Explain the Principles Of Delegation in Mangement.
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Explain the Principles Of Delegation in Mangement.
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- How related demarcation and limitations to each other?Some trade companies exported goods under CIP trade terms, during whole130%transportation process, the folowing risks, losses and expenses occurred:(1) Suffered transport vehicles capsizing during transit from the warehouse to the departure port, and resulted in some goods damage.(2) During the loading of the goods from departure port to the ship, one entire package goods faling on shore, caused goods complete damage, and one entirepackage goods falling into the sea, caused some goods slight damage.(3)The ship sufered tsunami during sailing, the engine couldn't work properly, and the ship couldn't move.I(4)Asked tugboat for rescue, and went to refuge port for repairing the ship, and paid salvage charges and warehousing charges.(5) After repairing the ship, the ship sailed again, but suffered heavy weather, caused damage of some goods in the cabin A.(6) Whereafter, suffered grounding, caused complete damage of fragile goods in cabin B.(7) When the ship arrived at the port of destination…For this assignment, students are asked to simulate their own multinational corporation (MNC).Students are required to justify the form of their own MNC, based in the Caribbean, which tradeswith three countries outside of the Caribbean region. Students will then examine issues related toforeign exchange management within their multinational corporation.This group assignment should address the following:1. The form of MNC that the business takes, whether franchising, licensing, the exportationof a product sold through a distributor, etc. The rationale behind using this form of MNCshould also be given.2. The main foreign currencies that will be used in the business.3. The foreign exchange exposure of the company and how the company plans to managethis exposure.4. Any current financial issues that affect the operating environment of the MNC and howthese issues affect the company’s foreign currency exposure.
- 5. Key terms Select the correct term for each of the following definitions. Definition A tax on an import The ability of a country to produce a good at a lower opportunity cost than another country The ability of a country to produce a good using fewer resources than another country A limit on the quantity of a good that may be imported in a given time period Select the correct acronym for each trade agreement or organization as follows. Description : An organization of 21 Pacific Rim nations subject to a nonbinding agreement to reduce trade barriers between members The regional free trade agreement among the United States, Canada, and Mexico An organization of 27 nations dedicated to removing all trade barriers within Europe Term Trade Agreement or Organization.In an international trade, Green Trade Co. is selling 40,000 mts of grain to Mersin Dış Ticaret A.Ş.. In the sale contract an Incoterms from 2020 series is agreed. According to the Incoterm, Agro Trade Co. is responsible from production costs, pre-carriage to loading port, customs clearance, loading of the ship, insurance and freight. Mersin Dış Ticaret A.Ş is responsible from unloading costs occurred at the destination port, customs clearance, duties and on-carriage. In accordance with sales agreement, the party who is responsible from carriage of cargo charters a vessel. According to the charter contract, cargo will be loaded at Port of Portland, USA and will be discharged at Port of Mersin. Upon loading, a negotiable document is prepared and delivered to the relevant party. On the way to discharging port, some of the cargo in one hold is damaged. When the vessel arrives to the discharging port, Mersin Dış Ticaret A.Ş. goes to the agent of the ship to deliver the cargo.…In an international trade, Green Trade Co. is selling 40,000 mts of grain to Mersin Dış Ticaret A.Ş.. In the sale contract an Incoterms from 2020 series is agreed. According to the Incoterm, Agro Trade Co. is responsible from production costs, pre-carriage to loading port, customs clearance, loading of the ship, insurance and freight. Mersin Dış Ticaret A.Ş is responsible from unloading costs occurred at the destination port, customs clearance, duties and on-carriage. In accordance with sales agreement, the party who is responsible from carriage of cargo charters a vessel. According to the charter contract, cargo will be loaded at Port of Portland, USA and will be discharged at Port of Mersin. Upon loading, a negotiable document is prepared and delivered to the relevant party. On the way to discharging port, some of the cargo in one hold is damaged. When the vessel arrives to the discharging port, Mersin Dış Ticaret A.Ş. goes to the agent of the ship to deliver the cargo. a) Determine…
- ( )9.Axiom International, an Australian company, wants to expand its operations to China, a country that is politically, culturally, and economically different. The firm needs to select a mode of entry that would give it access to local knowledge, allow sharing of development costs and risks, and also be politically acceptable. Which of the following modes of entry into foreign markets is most suitable for Axiom International? A. Wholly owned subsidiary B. Joint venture C. Exporting D. Greenfield investmentsCase 3. Company A of Country J signed a timber sale contract with Company B of Country G. It is agreed in the contract that shipment will be made in August and payment will be made by L/C. However, the L/C issued by the issuing bank in accordance with the application submitted by Company B indicates that the latest shipment date is 31st July. Company A did not attract attention and still completed the shipment on August 20 according to the contract. When Company A demanded payment from the bank with the bill of lading marked on August 20, the issuing bank refused to pay. Question: Is it reasonable for the issuing bank to refuse payment ? Full explanations thank you. Within 4 hours.Case 1: A Chinese Company A offered to an Australian Company B, selling them a batch of some goods. Besides some necessary transaction terms and conditions were set out clearly in the offer, the offer also indicated that the payment was made by sight L/C and the delivery was to be made within two months after receipt of the L/C. Company B replied in their letter that they could accept the offer, but asked for immediate delivery. However, Company A didn't give any answer to this letter. Then presently Company B opened the letter of credit at sight, and indicated "immediate shipment". During that time the marketing price for the goods was rising greatly. So Company A refused to deliver the goods. Question: (1) Was the sales contract established between two companies? (2) Did Company A have the right to refuse to deliver the goods?