business & Entrepreneurship Review Questions You are buying socks from a factory in Hangzhou for delivery to California and the contract reads ‚FOB Shanghai.‛ What does this mean? o The sock company pays for transportation up to loading the boat in Shanghai What is true of licensing as a method of international business? o The company that grants the license usually earns 2-3% of sales Ethics not Easy to Solve Most moderate businesses have ethics regulations Ethical framework is online Foreign Corrupt Practices Act Bribing other people Top management of Sieman’s stepped down o It was a German company o They bribed people 2 Provisions o Accounting o No gifts to public officials What is a Gift? Limit $25 lunch matches congressional limit The ‚Grease Money‛ Exception Ex. Policeman in Mexico City bad paid o Customary to leave a tip If break rule, companies can get fined billions of dollars
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