Question 1

According to the cultural relativism point-of-view, a firm should adopt the ethics of the culture in which it is operating.

Accepted Answer

A) True 
 B)False

Question 2

Rights theories recognize that human rights and privileges are culturally determined and vary from country to country.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is NOT an example of internal stakeholders?

Accepted Answer

A)  Employees 
B)  Customers 
C)  Stockholders 
D)  The board of directors 
A)  Employees 
B)  Customers 
C)  Stockholders 
D)  The board of directors

Question 4

Noblesse oblige refers to payments that ensure receiving the standard treatment that a business ought to receive from a foreign government.

Accepted Answer

A) True 
 B)False

Question 5

What are business ethics? What is the relationship between business ethics and an ethical strategy?

Accepted Answer

Business ethics are the accepted princip

Question 6

According to John Rawls:

Accepted Answer

A)  each person should be permitted the maximum amount of basic liberty compatible with a similar liberty for others. 
B)  freedom of speech and assembly is the single most important component in a justice system. 
C)  equal basic liberty is impossible in a pure market economy. 
D)  ethics is culturally determined. 
A)  each person should be permitted the maximum amount of basic liberty compatible with a similar liberty for others. 
B)  freedom of speech and assembly is the single most important component in a justice system. 
C)  equal basic liberty is impossible in a pure market economy. 
D)  ethics is culturally determined.

Question 7

In a business setting, noblesse oblige is taken to mean benevolent behavior that is the responsibility of successful enterprises.

Accepted Answer

A) True 
 B)False

Question 8

Most moral philosophers see value in utilitarian and Kantian approaches to business ethics.

Accepted Answer

A) True 
 B)False

Question 9

Facilitating payments are:

Accepted Answer

A)  a direct violation of the Foreign Corrupt Practices Act. 
B)  permitted so long as they designed only to gain exclusive preferential treatment. 
C)  used to secure contracts that would otherwise not be secured. 
D)  permitted under the amended Foreign Corrupt Practices Act. 
A)  a direct violation of the Foreign Corrupt Practices Act. 
B)  permitted so long as they designed only to gain exclusive preferential treatment. 
C)  used to secure contracts that would otherwise not be secured. 
D)  permitted under the amended Foreign Corrupt Practices Act.

Question 10

According to John Rawls's difference principle,

Accepted Answer

A)  certain people or institutions are obligated to provide benefits or services that secure the rights of others. 
B)  fundamental human rights should transcend national borders and cultures. 
C)  the best decisions are those that produce the greatest good for the greatest number of people. 
D)  inequalities are justified if they benefit the position of the least-advantaged person. 
A)  certain people or institutions are obligated to provide benefits or services that secure the rights of others. 
B)  fundamental human rights should transcend national borders and cultures. 
C)  the best decisions are those that produce the greatest good for the greatest number of people. 
D)  inequalities are justified if they benefit the position of the least-advantaged person.

Question 11

Discuss the utilitarian approach to business ethics. When was this approach developed? What are its drawbacks?

Accepted Answer

The utilitarian approach to business eth

Question 12

Which of the following enables managers to walk away from a decision that is profitable, but unethical?

Accepted Answer

A)  Noblesse oblige 
B)  Moral courage 
C)  The difference principle 
D)  The Friedman doctrine 
A)  Noblesse oblige 
B)  Moral courage 
C)  The difference principle 
D)  The Friedman doctrine

Question 13

Facilitating payments are also known as speed money or grease payments.

Accepted Answer

A) True 
 B)False

Question 14

External stakeholders:

Accepted Answer

A)  are individuals or groups who own the business. 
B)  include all employees, the board of directors, and stockholders. 
C)  typically comprise customers, suppliers, lenders, etc. 
D)  are individuals or groups who work for the business. 
A)  are individuals or groups who own the business. 
B)  include all employees, the board of directors, and stockholders. 
C)  typically comprise customers, suppliers, lenders, etc. 
D)  are individuals or groups who work for the business.

Question 15

An American manager in Colombia routinely pays off the local drug lord to guarantee that his plant will not be bombed and that none of his employees will be kidnapped. The manager argues that such payments are ethically defensible because everyone is doing it. The manager's argument exemplifies which of the following ethical approaches?

Accepted Answer

A)  Naive immoralist 
B)  Kantian ethics 
C)  Righteous moralist 
D)  Noblesse oblige 
A)  Naive immoralist 
B)  Kantian ethics 
C)  Righteous moralist 
D)  Noblesse oblige

Question 16

Why are expatriate managers at a greater risk of violating their personal code of ethics?

Accepted Answer

Expatriate managers may experience more

Question 17

Straw men approaches to business ethics offer appropriate guidelines for ethical decision making in a multinational enterprise.

Accepted Answer

A) True 
 B)False

Question 18

Child labor is permitted and widely employed in Country X. A multinational company entering Country X decides to employ minors in its subsidiary, even though it is against the multinational's home-country ethics. Which of the following approaches to business ethics would justify the actions of the multinational company?

Accepted Answer

A)  Righteous moralist 
B)  Cultural relativism 
C)  The justice theory 
D)  The rights theory 
A)  Righteous moralist 
B)  Cultural relativism 
C)  The justice theory 
D)  The rights theory

Question 19

An American firm that sets up production units in China is accused of releasing untreated chemical waste into water bodies. The manager of the firm defends the firm stating that, factories in China set up by French and British firms also release untreated chemical waste into water bodies. In this example, the manager is using the utilitarian approach to business ethics.

Accepted Answer

A) True 
 B)False

Question 20

In your opinion, are bribes ever acceptable? Why or why not?

Accepted Answer

This question is designed to allow the s

According to the cultural relativism point-of-view, a firm should adopt the ethics of the culture in which it is operating.

Rights theories recognize that human rights and privileges are culturally determined and vary from country to country.

Which of the following is NOT an example of internal stakeholders?

Noblesse oblige refers to payments that ensure receiving the standard treatment that a business ought to receive from a foreign government.

What are business ethics? What is the relationship between business ethics and an ethical strategy?

According to John Rawls:

In a business setting, noblesse oblige is taken to mean benevolent behavior that is the responsibility of successful enterprises.

Most moral philosophers see value in utilitarian and Kantian approaches to business ethics.

Facilitating payments are:

According to John Rawls's difference principle,

Discuss the utilitarian approach to business ethics. When was this approach developed? What are its drawbacks?

Which of the following enables managers to walk away from a decision that is profitable, but unethical?

Facilitating payments are also known as speed money or grease payments.

External stakeholders:

Why are expatriate managers at a greater risk of violating their personal code of ethics?

Straw men approaches to business ethics offer appropriate guidelines for ethical decision making in a multinational enterprise.

In your opinion, are bribes ever acceptable? Why or why not?

Globalization

National Differences in Political Economy

Political Economy and Economic Development

Differences in Culture

International Trade Theory

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Exporting, Importing, and Countertrade

Global Production, Outsourcing, and Logistics

Global Marketing and RD

Global Human Resource Management

Accounting and Finance in the International Business

Filters

Exam 5: Ethics in International Business

According to the cultural relativism point-of-view, a firm should adopt the ethics of the culture in which it is operating.

Rights theories recognize that human rights and privileges are culturally determined and vary from country to country.

Which of the following is NOT an example of internal stakeholders?

Noblesse oblige refers to payments that ensure receiving the standard treatment that a business ought to receive from a foreign government.

What are business ethics? What is the relationship between business ethics and an ethical strategy?

According to John Rawls:

In a business setting, noblesse oblige is taken to mean benevolent behavior that is the responsibility of successful enterprises.

Most moral philosophers see value in utilitarian and Kantian approaches to business ethics.

Facilitating payments are:

According to John Rawls's difference principle,

Discuss the utilitarian approach to business ethics. When was this approach developed? What are its drawbacks?

Which of the following enables managers to walk away from a decision that is profitable, but unethical?

Facilitating payments are also known as speed money or grease payments.

External stakeholders:

Why are expatriate managers at a greater risk of violating their personal code of ethics?

Straw men approaches to business ethics offer appropriate guidelines for ethical decision making in a multinational enterprise.

In your opinion, are bribes ever acceptable? Why or why not?

Globalization

National Differences in Political Economy

Political Economy and Economic Development

Differences in Culture

International Trade Theory

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Exporting, Importing, and Countertrade

Global Production, Outsourcing, and Logistics

Global Marketing and RD

Global Human Resource Management

Accounting and Finance in the International Business

Filters