Homework answers / question archive / 1

1

Economics

Share With

1. You start a new business in town that is very successful. However, you find out after the first year of operation that you must have a safety permit, and that safety permit must be obtained upon commencement of your business. Obviously you have violated this law. You never had any training in running a business nor did anyone tell you about this law. You can tell the judge you did not know what the law was and he will dismiss your case because of that. True False
Question 28 2.5 pts Before you decide that you have an ethical responsibility to act in a way contrary to what the law requires you should, among other things: O Try to change the law. O Examine whose interest is being advanced by acting contrary to the law. Work with accountants and lawyers to ensure you can act contrary to the law without others finding out. O All of the above answers. O the first and second answers above. Question 29 2.5 pts We should disobey the laws the United States only if, among other things, : The laws are manifestly and profoundly unjust to a significant part of our population. The laws have a severely negative impact on our company's profits. O The laws are so unjust as to make us willing to pay significant fines and/or serve significant time in jail. O All of the above.
Question 31 2.5 pts Diversity is all about quotas. True False.

2.Elaborate the factors that may influence exchange rates between China Reminbi and US Dollar. Your explanation including the demand and the supply of the currency and reaction of the people of these two countries. Support with relevance diagram (if any)