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Exam 5: Ethics and Social Responsibility in International Business

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Question 51

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An individual's personal beliefs regarding whether a decision, behavior, or action is right or wrong is known as ethics.

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Question 52

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Which of the following statements is most likely true about firms with formal codes of ethics?

A) Virtually all ethical issues are eliminated from the firm.
B) Ethical training is unnecessary, redundant, and too costly to be effective.
C) Organizational practices and a strong ethical corporate culture are essential.
D) Individual codes must be developed and implemented for each subunit in the firm.

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Question 53

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According to the model developed by Rob van Tulder and Alex van der Zwart, Anglo-Saxon countries view the state, the market, and civil society as ________.

Which of the following is one of the main groups of stakeholders that firms usually focus on?

Individuals convicted under the Anti-Bribery Convention of the Organization for Economic Cooperation and Development will most likely be required to ________.

What is the purpose of the Foreign Corrupt Practices Act?

Sonya and Amber work together in the Hong Kong corporate office. Despite having similar backgrounds and education, they cannot agree on whether it is appropriate to offer bribes to Chinese officials for the purpose of expediting business transactions. Which ethical generalization does this most likely illustrate?

When behavior conforms to generally accepted norms, it is referred to as ________ behavior.

Accepting gifts in a business relationship is unethical behavior in any country.

Firms that view themselves as citizens of society have adopted the ________ to social responsibility.

Which regulation seeks to protect individuals from human rights abuses and holds MNCs accountable for such abuses?

Firms conduct corporate social audits to assess the ethical values and behaviors of employees.

Which of the following is most susceptible to ethical variations in international business?

What is the Anti-Bribery Convention of the Organization for Economic Cooperation and Development?

Whistle-blowing is generally considered unwelcome by most Japanese firms.

Large German firms typically negotiate with labor organizations under the oversight of the German government.

Which of the following is an informal dimension of social responsibility?

Which of the following is the most responsible approach to social responsibility?

In some countries small bribes are considered a normal part of doing business.

The extent to which an organization conforms to regional, national, and international laws is known as ________.