Question 1

In countries with minimal corruption ________.

Accepted Answer

A)  commercial laws are unfair and discriminatory 
B)  financial and accounting information is transparent 
C)  direct investment does not take place 
D)  the contribution of the private sector to the national GDP is negligible 
A)  commercial laws are unfair and discriminatory 
B)  financial and accounting information is transparent 
C)  direct investment does not take place 
D)  the contribution of the private sector to the national GDP is negligible B

Question 2

Sustainable practices lead to ________.

Accepted Answer

A)  cost savings from more efficient production 
B)  the abolition of labor unions 
C)  higher employee turnover 
D)  reduced operational flexibility 
A)  cost savings from more efficient production 
B)  the abolition of labor unions 
C)  higher employee turnover 
D)  reduced operational flexibility A

Question 3

Corporate social responsibility represents the apex of the pyramid of ethical behavior.

Accepted Answer

A) True 
 B)False  True

Question 4

When making decisions regarding ethical business actions, managers should ________.

Accepted Answer

A)  minimize employee empowerment to achieve greater control 
B)  focus mainly on the company's obligations to produce profits for its shareholders 
C)  place the highest emphasis on enhancing the company's ability to benefit from a common pool of resources 
D)  balance their obligation to shareholders with explicit contributions to the broader public good 
A)  minimize employee empowerment to achieve greater control 
B)  focus mainly on the company's obligations to produce profits for its shareholders 
C)  place the highest emphasis on enhancing the company's ability to benefit from a common pool of resources 
D)  balance their obligation to shareholders with explicit contributions to the broader public good

Question 5

________ confer the exclusive right to manufacture, use, and sell products or processes.

Accepted Answer

A)  Patents 
B)  Trademarks 
C)  Trade secrets 
D)  Copyrights 
A)  Patents 
B)  Trademarks 
C)  Trade secrets 
D)  Copyrights

Question 6

Acknowledging the presence of an ethical problem is the first step of the framework for arriving at ethical decisions.

Accepted Answer

A) True 
 B)False

Question 7

________ are moral principles and values that govern the behavior of people, firms, and governments, regarding right and wrong.

Accepted Answer

A)  Attitudes 
B)  Ethics 
C)  Laws 
D)  Biases 
A)  Attitudes 
B)  Ethics 
C)  Laws 
D)  Biases

Question 8

Which of the following is true with regard to corruption?

Accepted Answer

A)  Countries with minimal corruption fail to attract direct investment. 
B)  In firms, corruption rarely occurs across the range of value chain activities. 
C)  Corruption harms the poorest in societies. 
D)  Under the Sherman Antitrust Act, firms charged for corruption may be fined $2 million and managers can be imprisoned for up to five years. 
A)  Countries with minimal corruption fail to attract direct investment. 
B)  In firms, corruption rarely occurs across the range of value chain activities. 
C)  Corruption harms the poorest in societies. 
D)  Under the Sherman Antitrust Act, firms charged for corruption may be fined $2 million and managers can be imprisoned for up to five years.

Question 9

Sid Maxwell (Scenario)
Sid Maxwell is the head of legal affairs at Hudson Inc., an American toy manufacturer. Hudson's signature toy, the Witty Parakeet, includes an embedded software program that allows the bird to interact with children. Hudson is currently planning to expand its market in Asia but Sid is concerned about reports of software piracy in the region.
-The software program embedded in Hudson's signature toy, the Witty Parakeet, is an example of a(n) ________.

Accepted Answer

A)  tangible asset 
B)  intellectual property 
C)  trademark 
D)  trade secret 
A)  tangible asset 
B)  intellectual property 
C)  trademark 
D)  trade secret

Question 10

Which of the following approaches to ethical standards for corporate governance reflects the view that the best action emphasizes the welfare of the entire community or nation?

Accepted Answer

A)  rights approach 
B)  utilitarian approach 
C)  common good approach 
D)  virtue approach 
A)  rights approach 
B)  utilitarian approach 
C)  common good approach 
D)  virtue approach

Question 11

Explain the five different approaches to examining ethical problems. What are the difficulties that are likely to arise while using these approaches?

Accepted Answer

Scholars have devised five standards tha

Question 12

Which of the following countries have the LEAST corruption?

Accepted Answer

A)  Mexico 
B)  Philippines 
C)  Russia 
D)  Denmark 
A)  Mexico 
B)  Philippines 
C)  Russia 
D)  Denmark

Question 13

________ refers to ideas or works created by individuals or firms and includes a variety of proprietary, intangible assets: discoveries and inventions; artistic, musical, and literary works; and words, phrases, symbols, and designs.

Accepted Answer

A)  Global sourcing 
B)  Corporate governance 
C)  Constant capital 
D)  Intellectual property 
A)  Global sourcing 
B)  Corporate governance 
C)  Constant capital 
D)  Intellectual property

Question 14

In a world ever sensitive to social and environmental issues, more and more firms are embracing CSR and sustainability. Such firms are more likely than not to ________.

Accepted Answer

A)  develop closer relations with foreign stakeholders to better understand their needs and work jointly toward solutions 
B)  minimize their contribution to the local community in order to maximize profits 
C)  be reluctant to hire managers from around the world 
D)  favor region-specific CSR standards to global CSR standards for foreign operations 
A)  develop closer relations with foreign stakeholders to better understand their needs and work jointly toward solutions 
B)  minimize their contribution to the local community in order to maximize profits 
C)  be reluctant to hire managers from around the world 
D)  favor region-specific CSR standards to global CSR standards for foreign operations

Question 15

The five approaches to analyzing ethical dilemmas often lead to similar solutions.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following grants protections to the creators of art, music, books, software, movies, and TV shows?

Accepted Answer

A)  patent 
B)  trademark 
C)  copyright 
D)  domain registration 
A)  patent 
B)  trademark 
C)  copyright 
D)  domain registration

Question 17

In terms of CSR and sustainability, going wide implies ________.

Accepted Answer

A)  a continuous effort to understand how CSR and sustainability affect every aspect of the firm's operations worldwide 
B)  institutionalizing appropriate behavior into the organization's culture so it becomes part and parcel of strategy 
C)  encouraging unstructured learning among employees 
D)  a sustained effort to reduce control mechanisms throughout the organization 
A)  a continuous effort to understand how CSR and sustainability affect every aspect of the firm's operations worldwide 
B)  institutionalizing appropriate behavior into the organization's culture so it becomes part and parcel of strategy 
C)  encouraging unstructured learning among employees 
D)  a sustained effort to reduce control mechanisms throughout the organization

Question 18

________ refers to the system of procedures and processes by which corporations are managed, directed, and controlled.

Accepted Answer

A)  Corporate governance 
B)  Deceptive marketing 
C)  Global sourcing 
D)  Corporate social responsibility 
A)  Corporate governance 
B)  Deceptive marketing 
C)  Global sourcing 
D)  Corporate social responsibility

Question 19

According to the framework for arriving at ethical decisions, a course of action must be identified as soon as the ethical problem is detected.

Accepted Answer

A) True 
 B)False

Question 20

Corruption is defined as ________.

Accepted Answer

A)  the system of procedures and processes by which corporations are managed, directed, and controlled 
B)  a manner of operating a business that meets or exceeds the ethical, legal, commercial, and public expectations of customers 
C)  the abuse of power to achieve illegitimate personal gain 
D)  the tendency to make decisions based purely on cognitive factors 
A)  the system of procedures and processes by which corporations are managed, directed, and controlled 
B)  a manner of operating a business that meets or exceeds the ethical, legal, commercial, and public expectations of customers 
C)  the abuse of power to achieve illegitimate personal gain 
D)  the tendency to make decisions based purely on cognitive factors

In countries with minimal corruption ________.

Sustainable practices lead to ________.

Corporate social responsibility represents the apex of the pyramid of ethical behavior.

When making decisions regarding ethical business actions, managers should ________.

________ confer the exclusive right to manufacture, use, and sell products or processes.

Acknowledging the presence of an ethical problem is the first step of the framework for arriving at ethical decisions.

________ are moral principles and values that govern the behavior of people, firms, and governments, regarding right and wrong.

Which of the following is true with regard to corruption?

Which of the following approaches to ethical standards for corporate governance reflects the view that the best action emphasizes the welfare of the entire community or nation?

Explain the five different approaches to examining ethical problems. What are the difficulties that are likely to arise while using these approaches?

Which of the following countries have the LEAST corruption?

________ refers to ideas or works created by individuals or firms and includes a variety of proprietary, intangible assets: discoveries and inventions; artistic, musical, and literary works; and words, phrases, symbols, and designs.

In a world ever sensitive to social and environmental issues, more and more firms are embracing CSR and sustainability. Such firms are more likely than not to ________.

The five approaches to analyzing ethical dilemmas often lead to similar solutions.

Which of the following grants protections to the creators of art, music, books, software, movies, and TV shows?

In terms of CSR and sustainability, going wide implies ________.

________ refers to the system of procedures and processes by which corporations are managed, directed, and controlled.

According to the framework for arriving at ethical decisions, a course of action must be identified as soon as the ethical problem is detected.

Corruption is defined as ________.

Introduction: What Is International Business

Globalization of Markets and the Internationalization of the Firm

Organizational Participants That Make International Business Happen

The Cultural Environment of International Business

Theories of International Trade and Investment

Political and Legal Systems in National Environments

Government Intervention in International Business

Regional Economic Integration

Understanding Emerging Markets

The International Monetary and Financial Environment

Strategy and Organization in the International Firm

Global Market Opportunity Assessment

Exporting and Countertrade

Foreign Direct Investment and Collaborative Ventures

Licensing, Franchising, and Other Contractual Strategies

Global Sourcing

Marketing in the Global Firm

Human Resource Management in the Global Firm

Financial Management and Accounting in the Global Firm

Filters

Exam 5: Ethics and International Business

In countries with minimal corruption ________.

Sustainable practices lead to ________.

Corporate social responsibility represents the apex of the pyramid of ethical behavior.

When making decisions regarding ethical business actions, managers should ________.

________ confer the exclusive right to manufacture, use, and sell products or processes.

Acknowledging the presence of an ethical problem is the first step of the framework for arriving at ethical decisions.

________ are moral principles and values that govern the behavior of people, firms, and governments, regarding right and wrong.

Which of the following is true with regard to corruption?

Which of the following approaches to ethical standards for corporate governance reflects the view that the best action emphasizes the welfare of the entire community or nation?

Explain the five different approaches to examining ethical problems. What are the difficulties that are likely to arise while using these approaches?

Which of the following countries have the LEAST corruption?

________ refers to ideas or works created by individuals or firms and includes a variety of proprietary, intangible assets: discoveries and inventions; artistic, musical, and literary works; and words, phrases, symbols, and designs.

In a world ever sensitive to social and environmental issues, more and more firms are embracing CSR and sustainability. Such firms are more likely than not to ________.

The five approaches to analyzing ethical dilemmas often lead to similar solutions.

Which of the following grants protections to the creators of art, music, books, software, movies, and TV shows?

In terms of CSR and sustainability, going wide implies ________.

________ refers to the system of procedures and processes by which corporations are managed, directed, and controlled.

According to the framework for arriving at ethical decisions, a course of action must be identified as soon as the ethical problem is detected.

Corruption is defined as ________.

Introduction: What Is International Business

Globalization of Markets and the Internationalization of the Firm

Organizational Participants That Make International Business Happen

The Cultural Environment of International Business

Theories of International Trade and Investment

Political and Legal Systems in National Environments

Government Intervention in International Business

Regional Economic Integration

Understanding Emerging Markets

The International Monetary and Financial Environment

Strategy and Organization in the International Firm

Global Market Opportunity Assessment

Exporting and Countertrade

Foreign Direct Investment and Collaborative Ventures

Licensing, Franchising, and Other Contractual Strategies

Global Sourcing

Marketing in the Global Firm

Human Resource Management in the Global Firm

Financial Management and Accounting in the Global Firm

Filters