Exam 3: Politics, Law, and Business Ethics

Renzi belongs to a country in which religion governs all aspects of his life,whether personal or public.He has to abide by a strict,rigid,code that dictates everything from the clothes he wears to the food he eats.Breaking away from these traditions is not an option since religion plays an important role in the functioning of the nation.What political system prevails in his country?

________ measures the indirect carbon dioxide emissions from the whole life cycle of products-from their manufacture to eventual breakdown.

The U.S.legal system is largely based on ________.

________ is the environmental impact of greenhouse gases (measured in units of carbon dioxide)that results from human activity.

Scenario: Risky Business Global Trading LLC is a distributor of computer software and hardware,steel and copper scrap,and telephone equipment.Involved in three very different types of industries,the company faces many types of risks in its global business. -Had the government taken over (with compensation)the assets of Global Trading but not those of any other company,the government's actions would be an example of ________.

Islamic law is the most widely practiced theocratic legal system today.

Scenario: Susan Goes Global with Grape Fizz Susan is the CEO of Grape Fizz,a global drinks-manufacturing company.She wishes to set up production facilities in other countries and has been advised to assess the political system of each country before she does so. -Susan is worried that San Tarino's demand that she must use locally available raw material and employ local workers might interfere with the quality and efficiency of her business.San Tarino,on the other hand,views this as a way to foster local business activity and lessen regional unemployment.What are these laws called?

Which of the following is an advantage of conducting business in totalitarian nations?

The ________ view says that a company should maintain its home-country ethics wherever it operates because the home-country's view of ethics and responsibility is superior to others' views.

Developing nations have the toughest product liability laws,while developed countries have more relaxed laws.

Which of the following functions does a copyright perform?

Konesia is a country whose political leaders do not tolerate opposing viewpoints and often suppress or punish dissidents.The lives of Konesians are tightly controlled by its rulers.Which of the following political systems prevails in the country?

Under ________ law,the justice system decides cases by interpreting the law on the basis of tradition,precedent,and usage.

Robert believes that social and economic equality can be obtained only by establishing an economic system in which the government owns and controls all types of economic activity.However,he does not think of himself as a communist,but as a socialist.Which of the following statements about Robert is true?

Compare and contrast the world's three main political ideologies: anarchism,totalitarianism,and pluralism.

________ is the layer of corporate social responsibility whereby a company develops a code of conduct that it will follow in its global operations and agrees to operate with greater transparency.

The bureaucracy is the part of government that implements the rules and laws passed by elected representatives.

Scenario: Susan Goes Global with Grape Fizz Susan is the CEO of Grape Fizz,a global drinks-manufacturing company.She wishes to set up production facilities in other countries and has been advised to assess the political system of each country before she does so. -Susan decides not to set up production facilities in Konesia because its business laws are vague and are often interpreted according to the convenience of the government.Bribery is a common feature in conducting business deals there and a refusal to pay up is not an option.What kind of government does Konesia have?

________ is the layer of corporate social responsibility whereby a corporation donates money and,perhaps,employee time toward a specific social cause.

Explain the benefits and drawbacks of a value-added tax.