IB MyLab Ch 4 Quiz
Nations that score well on the Corruption Perceptions Index tend to ________. A. use bribes as part of a business transaction B. provide unclear financial information C. deceive people to gain assets D. attract global investors E. attract very little investment
attract global investors
The first step in the five-step framework for ethical decision-making is to ________. A. examine the facts B. evaluate results C. implement a course of action D. create alternatives E. identify the problem
identify the problem
Global sourcing most likely raises concerns about ________ A. marketing products to children B. advertising and promoting products and services C. providing information to investors and customers D. operating factories that generate pollution E. identifying opinion leaders
operating factories that generate pollution
Corporate social responsibility (CSR) is best illustrated by an organization ________. A. procuring products or services from suppliers located abroad B. ignoring the working conditions of its suppliers in Latin America C. selling vaccines to people in developing countries D. charging consumers for recycling outdated electronics E. powering a certain percentage of its operations with green energy
powering a certain percentage of its operations with green energy
________ is defined as meeting humanity's needs without harming future generations.
sustainability
According to the ________ approach, the best ethical action is the one that produces the greatest balance of good over harm. A. common good B. fairness C. rights D. virtue E. utilitarian
utilitarian
A company that decides to come forward with the truth about its unethical practices is practicing the ________ approach to ethical standards. A. fairness B. utilitarian C. common good D rights E. virtue
virtue
What practice is NOT a good example of sustainability? A. Recycling used water B. Minimizing waste C. Using cost-effective solar energy D. Rotating crops E. Deregulating fossil fuel usage
Deregulating fossil fuel usage
A U.S. firm does not send female managers to a country where women are expected to be subservient to men. Which of the following is being illustrated by the firm? A. A normative ethical perspective B. A relativistic ethical perspective C. Corporate social responsibility D. A rights approach to ethical standards E. A virtue approach to ethical standards
A relativistic ethical perspective
Which of the following is the result of good corporate governance? A. Attracting committed employees B. Facing increased regulatory scrutiny C. Experiencing more government intervention D. Having a lower growth rate E. Building an unfavorable brand image
Attracting committed employees
Which of the following would most likely be a social interest of a sustainable business? A. Offshoring B. Establishing tax flows C. Maximizing waste water D. Importing raw materials E. Avoiding the use of sweatshops
Avoiding the use of sweatshops
Which of the following situations illustrates sustainability? A. Unilever defunds a global handwashing campaign that aims to reduce disease in Africa. B. BMW introduces electric cars with carbon-fiber bodies to save fuel. C. Nokia phases in toxic materials for its cell phones. D. Coca-Cola increasingly seeks ways to use scarce water supplies. E. GAP markets a line of children's wear even though the supplier used child labor.
BMW introduces electric cars with carbon-fiber bodies to save fuel
What is a proactive approach to ethical behavior in which firms seek not only to maximize profits, but also to benefit society and the environment? A. International ethics B. Corporate social responsibility C. Engaging in philanthropy D. Superior standards E. Sustainability
Corporate social responsibility
________ are small payments made to low-level government officials to perform routine duties more efficiently A. Extortions B. Blackmail payments C. Falsified contracts D. Grease payments E. Counterfeit items
Grease payments
According to the five-step framework for ethical decision making, which question is most relevant when examining the facts? A. Have all the groups affected been consulted? B. Will any personnel be harmed? C. What should have been done differently? D. What can the company do to increase market share and maximize profits? E. Is an ethical dilemma present?
Have all the groups affected been consulted?
What is intellectual property? A. Pirated and counterfeit products. B. The legal claim that protects assets. C. Unethical management practices. D. Ideas or works created by individuals or firms. E. Trademarks, copyrights, and patents.
Ideas or works created by individuals or firms
A company's plan for corporate social responsibility (CSR) is to rely solely on local suppliers for its operations. What effect will this most likely have? A. Hasten cultural change. B. Increase the company's positive economic impact. C. Eliminate ethical dilemmas. D. Add to the company's negative social impact. E. Reduce corruption in the company.
Increase the company's positive economic impact
Coca-Cola developed a global plan to protect water resources. This is an example of what type of CSR value? A. Employee volunteer programs B. Avoiding human rights abuses C. Protecting the natural environment D. Guarding against corruption E. Undertaking philanthropic efforts
Protecting the natural environment
A company has an ethical challenge in that its overseas supplier is employing laborers to work in harsh conditions for next to nothing. How would a fairness approach to ethics differ from a common good approach to this challenge? A. The fairness approach would promote punishing the supplier, whereas the common good approach would promote encouraging the supplier to be more equitable. B. The fairness approach would promote paying all of the laborers an equal wage, whereas the common good approach would promote lobbying the government to pass laws requiring equal wages. C. The fairness approach would promote changing suppliers, whereas the common good approach would promote reforming the supplier. D. The fairness approach would promote helping the laborers and the supplier, whereas the common good approach would promote helping only the laborers. E. The fairness approach would promote developing the local community of the laborers, whereas the common good approach would promote ethical requirements for the supplier.
The fairness approach would promote paying all of the laborers an equal wage, whereas the common good approach would promote lobbying the government to pass laws requiring equal wages
A firm has an issue with its overseas plant employing children as laborers, and the firm's top manager is using the five-step ethical framework to address the problem. The firm is considering the idea of educating the children several days each week in an on-site classroom. Based on the five-step ethical framework, which statement illustrates the manager implementing a course of action? A. The manager contacts a competitor that also employs children. B. The manager determines the cost of an educational program. C. The manager follows up on the firm's education initiative. D. The manager interviews the parents of the children. E. The manager considers offering incentives to the children.
The manager follows up on the firm's education initiative
What is meant by the term corporate governance? A. Meeting humanity's needs today without harming future generations. B. Protecting and nurturing a company's corporate image. C. Moral principles about right and wrong. D. The operation of a business in a way that meets or exceeds the ethical, legal, and commercial expectations of its stakeholders. E. The system of procedures and processes by which corporations are managed, directed, and controlled.
The system of procedures and processes by which corporations are managed, directed, and controlled
________ describes the values and expectations that guide the decisions of all employees in a firm A. A global ethical standard B. A code of conduct C. Corporate governance D. A code of ethics E. A sustainable practice
a code of ethics
What is the most notable form of corruption in international business? A. Fraud B. Bribery C. Theft D. Blackmail E. Money laundering
bribery
_______ are moral principles and values that govern the behavior of people, firms, and governments regarding right and wrong. A. Behavioral standards B. Social responsibilities C. Beliefs D. Ethics E. Attitudes
ethics
Law firms sometimes ask their employees to pad their billable hours or charge customers for tasks they did not perform. This is an example of ________. A. unethical behavior B. deceptive marketing C. unfair compensation practices D. counterfeiting E. piracy
unethical behavior