Difference in ethical-legal practices-transacting business


Problem:

Some practices that are taken for granted as standard practices in some cultures may be viewed negatively in others.

Find an example of a business practice that is considered both legal and ethical in a particular country but considered illegal and unethical in the U.S (e.g. bribery, child labor).

Describe the business practice in detail. Compare the views of the country selected with that of the U.S. regarding the business practice. Why the business practice is considered illegal and unethical in the U.S. while it is considered legal and ethical in the selected country?

As a leader of a company, how can you deal with the difference in ethical and legal practices when transacting business with a country that has different standards?

Use articles as references (not just personal knowledge) and provide citations.

At least 600 to 700 words.

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Accounting Basics: Difference in ethical-legal practices-transacting business
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