Exam 7: Corruption and Ethics in Global Business

Scenario - GCD Industries GCD Industries is a multinational organization that produces heavy equipment.  It supplies many foreign nations with the necessary equipment to conduct reconstruction after natural disasters.  One of the company's largest sales resulted from the devastation that occurred in Japan after the tsunami hit that nation.  GCD is committed to helping nations recover from destruction brought about by natural phenomenon. GCD prides itself on conducting its business in an honest and ethical manner.  It does not wish to deal with countries that engage in corrupt business practices, but realizes that all nations have differing business practices.  When the need arises for its products, this company strives to impart integrity into all of its business deals with foreign nations regardless of that nation's accepted practices. GCD Industries employs a set of internal controls within its operations to help ensure ethical behavior and to help prevent financial impropriety.  Which one of the following is least likely to be used as an internal control by this company?    

Asking oneself "Would I want others to treat me this way?" is an application of the principle of _____.

The Foreign _______ Practices Act is a U.S. federal law that consists of two parts: an anti-bribery provision and a requirement to maintain an adequate internal control system over financial books and records

A person of integrity has two essential characteristics: (1)knowledge about what morally constitutes the right thing to do and (2)_____.

A type of fraud, in which money received from later investors is used to provide returns to earlier investors, thus giving an appearance of a profitable investment is called a ______ scheme.

The global slave trade that exists today is referred to as human trafficking.