Question 1

These values were developed by a reverend and the UN Secretary General. They express support for universal human rights.

Accepted Answer

A) The Global Sullivan Principles 
B) Sarbanes-Oxley Act 
C) FSGO 
D) Global common values 
E) UN Global Compact 
A) The Global Sullivan Principles 
B) Sarbanes-Oxley Act 
C) FSGO 
D) Global common values 
E) UN Global Compact A

Question 2

_____ involves transactions across national boundaries. It is a practice that brings together people who have different cultures, values, laws, and ethical standards.

Accepted Answer

A) Global business 
B) Country cultural values 
C) Social democracy 
D) Cultural relativism 
E) Bimodal wealth distribution 
A) Global business 
B) Country cultural values 
C) Social democracy 
D) Cultural relativism 
E) Bimodal wealth distribution A

Question 3

Which of the following tracks emerging issues and trends, provides information on corporate leadership and best practices, conducts educational workshops and training, and assists organizations in developing practical business ethics tools?

Accepted Answer

A) ​Global Sullivan Principles 
B) ​UN Global Compact 
C) ​World Trade Organization 
D) ​Business for Social Responsibility 
E) ​Bretton Woods agreement 
A) ​Global Sullivan Principles 
B) ​UN Global Compact 
C) ​World Trade Organization 
D) ​Business for Social Responsibility 
E) ​Bretton Woods agreement D

Question 4

Facilitation payments are not allowed under the Foreign Corrupt Practices Act. ​

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is not an article in the UN Human Rights Declaration?

Accepted Answer

A) Freedom of religion 
B) The right to work in favorable conditions 
C) The right to electricity and running water 
D) The right to a home adequate for health and well-being 
E) Mothers and children being entitled to a special level of care 
A) Freedom of religion 
B) The right to work in favorable conditions 
C) The right to electricity and running water 
D) The right to a home adequate for health and well-being 
E) Mothers and children being entitled to a special level of care

Question 6

_____ is based upon the assumption that people are predictable and will maximize the utility of their choices relative to their needs and wants.

Accepted Answer

A) Rational economics 
B) Socialism 
C) Capitalism 
D) Behavioral economics 
E) Consumerism 
A) Rational economics 
B) Socialism 
C) Capitalism 
D) Behavioral economics 
E) Consumerism

Question 7

Which two developing countries are expected to generate some of the largest increases in consumption in the future?

Accepted Answer

A) The United States and Russia 
B) Russia and China 
C) China and United States 
D) Brazil and Russia 
E) China and India 
A) The United States and Russia 
B) Russia and China 
C) China and United States 
D) Brazil and Russia 
E) China and India

Question 8

_____ is a term used by Adam Smith to explain the inherent mechanisms at work in free market systems that keep commerce in equilibrium. It is also known as the "invisible hand."

Accepted Answer

A) Consumerism 
B) Cultural relativism 
C) Social democracy 
D) Laissez-fair 
E) Bimodal wealth distribution 
A) Consumerism 
B) Cultural relativism 
C) Social democracy 
D) Laissez-fair 
E) Bimodal wealth distribution

Question 9

_____ assumes that humans may not act rationally because of genetics, learned behavior, and rules of thumb.

Accepted Answer

A) Rational economics 
B) Socialism 
C) Cultural relativism 
D) National culture 
E) Behavioral economics 
A) Rational economics 
B) Socialism 
C) Cultural relativism 
D) National culture 
E) Behavioral economics

Question 10

The practice of charging high prices for products sold in home markets while selling the same products in foreign markets at low prices, which do not cover the costs of exporting, is known as

Accepted Answer

A) price discrimination. 
B) price gouging. 
C) dumping. 
D) skimming. 
E) loading. 
A) price discrimination. 
B) price gouging. 
C) dumping. 
D) skimming. 
E) loading.

Question 11

What is the AACSB?

Accepted Answer

A) A major international institution regulating banks around the world 
B) An accrediting institution for organizational ethics 
C) A non-political international governing body 
D) An international organization that promotes a set of principles promoting the teaching of responsible management in business schools 
E) A group that promotes sustainability and environmental awareness 
A) A major international institution regulating banks around the world 
B) An accrediting institution for organizational ethics 
C) A non-political international governing body 
D) An international organization that promotes a set of principles promoting the teaching of responsible management in business schools 
E) A group that promotes sustainability and environmental awareness

Question 12

Why might vertical systems be a business ethics issue? ​

Accepted Answer

A) ​They can result in lower wages for factory workers. 
B) ​They can increase consumerism and planned obsolescence. 
C) ​They can result in a channel member having too much control. 
D) ​They cut out the need for retailers and wholesalers. 
E) ​They threaten the existence of large multinational corporations. 
A) ​They can result in lower wages for factory workers. 
B) ​They can increase consumerism and planned obsolescence. 
C) ​They can result in a channel member having too much control. 
D) ​They cut out the need for retailers and wholesalers. 
E) ​They threaten the existence of large multinational corporations.

Question 13

What is a major role of the International Monetary Fund (IMF)?

Accepted Answer

A) It determines the credit ratings of countries. 
B) It is the lender of last resort for individuals who cannot secure other types of loans. 
C) It functions as a collection agent for global banks. 
D) It makes short-term loans to member countries that have deficits and provides foreign currencies for its members. 
E) It provides mortgage loans to international home buyers. 
A) It determines the credit ratings of countries. 
B) It is the lender of last resort for individuals who cannot secure other types of loans. 
C) It functions as a collection agent for global banks. 
D) It makes short-term loans to member countries that have deficits and provides foreign currencies for its members. 
E) It provides mortgage loans to international home buyers.

Question 14

It is not uncommon for the revenues of multinational companies to surpass the GDP of entire countries.

Accepted Answer

A) True 
 B)False

Question 15

_____ identified four cultural dimensions that can have a profound impact on the business environment: individualism/collectivism, power distance, uncertainty avoidance, and masculinity/femininity.

Accepted Answer

A) Milton Friedman 
B) Abraham Maslow 
C) Adam Smith 
D) Geert Hofstede 
E) John Maynard Keynes 
A) Milton Friedman 
B) Abraham Maslow 
C) Adam Smith 
D) Geert Hofstede 
E) John Maynard Keynes

Question 16

How can differences in two countries' cultures create ethical issues in business?

Accepted Answer

National culture is a much broader conce

Question 17

What activity has become a major global business ethics issue only recently?

Accepted Answer

A) Antitrust activities 
B) Bribery 
C) Employee compensation 
D) Consumerism 
E) Hacking 
A) Antitrust activities 
B) Bribery 
C) Employee compensation 
D) Consumerism 
E) Hacking

Question 18

The United Nations views business as a way to increase the economic outlook of countries. ​

Accepted Answer

A) True 
 B)False

Question 19

What is dumping and why is it considered anticompetitive? Does the United States allow dumping?

Accepted Answer

Dumping is the practice of charging high

Question 20

How members of a society respond to uncertainty or ambiguity is referred to as

Accepted Answer

A) rational economics 
B) cultural relativism. 
C) collectivism. 
D) power distance. 
E) uncertainty avoidance. 
A) rational economics 
B) cultural relativism. 
C) collectivism. 
D) power distance. 
E) uncertainty avoidance.

These values were developed by a reverend and the UN Secretary General. They express support for universal human rights.

_____ involves transactions across national boundaries. It is a practice that brings together people who have different cultures, values, laws, and ethical standards.

Which of the following tracks emerging issues and trends, provides information on corporate leadership and best practices, conducts educational workshops and training, and assists organizations in developing practical business ethics tools?

Facilitation payments are not allowed under the Foreign Corrupt Practices Act.

Which of the following is not an article in the UN Human Rights Declaration?

_____ is based upon the assumption that people are predictable and will maximize the utility of their choices relative to their needs and wants.

Which two developing countries are expected to generate some of the largest increases in consumption in the future?

_____ is a term used by Adam Smith to explain the inherent mechanisms at work in free market systems that keep commerce in equilibrium. It is also known as the "invisible hand."

_____ assumes that humans may not act rationally because of genetics, learned behavior, and rules of thumb.

The practice of charging high prices for products sold in home markets while selling the same products in foreign markets at low prices, which do not cover the costs of exporting, is known as

What is the AACSB?

Why might vertical systems be a business ethics issue?

What is a major role of the International Monetary Fund (IMF)?

It is not uncommon for the revenues of multinational companies to surpass the GDP of entire countries.

_____ identified four cultural dimensions that can have a profound impact on the business environment: individualism/collectivism, power distance, uncertainty avoidance, and masculinity/femininity.

How can differences in two countries' cultures create ethical issues in business?

What activity has become a major global business ethics issue only recently?

The United Nations views business as a way to increase the economic outlook of countries.

What is dumping and why is it considered anticompetitive? Does the United States allow dumping?

How members of a society respond to uncertainty or ambiguity is referred to as

The Importance of Business Ethics

Stakeholder Relationships, Social Responsibility, and Corporate Governance

Emerging Business Ethics Issues

The Institutionalization of Business Ethics

Ethical Decision Making

Individual Factors: Moral Philosophies and Values

Organizational Factors: the Role of Ethical Culture and Relationships

Developing an Effective Ethics Program

Managing and Controlling Ethics Programs

Ethical Leadership

Sustainability: Ethical and Social Responsibility Dimensions

Filters

Exam 10: Globalization of Ethical Decision Making

These values were developed by a reverend and the UN Secretary General. They express support for universal human rights.

_____ involves transactions across national boundaries. It is a practice that brings together people who have different cultures, values, laws, and ethical standards.

Which of the following tracks emerging issues and trends, provides information on corporate leadership and best practices, conducts educational workshops and training, and assists organizations in developing practical business ethics tools?

Facilitation payments are not allowed under the Foreign Corrupt Practices Act. ​

Which of the following is not an article in the UN Human Rights Declaration?

_____ is based upon the assumption that people are predictable and will maximize the utility of their choices relative to their needs and wants.

Which two developing countries are expected to generate some of the largest increases in consumption in the future?

_____ is a term used by Adam Smith to explain the inherent mechanisms at work in free market systems that keep commerce in equilibrium. It is also known as the "invisible hand."

_____ assumes that humans may not act rationally because of genetics, learned behavior, and rules of thumb.

The practice of charging high prices for products sold in home markets while selling the same products in foreign markets at low prices, which do not cover the costs of exporting, is known as

What is the AACSB?

Why might vertical systems be a business ethics issue? ​

What is a major role of the International Monetary Fund (IMF)?

It is not uncommon for the revenues of multinational companies to surpass the GDP of entire countries.

_____ identified four cultural dimensions that can have a profound impact on the business environment: individualism/collectivism, power distance, uncertainty avoidance, and masculinity/femininity.

How can differences in two countries' cultures create ethical issues in business?

What activity has become a major global business ethics issue only recently?

The United Nations views business as a way to increase the economic outlook of countries. ​

What is dumping and why is it considered anticompetitive? Does the United States allow dumping?

How members of a society respond to uncertainty or ambiguity is referred to as

The Importance of Business Ethics

Stakeholder Relationships, Social Responsibility, and Corporate Governance

Emerging Business Ethics Issues

The Institutionalization of Business Ethics

Ethical Decision Making

Individual Factors: Moral Philosophies and Values

Organizational Factors: the Role of Ethical Culture and Relationships

Developing an Effective Ethics Program

Managing and Controlling Ethics Programs

Ethical Leadership

Sustainability: Ethical and Social Responsibility Dimensions

Filters

Facilitation payments are not allowed under the Foreign Corrupt Practices Act.

Why might vertical systems be a business ethics issue?

The United Nations views business as a way to increase the economic outlook of countries.