Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

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 3

What is the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions?

Accepted Answer

In 1997,the OECD adopted the Convention

Question 4

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.

Accepted Answer

A) True 
 B)False

Question 5

How can companies strengthen the moral courage of employees?

Accepted Answer

Companies can strengthen the moral coura

Question 6

The Convention on Combating Bribery of Foreign Public Officials in International Business Transactions excludes:

Accepted Answer

A)  bribes made to secure contracts that would otherwise not be secured. 
B)  grease payments to gain exclusive preferential treatment. 
C)  facilitating payments made to expedite routine government action. 
D)  payments to government officials for special privileges. 
A)  bribes made to secure contracts that would otherwise not be secured. 
B)  grease payments to gain exclusive preferential treatment. 
C)  facilitating payments made to expedite routine government action. 
D)  payments to government officials for special privileges.

Question 7

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 8

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

Accepted Answer

A) True 
 B)False

Question 9

Ethical strategies are the accepted principles of right or wrong governing the conduct of businesspeople.

Accepted Answer

A) True 
 B)False

Question 10

The _____ occurs when a resource is shared by all,but owned by no one,is overused by individuals,resulting in its degradation.

Accepted Answer

A)  Friedman effect 
B)  noblesse oblige 
C)  inequity aversion 
D)  tragedy of the commons 
A)  Friedman effect 
B)  noblesse oblige 
C)  inequity aversion 
D)  tragedy of the commons

Question 11

Cultural relativism suggests that even if slavery is culturally acceptable in a country,a foreign firm operating in that country should avoid using slave labor.

Accepted Answer

A) True 
 B)False

Question 12

Discuss the cultural relativism approach to business ethics.What is the connection between this approach and the phrase "When in Rome do as the Romans"? How well does this approach hold up ethically?

Accepted Answer

The cultural relativism approach is the

Question 13

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 14

What are the ways in which international business and its managers can ensure that ethical issues are considered in business decisions?

Accepted Answer

An international business and its manage

Question 15

Rawls' philosophy that inequalities are justified if they benefit the position of the least-advantaged person is known as the:

Accepted Answer

A)  inequality principle. 
B)  equity principle. 
C)  difference principle. 
D)  ignorance veil principle. 
A)  inequality principle. 
B)  equity principle. 
C)  difference principle. 
D)  ignorance veil principle.

Question 16

The righteous moralist suggests that:

Accepted Answer

A)  ethics are nothing more than the reflection of culture. 
B)  a multinational's home-country standards of ethics are the appropriate ones for companies to follow in foreign countries. 
C)  the social responsibility of business is to increase profits,so long as the company stays within the rules of law. 
D)  if a manager of a multinational sees that firms from other nations are not following ethical norms in a host nation,that manager should not either. 
A)  ethics are nothing more than the reflection of culture. 
B)  a multinational's home-country standards of ethics are the appropriate ones for companies to follow in foreign countries. 
C)  the social responsibility of business is to increase profits,so long as the company stays within the rules of law. 
D)  if a manager of a multinational sees that firms from other nations are not following ethical norms in a host nation,that manager should not either.

Question 17

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

Accepted Answer

This question is designed to stimulate c

Question 18

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

Accepted Answer

Business ethics are the accepted princip

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

Discuss the naive immoralist's approach to business ethics.What are the criticisms of this approach?

Accepted Answer

The naive immoralist asserts that if a m

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

What is the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions?

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.

How can companies strengthen the moral courage of employees?

The Convention on Combating Bribery of Foreign Public Officials in International Business Transactions excludes:

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

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

Ethical strategies are the accepted principles of right or wrong governing the conduct of businesspeople.

The _____ occurs when a resource is shared by all,but owned by no one,is overused by individuals,resulting in its degradation.

Cultural relativism suggests that even if slavery is culturally acceptable in a country,a foreign firm operating in that country should avoid using slave labor.

Discuss the cultural relativism approach to business ethics.What is the connection between this approach and the phrase "When in Rome do as the Romans"? How well does this approach hold up ethically?

External stakeholders:

What are the ways in which international business and its managers can ensure that ethical issues are considered in business decisions?

Rawls' philosophy that inequalities are justified if they benefit the position of the least-advantaged person is known as the:

The righteous moralist suggests that:

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

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

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

Discuss the naive immoralist's approach to business ethics.What are the criticisms of this approach?

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

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

What is the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions?

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.

How can companies strengthen the moral courage of employees?

The Convention on Combating Bribery of Foreign Public Officials in International Business Transactions excludes:

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

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

Ethical strategies are the accepted principles of right or wrong governing the conduct of businesspeople.

The _____ occurs when a resource is shared by all,but owned by no one,is overused by individuals,resulting in its degradation.

Cultural relativism suggests that even if slavery is culturally acceptable in a country,a foreign firm operating in that country should avoid using slave labor.

Discuss the cultural relativism approach to business ethics.What is the connection between this approach and the phrase "When in Rome do as the Romans"? How well does this approach hold up ethically?

External stakeholders:

What are the ways in which international business and its managers can ensure that ethical issues are considered in business decisions?

Rawls' philosophy that inequalities are justified if they benefit the position of the least-advantaged person is known as the:

The righteous moralist suggests that:

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

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

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

Discuss the naive immoralist's approach to business ethics.What are the criticisms of this approach?

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