1.
The governments should proceed to institute more regulation to control the banking and the financial industries following the recent global market industries. This will allow the banks to disclose their activities and their balanced sheets checked frequently and also prevented from any undertaking risky ventures in junk bonds and real estates (Harker).
2.
The property rights and contracts are quite significant as they allow economic freedom, in which case it comes from the classical liberal and right-libertarian. Such economic liberty will produce, trade and consume the goods and te services acquired without the use of theft, fraud and even force.
3.
The Pacific Rim countries have had to influence the global commerce by promoting the free trade and the economic cooperation throughout the region.
4.
The Sherman antitrust act of 1890 and the Clayton act of 1914 is still relevant in today’s business environment because the two laws protect competition in the marketplace. They stand as the key law regarding competitions in the free markets. It also saves the consumers money and encourages business to create better products (Clarkson, et al)
4.
Political, business strategy involves the political competition firms engaging in order to defend heir interests with the public institutions and also the private interest group. The business strategy involves some long-term plan of action that one designs to achieve some goals or objectives.
6.
Affirmative action programs are no longer ethical and necessary because the program is unjust and it mostly involves some form of racial discrimination. As such, they are immoral and illegal including the fact that they are unjust (Shaw 439).
7.
Illegal discrimination in the workplace involves the employer doing something for an employee basing upon the prejudicial beliefs. These include the restricted retirement’s plans, sexual harassments, laying off, a lower rate scale, verbal abuse among others (England).
8.
Given today’s turbulent economic, domestic and global markets, the best strategy that will make the business survive is the business strategy. This is because of the clear vision, ability to communicate its relevance, offers security among others.
Works Cited:
Harker, Patrick T. Performance of Financial Institutions: Efficiency, Innovation, Regulation.
Cambridge [u.a.: Cambridge Univ. Press, 2000. Print.
Clarkson, Kenneth W, and Clarkson-Miller-Jentz-Cross. West Business Law: Texts and Cases ;
Legal, Ethical, International, and E-Commerce Environment. Mason, Ohio [u.a.:
Thomson West, 2005. Print.
England, Deborah. The Essential Guide to Handling Workplace Harassment & Discrimination.
Berkeley, Calif: Nolo, 2012. Print.
Shaw, William H. Business Ethics. Boston, MA: Wadsworth/Cengage Learning, 2011. …