Question

1. Many organizations, especially multinational corporations, must consolidate reports to ensure smooth operations. These reports include currency, measurements, and dates. How would you help them receive reports “on the fly” that are in the desired currency and format?

2. Many European countries have stricter privacy laws than the United States. What is the impact of this discrepancy on multinational corporations with offices on both continents? In terms of business functions, which activities, in particular, are affected?

Answer 1

1. There are many special programs that can be put into place and installed for translation purposes. These programs can help in translating the currency into another desired currency. These can also be used for date and measurements.

• The program is used as soon as the data is obtained and before displaying it on the screen of the person who is reporting, it is converted to that specific format.
• The software to be used can be a spreadsheet as well which is provided with relevant formulas.
• Formulas created in spreadsheets are automatically applied on the data inserted in each row.

2. European countries forbid many companies and organizations, as well as American organization branches, to transfer any personal pr private data records to the United States. However, the transfer of data is permitted if the requesting party is abiding by European laws.

• The biggest impact of such a feuding of laws pertaining to privacy is on trading and marketing.
• If the American companies are allowed to acquire certain information, they can use it for direct marketing and business promotion in the European regions.