Question 1

_____ products encourage consumers to return and buy more. This approach is also known as planned obsolescence.

Accepted Answer

A) Laissez-faire 
B) Dumping 
C) Collectivistic 
D) Made-to-break 
E) Multinational 
A) Laissez-faire 
B) Dumping 
C) Collectivistic 
D) Made-to-break 
E) Multinational

Question 2

Those who ascribe to consumerism

Accepted Answer

A) believe that consumers should purchase everything they can afford. 
B) do not believe in taxes on locally made products. 
C) believe that consumers should own the means of production. 
D) believe that consumers, not producers, should dictate the economic structure of a society. 
E) believe that corporations should have the freedom to do whatever they want. 
A) believe that consumers should purchase everything they can afford. 
B) do not believe in taxes on locally made products. 
C) believe that consumers should own the means of production. 
D) believe that consumers, not producers, should dictate the economic structure of a society. 
E) believe that corporations should have the freedom to do whatever they want.

Question 3

Socialism is synonymous with communism. ​

Accepted Answer

A) True 
 B)False

Question 4

When in Rome, do as the Romans do, or you must adapt to the cultural practices of the country in which you are operating are rationalizations businesspeople sometimes offer for straying from their own ethical values when doing business abroad. This practice is called

Accepted Answer

A) the self-reference criterion. 
B) country cultural values. 
C) consumerism. 
D) cultural relativism. 
E) dumping. 
A) the self-reference criterion. 
B) country cultural values. 
C) consumerism. 
D) cultural relativism. 
E) dumping.

Question 5

Which of the following is not a criticism of or charge against multinational corporations (MNCs)?

Accepted Answer

A) They transfer jobs overseas, where wage rates are lower 
B) They increase the gap between rich and poor nations 
C) They usually avoid paying any taxes 
D) They exploit the labor markets of host countries 
E) They have an unfair advantage when competing with local businesses 
A) They transfer jobs overseas, where wage rates are lower 
B) They increase the gap between rich and poor nations 
C) They usually avoid paying any taxes 
D) They exploit the labor markets of host countries 
E) They have an unfair advantage when competing with local businesses

Question 6

The benefit of health care is being debated as to whether it is a right or privilege. Which of the following countries does not consider health care to be a right?

Accepted Answer

A) The United States 
B) France 
C) Sweden 
D) Germany 
E) Canada 
A) The United States 
B) France 
C) Sweden 
D) Germany 
E) Canada

Question 7

Why do certain countries view bribery as ethical? ​

Accepted Answer

A) ​They see these bribes as "favors" of minimal value. 
B) ​They want to place limitations on company expansion. 
C) ​They do not accept bribes that are more than $100 in value. 
D) ​They wish to protect domestic businesses. 
E) ​They use these payments to help the more disadvantaged. 
A) ​They see these bribes as "favors" of minimal value. 
B) ​They want to place limitations on company expansion. 
C) ​They do not accept bribes that are more than $100 in value. 
D) ​They wish to protect domestic businesses. 
E) ​They use these payments to help the more disadvantaged.

Question 8

Increasing the wealth gap between nations and misusing and misallocating scarce resources are ethical issue accusations related to

Accepted Answer

A) cultural differences. 
B) multinational corporations. 
C) consumerism. 
D) legal differences. 
E) international negotiations. 
A) cultural differences. 
B) multinational corporations. 
C) consumerism. 
D) legal differences. 
E) international negotiations.

Question 9

_____ assumes that economic decisions are influenced by human behavior.

Accepted Answer

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

Question 10

The _____ formed in 1995, and it administers its own trade agreements, facilitates future trade negotiations, settles trade disputes, and monitors the trade policies of member nations

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 11

Which of the following statements about multinational corporations (MNCs) is true?

Accepted Answer

A) MNCs operate on a global scale with strong ties to the nation in which they were founded. 
B) MNCs are inherently unethical and always do harm in the countries in which they operate. 
C) MNCs are characterized by a global strategy of focusing on opportunities throughout the world. 
D) Most MNCs use licensing or franchising rather than opening up wholly owned subsidiaries in different countries. 
E) Because of their power, MNCs usually increase the standard of living within the countries in which they operate. 
A) MNCs operate on a global scale with strong ties to the nation in which they were founded. 
B) MNCs are inherently unethical and always do harm in the countries in which they operate. 
C) MNCs are characterized by a global strategy of focusing on opportunities throughout the world. 
D) Most MNCs use licensing or franchising rather than opening up wholly owned subsidiaries in different countries. 
E) Because of their power, MNCs usually increase the standard of living within the countries in which they operate.

Question 12

Behavioral economics assumes that humans act independently on the basis of full and relevant information. ​

Accepted Answer

A) True 
 B)False

Question 13

Who argued during the 1930s that the state could stimulate economic growth and improve stability in the private sector?

Accepted Answer

A) Adam Smith 
B) John Maynard Keynes 
C) Milton Friedman 
D) Herbert Hoover 
E) Geert Hofstede 
A) Adam Smith 
B) John Maynard Keynes 
C) Milton Friedman 
D) Herbert Hoover 
E) Geert Hofstede

Question 14

The _____ was a result of a meeting in which international leaders decided that primary responsibility for the regulation of monetary relationships among nations should rest in an external body.

Accepted Answer

A) United Nations 
B) North American Free Trade Agreement 
C) World Trade Agreement 
D) World Bank 
E) International Monetary Fund 
A) United Nations 
B) North American Free Trade Agreement 
C) World Trade Agreement 
D) World Bank 
E) International Monetary Fund

Question 15

In addition to making short-term loans to member countries with deficits, the International Monetary Fund also takes steps to promote responsible business conduct.

Accepted Answer

A) True 
 B)False

_____ products encourage consumers to return and buy more. This approach is also known as planned obsolescence.

Those who ascribe to consumerism

Socialism is synonymous with communism.

When in Rome, do as the Romans do, or you must adapt to the cultural practices of the country in which you are operating are rationalizations businesspeople sometimes offer for straying from their own ethical values when doing business abroad. This practice is called

Which of the following is not a criticism of or charge against multinational corporations (MNCs)?

The benefit of health care is being debated as to whether it is a right or privilege. Which of the following countries does not consider health care to be a right?

Why do certain countries view bribery as ethical?

Increasing the wealth gap between nations and misusing and misallocating scarce resources are ethical issue accusations related to

_____ assumes that economic decisions are influenced by human behavior.

The _____ formed in 1995, and it administers its own trade agreements, facilitates future trade negotiations, settles trade disputes, and monitors the trade policies of member nations

Which of the following statements about multinational corporations (MNCs) is true?

Behavioral economics assumes that humans act independently on the basis of full and relevant information.

Who argued during the 1930s that the state could stimulate economic growth and improve stability in the private sector?

The _____ was a result of a meeting in which international leaders decided that primary responsibility for the regulation of monetary relationships among nations should rest in an external body.

In addition to making short-term loans to member countries with deficits, the International Monetary Fund also takes steps to promote responsible business conduct.

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

_____ products encourage consumers to return and buy more. This approach is also known as planned obsolescence.

Those who ascribe to consumerism

Socialism is synonymous with communism. ​

When in Rome, do as the Romans do, or you must adapt to the cultural practices of the country in which you are operating are rationalizations businesspeople sometimes offer for straying from their own ethical values when doing business abroad. This practice is called

Which of the following is not a criticism of or charge against multinational corporations (MNCs)?

The benefit of health care is being debated as to whether it is a right or privilege. Which of the following countries does not consider health care to be a right?

Why do certain countries view bribery as ethical? ​

Increasing the wealth gap between nations and misusing and misallocating scarce resources are ethical issue accusations related to

_____ assumes that economic decisions are influenced by human behavior.

The _____ formed in 1995, and it administers its own trade agreements, facilitates future trade negotiations, settles trade disputes, and monitors the trade policies of member nations

Which of the following statements about multinational corporations (MNCs) is true?

Behavioral economics assumes that humans act independently on the basis of full and relevant information. ​

Who argued during the 1930s that the state could stimulate economic growth and improve stability in the private sector?

The _____ was a result of a meeting in which international leaders decided that primary responsibility for the regulation of monetary relationships among nations should rest in an external body.

In addition to making short-term loans to member countries with deficits, the International Monetary Fund also takes steps to promote responsible business conduct.

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

Socialism is synonymous with communism.

Why do certain countries view bribery as ethical?

Behavioral economics assumes that humans act independently on the basis of full and relevant information.