Tuesday, February 17, 2015

Ch. 3 - Ethics & Social Responsibility

Foreign Corrupt Practice Act(FCPA):

When Casinos, Hotels and large US corporations that are expanding their business to another country have to act according to the (FCPA) law. For example when opening a new hotel out side the US, have to be careful of not braking the (FCPA) law, and other laws, when obtaining a location that the corporation wants for the hotel /resort. Corporations have to be careful with what there representatives are doing to obtain that specific location. Because even if it is good for business, there are certain restrictions in some places. Some places can not be sold because there are part of the community, the owner does not want to sell, the land are protected by environmental laws, or they are protected land by the state. These are some reasons that corporations that are seeking expansion have get in trouble for. Because they want to get the land anyways, putting profit first and ethics last.
 

No comments:

Post a Comment