1.Every country has a set of unique cultures and laws that govern the citizens of the country. Indeed, these laws define the dos and donâ€ts thus provide guidance or limits in the social behavior, which is acceptable. Furthermore, laws are the proponents of social values in an organization. In this perspective, advertisers who are advertising abroad should take care of the local legislation (Daniels, Radebaugh, & Sullivan, 2014). For instance, an advertiser who is advertising marijuana products in Lesotho could face less legal challenges as compared to those faced in the United States. In the same case, advertising in religious places or using the religions prophets is viewed as illegal thus would lead to harsh repercussions on the advertiser in Muslim countries. Therefore, advertisers need to observe the regulations and laws in the host country since that is the main operating environment. Failing to adhere to the said regulations ultimately leads to trouble within an organization.
2.There are diverse ways in which US advertisers encounter regulations while functioning abroad. These issues arise from cultural trends as well as legal concerns. Cultural factors play crucial role in nations like Japan, whose cultural characteristics are highly deviated from that of US. For instance, they prefer stories with subtle presence of the product, while in the US it is all about the product and its benefits (Li, 2016). Legal concerns play a more significant role when it comes to the Middle Eastern states. There, cultural factors blend into legal procedures. Regulations occur in diverse terms, for instance, if the content is offensive with regards to a culture or if the message is misleading. Such regulations are consistent for online campaigns as well. Consequently, advertisers need to dodge contents like gambling, which can lead to severe punishments (Tamimi, 2015). Religious content too tend to become strictly regulated in the Middle East, which does not generally occur in the US.
3.The three main theories of compensation for government takings of foreign owned properties include the Traditional theory, which is the Prohibition of All Takings. The theory suggests that taking foreign property is prohibited altogether. The second theory is the Modern Theory, which is considered as the international standard (Mercurio, 2010). The theory recognizes the need or right to nationalize foreign owned property however; the property should be used for a public purpose and must prompt adequate compensation. Additionally, the application of this approach should be non-discriminatory.
Finally, the non-western theories provide that the State have a sovereign right to take property based on the Calvo Doctrine. These theories dictate the issue or idea of ownership of property between the state and foreigners (Mercurio, 2010). I personally agree with the modern view which accepts the State to own property but with some restrictions or reservations such as the ensuring that the property being used for a public purpose.
4.The first theory of compensation is book value, which measures the companyâ€s overall assets. This is generally more productive for companies that have solid assets. For other forms of organizations, for instance, trading firms or gaming enterprises, a more productive option can be that of going concern. This is speculative approach where the auditor studies financial statements and then comprehends if the enterprise can sustain at same levels for the next year since the time of the audit. Unlike the previous case where assets played key role, here factors like operating results, lawsuits and loan defaults play important role. The third technique is discounted cash flow (DCF), which utilizes future cash flow projections, discounting them for present value estimations. This is then used for appraising the investment potentiality of the business. However, compared to the other two options, this relies more upon inputs, which renders it to be less accurate.
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