Exam 5: Ethics in International Business

The products of Carmen Stores, an international sports apparel chain, are manufactured in sweat factories in China. According to the company president, using sweatshop labor offers a means of livelihood to children and young adults, as well as supplies good quality apparel to customers at a lower cost. She asserts that the actions of the company are justified because it results in the benefit of the maximum number of people. The company president's argument is based on which of the following ethical viewpoints?

In its extreme viewpoint, _____ suggests that if a culture supports slavery, it is all right to use slave labor in the country.

Milton Friedman's basic position is that the only social responsibility of business is to increase profits, so long as the company stays within the rules of law.

A firm's internal stakeholders include customers, suppliers, and lenders.

Ethics officers are hired by many businesses to make sure that all employees are trained to be ethically aware and that ethical considerations enter the business decision-making process at all levels of the organization.

Should a multinational feel free to pollute in a developing nation?

_____ means standing in the shoes of a stakeholder and asking how a proposed decision might impact that stakeholder.

The ethical obligations of a multinational corporation toward employment conditions, human rights, environmental pollution, and the use of power are always clear-cut.

The utilitarian approach to business ethics suggests that:

Why do organizations appoint an ethics officer?

Explain the Friedman doctrine. Who developed the philosophy? How well does this approach hold up ethically?

To establish moral intent, managers need to stand in the shoes of a stakeholder and ask how a proposed decision might impact that stakeholder.

Corporations can contribute to the global tragedy of the commons by not pumping pollutants into the atmosphere or dumping them in oceans or rivers.

Discuss how companies such as Exxon, Kodak, and IBM helped improve human rights in South Africa.

What is considered normal practice in one country may be considered unethical in others. Discuss.

Employees in a business often take their cue from business leaders, and if those leaders do not behave in an ethical manner, they might not either.

What is considered normal business practice in one country may be considered unethical in other countries.

According to the naive immoralist,

Social responsibility refers to the idea that businesspeople should favor decisions that have both good economic and social consequences.

What is a code of ethics?