Exam 5: Ethics and International Business

Acme Ethical Standards (Scenario) Four senior managers of Acme International meet to discuss strategies for improving ethical practices in the company's worldwide operations. Jang heads the company's manufacturing division in China, while Luis and Marta are based in the Finland and U.S. sales divisions, respectively. Geoff manages the research and development office, based in Brazil. -Who among the following managers is most likely to raise concern over the ban on advertising directed at children in his/her country?

In order to be effective, a corporate code of conduct should be designed to function like a ________.

Ethics and appropriate behavior transcend all international business activities and figure prominently in management decisions about financial performance and competitive advantage.

In helping identify ethical problems, the firm's code of conduct should be tailored to match the norms of each individual region from which the firm operates.

The ________ is a policy platform and practical framework for companies committed to sustainability and responsible business practices. It is the world's largest voluntary corporate citizenship initiative, representing thousands of businesses in more than 135 countries.

Which of the following acts makes it illegal for U.S. firms to offer bribes to foreign parties in order to secure or retain business?

According to relativists ________.

________ means meeting humanity's needs without harming future generations.

________ is the top market for counterfeit and pirated goods.

Economic interests refer to a firm's economic impact on ________.

Freedom Shoes (Scenario) Freedom Shoes Inc., a sports shoe company, is considering entering into a contract with an overseas vendor to expand its production capacity. The company investigated several suppliers and found one vendor to be the most attractive in terms of cost and manufacturing efficiency. However, Freedom's managers have heard reports that the vendor operates factories with sweatshop conditions. -Sean, a senior manager in Freedom, adheres to the relativist view regarding ethical standards. He goes by the rule, "When in Rome, do as the Romans do." Sean is most likely to agree strongly with which of the following views?

Standards of ethical behavior are uniform worldwide.

A corporate culture that advocates profit over sustainability and human welfare cannot lead to employee abuse.

Which of the following behaviors of a firm can be called unethical?

Piracy is equivalent to counterfeiting.

Firms with strong environmental interests are most likely to ________.

In the five-step framework for making ethical decisions, which of the following approaches to evaluating actions is being used by a manager who questions whether a proposed action embodies character strengths he/she values?

Acme Ethical Standards (Scenario) Four senior managers of Acme International meet to discuss strategies for improving ethical practices in the company's worldwide operations. Jang heads the company's manufacturing division in China, while Luis and Marta are based in the Finland and U.S. sales divisions, respectively. Geoff manages the research and development office, based in Brazil. -________ is most likely to point to a controversial practice in his/her country in which the compensation of top executives is far greater than that of low-ranking subordinates.

Ethical behavior is critical to business success.

________ is the procurement of products or services from suppliers located abroad.