Question 1

Over one-half of the world's largest economies are not nation-states,but are MNCs.

Accepted Answer

A) True 
 B)False

Question 2

Payment of a bribe implies some type of

Accepted Answer

A) extortion. 
B) quid pro quo. 
C) gambling. 
D) physical harm to the payee. 
A) extortion. 
B) quid pro quo. 
C) gambling. 
D) physical harm to the payee.

Question 3

Utilize the knowledge you have gained to respond to the following essay questions.Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.
One reason that some observers give for the cause of the Union Carbide Bhopal incident is that the company was forced to take on local partners in the project,thus diluting Union Carbide's profit motive.Assuming this argument is valid,evaluate it from a deontological perspective.

Accepted Answer

Deontology says that one should determin

Question 4

Utilize the knowledge you have gained to respond to the following essay questions.Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.
Evaluate Nestlé's action in defining the issue and keeping the issue out of the limelight,in the infant formula case.

Accepted Answer

Obviously,they lost on all accounts of p

Question 5

One of the fortunate things about ethical issues in the global market is that they do not affect domestic operations.

Accepted Answer

A) True 
 B)False

Question 6

Most of the ethical problems that arise in international markets are very different than the moral issues encountered in their home countries.

Accepted Answer

A) True 
 B)False

Question 7

Economic integration of many formerly national economies into one worldwide economy is called

Accepted Answer

A) globalization. 
B) world-system theory. 
C) capitalization. 
D) material diversification. 
A) globalization. 
B) world-system theory. 
C) capitalization. 
D) material diversification.

Question 8

Globalization is expected to expand despite

Accepted Answer

A) the economic meltdown. 
B) deglobalization. 
C) positive views. 
D) executive opinion. 
A) the economic meltdown. 
B) deglobalization. 
C) positive views. 
D) executive opinion.

Question 9

The United States' global economic leadership is demonstrated by the fact that more than half of the world's largest MNCs are based in America.

Accepted Answer

A) True 
 B)False

Question 10

The process by which firms increase their awareness of the influence of international activities on their future and establish and conduct transactions with firms from other countries is known as

Accepted Answer

A) legitimization. 
B) internationalization. 
C) market awareness. 
D) multinationalism. 
A) legitimization. 
B) internationalization. 
C) market awareness. 
D) multinationalism.

Question 11

Two major issues involved in exploring global markets are the strategic alternatives used by MNCs and pursuit of developing Third World markets.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is not an SA8000 standard proposed to improve sweatshop conditions?

Accepted Answer

A) prohibition on employing workers under a certain age 
B) provision of a safe and healthy working environment 
C) provision of educational opportunities for workers 
D) prohibition of discriminatory practices 
A) prohibition on employing workers under a certain age 
B) provision of a safe and healthy working environment 
C) provision of educational opportunities for workers 
D) prohibition of discriminatory practices

Question 13

The ethics and global strategy plan for improving global business ethics has as its central idea

Accepted Answer

A) placing ethics ahead of profits as the number one priority. 
B) focusing on human rights rather than profits. 
C) employing only hypernorms for the MNC's ethical standards. 
D) utilizing ethical standards as significant inputs into top-level strategy formulation and implementation. 
A) placing ethics ahead of profits as the number one priority. 
B) focusing on human rights rather than profits. 
C) employing only hypernorms for the MNC's ethical standards. 
D) utilizing ethical standards as significant inputs into top-level strategy formulation and implementation.

Question 14

The FCPA has had a significant impact on the way American firms do business globally.

Accepted Answer

A) True 
 B)False

Question 15

An attempt to assess the underlying moral justifications for corporate actions and the consequent results of those actions are contained in

Accepted Answer

A) social audits. 
B) ethical impact statements. 
C) human rights statements. 
D) environmental impact statements. 
A) social audits. 
B) ethical impact statements. 
C) human rights statements. 
D) environmental impact statements.

Question 16

Utilize the knowledge you have gained to respond to the following essay questions.Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.
Transparency International has sought to fight world corruption.Reflect on the meaning of their five priorities and two principles.

Accepted Answer

TI has defined five priorities in its fi

Question 17

Provide a short answer to each of these questions.Be sure to fully explain your answer.
According to the textbook,Dow Chemical,which bought Union Carbide in 2001,is still subjected to claims by the survivors of the Bhopal disaster.Based on your understanding of the incident and its aftermath,determine whether or not Dow should continue to be liable to the victims of Bhopal.

Accepted Answer

Students may want to answer this questio

Question 18

Which of the following is not a feature of the global economy?

Accepted Answer

A) international movement of labor 
B) more trade in goods than in services 
C) international flow of capital 
D) international laws governing fair trade 
A) international movement of labor 
B) more trade in goods than in services 
C) international flow of capital 
D) international laws governing fair trade

Question 19

The main two factors of concern in management and control of global operations are

Accepted Answer

A) organizational structure/design and human resource management. 
B) tax laws and currency exchange rates. 
C) manufacturing processes and marketing plans. 
D) political parties and economic systems. 
A) organizational structure/design and human resource management. 
B) tax laws and currency exchange rates. 
C) manufacturing processes and marketing plans. 
D) political parties and economic systems.

Question 20

Cultural relativism is the best ethical guide for MNCs faced with a moral dilemma in its host country.

Accepted Answer

A) True 
 B)False

Over one-half of the world's largest economies are not nation-states,but are MNCs.

Payment of a bribe implies some type of

One of the fortunate things about ethical issues in the global market is that they do not affect domestic operations.

Most of the ethical problems that arise in international markets are very different than the moral issues encountered in their home countries.

Economic integration of many formerly national economies into one worldwide economy is called

Globalization is expected to expand despite

The United States' global economic leadership is demonstrated by the fact that more than half of the world's largest MNCs are based in America.

The process by which firms increase their awareness of the influence of international activities on their future and establish and conduct transactions with firms from other countries is known as

Two major issues involved in exploring global markets are the strategic alternatives used by MNCs and pursuit of developing Third World markets.

Which of the following is not an SA8000 standard proposed to improve sweatshop conditions?

The ethics and global strategy plan for improving global business ethics has as its central idea

The FCPA has had a significant impact on the way American firms do business globally.

An attempt to assess the underlying moral justifications for corporate actions and the consequent results of those actions are contained in

Which of the following is not a feature of the global economy?

The main two factors of concern in management and control of global operations are

Cultural relativism is the best ethical guide for MNCs faced with a moral dilemma in its host country.

The Business and Society Relationship

Corporate Citizenship: Social Responsibility, Responsiveness, and Performance

The Stakeholder Approach to Business, Society, and Ethics

Corporate Governance: Foundational Issues

Strategic Management and Corporate Public Affairs

Issues Management and Crisis Management

Business Ethics Fundamentals

Personal and Organizational Ethics

Business Ethics and Technology

Business,Government,and Regulation

Business Influence on Government and Public Policy

Consumer Stakeholders: Information Issues and Responses

Consumer Stakeholders: Product and Service Issues

The Natural Environment As Stakeholder

Business and Community Stakeholders

Employee Stakeholders and Workplace Issues

Employee Stakeholders: Privacy, safety, and Health

Employment Discrimination and Affirmative Action

Filters

Exam 10: Ethical Issues in the Global Arena

Over one-half of the world's largest economies are not nation-states,but are MNCs.

Payment of a bribe implies some type of

One of the fortunate things about ethical issues in the global market is that they do not affect domestic operations.

Most of the ethical problems that arise in international markets are very different than the moral issues encountered in their home countries.

Economic integration of many formerly national economies into one worldwide economy is called

Globalization is expected to expand despite

The United States' global economic leadership is demonstrated by the fact that more than half of the world's largest MNCs are based in America.

The process by which firms increase their awareness of the influence of international activities on their future and establish and conduct transactions with firms from other countries is known as

Two major issues involved in exploring global markets are the strategic alternatives used by MNCs and pursuit of developing Third World markets.

Which of the following is not an SA8000 standard proposed to improve sweatshop conditions?

The ethics and global strategy plan for improving global business ethics has as its central idea

The FCPA has had a significant impact on the way American firms do business globally.

An attempt to assess the underlying moral justifications for corporate actions and the consequent results of those actions are contained in

Which of the following is not a feature of the global economy?

The main two factors of concern in management and control of global operations are

Cultural relativism is the best ethical guide for MNCs faced with a moral dilemma in its host country.

The Business and Society Relationship

Corporate Citizenship: Social Responsibility, Responsiveness, and Performance

The Stakeholder Approach to Business, Society, and Ethics

Corporate Governance: Foundational Issues

Strategic Management and Corporate Public Affairs

Issues Management and Crisis Management

Business Ethics Fundamentals

Personal and Organizational Ethics

Business Ethics and Technology

Business,Government,and Regulation

Business Influence on Government and Public Policy

Consumer Stakeholders: Information Issues and Responses

Consumer Stakeholders: Product and Service Issues

The Natural Environment As Stakeholder

Business and Community Stakeholders

Employee Stakeholders and Workplace Issues

Employee Stakeholders: Privacy, safety, and Health

Employment Discrimination and Affirmative Action

Filters