Business Ethics Chapter 4 Exam Questions
Historically, global corporations have focused their attention on which income level(s)?
All at the top of the pyramid and some of the middle class
Why do critics of globalization claim that it creates job insecurity?
Businesses move to other countries to find cheap labor and lay off workers at home.
How did the public sector help reduce trade in conflict minerals, according to the case "Intel and the Responsible Minerals Initiative"?
They required all member nations to comply with responsible sourcing guidelines.
A society where economic power is concentrated in the hands of government officials and political authorities is called
a central state control system.
Under the World Trade Organization's most-favored nation rule
all import restrictions are illegal unless proven scientifically.
Which level of the Global Wealth Pyramid represents the largest number of people?
bottom
Nonprofit, educational, and religious groups are examples of which sector of society?
civil
Which of these countries has the least economic freedom?
Cuba
A free enterprise system refers to
economic assets that are privately owned and exchanged in an open market.
The purpose of the World Trade Organization is to
eliminate barriers to free trade among nations
Within society, what is the primary goal of the civil sector, according to Figure 4.4?
expression of values
An individual who supports globalization would argue that it helps the developing world by
giving entrepreneurs access to foreign investment funds to support economic development. supporting the spread of democracy and freedom. allowing new ideas and technological innovations to spread more quickly. All of these choices are correct.
Multisector partnerships that address specific social issues in the global economy are called
global action networks.
How much a person earns in a day or a year is called
income.
The primary purpose of the International Monetary Fund is to
lend foreign currency to member countries.
The primary goal of a "vulture fund" is to
make a profit.
Microfinance refers to banks
making affordable loans to low-income businesses.
The term race to the bottom refers to
moving production jobs to the country with the lowest labor cost
Democracy refers broadly to the presence of
political freedom.
Income at the bottom of the pyramid may be adjusted per country according to its overall
prosperity.
A firm that would like to develop a global supply chain would
purchase raw materials, components, or supplies from sellers in other countries
The deep anti-Americanism that exists in some parts of the world is thought to be caused by
resentment of cultural penetration from U.S.-based multinational corporations.
A firm that has global operations has
some or all of their manufacturing or service operations abroad.
Government has distinctive resources and competencies including
the ability to enforce the rules. revenue from taxation. knowledge of public policy All of these choices are correct.
Representation on the World Bank's board of directors is based on
the size of the member nation's economy.
Global market channels involve a firm producing goods in
their home country to sell to other countries.
Why are the World Bank, the International Monetary Fund, and the World Trade Organization so important to the current global economy?
they set the rules by which international commerce is transacted.
What was Intel's primary interest in mineral mining, according to the case "Intel and the Responsible Minerals Initiative"?
to distance themselves from human rights abuses associated with conflict minerals
When one country tries to damage another by imposing tariffs or other restrictions on that country's goods, this is called a
trade war.
Assets that a person accumulates and owns at a certain point in time are called
wealth.