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Ironically Toyota prior to the scandal had one of the best quality track records in the industry. Legal risks can be minimized by including clauses in the sales contract of new vehicles that document how long a warranty lasts.
Regulatory agencies can have a major impact on the everyday operations of an enterprise. A regulatory agency that oversees all manufacturing operations in America is the Environmental Protection Agency (EPA). The mission of EPA is to protect human health and to protect the environment. One of the laws EPA enforces is the Clean Air Act. The Clean Air Act regulates air emissions from stationary and mobile sources (EPA, 2010). Due to the rigorous environmental standard in the United States certain multinational corporations preferred to establish subsidiaries in foreign location where the environmental laws are softer. This strategy can be used to evade environmental policies. Another environmental law that the EPA regulates is the Safe Drinking Water Act. This Act protects the quality of the water US citizens consume. In poor underdeveloped countries such as the nations located in the Sub-Saharan desert there is major water scarcity and the quality of the water is extremely poor. The existence of regulatory agencies such as the EPA protects the quality of life of the people.
In your discussion you mentioned that some corporations are able to evade environmental laws by moving to locations outside the United States. I believe this practice is unethical because these companies know that they are hurting the environment with polluting agents. A way to stop this practice is for the United Nations to create a global environmental agency to oversee the activity of corporations. This way companies will have to adapt to the global laws which should help lower air, soil, and water pollution.
Within your responses you mentioned that a way to deal with product liabilities is to establish warranty protocols. For example in the
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One of the most important functions that the FASB serves is formulating the generally accepted accounting principles (GAAP). The accounting profession is self-regulated and accountants depend on the generally accepted accounting principles to guide their work.
ext, it is duty bound for any business that has an existence to meet the needs of the customers through the different offerings in the form of its varied products and/or services. It asks for the business to be responsive towards the needs and requirements of the customers and
Project Technical Planning is a series of successful steps or a sequence of successful steps that leads a project towards a successful completion (Kerzner, 2006). As we talk about the problems and troubles with the project
ates which will change the culture of America’s automakers who have in the past been hesitant to implement hybrid technology because the market share of this niche industry within the auto industry is relatively low at the 4% position. The program will bring some much needed
The primary difference between bar charts and histograms is that bar charts provide categorical data while histograms provide continuous data. I personally believe that bar charts are more practical and easy to understand in comparison with
The products sold by the competition are all similar. During team meetings the employees discuss ways improving the profits of the firm. Market forces in our marketplace controls price. The law of supply and demand forces equilibrium prices in the marketplace.
The problem for the consumers is that many of these drugs are fakes. It is estimated that 15%-30% of these drugs are counterfeits. These drugs can be dangerous to the consumer and some cases lead to death.
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