Question 1

Who are a firm's stake holders? What are the two types of stakeholders?

Accepted Answer

A firm's stakeholders are individuals or...

Question 2

Maverick Stars Inc.,a U.S.based multinational company,applies its home-country standards of employment and production in its manufacturing facilities located in some less-developed host nations.In this context,the company is most likely to be criticized for:

Accepted Answer

A)   applying low standards of business ethics in its host nations.
B)   exploiting the national differences in factors of production.
C)   opposing ethnocentrism and righteous moralism.
D)   nullifying the reasons for investing in those countries.
E)   adopting cultural relativism as its approach to ethics.F) A) and D)
G) C) and D)

Question 3

Green Quantum Inc.has research and production units all across the globe.The company expects its expatriate managers to adopt the ethics propagated by the culture in which they operate their respective units.Even in situations when others consider certain actions as unethical,the company allows its managers to pursue such actions if they are permitted in the host nation.Green Quantum is most likely following:

Accepted Answer

A)   the Friedman's doctrine.
B)   Sullivan's principles.
C)   righteous moralism.
D)   the Kantian ethics.
E)   cultural relativism.F) C) and D)
G) D) and E)

Question 4

Many of the ethical issues in international business are rooted in the fact that political systems,law,economic development,and culture vary significantly from nation to nation.

Accepted Answer

A) True 
 B)False

Question 5

An American manager of a multinational company who is working in one of the company's production plants located in the country of Cadmia,employs child labor at the manufacturing unit he is in charge of.On being criticized as unethical,the manager argues that such actions are ethically defensible because everyone in Cadmia is doing it.Which of the following straw men approaches to ethics is most likely demonstrated by the manager?

Accepted Answer

A)   Utilitarianism
B)   The righteous moralist
C)   The naive immoralist
D)   Kantian Ethics
E)   EthnocentrismF) B) and C)
G) A) and E)

Question 6

According to Rawls,which of the following principles would be unanimously accepted by people under the veil of ignorance?

Accepted Answer

A)   People should be discriminated on the basis of cast and class.
B)   Inequalities in income and wealth distribution should not be justified under any condition.
C)   The political and economic freedom of people should be highly restricted in order to promote collective goals.
D)   Each person should be permitted the maximum amount of basic liberty that is compatible with a similar liberty for others.
E)   All the properties should be owned by the government and people should not have the freedom or right to hold personal property.F) B) and E)
G) C) and D)

Question 7

The term _____ refers to accepted principles of right or wrong that govern the conduct of a person,the members of a profession,or the actions of an organization.

Accepted Answer

A)   strategy
B)   goodwill
C)   ethics
D)   mission
E)   visionF) B) and E)
G) C) and D)

Question 8

What does Article 29 of Universal Declaration of Human Rights convey?

Accepted Answer

A)   By protecting employees, trade unions violate the fundamental rights of stockholders.
B)   It is ethical to pay less than subsistence wages, if that happens to be practice in some countries.
C)   Multinationals can compensate for the violation of fundamental rights by taking up social expenditures.
D)   Everyone has duties to the community in which alone the free and full development of a person is possible.
E)   Nations should vary the fundamental rights granted to their citizens based on their respective cultures.F) A) and B)
G) A) and E)

Question 9

Moral courage enables managers to walk away from a decision that is profitable but unethical.

Accepted Answer

A) True 
 B)False

Question 10

Discuss the concept of ethical dilemma.

Accepted Answer

Ethical dilemma is a situation in which ...

Question 11

_____ advocates that ethics are culturally determined and that firms should adopt the ethics of the cultures in which they operate.

Accepted Answer

A)   Cultural pluralism
B)   Friedman's doctrine
C)   Cultural relativism
D)   Ethnocentrism
E)   Cultural convergenceF) A) and E)
G) None of the above

Question 12

External stakeholders are individuals or groups who have no interest,claim,or stake in a company.

Accepted Answer

A) True 
 B)False

Question 13

A multinational corporation that adopts naive immoralist approach to ethics will most likely:

Accepted Answer

A)   lack cultural sensitivity.
B)   demonstrate moral imperialism.
C)   be highly ethical in its business in a host nation irrespective of the ethical standards followed by other corporations in that host nation.
D)   believe that, in a host country, any action is ethically justified if everyone is doing it.
E)   demonstrate a high degree of ethnocentrism.F) B) and D)
G) A) and E)

Question 14

Businesses can make sure that they are hiring individuals with strong personal ethics by:

Accepted Answer

A)   employing only those people who have very high intelligence quotient.
B)   administering simple tests that indicate analytical skills of a prospective employee.
C)   asking for letters of references from the prospective employees.
D)   hiring only those people who are relatives of current employees.
E)   spying on prospective employees.F) C) and D)
G) A) and C)

Question 15

The Sullivan principles attempted to fight against _____.

Accepted Answer

A)   globalization
B)   apartheid laws
C)   legalization of facilitating payments
D)   democratic structures
E)   anti-dumping lawsF) B) and C)
G) D) and E)

Question 16

Which of the following statements is true about the utilitarian approach to business ethics?

Accepted Answer

A)   It holds that an action is judged desirable if it leads to the maximization of stockholders' wealth.
B)   The best decisions, from a utilitarian perspective, are those that produce the greatest profits for businesses.
C)   It recognizes that a business should pursue only those actions where the social benefits outweigh the costs.
D)   It asserts that managers should not follow ethical norms if they see that others firms are also not following them.
E)   It fails to consider the idea that actions have multiple consequences.F) A) and B)
G) All of the above

Question 17

According to John Rawls difference principle,wide variations in income and wealth can be considered just if the market-based system that produces this unequal distribution also benefits the least-advantaged members of society.

Accepted Answer

A) True 
 B)False

Question 18

The Foreign Corrupt Practices Act does not allow for "facilitating payments."

Accepted Answer

A) True 
 B)False

Question 19

According to the concept of _____,developed by John Rawls,everyone is imagined to be oblivious to all of his or her particular characteristics,such as,race,sex,intelligence,nationality,family background,and special talents.

Accepted Answer

A)   tragedy of the commons
B)   naive immoralism
C)   Universal Declaration of Human Rights
D)   veil of ignorance
E)   difference principleF) D) and E)
G) A) and E)

Question 20

Elephas Inc.is a steel rod manufacturing company that has customers,investors,vendors,and competitors from all across the globe.Of the following business associates,who would fall into the category of internal stakeholders?

Accepted Answer

A)   Ace Globe Inc., a firm that supplies machinery to Elephas Inc.
B)   Matt, a prominent member of the top management of Elephas Inc.
C)   Gamma Creators, a competing firm that produces same quality steel rods
D)   The Government of the home country of Elephas Inc.
E)   Wendy, a major buyer of Elephas steel rodsF) None of the above
G) All of the above

Exam 5: Ethics in International Business

According to John Rawls difference principle,wide variations in income and wealth can be considered just if the market-based system that produces this unequal distribution also benefits the least-advantaged members of society.

Correct Answer
verified

What does Article 29 of Universal Declaration of Human Rights convey?

Correct Answer
verified

Correct Answer
verified

The term _____ refers to accepted principles of right or wrong that govern the conduct of a person,the members of a profession,or the actions of an organization.

Correct Answer
verified

Correct Answer
verified

Moral courage enables managers to walk away from a decision that is profitable but unethical.

Correct Answer
verified

The Sullivan principles attempted to fight against _____.

Correct Answer
verified

A multinational corporation that adopts naive immoralist approach to ethics will most likely:

Correct Answer
verified

Maverick Stars Inc.,a U.S.based multinational company,applies its home-country standards of employment and production in its manufacturing facilities located in some less-developed host nations.In this context,the company is most likely to be criticized for:

Correct Answer
verified

According to Rawls,which of the following principles would be unanimously accepted by people under the veil of ignorance?

Correct Answer
verified

Many of the ethical issues in international business are rooted in the fact that political systems,law,economic development,and culture vary significantly from nation to nation.

Correct Answer
verified

Who are a firm's stake holders? What are the two types of stakeholders?

Correct Answer
verified
A firm's stakeholders are individuals or...
View Answer

The Foreign Corrupt Practices Act does not allow for "facilitating payments."

Correct Answer
verified

Businesses can make sure that they are hiring individuals with strong personal ethics by:

Correct Answer
verified

_____ advocates that ethics are culturally determined and that firms should adopt the ethics of the cultures in which they operate.

Correct Answer
verified

Which of the following statements is true about the utilitarian approach to business ethics?

Correct Answer
verified

According to the concept of _____,developed by John Rawls,everyone is imagined to be oblivious to all of his or her particular characteristics,such as,race,sex,intelligence,nationality,family background,and special talents.

Correct Answer
verified

External stakeholders are individuals or groups who have no interest,claim,or stake in a company.

Correct Answer
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Discuss the concept of ethical dilemma.

Correct Answer
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Ethical dilemma is a situation in which ...
View Answer

Elephas Inc.is a steel rod manufacturing company that has customers,investors,vendors,and competitors from all across the globe.Of the following business associates,who would fall into the category of internal stakeholders?

Correct Answer
verified

Exam 5: Ethics in International Business

According to John Rawls difference principle,wide variations in income and wealth can be considered just if the market-based system that produces this unequal distribution also benefits the least-advantaged members of society.

Correct AnswerverifiedShow Answer

What does Article 29 of Universal Declaration of Human Rights convey?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

The term _____ refers to accepted principles of right or wrong that govern the conduct of a person,the members of a profession,or the actions of an organization.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Moral courage enables managers to walk away from a decision that is profitable but unethical.

Correct AnswerverifiedShow Answer

The Sullivan principles attempted to fight against _____.

Correct AnswerverifiedShow Answer

A multinational corporation that adopts naive immoralist approach to ethics will most likely:

Correct AnswerverifiedShow Answer

Maverick Stars Inc.,a U.S.based multinational company,applies its home-country standards of employment and production in its manufacturing facilities located in some less-developed host nations.In this context,the company is most likely to be criticized for:

Correct AnswerverifiedShow Answer

According to Rawls,which of the following principles would be unanimously accepted by people under the veil of ignorance?

Correct AnswerverifiedShow Answer

Many of the ethical issues in international business are rooted in the fact that political systems,law,economic development,and culture vary significantly from nation to nation.

Correct AnswerverifiedShow Answer

Who are a firm's stake holders? What are the two types of stakeholders?

Correct AnswerverifiedA firm's stakeholders are individuals or...View AnswerShow Answer

The Foreign Corrupt Practices Act does not allow for "facilitating payments."

Correct AnswerverifiedShow Answer

Businesses can make sure that they are hiring individuals with strong personal ethics by:

Correct AnswerverifiedShow Answer

_____ advocates that ethics are culturally determined and that firms should adopt the ethics of the cultures in which they operate.

Correct AnswerverifiedShow Answer

Which of the following statements is true about the utilitarian approach to business ethics?

Correct AnswerverifiedShow Answer

According to the concept of _____,developed by John Rawls,everyone is imagined to be oblivious to all of his or her particular characteristics,such as,race,sex,intelligence,nationality,family background,and special talents.

Correct AnswerverifiedShow Answer

External stakeholders are individuals or groups who have no interest,claim,or stake in a company.

Correct AnswerverifiedShow Answer

Discuss the concept of ethical dilemma.

Correct AnswerverifiedEthical dilemma is a situation in which ...View AnswerShow Answer

Elephas Inc.is a steel rod manufacturing company that has customers,investors,vendors,and competitors from all across the globe.Of the following business associates,who would fall into the category of internal stakeholders?

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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A firm's stakeholders are individuals or...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Ethical dilemma is a situation in which ...
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