Question 1

_____ assume(s) that the market, through its own inherent mechanisms, will keep commerce in equilibrium.

Accepted Answer

A) Social democracy 
B) Laissez-faire economics 
C) Economics 
D) Multinational corporations 
E) Rational economics 
A) Social democracy 
B) Laissez-faire economics 
C) Economics 
D) Multinational corporations 
E) Rational economics

Question 2

Why are many international business ethics issues different from domestic ethical issues?

Accepted Answer

A global firm cannot succeed simply by a

Question 3

What is the purpose of the UN Global Compact?

Accepted Answer

A) To promote free trade around the world 
B) To support international banking institutions 
C) To uphold the principle of consumerism 
D) To provide legal representation to international corporations facing lawsuits 
E) To promote human rights, sustainability, and eradicate corruption 
A) To promote free trade around the world 
B) To support international banking institutions 
C) To uphold the principle of consumerism 
D) To provide legal representation to international corporations facing lawsuits 
E) To promote human rights, sustainability, and eradicate corruption

Question 4

Discuss the ethical issues associated with multinational corporations.

Accepted Answer

MNCs are the subject of much ethical deb

Question 5

The growth of the Internet and differing security laws between countries has led to an increase in concern for the human right of

Accepted Answer

A) religion. 
B) a secure job. 
C) health care. 
D) privacy. 
E) freedom of speech. 
A) religion. 
B) a secure job. 
C) health care. 
D) privacy. 
E) freedom of speech.

Question 6

Europe has stricter Internet privacy controls than the United States.

Accepted Answer

A) True 
 B)False

Question 7

_____ allows for private ownership of property and features a large government equipped to offer such services as education and health care to its citizens

Accepted Answer

A) Democracy 
B) Communism 
C) Socialism 
D) Capitalism 
E) Social democracy. 
A) Democracy 
B) Communism 
C) Socialism 
D) Capitalism 
E) Social democracy.

Question 8

Which of the following is a measure taken by governments to curtail MNC practices that create ethical issues?

Accepted Answer

A) Levying import taxes to lower the prices MNCs charge for their products 
B) Imposing bribes against MNCs so they have to operate unethically 
C) Forcing MNCs to adopt less efficient technology 
D) Preventing the formation of labor unions 
E) Imposing export taxes to force MNCs to share more of their profits 
A) Levying import taxes to lower the prices MNCs charge for their products 
B) Imposing bribes against MNCs so they have to operate unethically 
C) Forcing MNCs to adopt less efficient technology 
D) Preventing the formation of labor unions 
E) Imposing export taxes to force MNCs to share more of their profits

Question 9

Which of the following is true about the U.K. Bribery Act?

Accepted Answer

A) It allows for small facilitation payments. 
B) It only applies to companies headquartered in the United Kingdom. 
C) It is not as stringent as the Foreign Corrupt Practices Act. 
D) It classifies bribes among businesspeople to be illegal. 
E) It mandates that companies must have explicit knowledge of the bribe to be liable. 
A) It allows for small facilitation payments. 
B) It only applies to companies headquartered in the United Kingdom. 
C) It is not as stringent as the Foreign Corrupt Practices Act. 
D) It classifies bribes among businesspeople to be illegal. 
E) It mandates that companies must have explicit knowledge of the bribe to be liable.

Question 10

Which of the following has the power to enact legally binding ground rules for international commerce and trade policy?

Accepted Answer

A) Global Sullivan Principles 
B) World Trade Organization 
C) UN Global Compact 
D) Federal Trade Commission 
E) Global Commerce Association 
A) Global Sullivan Principles 
B) World Trade Organization 
C) UN Global Compact 
D) Federal Trade Commission 
E) Global Commerce Association

Question 11

What is a living wage?

Accepted Answer

A) The minimum wage that a worker requires to meet basic needs. 
B) The wage at which the average worker can live really well. 
C) It is a synonym for minimum wage. 
D) The wage received by child workers in order to stay alive. 
E) A wage given to workers entirely in the form of food. 
A) The minimum wage that a worker requires to meet basic needs. 
B) The wage at which the average worker can live really well. 
C) It is a synonym for minimum wage. 
D) The wage received by child workers in order to stay alive. 
E) A wage given to workers entirely in the form of food.

Question 12

What are the roles of the IMF and the WTO in encouraging, monitoring, and regulating international trade?

Accepted Answer

The IMF makes short-term loans to member

Question 13

_____ has been codified in a UN document and is defined as an inherent dignity with equal and inalienable rights as the foundation of freedom, justice, and peace in the world.

Accepted Answer

A) Cultural relativism 
B) Human rights 
C) Consumerism 
D) Global Compact 
E) AACSB standards 
A) Cultural relativism 
B) Human rights 
C) Consumerism 
D) Global Compact 
E) AACSB standards

Question 14

Which of the following organizations emerged from the Bretton Woods agreement of 1944, where a group of international leaders decided that the primary responsibility for the regulation of monetary relationships among national economies should rest in an extra-national body?

Accepted Answer

A) International Monetary Fund 
B) United Nations 
C) World Trade Organization 
D) North American Free Trade Act 
E) European Union 
A) International Monetary Fund 
B) United Nations 
C) World Trade Organization 
D) North American Free Trade Act 
E) European Union

Question 15

_____ occurs when the middle class shrinks, resulting in highly concentrated wealth amongst the rich and a large number of poor people with very few resources.

Accepted Answer

A) Communism 
B) Socialism 
C) Bimodal wealth distribution 
D) A two-class social structure 
E) Laissez-faire capitalism 
A) Communism 
B) Socialism 
C) Bimodal wealth distribution 
D) A two-class social structure 
E) Laissez-faire capitalism

Question 16

Risk compartmentalization occurs when

Accepted Answer

A) companies place their most problematic employees into separate profit centers so that they cannot influence one another to act unethically. 
B) all profit centers within a corporation are aware of the code of ethics. 
C) all profit centers within an organization become aware of the consequences of competitors' actions. 
D) various profit centers within an organization become unaware of the consequences of their actions on the firm as a whole. 
E) ethics and compliance programs reduce the risk of misconduct. 
A) companies place their most problematic employees into separate profit centers so that they cannot influence one another to act unethically. 
B) all profit centers within a corporation are aware of the code of ethics. 
C) all profit centers within an organization become aware of the consequences of competitors' actions. 
D) various profit centers within an organization become unaware of the consequences of their actions on the firm as a whole. 
E) ethics and compliance programs reduce the risk of misconduct.

Question 17

Power distance dimension refers to the "power inequality" between superiors and subordinates. Which of the following countries probably ranks high on the power distance scale?

Accepted Answer

A) Saudi Arabia 
B) Austria 
C) England 
D) Denmark 
E) Sweden 
A) Saudi Arabia 
B) Austria 
C) England 
D) Denmark 
E) Sweden

Question 18

According to the World Trade Organization, which of the following products and services are most vulnerable to protectionism?

Accepted Answer

A) Textbooks and other school supplies 
B) Travel agencies 
C) Music and dance 
D) Intellectual property 
E) Shoes, cars, and steel 
A) Textbooks and other school supplies 
B) Travel agencies 
C) Music and dance 
D) Intellectual property 
E) Shoes, cars, and steel

Question 19

What concept refers to economic theories advocating the creation of a society where wealth and power are distributed evenly, relative to the amount of work expended in production?

Accepted Answer

A) Rational economics 
B) Socialism 
C) Capitalism 
D) Rational capitalism 
E) Fascism 
A) Rational economics 
B) Socialism 
C) Capitalism 
D) Rational capitalism 
E) Fascism

Question 20

An unconscious reference to one's own cultural values, experiences, and knowledge is referred to as the

Accepted Answer

A) cultural reference criterion. 
B) consumerism movement. 
C) cultural-self criterion. 
D) self-reference criterion. 
E) cultural relativism philosophy. 
A) cultural reference criterion. 
B) consumerism movement. 
C) cultural-self criterion. 
D) self-reference criterion. 
E) cultural relativism philosophy.

_____ assume(s) that the market, through its own inherent mechanisms, will keep commerce in equilibrium.

Why are many international business ethics issues different from domestic ethical issues?

What is the purpose of the UN Global Compact?

Discuss the ethical issues associated with multinational corporations.

The growth of the Internet and differing security laws between countries has led to an increase in concern for the human right of

Europe has stricter Internet privacy controls than the United States.

_____ allows for private ownership of property and features a large government equipped to offer such services as education and health care to its citizens

Which of the following is a measure taken by governments to curtail MNC practices that create ethical issues?

Which of the following is true about the U.K. Bribery Act?

Which of the following has the power to enact legally binding ground rules for international commerce and trade policy?

What is a living wage?

What are the roles of the IMF and the WTO in encouraging, monitoring, and regulating international trade?

_____ has been codified in a UN document and is defined as an inherent dignity with equal and inalienable rights as the foundation of freedom, justice, and peace in the world.

Which of the following organizations emerged from the Bretton Woods agreement of 1944, where a group of international leaders decided that the primary responsibility for the regulation of monetary relationships among national economies should rest in an extra-national body?

_____ occurs when the middle class shrinks, resulting in highly concentrated wealth amongst the rich and a large number of poor people with very few resources.

Risk compartmentalization occurs when

Power distance dimension refers to the "power inequality" between superiors and subordinates. Which of the following countries probably ranks high on the power distance scale?

According to the World Trade Organization, which of the following products and services are most vulnerable to protectionism?

What concept refers to economic theories advocating the creation of a society where wealth and power are distributed evenly, relative to the amount of work expended in production?

An unconscious reference to one's own cultural values, experiences, and knowledge is referred to as the

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

_____ assume(s) that the market, through its own inherent mechanisms, will keep commerce in equilibrium.

Why are many international business ethics issues different from domestic ethical issues?

What is the purpose of the UN Global Compact?

Discuss the ethical issues associated with multinational corporations.

The growth of the Internet and differing security laws between countries has led to an increase in concern for the human right of

Europe has stricter Internet privacy controls than the United States.

_____ allows for private ownership of property and features a large government equipped to offer such services as education and health care to its citizens

Which of the following is a measure taken by governments to curtail MNC practices that create ethical issues?

Which of the following is true about the U.K. Bribery Act?

Which of the following has the power to enact legally binding ground rules for international commerce and trade policy?

What is a living wage?

What are the roles of the IMF and the WTO in encouraging, monitoring, and regulating international trade?

_____ has been codified in a UN document and is defined as an inherent dignity with equal and inalienable rights as the foundation of freedom, justice, and peace in the world.

Which of the following organizations emerged from the Bretton Woods agreement of 1944, where a group of international leaders decided that the primary responsibility for the regulation of monetary relationships among national economies should rest in an extra-national body?

_____ occurs when the middle class shrinks, resulting in highly concentrated wealth amongst the rich and a large number of poor people with very few resources.

Risk compartmentalization occurs when

Power distance dimension refers to the "power inequality" between superiors and subordinates. Which of the following countries probably ranks high on the power distance scale?

According to the World Trade Organization, which of the following products and services are most vulnerable to protectionism?

What concept refers to economic theories advocating the creation of a society where wealth and power are distributed evenly, relative to the amount of work expended in production?

An unconscious reference to one's own cultural values, experiences, and knowledge is referred to as the

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