Question 1

The requirement by the U.S.government that its subsidiaries abroad comply with trade restrictions with Cuba is an example of externalities.

Accepted Answer

A) True 
 B)False  False

Question 2

Which stakeholder group primarily wants additional sales and increased productivity?

Accepted Answer

A)  customers 
B)  shareholders 
C)  society at large 
D)  government 
A)  customers 
B)  shareholders 
C)  society at large 
D)  government B

Question 3

The 1997 Kyoto Protocol is best described as an agreement that requires ________.

Accepted Answer

A)  all members of the United Nations to reduce their greenhouse gas emissions by 5.2 percent 
B)  the United States and Japan to control greenhouse gas emissions by 8% below 1995 levels 
C)  the signatory countries to cut greenhouse gas emissions to 5.2 percent below 1990 levels 
D)  the signatory countries to reduce greenhouse gas emissions by 80% by 2050 
A)  all members of the United Nations to reduce their greenhouse gas emissions by 5.2 percent 
B)  the United States and Japan to control greenhouse gas emissions by 8% below 1995 levels 
C)  the signatory countries to cut greenhouse gas emissions to 5.2 percent below 1990 levels 
D)  the signatory countries to reduce greenhouse gas emissions by 80% by 2050 C

Question 4

Meeting the needs of the present without compromising the ability of future generations to meet their own needs is known as ________.

Accepted Answer

A)  competitive advantage 
B)  the Kyoto Protocol 
C)  sustainability 
D)  externality 
A)  competitive advantage 
B)  the Kyoto Protocol 
C)  sustainability 
D)  externality

Question 5

A manager practicing relativism would most likely ________.

Accepted Answer

A)  adapt to local conditions instead of implementing home-country practices 
B)  enforce home-country laws on host-country employees and suppliers 
C)  refuse to change company policies and procedures to comply with local norms 
D)  apply universal laws to each country despite local customs and traditions 
A)  adapt to local conditions instead of implementing home-country practices 
B)  enforce home-country laws on host-country employees and suppliers 
C)  refuse to change company policies and procedures to comply with local norms 
D)  apply universal laws to each country despite local customs and traditions

Question 6

Pursuing responsible behavior for strategic and financial success is an example of relative behavior.

Accepted Answer

A) True 
 B)False

Question 7

HIV/AIDS is affecting the operations of Anglo American PLC by forcing the company to invest outside of South Africa to avoid having to deal with workforce health issues.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is a primary business objective for pursuing ethical behavior?

Accepted Answer

A)  replacing home-country technology with host-country technology 
B)  minimizing federal investigations into corporate finances 
C)  avoiding being perceived as a socially irresponsible firm 
D)  imposing home-country behavior on the host country 
A)  replacing home-country technology with host-country technology 
B)  minimizing federal investigations into corporate finances 
C)  avoiding being perceived as a socially irresponsible firm 
D)  imposing home-country behavior on the host country

Question 9

)What types of payments are legal and illegal under the Foreign Corrupt Practices Act (FCPA)of the United States? Provide an example.

Accepted Answer

Payments to officials to expedite otherw

Question 10

Which of the following is an example of extraterritoriality?

Accepted Answer

A)  a U.S. subsidiary operating in China that is forced to follow some U.S. laws, even though China has no comparable laws 
B)  a U.S. sweatshop operating in Thailand that does not follow U.S. labor laws but allows children to work 60 hours a week 
C)  an MNE manager who, after working in the host country, tries to implement foreign practices in the home-country office 
D)  a British subsidiary operating in Indonesia that maintains the same health and safety standards for its foreign factories that are required in Great Britain, even though the British government does not require it to use those standards 
A)  a U.S. subsidiary operating in China that is forced to follow some U.S. laws, even though China has no comparable laws 
B)  a U.S. sweatshop operating in Thailand that does not follow U.S. labor laws but allows children to work 60 hours a week 
C)  an MNE manager who, after working in the host country, tries to implement foreign practices in the home-country office 
D)  a British subsidiary operating in Indonesia that maintains the same health and safety standards for its foreign factories that are required in Great Britain, even though the British government does not require it to use those standards

Question 11

What is extraterritoriality? Why is the concept controversial?

Accepted Answer

Extraterritoriality takes place when gov

Question 12

How has the Kyoto Protocol affected U.S.companies operating in Europe?

Accepted Answer

A)  U.S. companies are changing the way they do business in order to comply with new emissions standards in Europe. 
B)  The Kyoto Protocol has not affected U.S. companies with subsidiaries in Europe because the U.S. has not signed the Kyoto Protocol. 
C)  Before U.S. companies can open any more European subsidiaries, the U.S. government must sign the Kyoto Protocol. 
D)  Because the United States is not a party to the Kyoto Protocol, U.S. companies may not operate in European countries that have signed the Kyoto Protocol. 
A)  U.S. companies are changing the way they do business in order to comply with new emissions standards in Europe. 
B)  The Kyoto Protocol has not affected U.S. companies with subsidiaries in Europe because the U.S. has not signed the Kyoto Protocol. 
C)  Before U.S. companies can open any more European subsidiaries, the U.S. government must sign the Kyoto Protocol. 
D)  Because the United States is not a party to the Kyoto Protocol, U.S. companies may not operate in European countries that have signed the Kyoto Protocol.

Question 13

What ethical and labor-related issues are a major challenge to footwear and clothing MNEs that operate in developing countries? What guidelines are provided by the Ethical Trading Initiative?

Accepted Answer

The many labor issues that companies mus

Question 14

Quantum Footwear is an MNE that manufactures inexpensive shoes.Quantum outsources portions of its production to independent companies located in Bangladesh and India where child labor is common.Other clothing and footwear firms have recently faced criticism regarding the use of child labor,and Quantum executives want to avoid similar problems.Which of the following guidelines enforced by Quantum would LEAST likely be supported by the International Labor Organization?

Accepted Answer

A)  establishing bridge schools 
B)  monitoring workplace safety 
C)  allowing children ages 10-15 to work a maximum of 4 hours per day 
D)  prohibiting abusive labor conditions 
A)  establishing bridge schools 
B)  monitoring workplace safety 
C)  allowing children ages 10-15 to work a maximum of 4 hours per day 
D)  prohibiting abusive labor conditions

Question 15

An important business objective for pursuing ethical behavior is to create a better relationship with corrupt politicians and customers.

Accepted Answer

A) True 
 B)False

Question 16

An internal code of conduct is a set of guidelines,recommendations,and rules issued by entities within society but outside the firm with the intent of affecting the behavior of international business entities in order to enhance corporate responsibility.

Accepted Answer

A) True 
 B)False

Question 17

Which of the labor issues identified by the Ethical Trading Initiative (ETI)receives the most attention?

Accepted Answer

A)  safe and hygienic working conditions 
B)  reasonable living wages 
C)  inhumane treatment 
D)  child labor 
A)  safe and hygienic working conditions 
B)  reasonable living wages 
C)  inhumane treatment 
D)  child labor

Question 18

Relativism is the theory that ethical truths depend on the values of the groups holding them; thus,MNEs should adhere to or adopt the cultures of the countries in which they are located.

Accepted Answer

A) True 
 B)False

Question 19

The OECD Convention against bribery is an example of a(n)________.

Accepted Answer

A)  bilateral agreement developed for the EU 
B)  agreement that targets the demand side of bribery 
C)  agreement that targets the supply side of bribery 
D)  UN Convention dominated by developing countries 
A)  bilateral agreement developed for the EU 
B)  agreement that targets the demand side of bribery 
C)  agreement that targets the supply side of bribery 
D)  UN Convention dominated by developing countries

Question 20

Explain why the argument that "anything that is legal is ethical" is insufficient.

Accepted Answer

a.The law is not appropriate for regulat

The requirement by the U.S.government that its subsidiaries abroad comply with trade restrictions with Cuba is an example of externalities.

Which stakeholder group primarily wants additional sales and increased productivity?

The 1997 Kyoto Protocol is best described as an agreement that requires ________.

Meeting the needs of the present without compromising the ability of future generations to meet their own needs is known as ________.

A manager practicing relativism would most likely ________.

Pursuing responsible behavior for strategic and financial success is an example of relative behavior.

HIV/AIDS is affecting the operations of Anglo American PLC by forcing the company to invest outside of South Africa to avoid having to deal with workforce health issues.

Which of the following is a primary business objective for pursuing ethical behavior?

)What types of payments are legal and illegal under the Foreign Corrupt Practices Act (FCPA)of the United States? Provide an example.

Which of the following is an example of extraterritoriality?

What is extraterritoriality? Why is the concept controversial?

How has the Kyoto Protocol affected U.S.companies operating in Europe?

What ethical and labor-related issues are a major challenge to footwear and clothing MNEs that operate in developing countries? What guidelines are provided by the Ethical Trading Initiative?

An important business objective for pursuing ethical behavior is to create a better relationship with corrupt politicians and customers.

An internal code of conduct is a set of guidelines,recommendations,and rules issued by entities within society but outside the firm with the intent of affecting the behavior of international business entities in order to enhance corporate responsibility.

Which of the labor issues identified by the Ethical Trading Initiative (ETI)receives the most attention?

Relativism is the theory that ethical truths depend on the values of the groups holding them; thus,MNEs should adhere to or adopt the cultures of the countries in which they are located.

The OECD Convention against bribery is an example of a(n)________.

Explain why the argument that "anything that is legal is ethical" is insufficient.

Globalization and International Business

The Cultural Environments Facing Business

The Political and Legal Environments Facing Business

The Economic Environments Facing Businesses

International Trade and Factor-Mobility Theory

Governmental Influence on Trade

Cross-National Cooperation and Agreements

Global Foreign-Exchange Markets

The Determination of Exchange Rates

Global Capital Markets

The Strategy of International Business

Country Evaluation and Selection

Export and Import

Direct Investment and Collaborative Strategies

The Organization of International Business

Marketing Globally

Global Manufacturing and Supply-Chain Management

International Accounting and Finance Issues

International Human Resource Management

Filters

Exam 11: Globalization and Society

The requirement by the U.S.government that its subsidiaries abroad comply with trade restrictions with Cuba is an example of externalities.

Which stakeholder group primarily wants additional sales and increased productivity?

The 1997 Kyoto Protocol is best described as an agreement that requires ________.

Meeting the needs of the present without compromising the ability of future generations to meet their own needs is known as ________.

A manager practicing relativism would most likely ________.

Pursuing responsible behavior for strategic and financial success is an example of relative behavior.

HIV/AIDS is affecting the operations of Anglo American PLC by forcing the company to invest outside of South Africa to avoid having to deal with workforce health issues.

Which of the following is a primary business objective for pursuing ethical behavior?

)What types of payments are legal and illegal under the Foreign Corrupt Practices Act (FCPA)of the United States? Provide an example.

Which of the following is an example of extraterritoriality?

What is extraterritoriality? Why is the concept controversial?

How has the Kyoto Protocol affected U.S.companies operating in Europe?

What ethical and labor-related issues are a major challenge to footwear and clothing MNEs that operate in developing countries? What guidelines are provided by the Ethical Trading Initiative?

An important business objective for pursuing ethical behavior is to create a better relationship with corrupt politicians and customers.

An internal code of conduct is a set of guidelines,recommendations,and rules issued by entities within society but outside the firm with the intent of affecting the behavior of international business entities in order to enhance corporate responsibility.

Which of the labor issues identified by the Ethical Trading Initiative (ETI)receives the most attention?

Relativism is the theory that ethical truths depend on the values of the groups holding them; thus,MNEs should adhere to or adopt the cultures of the countries in which they are located.

The OECD Convention against bribery is an example of a(n)________.

Explain why the argument that "anything that is legal is ethical" is insufficient.

Globalization and International Business

The Cultural Environments Facing Business

The Political and Legal Environments Facing Business

The Economic Environments Facing Businesses

International Trade and Factor-Mobility Theory

Governmental Influence on Trade

Cross-National Cooperation and Agreements

Global Foreign-Exchange Markets

The Determination of Exchange Rates

Global Capital Markets

The Strategy of International Business

Country Evaluation and Selection

Export and Import

Direct Investment and Collaborative Strategies

The Organization of International Business

Marketing Globally

Global Manufacturing and Supply-Chain Management

International Accounting and Finance Issues

International Human Resource Management

Filters