Exam 5: Globalization and Society

The teleological approach asserts that individuals make moral judgments independent of consequences.

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

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

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

According to utilitarianism,actions are moral if they produce the greatest amount of good for the greatest number of people.

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.

How have sustainability demands and the Kyoto Protocol affected international business? Discuss the controversies surrounding each.

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

The WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS)permits developing countries to import generic products from other countries if they don't have the capacity to produce generic drugs.

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

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?

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.

Which of the following best supports the idea that MNEs should remain in countries that allow child labor?

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

What is the primary problem associated with Anglo American PLC's ART program?

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

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

The Foreign Corrupt Practices Act applies only to companies registered in the United States.

Studies indicate that employee morale is largely unaffected by a company's corporate behavior.

A guideline for responsible action by a firm in its operations worldwide is a(n)________.