Ethics and the Global Economy Global Corporation has just learned that it was low bidder on a

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Ethics and the Global Economy Global Corporation has just learned that it was low bidder on a major contract to build a hospital complex in another country. Global also has learned that its bid is “more likely” to be accepted if it agrees to pay a 10 percent expediting fee to a local government official. The contract appears to be quite lucrative and could well lead to work in adjacent countries.

a. How should Global proceed?

b. If Global learns that this is the normal way of doing business in the country and that companies from Germany and France regularly pay such fees, should this affect Global’s actions? Explain.

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Financial Accounting A Decision Making Approach

ISBN: 9780471328230

2nd Edition

Authors: Thomas E. King, Valdean C. Lembke, John H. Smith

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