Exam 5: Ethics and Social Responsibility in International Business

Firms such as Procter & Gamble that use recycled materials whenever possible are most likely demonstrating their ________.

How do multi-national firms manage the ethical behavior of employees and maintain social responsibility towards organizational stakeholders?

Firms conduct corporate social audits to assess the ethical values and behaviors of employees.

Codes of ethics are one of the most common methods of addressing appropriate ethical behavior within organizations.

Which of the following is not a common method for encouraging ethical behavior among employees?

What is social responsibility? What are the three main groups a global firm targets with its social responsibility efforts?

Three employees of Martin Enterprises have flown to China to meet a potential business partner. The three employees cannot agree about giving a gift to the potential partner. James, an American manager, believes that gift-giving is an ethical violation. Eun Hee, a South Korean manager, and Evan Lee, a Japanese manager, assert that gift-giving would be appropriate. This situation most likely illustrates which of the following statements?

________ are the things a person feels to be important.

The primary purpose of the Kimberley Process is to eliminate the smuggling and corruption associated with the South African diamond industry.

Sally uses her telephone at work to call her sister long distance. Which of the following best describes Sally's ethical issue?

What is legal compliance? What laws and regulations ensure that the business practices of global firms are legal?

Philanthropic giving is an example of an informal tool to manage social responsibility.

What is the purpose of the Foreign Corrupt Practices Act?

Which of the following is not one of the main groups of stakeholders that firms usually focus on?

Mick has been padding his expense account on business trips. However, it seems fair to him because the company refuses to provide him with comp time despite long hours he works on these business trips. Which ethical generalization does this most likely illustrate?

What are the primary regulations that attempt to address issues of international ethics and social responsibility? Summarize the purpose of each regulation.

What is the defensive approach to social responsibility?

Justin is aware that his supervisor used corporate funds to pay for a personal vacation and reports the offense. This is called ________.

Merck Pharmaceuticals has exhibited philanthropy by providing free medication to individuals in developing countries for the treatment of river blindness.

In some countries small bribes are considered a normal part of doing business.