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If a Firm Follows a Strict Code of Conduct, Then

question 71

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If a firm follows a strict code of conduct, then ethical abuses will never occur.


Definitions:

Global Sourcing

Global sourcing involves procuring goods or services from suppliers located in different countries around the world to take advantage of lower costs, unique capabilities, or other strategic benefits.

International Wage Gaps

The disparities in income levels for similar jobs across different countries.

Foreign Direct Investment

An investment made by a company or individual in one country in business interests in another country, in the form of establishing operations or acquiring business assets in the other country.

Joint Venture

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.

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