Question 1

GE's Ecomagination program has enabled the firm to develop a competitive advantage over its competitors.

Accepted Answer

A) True 
 B)False

Question 2

Under the practice of extraterritoriality,legal and ethical values in a country may cause its companies to operate abroad according to home country laws rather than host country laws.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following statements about GE and its "Green is Green" movement is true?

Accepted Answer

A)  GE is responding in part to the fact that it is operating in many countries which require compliance with higher environmental standards than exist in the United States. 
B)  GE has decided to develop new products that are environmentally friendly rather than adopt internal policies to reduce greenhouse gas emissions. 
C)  GE has moved aggressively to reduce greenhouse gas usage internally but has not been able to develop commercially viable "clean" technologies. 
D)  GE considered joining the U.S. Climate Action Partnership but decided the group was too radical in its approach to reducing greenhouse gas emissions. 
A)  GE is responding in part to the fact that it is operating in many countries which require compliance with higher environmental standards than exist in the United States. 
B)  GE has decided to develop new products that are environmentally friendly rather than adopt internal policies to reduce greenhouse gas emissions. 
C)  GE has moved aggressively to reduce greenhouse gas usage internally but has not been able to develop commercially viable "clean" technologies. 
D)  GE considered joining the U.S. Climate Action Partnership but decided the group was too radical in its approach to reducing greenhouse gas emissions.

Question 4

U.S.MNEs that operate in Europe are under pressure to conform to the emissions standards of the Kyoto Protocol.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is NOT a likely reason for companies to act more ethically?

Accepted Answer

A)  Consumer boycotts may result from unethical corporate behavior. 
B)  Irresponsible and unethical actions may lead to legal problems for MNEs. 
C)  Unethical or irresponsible behavior can negatively impact employee morale. 
D)  The U.N. Global Compact enforces fines on global firms that fail to act ethically. 
A)  Consumer boycotts may result from unethical corporate behavior. 
B)  Irresponsible and unethical actions may lead to legal problems for MNEs. 
C)  Unethical or irresponsible behavior can negatively impact employee morale. 
D)  The U.N. Global Compact enforces fines on global firms that fail to act ethically.

Question 6

According to the Ethical Trading Initiative (ETI),________.

Accepted Answer

A)  child labor cannot be used unless there are no suitable alternatives 
B)  employment need not be freely chosen in order to be acceptable 
C)  no harsh or inhumane treatment of workers should be allowed 
D)  MNEs are not responsible for establishing codes of conduct 
A)  child labor cannot be used unless there are no suitable alternatives 
B)  employment need not be freely chosen in order to be acceptable 
C)  no harsh or inhumane treatment of workers should be allowed 
D)  MNEs are not responsible for establishing codes of conduct

Question 7

Which of the following statements describes an inconsistency of the FCPA?

Accepted Answer

A)  Facilitation payments are classified as bribery. 
B)  Facilitation payments are excluded from the FCPA's definition of bribery. 
C)  Payments to officials who are not directly responsible for carrying out the law are legal. 
D)  Payments to foreign officials who carry out the law are considered illegal by provisions of the FCPA. 
A)  Facilitation payments are classified as bribery. 
B)  Facilitation payments are excluded from the FCPA's definition of bribery. 
C)  Payments to officials who are not directly responsible for carrying out the law are legal. 
D)  Payments to foreign officials who carry out the law are considered illegal by provisions of the FCPA.

Question 8

Which stakeholders must companies satisfy? What role should stakeholders play in a firm's internal code of conduct?

Accepted Answer

Stakeholders include stockholders,employ

Question 9

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

Accepted Answer

A)  utilitarianism 
B)  extraterritoriality 
C)  absolute advantage 
D)  relative advantage 
A)  utilitarianism 
B)  extraterritoriality 
C)  absolute advantage 
D)  relative advantage

Question 10

Governmental agencies and nongovernmental organizations monitor the behavior of companies and their employees to ensure that laws are being followed.

Accepted Answer

A) True 
 B)False

Question 11

What is the primary concern regarding anti-corruption measures in the EU?

Accepted Answer

A)  resistance to an official anti-fraud commission 
B)  inability to adopt a corruption definition 
C)  lack of uniform laws across nations 
D)  failure to conduct internal auditing 
A)  resistance to an official anti-fraud commission 
B)  inability to adopt a corruption definition 
C)  lack of uniform laws across nations 
D)  failure to conduct internal auditing

Question 12

Which of the following has been the primary reason for the recent growth of India's pharmaceutical industry?

Accepted Answer

A)  globalized supply chains 
B)  tiered pricing guidelines 
C)  patent-protection laws 
D)  foreign investors 
A)  globalized supply chains 
B)  tiered pricing guidelines 
C)  patent-protection laws 
D)  foreign investors

Question 13

The law is often based on imprecisely defined moral concepts that cannot be separated from legal concepts.

Accepted Answer

A) True 
 B)False

Question 14

According to the teleological approach,individuals base moral decisions on ________.

Accepted Answer

A)  personal and social responsibilities 
B)  consequences of an action 
C)  cultural value systems 
D)  opinions of peers 
A)  personal and social responsibilities 
B)  consequences of an action 
C)  cultural value systems 
D)  opinions of peers

Question 15

Which of the following best explains Nike's quick response to criticism of unfair employment practices in developing countries?

Accepted Answer

A)  retaining employees 
B)  improving public relations 
C)  addressing product safety concerns 
D)  cutting costs in order to improve profits 
A)  retaining employees 
B)  improving public relations 
C)  addressing product safety concerns 
D)  cutting costs in order to improve profits

Question 16

Which stakeholder group is most interested in trustworthy behavior by corporate executives and increased corporate taxes?

Accepted Answer

A)  shareholders 
B)  society 
C)  employees 
D)  customers 
A)  shareholders 
B)  society 
C)  employees 
D)  customers

Question 17

The U.N.Global Compact is a legally binding document that requires MNEs to establish codes of conduct.

Accepted Answer

A) True 
 B)False

Question 18

The WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS)

Accepted Answer

A)  allows rich countries to produce generic versions of patented drugs without having to pay royalties to the patent holder 
B)  permits developing countries to import generic products from other countries if they don't have the capacity to produce generic drugs 
C)  requires pharmaceutical companies to provide low-cost vaccines and HIV/AIDS medications to developing countries 
D)  requires tiered pricing for most essential drugs 
A)  allows rich countries to produce generic versions of patented drugs without having to pay royalties to the patent holder 
B)  permits developing countries to import generic products from other countries if they don't have the capacity to produce generic drugs 
C)  requires pharmaceutical companies to provide low-cost vaccines and HIV/AIDS medications to developing countries 
D)  requires tiered pricing for most essential drugs

Question 19

The creation of a code of conduct includes steps such as establishing a global policy,communicating the code to employees,ensuring that the policies are followed,and reporting results to external stakeholders.

Accepted Answer

A) True 
 B)False

Question 20

The Ethical Trading Initiative (ETI)is primarily focused on ________.

Accepted Answer

A)  fair trade laws for undeveloped countries 
B)  tiered pricing by pharmaceutical firms 
C)  greenhouse gas emission reduction 
D)  employment practices of MNEs 
A)  fair trade laws for undeveloped countries 
B)  tiered pricing by pharmaceutical firms 
C)  greenhouse gas emission reduction 
D)  employment practices of MNEs

GE's Ecomagination program has enabled the firm to develop a competitive advantage over its competitors.

Under the practice of extraterritoriality,legal and ethical values in a country may cause its companies to operate abroad according to home country laws rather than host country laws.

Which of the following statements about GE and its "Green is Green" movement is true?

U.S.MNEs that operate in Europe are under pressure to conform to the emissions standards of the Kyoto Protocol.

Which of the following is NOT a likely reason for companies to act more ethically?

According to the Ethical Trading Initiative (ETI),________.

Which of the following statements describes an inconsistency of the FCPA?

Which stakeholders must companies satisfy? What role should stakeholders play in a firm's internal code of conduct?

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

Governmental agencies and nongovernmental organizations monitor the behavior of companies and their employees to ensure that laws are being followed.

What is the primary concern regarding anti-corruption measures in the EU?

Which of the following has been the primary reason for the recent growth of India's pharmaceutical industry?

The law is often based on imprecisely defined moral concepts that cannot be separated from legal concepts.

According to the teleological approach,individuals base moral decisions on ________.

Which of the following best explains Nike's quick response to criticism of unfair employment practices in developing countries?

Which stakeholder group is most interested in trustworthy behavior by corporate executives and increased corporate taxes?

The U.N.Global Compact is a legally binding document that requires MNEs to establish codes of conduct.

The WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS)

The creation of a code of conduct includes steps such as establishing a global policy,communicating the code to employees,ensuring that the policies are followed,and reporting results to external stakeholders.

The Ethical Trading Initiative (ETI)is primarily focused on ________.

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

GE's Ecomagination program has enabled the firm to develop a competitive advantage over its competitors.

Under the practice of extraterritoriality,legal and ethical values in a country may cause its companies to operate abroad according to home country laws rather than host country laws.

Which of the following statements about GE and its "Green is Green" movement is true?

U.S.MNEs that operate in Europe are under pressure to conform to the emissions standards of the Kyoto Protocol.

Which of the following is NOT a likely reason for companies to act more ethically?

According to the Ethical Trading Initiative (ETI),________.

Which of the following statements describes an inconsistency of the FCPA?

Which stakeholders must companies satisfy? What role should stakeholders play in a firm's internal code of conduct?

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

Governmental agencies and nongovernmental organizations monitor the behavior of companies and their employees to ensure that laws are being followed.

What is the primary concern regarding anti-corruption measures in the EU?

Which of the following has been the primary reason for the recent growth of India's pharmaceutical industry?

The law is often based on imprecisely defined moral concepts that cannot be separated from legal concepts.

According to the teleological approach,individuals base moral decisions on ________.

Which of the following best explains Nike's quick response to criticism of unfair employment practices in developing countries?

Which stakeholder group is most interested in trustworthy behavior by corporate executives and increased corporate taxes?

The U.N.Global Compact is a legally binding document that requires MNEs to establish codes of conduct.

The WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS)

The creation of a code of conduct includes steps such as establishing a global policy,communicating the code to employees,ensuring that the policies are followed,and reporting results to external stakeholders.

The Ethical Trading Initiative (ETI)is primarily focused on ________.

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