Quiz 2.5 MGMT 335 International Business

Identify the INCORRECT statement about environmental regulations.

Environmental regulations are similar across developed and developing nations.

Which of the following is a feature of a democracy?

Governance by people or elected representatives.

Which of the following was designed to allow GM to operate ethically in South Africa as long as the company did not obey the apartheid laws in its own South African operations?

Sullivan principles

Which of the following observations about the Foreign Corrupt Practices Act is true?

The act outlawed the paying of bribes to foreign government officials to gain business.

An act, as simple as shaking hands when meeting new people is an example of:

symbolic behavior.

An international U.S. based company sets up a production unit in a developing country with poor environmental regulations. This contributes to:

the global tragedy of the commons.

Norms refer to:

the social rules and guidelines that prescribe appropriate behavior in particular situations.

The tenet of _____ is that the welfare of society is best served by letting people pursue their own economic self-interest.

individualism

BP, one of the world's largest oil companies, has made it part of the company policy to undertake "social investments" in the countries where it does business. There was no economic reason for BP to make this social investment, but the company believes it is morally obligated to give something back to the societies that have made their success possible. BP's actions are an example of:

noblesse oblige.

In several Western democracies, the poor performance of state-owned enterprises, because of protection from competition and guaranteed government financial support, led to ________.

privatization