Question 1

allows for private ownership of property and features a large government equipped to offer such services as education and health care to its citizens

Accepted Answer

A) Democracy 
B) Communism 
C) Socialism 
D) Capitalism 
E) Social democracy. 
A) Democracy 
B) Communism 
C) Socialism 
D) Capitalism 
E) Social democracy.

Question 2

Which of the following organizations emerged from the Bretton Woods agreement of 1944,where a group of international leaders decided that the primary responsibility for the regulation of monetary relationships among national economies should rest in an extra-national body?

Accepted Answer

A) International Monetary Fund 
B) United Nations 
C) World Trade Organization 
D) North American Free Trade Act 
E) European Union 
A) International Monetary Fund 
B) United Nations 
C) World Trade Organization 
D) North American Free Trade Act 
E) European Union

Question 3

Risk compartmentalization occurs when

Accepted Answer

A) companies place their most problematic employees into separate profit centers so that they cannot influence one another to act unethically. 
B) all profit centers within a corporation are aware of the code of ethics. 
C) all profit centers within an organization become aware of the consequences of competitors' actions. 
D) various profit centers within an organization become unaware of the consequences of their actions on the firm as a whole. 
E) ethics and compliance programs reduce the risk of misconduct. 
A) companies place their most problematic employees into separate profit centers so that they cannot influence one another to act unethically. 
B) all profit centers within a corporation are aware of the code of ethics. 
C) all profit centers within an organization become aware of the consequences of competitors' actions. 
D) various profit centers within an organization become unaware of the consequences of their actions on the firm as a whole. 
E) ethics and compliance programs reduce the risk of misconduct.

Question 4

Which of the following is not a criticism of or charge against multinational corporations (MNCs)?

Accepted Answer

A) They transfer jobs overseas,where wage rates are lower 
B) They increase the gap between rich and poor nations 
C) They pay excessively high taxes everywhere 
D) They exploit the labor markets of host countries 
E) They have an unfair advantage when competing with local businesses 
A) They transfer jobs overseas,where wage rates are lower 
B) They increase the gap between rich and poor nations 
C) They pay excessively high taxes everywhere 
D) They exploit the labor markets of host countries 
E) They have an unfair advantage when competing with local businesses

Question 5

is a term used by Adam Smith to explain the inherent mechanisms at work in free market systems that keep commerce in equilibrium.It is also known as the "invisible hand."

Accepted Answer

A) Consumerism 
B) Cultural relativism 
C) Social democracy 
D) Laissez-fair 
E) Bimodal wealth distribution 
A) Consumerism 
B) Cultural relativism 
C) Social democracy 
D) Laissez-fair 
E) Bimodal wealth distribution

Question 6

Which of the following is a measure taken by governments to curtail MNC practices that create ethical issues?

Accepted Answer

A) Levying import taxes to lower the prices MNCs charge for their products 
B) Halting the establishment of minimum wage laws 
C) Avoiding the United Nations' monitoring efforts 
D) Preventing the formation of labor unions 
E) Imposing export taxes to force MNCs to share more of their profits 
A) Levying import taxes to lower the prices MNCs charge for their products 
B) Halting the establishment of minimum wage laws 
C) Avoiding the United Nations' monitoring efforts 
D) Preventing the formation of labor unions 
E) Imposing export taxes to force MNCs to share more of their profits

Question 7

Who argued during the 1930s that the state could stimulate economic growth and improve stability in the private sector?

Accepted Answer

A) Adam Smith 
B) John Maynard Keynes 
C) Milton Friedman 
D) Herbert Hoover 
E) Geert Hofstede 
A) Adam Smith 
B) John Maynard Keynes 
C) Milton Friedman 
D) Herbert Hoover 
E) Geert Hofstede

Question 8

occurs when the middle class shrinks,resulting in highly concentrated wealth amongst the rich and a large number of poor people with very few resources.

Accepted Answer

A) Communism 
B) Socialism 
C) Bimodal wealth distribution 
D) A two-class social structure 
E) Laissez-faire capitalism 
A) Communism 
B) Socialism 
C) Bimodal wealth distribution 
D) A two-class social structure 
E) Laissez-faire capitalism

Question 9

products encourage consumers to return and buy more.This approach is also known as planned obsolescence.

Accepted Answer

A) Laissez-faire 
B) Dumping 
C) Collectivistic 
D) Made-to-break 
E) Multinational 
A) Laissez-faire 
B) Dumping 
C) Collectivistic 
D) Made-to-break 
E) Multinational

Question 10

Those who ascribe to consumerism

Accepted Answer

A) believe that consumers should purchase everything they can afford. 
B) do not believe in taxes on locally made products. 
C) believe that consumers should own the means of production. 
D) believe that consumers,not producers,should dictate the economic structure of a society. 
E) believe that corporations should have the freedom to do whatever they want. 
A) believe that consumers should purchase everything they can afford. 
B) do not believe in taxes on locally made products. 
C) believe that consumers should own the means of production. 
D) believe that consumers,not producers,should dictate the economic structure of a society. 
E) believe that corporations should have the freedom to do whatever they want.

Question 11

Which of the following statements about multinational corporations (MNCs)is false?

Accepted Answer

A) MNCs are corporate organizations that operate on a global scale without significant ties to any one nation or region. 
B) MNCs are inherently unethical and always do harm in the countries in which they operate. 
C) MNCs are characterized by a global strategy of focusing on opportunities throughout the world. 
D) Some MNCs are so large and powerful that their revenues are greater than the gross domestic products of many countries. 
E) Because of their size and power,MNCs have been the subject of much criticism and the source of a number of ethical issues. 
A) MNCs are corporate organizations that operate on a global scale without significant ties to any one nation or region. 
B) MNCs are inherently unethical and always do harm in the countries in which they operate. 
C) MNCs are characterized by a global strategy of focusing on opportunities throughout the world. 
D) Some MNCs are so large and powerful that their revenues are greater than the gross domestic products of many countries. 
E) Because of their size and power,MNCs have been the subject of much criticism and the source of a number of ethical issues.

Question 12

assumes that economic decisions are influenced by human behavior.

Accepted Answer

A) Rational economics 
B) Socialism 
C) Capitalism 
D) Rational capitalism 
E) Behavioral economics 
A) Rational economics 
B) Socialism 
C) Capitalism 
D) Rational capitalism 
E) Behavioral economics

Question 13

What is the AACSB?

Accepted Answer

A) A major international institution regulating banks around the world 
B) An accrediting institution for organizational ethics 
C) A non-political international governing body 
D) An international organization that promotes a set of principles promoting the teaching of responsible management in business schools 
E) A group that promotes sustainability and environmental awareness 
A) A major international institution regulating banks around the world 
B) An accrediting institution for organizational ethics 
C) A non-political international governing body 
D) An international organization that promotes a set of principles promoting the teaching of responsible management in business schools 
E) A group that promotes sustainability and environmental awareness

Question 14

Which of the following is not a key area of global ethical risk,as outlined by the Eurasia Group?

Accepted Answer

A) Political instability 
B) Strained relations with China 
C) Instability in emerging markets 
D) Unequal levels of child labor laws 
E) Outlook for Euro-zone countries remains weak 
A) Political instability 
B) Strained relations with China 
C) Instability in emerging markets 
D) Unequal levels of child labor laws 
E) Outlook for Euro-zone countries remains weak

Question 15

The practice of charging high prices for products sold in home markets while selling the same products in foreign markets at low prices,which do not cover the costs of exporting,is known as

Accepted Answer

A) price discrimination. 
B) price gouging. 
C) dumping. 
D) skimming. 
E) loading. 
A) price discrimination. 
B) price gouging. 
C) dumping. 
D) skimming. 
E) loading.

Question 16

Which two developing countries are expected to generate some of the largest increases in consumption in the future?

Accepted Answer

A) The United States and Russia 
B) Russia and China 
C) China and United States 
D) Brazil and Russia 
E) China and India 
A) The United States and Russia 
B) Russia and China 
C) China and United States 
D) Brazil and Russia 
E) China and India

Question 17

An unconscious reference to one's own cultural values,experiences,and knowledge is referred to as the

Accepted Answer

A) cultural reference criterion. 
B) unconscious cultural criterion. 
C) cultural-self criterion. 
D) self-reference criterion. 
E) unconscious cultural-self criterion. 
A) cultural reference criterion. 
B) unconscious cultural criterion. 
C) cultural-self criterion. 
D) self-reference criterion. 
E) unconscious cultural-self criterion.

Question 18

As business facilitates exchanges,consumption beyond basic needs will increase globally.The important issues related to consumerism include all but which of the following?

Accepted Answer

A) What are the impacts of production on the environment,on society,and on individuals? 
B) What are the impacts of certain forms of consumerism on the environment,on society,and on individuals? 
C) How much of what we deem necessary for consumption is influenced by corporations? 
D) What are necessities and what are luxuries? 
E) What are the impacts of poor countries' consumption patterns on wealthy countries? 
A) What are the impacts of production on the environment,on society,and on individuals? 
B) What are the impacts of certain forms of consumerism on the environment,on society,and on individuals? 
C) How much of what we deem necessary for consumption is influenced by corporations? 
D) What are necessities and what are luxuries? 
E) What are the impacts of poor countries' consumption patterns on wealthy countries?

Question 19

What is the purpose of the UN Global Compact?

Accepted Answer

A) To promote free trade around the world 
B) To support international banking institutions 
C) To uphold the principle of consumerism 
D) To provide legal representation to international corporations facing lawsuits 
E) To promote human rights,sustainability,and eradicate corruption 
A) To promote free trade around the world 
B) To support international banking institutions 
C) To uphold the principle of consumerism 
D) To provide legal representation to international corporations facing lawsuits 
E) To promote human rights,sustainability,and eradicate corruption

Question 20

What are the roles of the IMF and the WTO in encouraging,monitoring,and regulating international trade?

Accepted Answer

The IMF makes short-term loans to member

allows for private ownership of property and features a large government equipped to offer such services as education and health care to its citizens

Which of the following organizations emerged from the Bretton Woods agreement of 1944,where a group of international leaders decided that the primary responsibility for the regulation of monetary relationships among national economies should rest in an extra-national body?

Risk compartmentalization occurs when

Which of the following is not a criticism of or charge against multinational corporations (MNCs)?

is a term used by Adam Smith to explain the inherent mechanisms at work in free market systems that keep commerce in equilibrium.It is also known as the "invisible hand."

Which of the following is a measure taken by governments to curtail MNC practices that create ethical issues?

Who argued during the 1930s that the state could stimulate economic growth and improve stability in the private sector?

occurs when the middle class shrinks,resulting in highly concentrated wealth amongst the rich and a large number of poor people with very few resources.

products encourage consumers to return and buy more.This approach is also known as planned obsolescence.

Those who ascribe to consumerism

Which of the following statements about multinational corporations (MNCs)is false?

assumes that economic decisions are influenced by human behavior.

What is the AACSB?

Which of the following is not a key area of global ethical risk,as outlined by the Eurasia Group?

The practice of charging high prices for products sold in home markets while selling the same products in foreign markets at low prices,which do not cover the costs of exporting,is known as

Which two developing countries are expected to generate some of the largest increases in consumption in the future?

An unconscious reference to one's own cultural values,experiences,and knowledge is referred to as the

As business facilitates exchanges,consumption beyond basic needs will increase globally.The important issues related to consumerism include all but which of the following?

What is the purpose of the UN Global Compact?

What are the roles of the IMF and the WTO in encouraging,monitoring,and regulating international trade?

The Importance of Business Ethics

Stakeholder Relationships, Social Responsibility, and Corporate Governance

Emerging Business Ethics Issues

The Institutionalization of Business Ethics

Ethical Decision Making

Individual Factors: Moral Philosophies and Values

Organizational Factors: the Role of Ethical Culture and Relationships

Developing an Effective Ethics Program

Managing and Controlling Ethics Programs

Ethical Leadership

Sustainability: Ethical and Social Responsibility Dimensions

Exploring Business Ethics, Social Responsibility, and Compliance Programs

Filters

Exam 10: Globalization of Ethical Decision-Making

allows for private ownership of property and features a large government equipped to offer such services as education and health care to its citizens

Which of the following organizations emerged from the Bretton Woods agreement of 1944,where a group of international leaders decided that the primary responsibility for the regulation of monetary relationships among national economies should rest in an extra-national body?

Risk compartmentalization occurs when

Which of the following is not a criticism of or charge against multinational corporations (MNCs)?

is a term used by Adam Smith to explain the inherent mechanisms at work in free market systems that keep commerce in equilibrium.It is also known as the "invisible hand."

Which of the following is a measure taken by governments to curtail MNC practices that create ethical issues?

Who argued during the 1930s that the state could stimulate economic growth and improve stability in the private sector?

occurs when the middle class shrinks,resulting in highly concentrated wealth amongst the rich and a large number of poor people with very few resources.

products encourage consumers to return and buy more.This approach is also known as planned obsolescence.

Those who ascribe to consumerism

Which of the following statements about multinational corporations (MNCs)is false?

assumes that economic decisions are influenced by human behavior.

What is the AACSB?

Which of the following is not a key area of global ethical risk,as outlined by the Eurasia Group?

The practice of charging high prices for products sold in home markets while selling the same products in foreign markets at low prices,which do not cover the costs of exporting,is known as

Which two developing countries are expected to generate some of the largest increases in consumption in the future?

An unconscious reference to one's own cultural values,experiences,and knowledge is referred to as the

As business facilitates exchanges,consumption beyond basic needs will increase globally.The important issues related to consumerism include all but which of the following?

What is the purpose of the UN Global Compact?

What are the roles of the IMF and the WTO in encouraging,monitoring,and regulating international trade?

The Importance of Business Ethics

Stakeholder Relationships, Social Responsibility, and Corporate Governance

Emerging Business Ethics Issues

The Institutionalization of Business Ethics

Ethical Decision Making

Individual Factors: Moral Philosophies and Values

Organizational Factors: the Role of Ethical Culture and Relationships

Developing an Effective Ethics Program

Managing and Controlling Ethics Programs

Ethical Leadership

Sustainability: Ethical and Social Responsibility Dimensions

Exploring Business Ethics, Social Responsibility, and Compliance Programs

Filters