Exam 5: Ethics and International Business

Creating alternatives is the last step of the framework for arriving at ethical decisions.

In a short essay, describe the three types of interests simultaneously pursued by a sustainable business.

When applying the five-step framework for making ethical decisions, managers should, at first, ________.

Grease payments intended to expedite transactions are both accepted and legal in many countries.

CSR improves employee perceptions of a company, which in turn enhances their loyalty and focus on company goals.

Scholars examining ethics from the perspective of relativism hold that ethical truths are absolute.

Trademarks, copyrights, and patents are examples of ________.

When it comes to ensuring ethical behavior, experienced managers follow a systematic process.

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. -The managers discuss various ethical problems commonly encountered in their local territories. Which of the following representatives is most likely to label counterfeiting of goods as the biggest challenge in his/her country?

What is an ethical dilemma? In a short essay, include one example of an ethical dilemma that a business manager might face.

________ refers to offering, giving, receiving, or soliciting anything of value to influence the actions of a government official or a corporate manager.

The most advanced companies monitor suppliers to ensure that they use sustainable practices.

In a short essay, explain the value of CSR for businesses.