Exam 5: Ethics in International Business

Ethical dilemmas exist because many real-world decisions involve first-, second-, and third-order consequences that are hard to quantify.

Moral courage enables managers to walk away from a decision that is profitable but unethical.

Friedman's arguments suggest that improving working conditions beyond the level required by the law and necessary to maximize employee productivity will reduce profits and are therefore not appropriate.

The Foreign Corrupt Practices Act originally allowed "facilitating payments" to secure contracts that would not otherwise be secured.

Cultural relativism suggests that: