Assignment Details · You are required to prepare a market cultural report. You are to provide insights on the culture of the host market, how it is different you’re your home country, and highlight what cultural factors to take note of when doing business in that country. · Host country: China · Home country: Singapore · Citation format: APA and in text citation · Organise a 2,500 words (+/- 10%) report as follows. Assignment Format · Cover page · 1. Introduction of Host Country · 2. Cultural Analysis of China · 3. Comparison of Business Cultures · 4. Hofstede’s 5 Dimensions of Culture · 5. Conclusion · 6. Reference List Assignment Format (Details) · Cover Page · Title of report · Date · 1. Introduction of Host Country · 1 paragraph · Recommended word length – 100 words · Briefly describe the chosen host country(China), mention: · Host country background · Nature of the host country · 2. Cultural Analysis of China · 2.1 National Culture · 2.2 Subculture · 2.3 Aesthetics · 2.4 Values and Attitudes · 2.5 Manners and Customs · 2.6 Social Structure · 2.7 Religion · 2.8 Language · 2.9 Education · 2.10 Physical and Material Environments · 3. Comparison of Business Cultures · 3.1 Business Culture & Etiquette in China · 3.2 Business Culture & Etiquette in Singapore · Provide chart/diagram of comparison for each component in this part. · 4. Hofstede’s 5 Dimensions of Culture · 4.1 Power Distance · 4.2 Individualism vs Collectism · 4.3 Uncertainty Avoidance · 4.4 Achievement vs Nurturing · 4.5 Long Term Orientation · 5. Conclusion · 1 paragraph · Recommended word length – 100 words · Summarise your key discussions in the report · NO references or anything new in this section · 6. Reference List · You are required to consult and correctly reference a MINIMUM of 12 different sources of information. Running head: LEGAL ENVIROMENT 1 LEGAL ENVIROMENT 4 Federal and State Cassandra Dunn Colorado Technical University Legal Environment Role played by Social Security in employee retirement Social security is mostly known to provide financial support to the retired workers. Social security does not only provide monetary support for the retired workers, but also for the survivors of employees that pass on before retirement. The program also provides disability compensation for employees that becomes unable to earn a living. If the employee has any dependents are eligible for this financial support. The main role of social security is to make sure that the future of an active member is secured from financial constraints that may come on his way after retirement (Young, 2010). The program is based on contributions that active members make into the program during the working life. For someone to qualify for social security program you require a maximum of 40 credits although the extra credits that may be earned does not in any way increase the amount of benefits. The financial benefits that an individual receives are based on their average indexed m ...

1. Assignment Details
· You are required to prepare a market cultural report. You are
to provide insights on the culture of the host market, how it is
different you’re your home country, and highlight what cultural
factors to take note of when doing business in that country.
· Host country: China
· Home country: Singapore
· Citation format: APA and in text citation
· Organise a 2,500 words (+/- 10%) report as follows.
Assignment Format
· Cover page
· 1. Introduction of Host Country
· 2. Cultural Analysis of China
· 3. Comparison of Business Cultures
· 4. Hofstede’s 5 Dimensions of Culture
· 5. Conclusion
· 6. Reference List
Assignment Format (Details)
· Cover Page
· Title of report
· Date
· 1. Introduction of Host Country
· 1 paragraph
· Recommended word length – 100 words
· Briefly describe the chosen host country(China), mention:
· Host country background
· Nature of the host country
· 2. Cultural Analysis of China
· 2.1 National Culture

2. · 2.2 Subculture
· 2.3 Aesthetics
· 2.4 Values and Attitudes
· 2.5 Manners and Customs
· 2.6 Social Structure
· 2.7 Religion
· 2.8 Language
· 2.9 Education
· 2.10 Physical and Material Environments
· 3. Comparison of Business Cultures
· 3.1 Business Culture & Etiquette in China
· 3.2 Business Culture & Etiquette in Singapore
· Provide chart/diagram of comparison for each component in
this part.
· 4. Hofstede’s 5 Dimensions of Culture
· 4.1 Power Distance
· 4.2 Individualism vs Collectism
· 4.3 Uncertainty Avoidance
· 4.4 Achievement vs Nurturing
· 4.5 Long Term Orientation
· 5. Conclusion
· 1 paragraph
· Recommended word length – 100 words
· Summarise your key discussions in the report
· NO references or anything new in this section
· 6. Reference List
· You are required to consult and correctly reference a
MINIMUM of 12 different sources of information.
Running head: LEGAL ENVIROMENT 1
LEGAL ENVIROMENT 4

3. Federal and State
Cassandra Dunn
Colorado Technical University
Legal Environment
Role played by Social Security in employee retirement
Social security is mostly known to provide financial support to
the retired workers. Social security does not only provide
monetary support for the retired workers, but also for the
survivors of employees that pass on before retirement. The
program also provides disability compensation for employees
that becomes unable to earn a living. If the employee has any
dependents are eligible for this financial support. The main role
of social security is to make sure that the future of an active
member is secured from financial constraints that may come on
his way after retirement (Young, 2010).
The program is based on contributions that active members
make into the program during the working life. For someone to
qualify for social security program you require a maximum of
40 credits although the extra credits that may be earned does not
in any way increase the amount of benefits. The financial
benefits that an individual receives are based on their average
indexed monthly earnings which depends on a number of factors
such as the number of years an individual have worked under
the social security cover, wages index and the salary for the job
(Ruschmann & Nasiatka, 2011).
Relationship between FICA, ERISA, and Social Security
Federal Insurance Contributions Act (FICA) is federal law that
requires employees and employers to withhold two separate
taxes from the wages earned. The two different axes are added
together at flat rate percentage and treated as a single amount
known as payroll taxes or FICA. The two taxes pay for both

4. social security benefits and Medicare health insurance. It is
evident that social security is funded mainly through federal
insurance contributions act tax. Social security is therefore a
component of federal insurance contributions act tax (Gonzalez,
2010).
Employee retirement income security act gives divorced spouses
and spouses the rights to an employee’s pension plan. The
relationship between this act and the social security is that they
both offer some benefit to the survivor (divorced spouse).
Nonetheless, the divorced spouse must have been married for
atleast 10 years, entitled to higher retirement benefits on their
own records and presently unmarried for them to receive the
social security benefits.
Real world examples of retirement planning programs
University of California retirement plan is an optional
retirement program that offers two choices- pension choice and
savings choice. The retirement benefit for an individual on this
plan is based on the number of years of service in the
University of California, age and the highest average 36
consecutive months of pay (Gonzalez, 2010).
California public employees’ retirement system is another form
of retirement program that covers the majority of the public
employees of California State. It provides benefits to all state
government workers and to school employees. It acts to
supplement the social security.
Example of fiduciary responsibility under ERISA
A fiduciary has a duty to act prudently in accordance with the
retirement plan documents. It is one of a fiduciary’s major
responsibilities under ERISA. It needs experience in different
areas, including investments. The lack of relevant experience
will require a fiduciary to hire an individual with professional
knowledge to oversee the investments and other functions of the
retirement plan (Gonzalez, 2010).
References
Gonzalez, L. C. M. (2010). Is Our Healthcare System Good
Enough to Take Care of Our Elderly-An Epidemiological and

5. Legal Approach to Aging and the Benefits of Social Security,
Medicare, Medicaid, and ERISA in Puerto Rico. Rev. Jur. UPR,
79, 125.
Ruschmann, P., & Nasiatka, M. (2011). Social security. New
York: Chelsea House.
Young, M. (2010). Social security. Detroit: Greenhaven Press.