Exam 11: Ethical Issues in the Developing World

The underlying foundation to the concept of Fair Trade is that a free market based trade system does not always produce sustainable livelihood for the farmers and other members of the global food chain.

To be classified as a biofuel, a product must be made of at least _______ renewable materials and be produced from living organisms or from organic/food waste products.

The purpose of the United Nations Millennium Summit was to establish global goals to address human development challenges.

In a short essay, list the seven key principles that are required in order for a firm to be profitable when addressing the needs of customers in the bottom of the pyramid.

Strategies to be used to address the needs of the customers at the base of the pyramid depend on the income level of the customers.

Which of the following is NOT one of the goals developed during the United Nations Millennium Summit?

An example of a(n) _______________ would be an individual who sets up a relief organization to help individuals who have been affected by a natural disaster.

Which of the following is not one of the characteristics of Fair Trade as stated by the Fairtrade Labeling Organization?

All of the following are key principles in order to be profitable addressing the needs of the customers in the bottom of the pyramid (BOP) except

Which of the following is NOT mentioned in the text as an income category that would be used to describe customers at the base of the pyramid?

Consumers who earn under $1 per day are considered to be in which of the following income categories?

_____________ is the process in which small loans are given to entrepreneurial individuals in developing counties in order to develop income that will benefit the individual as well as the local village through poverty reduction.

In a short essay, discuss what factors could explain why some regions have not moved forward on the UN Millennium Development Goals (MDGs) according to Sachs and MacArthur.

In 2003, seven companies joined forces to help lead a corporate response to human rights issues by developing the Business Leaders Initiative on Human Rights.

An example of a(n) _______________ is Jacqueline Novogratz who established the Acumen Fund in 2001 which the mission to use entrepreneurial approaches to solve global poverty problems.

Microfinance is the process in which small loans are given to entrepreneurial individuals in developing countries in order to develop income which will benefit the individual as well as the local village through poverty reduction.

All of the following are types of capital that social entrepreneurs need to focus on in order to succeed in their vision except

In the United Kingdom, which is not one of the unethical issues around Fair Trade practices?

One of the unique aspects of microfinance loans is that only a small amount of collateral is needed and the loans are usually repaid between two to five years.

The Social Accountability 8000 certification is a standard that provides a way for companies to ensure that they are offering humane workplace.