Malaysia is a country that______in the manufacture of rubber products.A.specializesB.produ
Malaysia is a country that______in the manufacture of rubber products.
A.specializes
B.produces
C.turns
D.makes use
Malaysia is a country that______in the manufacture of rubber products.
A.specializes
B.produces
C.turns
D.makes use
Unlike some environmental issues, rain forest depletion has fortunately received significant public and media attention. Despite the opposition to the cutting down of rain forests, the problem continues. Every year, Brazil chops down on area of forest the size of the state of Nebraska. In addition to the Amazon's rain forests, many other forests are being cut down as well. In Indonesia, Zaire, Papua New Guinea, Malaysia, Burme, the Philippines peru, Colombia, Bolivia, and Venezuela, rain forests that were once great have been lost.
According to some estimates, 50 million acres of rain forest are cut down every year. The United Nations says the figure is closer to 17 million acres. The World Wildlife Fund says that every minute, 25 to 50 acres are cut or burned to the ground.
The world's growing population has been a primary reason of rain forest destruction. More people need land to live on and wood products to consume. Limiting population growth may be the first in a series of steps that would limit the destruction of the rain forests.
In the opinion of the author, ______ are being destroyed terribly at present.
A.the oceans
B.the atmosphere
C.the rain forests
D.all the above
(i) Following an investigation you discover that commissions were paid to a senior official in one country to ensure that the local drug licensing agency concerned facilitated the acceptance of one of your principal revenue earning drugs for use within its national health service.
(ii) You have discovered that an agent of your firm, aware that the licensing agreement might be forthcoming,
purchased several call option contracts on your company’s equity.
(iii) A senior member of the firm’s treasury team has been taking substantial positions in currency futures in order to protect the risk of loss on the translation of dollar assets into the domestic currency. Over the last 12 months significant profits have been made but the trades do not appear to have been properly authorised. You discover that a long position in 50, $250,000 contracts is currently held but over the last four weeks the dollar has depreciated by 10% and all the signs are that it will depreciate considerably more over the next two months.
(iv) One drug company has managed to copy a novel drug that you have just released for the treatment of various forms of skin cancer. You have patent protection in the country concerned but your company has not been able to initiate proceedings through the local courts. Contacts with the trade officials at your embassy in the country concerned suggest that the government has made sure that the proceedings have not been allowed to proceed.
The company’s chief financial officer has asked you to look into these issues and, with respect to (iv), any World Trade
Organisation (WTO) agreements that might be relevant, and to advise her on how the company should proceed in each case.
Required:
Prepare a memorandum advising the Chief Financial Officer on the issues involved and recommending how she should, in each case and in the circumstances, proceed.