Question 1

Adam Smith encouraged ____, or the invisible hand, in which markets keep commerce in equilibrium.

Accepted Answer

A)   laissex-faire economics
B)   socialism
C)   multinational corporations
D)   stability
E)   bribery A

Question 2

Culture is defined as

Accepted Answer

A)   everything in our surroundings made by people.
B)   tangible items.
C)   intangible concepts.
D)   intangible values.
E)   All of these make up culture.

Question 3

____ states that the way something is presented to a consumer can affect the choices he or she makes.

Accepted Answer

A)   Rational economics
B)   Socialism
C)   Capitalism
D)   Rational capitalism
E)   Behavioral economics

Question 4

____, which is related to behavioral economics, states that how information is presented to consumers will affect their choices.

Accepted Answer

A)   A framing effect
B)   Dumping
C)   Bi-modal wealth distribution
D)   Culture
E)   Social democracy

Question 5

The practice of ____ is common in the Japanese banking industry, in which businesspeople demonstrate trust by hiring retired Japanese bureaucrats to become auditors, directors, executives, and presidents.

Accepted Answer

A)   trust
B)   respect for one's elders
C)   poaching competitors' employees
D)   amakudari
E)   secrecy

Question 6

Desirable ____, such as integrity, honesty and unselfishness are shared across most cultures.

Accepted Answer

A)   country cultural values
B)   amakudari
C)   multinational corporations
D)   global common values
E)   products

Question 7

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

Accepted Answer

A)   MNCs are corporate organizations that operate on a global scale without significant ties to any one nation or region.
B)   MNCs are inherently unethical.
C)   MNCs are characterized by a global strategy of focusing on opportunities throughout the world.
D)   Some MNCs are so large and powerful that their revenues are greater than the gross domestic products of some countries.
E)   Because of their size and power, MNCs have been the subject of much ethical criticism and the source of a number of ethical issues.

Question 8

Human rights

Accepted Answer

A)   are defined as an inherent dignity.
B)   is not a new concept.
C)   include inalienable rights like freedom and justice.
D)   was not a consideration of firms several decades ago.
E)   All of these statements are true.

Question 9

Risk compartmentalization occurs when

Accepted Answer

A)   companies separate their most problematic employees into separate profit centers so that they cannot influence one another to act unethically.
B)   all profit centers within a corporation are aware of the code of ethics.
C)   all profit centers within an organization become aware of the consequences of competitors' actions.
D)   various profit centers within an organization become unaware of the consequences of their actions on the firm as a whole.

Question 10

Which of the following is not a step in forming an effective global code of conduct?

Accepted Answer

A)   Set clear objectives.
B)   Hold focus groups.
C)   Translate the code.
D)   Use the same code of conduct you would for a domestic firm.
E)   Have knowledge about graphic design.

Question 11

Which of the following is not an issue raised by the debate over the pros and cons of capitalism?

Accepted Answer

A)   Should governments be more protectionist in order to aid domestic industries?
B)   Is western-style capitalism, with minimal government intervention, the best kind?
C)   Is minimal government intervention best in terms of encouraging the free flow of goods and services?
D)   Does capitalism encourage the formation of cartels?
E)   Do enough corporations take into account social responsibility?

Question 12

Business transactions across national boundaries are called

Accepted Answer

A)   a multinational corporation.
B)   culture.
C)   business ethics.
D)   global business.
E)   national business.

Question 13

Globally, one billion people lack access to ____ systems and approximately 11 million children under the age of 5 die from malnutrition and mostly preventable diseases each year.

Accepted Answer

A)   community
B)   education
C)   healthcare
D)   political

Question 14

What is the purpose of the UN Global Compact?

Accepted Answer

A)   Support free trade unions
B)   Abolish child labor
C)   Protect the natural environment
D)   To allow international corporations to indicate their commitment to social responsibility and ethics
E)   All of these are purposes of the UN Global Compact.

Question 15

____ is an issue growing in urgency among lawmakers and businesses as the effects of climate change grow more extreme.

Accepted Answer

A)   Labor rights
B)   Sustainable development
C)   How to extract maximum resources
D)   Education
E)   Religious freedom B

Question 16

According to the text, as business facilitates exchanges, consumption will increase globally. The important issues related to consumerism include all but which of the following?

Accepted Answer

A)   The impact of production on the environment.
B)   The impact of differing forms of consumption on society
C)   How much of what we deem necessary for consumption is influenced by corporations?
D)   What are necessities and luxuries?
E)   What is the impact of poor countries' consumption patterns on wealthy countries? E

Question 17

The IMF

Accepted Answer

A)   originated from the Bretton Woods agreement.
B)   plunged Latin America into a decade of decline in the 1980s.
C)   suggests that governments adopt a binding code of conduct across nations.
D)   has the responsibility for the regulation of monetary relationships.
E)   All of these statements are true.

Question 18

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

Accepted Answer

A)   MNCs are trying to prevent the formation of labor unions.
B)   MNCs are trying to halt the establishment of minimum wage laws.
C)   MNCs are trying to avoid the United Nations' efforts to monitor them.
D)   Host governments have levied import taxes to lower the prices MNCs charge for their products.
E)   Host governments have levied export taxes to force MNCs to share more of their profits.

Question 19

According to the text, one of the most pressing international issues related to the UN Human Rights Declaration is

Accepted Answer

A)   privacy and the Internet.
B)   equal pay.
C)   the hostile work environment.
D)   sexual harassment.
E)   maternal leave.

Exam 10: Globalization of Ethical Decision Making

Adam Smith encouraged ____, or the invisible hand, in which markets keep commerce in equilibrium.

Correct Answer
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A

Culture is defined as

Correct Answer
verified

____ states that the way something is presented to a consumer can affect the choices he or she makes.

Correct Answer
verified

____, which is related to behavioral economics, states that how information is presented to consumers will affect their choices.

Correct Answer
verified

The practice of ____ is common in the Japanese banking industry, in which businesspeople demonstrate trust by hiring retired Japanese bureaucrats to become auditors, directors, executives, and presidents.

Correct Answer
verified

Desirable ____, such as integrity, honesty and unselfishness are shared across most cultures.

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

Correct Answer
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Human rights

Correct Answer
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Risk compartmentalization occurs when

Correct Answer
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Which of the following is not a step in forming an effective global code of conduct?

Correct Answer
verified

Which of the following is not an issue raised by the debate over the pros and cons of capitalism?

Correct Answer
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Business transactions across national boundaries are called

Correct Answer
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Globally, one billion people lack access to ____ systems and approximately 11 million children under the age of 5 die from malnutrition and mostly preventable diseases each year.

Correct Answer
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What is the purpose of the UN Global Compact?

Correct Answer
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____ is an issue growing in urgency among lawmakers and businesses as the effects of climate change grow more extreme.

Correct Answer
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B

According to the text, as business facilitates exchanges, consumption will increase globally. The important issues related to consumerism include all but which of the following?

Correct Answer
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E

The IMF

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

Correct Answer
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According to the text, one of the most pressing international issues related to the UN Human Rights Declaration is

Correct Answer
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Exam 10: Globalization of Ethical Decision Making

Adam Smith encouraged ____, or the invisible hand, in which markets keep commerce in equilibrium.

Correct AnswerverifiedA

Culture is defined as

Correct AnswerverifiedShow Answer

____ states that the way something is presented to a consumer can affect the choices he or she makes.

Correct AnswerverifiedShow Answer

____, which is related to behavioral economics, states that how information is presented to consumers will affect their choices.

Correct AnswerverifiedShow Answer

The practice of ____ is common in the Japanese banking industry, in which businesspeople demonstrate trust by hiring retired Japanese bureaucrats to become auditors, directors, executives, and presidents.

Correct AnswerverifiedShow Answer

Desirable ____, such as integrity, honesty and unselfishness are shared across most cultures.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Human rights

Correct AnswerverifiedShow Answer

Risk compartmentalization occurs when

Correct AnswerverifiedShow Answer

Which of the following is not a step in forming an effective global code of conduct?

Correct AnswerverifiedShow Answer

Which of the following is not an issue raised by the debate over the pros and cons of capitalism?

Correct AnswerverifiedShow Answer

Business transactions across national boundaries are called

Correct AnswerverifiedShow Answer

Globally, one billion people lack access to ____ systems and approximately 11 million children under the age of 5 die from malnutrition and mostly preventable diseases each year.

Correct AnswerverifiedShow Answer

What is the purpose of the UN Global Compact?

Correct AnswerverifiedShow Answer

____ is an issue growing in urgency among lawmakers and businesses as the effects of climate change grow more extreme.

Correct AnswerverifiedB

According to the text, as business facilitates exchanges, consumption will increase globally. The important issues related to consumerism include all but which of the following?

Correct AnswerverifiedE

The IMF

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

According to the text, one of the most pressing international issues related to the UN Human Rights Declaration is

Correct AnswerverifiedShow Answer

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A

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B

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