Exam 8: Control of 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 acknowledges it is under the guidelines of the Foreign Corrupt Practices Act whenever it has dealings in the foreign marketplace.Which one of the following is not addressed by this Act?

The five fundamentals of ethics education proposed by AACSB are: personal integrity,responsibility of business in society,ethical decision making,ethical leadership,and corporate governance.

The _____ is a report published each year by Transparency International,providing metrics to the potential corruption risk for 174 countries.

Corporate social responsibility refers only to the company's obligations to its stockholders and investors.

Which financial scandal was associated with the presidency of Warren G.Harding?

The branch of philosophy that addresses the values pertaining to human behavior,with regard to the "rightness" and "wrongness" of actions and to the "goodness" and "badness" of the intent and results of such actions is called _____.

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

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?

Corruption is unknown in countries with low CPI scores.

Do what produces the greatest good.This statement refers to the _____ principle.

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 attempts to always conduct its business in an ethical manner.It investigates the foreign nations in which it operates so it will be aware of any upcoming business practice differences such as corruption levels the company may face.Which one of the following is the most likely source of the information sought by GCD Industries?

In the business world,the purpose of ethics is to direct business men and women to make as much money as they can any way possible.

Which of the following is NOT a value described in the BBB Code of Business Practices?

Internal control procedures fit into _____ categories.

______ is the branch of philosophy that addresses the values pertaining to human behavior,with specific regard to the "rightness" and "wrongness" of actions and to the "goodness" and "badness" of the intent and results of such actions.

Accounting practices that update the value of an asset to its current market levels are referred to as ______ accounting.

Well-designed corporate ethics codes guarantee that employees will always make the ethical choice.

The average computer crime has been estimated to cost almost

If you act according to absolute moral rules,you are following the ______ principle.

The government can force an individual to sell his or her land so that a road can be built for the benefit of the public as a whole.This is an example of the _____ principle.