Exam 10: Globalization of Ethical Decision Making

The _____ formed in 1995 and administers its own trade agreements, facilitates future trade negotiations, settles trade disputes, and monitors the trade policies of member nations

What is a living wage?

What is a major role of the International Monetary Fund (IMF)?

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

What is the AACSB?

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

The benefit of healthcare is being debated as to whether it is a right or privilege. Which of the following countries does not consider health care to be a right?

How can differences in two countries' cultures create ethical issues in business?

Which of the following has the power to enact legally binding ground rules for international commerce and trade policy?

_____ identified four cultural dimensions that can have a profound impact on the business environment: individualism/collectivism, power distance, uncertainty avoidance, and masculinity/femininity.

Discuss the ethical issues associated with multinational corporations.

Those who ascribe to consumerism

Power distance dimension refers to the "power inequality" between superiors and subordinates. Which of the following countries probably ranks high on the power distance scale?

_____ 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 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

What concept refers to economic theories advocating the creation of a society where wealth and power are distributed evenly, relative to the amount of work expended in production?

These values were developed by a reverend and the UN Secretary General. They express support for universal human rights.

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

Which of the following is not an article in the UN Human Rights Declaration?