On April 1, 2008, about 20,000 workers in Vietnamese factories that make Nike shoes walked off the job. The workers at the plants (managed by a Taiwanese company) were demanding higher wages. At the time of the strike, the Nike workers were being paid 14% above the minimum wage for Vietnam. However, consumer prices in Vietnam have risen 19% in one year. The inflation rate has been the impetus for
a number of labor strikes over the past year. By April 2, 2008, the strike was settled. The workers were given a 10 percent raise to their $5 hourly wage. If Nike's wages that it was paying were legal, why did it settle the strike by agreeing to pay more?
a. Nike had an ethical dilemma that fit into the category of organizational abuse
b. Nike was considering its stakeholders in resolving ethical dilemmas
c. Nike was exercising social responsibility
d. All of the above are correct
.D
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________ are confidential information or knowledge that has commercial value
A) Copyrights B) Trade secrets C) Trademarks D) Patents
Value analysis is ______.
A. used to improve, at a minimum cost, the functionality of a product without affecting its existing functions and standards B. used to completely analyze and improve the value of all of the components used to develop a product from its design to its final delivery C. used to design a product with a view to meet the requirements of a new market D. used to analyze the process by which market requirements may be satisfied
Which of the following is not a key rule for managing cash flow?
A. Check cash balance every day. B. Pay bills as late as possible but on time. C. Pay bills as soon as possible. D. Collect cash as soon as possible.
A sight draft is:
a. also known as a trade acceptance agreement b. also known as a sales draft c. also known as a time draft d. payable upon presentation by the seller to the buyer of the goods e. none of the other choices