INTB 1203 First quiz study guide
Should "dumping" be considered illegal if it benefits consumers?
"Defend your argument" question.
What difficulties did AVON Cosmetics face as it attempted to enter the Chinese market?
A direct-selling ban by the Chinese government, which forced Avon to open brick-and-mortar locations; revenue and operating profits plummeted 35% and 154%; allegations of violations of the Foreign Corrupt Practices Act (FCPA), which led to the departure of 6 employees plus the CFO (because he knew about the corruption since early 2000s).
Which of the following statements is true about the difference between contracts in common law and civil law systems? A. Contracts drafted under a common law system tend to be longer than those drafted under a civil law system. B. Contracts drafted under a civil law system tend to be more specific than those drafted under a civil law system. C. It is more expensive to draw up contracts in a civil law system than in a common law system. D. Resolving contract disputes tend to be less adversarial in common law systems than in civil law systems. E. Civil law systems have the advantage of greater flexibility and allow for judges to interpret a contract dispute in light of the prevailing situation but this feature is absent in common law systems.
A. Contracts drafted under a common law system tend to be longer than those drafted under a civil law system.
Which of the following straw men approaches to business ethics is best summarized by the maxim "When in Rome, do as the Romans?" A. Cultural relativism B. Just distribution C. Kantian ethics D. Righteous moralist E. Sullivan principle
A. Cultural relativism
Which of the following straw men approaches to business ethics is best summarized by the maxim "When in Rome, do as the Romans?" A. Cultural relativism B. Just distribution C. Kantian ethics D. Righteous moralist E. Sullivan principle
A. Cultural relativism
According to _____, all economic goods and services should be distributed equally except when an unequal distribution would work to everyone's advantage. A. John Rawls B. Leon Sullivan C. Garrett Hardin D. Milton Friedman E. Carol Gilligan
A. John Rawls
_____ explicitly rejects the idea that businesses should undertake social expenditures beyond those mandated by the law and required for the efficient running of a business. A. The Friedman doctrine B. The Sullivan principle C. Utilitarianism D. Marxism E. Kantian Ethics
A. The Friedman doctrine
_____ explicitly rejects the idea that businesses should undertake social expenditures beyond those mandated by the law and required for the efficient running of a business. A. The Friedman doctrine B. The Sullivan principle C. Utilitarianism D. Marxism E. Kantian Ethics
A. The Friedman doctrine
In a business setting, the term "noblesse oblige" refers to: A. a benevolent behavior that is considered the responsibility of successful enterprises. B. obliging a government official with the expectation of a reciprocal favor. C. rich corporations abusing their power for private gain. D. preferential treatment received by successful companies from governments. E. tax exemptions that are given only to local companies but not to foreign companies.
A. a benevolent behavior that is considered the responsibility of successful enterprises.
In a business setting, the term "noblesse oblige" refers to: A. a benevolent behavior that is considered the responsibility of successful enterprises. B. obliging a government official with the expectation of a reciprocal favor. C. rich corporations abusing their power for private gain. D. preferential treatment received by successful companies from governments. E. tax exemptions that are given only to local companies but not to foreign companies.
A. a benevolent behavior that is considered the responsibility of successful enterprises.
Capricorn Creative Inc., a U.S. based advertising firm, was the first in the advertising industry to identify the growth potential of Brazil and to make huge investments in it's economy. As a result, the firm was able to build brand loyalty and gain experience in that country's business practices. In the language of business strategy, Capricorn Creative has typically benefited from: A. a first-mover advantage. B. forward integration. C. unrelated differentiation. D. lateral diversification. E. technology transfer.
A. a first-mover advantage
Capricorn Creative Inc., a U.S. based advertising firm, was the first in the advertising industry to identify the growth potential of Brazil and to make huge investments in it's economy. As a result, the firm was able to build brand loyalty and gain experience in that country's business practices. In the language of business strategy, Capricorn Creative has typically benefited from: A. a first-mover advantage. B. forward integration. C. unrelated differentiation. D. lateral diversification. E. technology transfer.
A. a first-mover advantage.
A person seeking and receiving help through a guanxi network is: A. liable to a social sanction if he or she does not reciprocate when called upon. B. considered to be disloyal to his or her superiors. C. free from reciprocal obligations. D. not a follower of confucian ethics. E. hesitant to commit to cooperative ventures.
A. liable to a social sanction if he or she does not reciprocate when called upon.
A person seeking and receiving help through a guanxi network is: A. liable to a social sanction if he or she does not reciprocate when called upon. B. considered to be disloyal to his or her superiors. C. free from reciprocal obligations. D. not a follower of confucian ethics. E. hesitant to commit to cooperative ventures.
A. liable to a social sanction if he or she does not reciprocate when called upon.
The Boldovian government took Sea Lion Inc., a domestic, private shipbuilding firm, into state ownership to save the company from bankruptcy. However, the other private competitors in the shipbuilding industry were raged at this decision of the government. As a result, the government had to reduce the tax burden on all other private shipbuilding firms so that both the state-owned enterprise and private firms could co-exist. According to this information, Boldovia has most likely adopted a _____ economy. A. mixed B. market-based C. command D. laissez-faire E. communist
A. mixed
The philosophy behind intellectual property laws is to: A. reward the originator of a new invention, book, musical record, and the like for his or her idea and effort. B. protect the consumers from being subjected to business malpractice. C. safeguard a firm and its officers from being responsible for injury, death, or damage caused by the firm's product. D. eliminate monopoly in international trade. E. ensure that the rights to manufacture, use, or sell an invention are made available to the whole society.
A. reward the originator of a new invention, book, musical record, and the like for his or her idea and effort.
Unipeg Corporation has uniform high sales targets for its employees all across the globe, regardless of the environmental constraints in each market. Employees are penalized for any shortfall. This has caused many employees to falsify the values of their sales. In this context, the roots of unethical behavior can be traced to: A. unrealistic performance expectations. B. cultural differences of countries. C. strong personal ethics among employees. D. varying ethical standards in different nations. E. national differences in factors of production.
A. unrealistic performance expectations.
Unipeg Corporation has uniform high sales targets for its employees all across the globe, regardless of the environmental constraints in each market. Employees are penalized for any shortfall. This has caused many employees to falsify the values of their sales. In this context, the roots of unethical behavior can be traced to: A. unrealistic performance expectations. B. cultural differences of countries. C. strong personal ethics among employees. D. varying ethical standards in different nations. E. national differences in factors of production.
A. unrealistic performance expectations.
What are the advantages of joint ventures in entering a foreign market?
Access to new markets and distribution networks; increased capacity; sharing of risks and costs (ie liability) with a partner; and access to greater resources, including specialized staff, technology and finance.
What factors makes India an excellent country for outsourcing legal, financial and information systems? Educational system, language, wage structure Protection of intellectual property, stable government, religious beliefs Commercial relationships with other Asian nations Growing Population All of the above
All of the above
Which of the following has not increased as a result of globalization? Volume of goods and services crossing national borders Foreign exchange transactions Procuring production inputs from all over the world Levels of air and water pollution All of the above have increased as a result of globalization
All of the above have increased as a result of globalization
Which of the following statements best supports the claim that greater uniformity replaces diversity in the context of global markets? A. Differences in business systems and legal regulations, lead companies to customize their marketing strategies, product features, and operating practices to best match conditions in a particular country. B. As rival global firms follow each other across countries, they bring with them their brand names, products, and marketing strategies from other national markets, thus creating homogeneity across markets. C. Truly innovative companies succeed by developing products that serve specific needs of the local markets. D. The volume of goods, services, and investment crossing national borders has expanded at a slower rate than world output for more than half a century. E. The most global of markets are not typically markets for consumer products as significant differences in consumer tastes and preferences still exist among national markets.
B. As rival global firms follow each other across countries, they bring with them their brand names, products, and marketing strategies from other national markets, thus creating homogeneity across markets.
As per the U.S. law and OECD convention, which of the following will most likely to be considered as a grease payment? A. Gold Fire Inc. paid a fine of $2500 for violating the labor laws in a foreign country. B. Gold Fire Inc. made a small payment of $20 to speed up some paper work related to tax returns in a less developed country. C. The proprietor of Gold Fire Inc. made payments to the Mafia as a protection against violent retribution. D. Gold Fire Inc. gave gift vouchers to all its product wholesalers in order to promote the product. E. Gold Fire. Inc made an unrecorded payment to one of its accountants in return for window dressing the company's accounts.
B. Gold Fire Inc. made a small payment of $20 to speed up some paper work related to tax returns in a less developed country.
In the context of common law, which of the following terms refers to the ways in which laws are applied in specific situations? A. Tradition B. Precedent C. Custom D. Interpretation E. Culture
B. Precedent
Which of the following statements is true about the late influential political scientist Samuel Huntington's vision of the new world? A. Samuel Huntington maintained that as societies continue modernizing they will also become more Western. B. Samuel Huntington theorized that modernization in non-Western societies can result in a retreat toward the traditional. C. Samuel Huntington predicted that the universalization of Western liberal democracy will be the final form of human government. D. Samuel Huntington envisioned the end of war of ideas between different civilizations. E. Samuel Huntington suggested that most of the developing countries will stop adopting the material paraphernalia of the modern world.
B. Samuel Huntington theorized that modernization in non-Western societies can result in a retreat toward the traditional.
Which of the following statements is true about the late influential political scientist Samuel Huntington's vision of the new world? A. Samuel Huntington maintained that as societies continue modernizing they will also become more Western. B. Samuel Huntington theorized that modernization in non-Western societies can result in a retreat toward the traditional. C. Samuel Huntington predicted that the universalization of Western liberal democracy will be the final form of human government. D. Samuel Huntington envisioned the end of war of ideas between different civilizations. E. Samuel Huntington suggested that most of the developing countries will stop adopting the material paraphernalia of the modern world.
B. Samuel Huntington theorized that modernization in non-Western societies can result in a retreat toward the traditional.
Many commentators have blamed the problems that led to global financial crisis of 2008-2009, and the recession that followed on: A. a lack of free markets. B. a lack of regulation. C. the political ideologies followed in the Asian countries. D. a strong presence of command economies. E. a lack of privatization and liberalization.
B. a lack of regulation
Many commentators have blamed the problems that led to global financial crisis of 2008-2009, and the recession that followed on: A. a lack of free markets. B. a lack of regulation. C. the political ideologies followed in the Asian countries. D. a strong presence of command economies. E. a lack of privatization and liberalization.
B. a lack of regulation.
Article 23 of Universal Declaration of Human Rights implies that it is unethical to employ child labor in sweatshop settings and pay less than subsistence wages, even if that happens to be common practice in some countries. This is in contrast to: A. Kantian ethics. B. cultural relativism. C. rights theories. D. Marxism. E. Justice theories.
B. cultural relativism.
Article 23 of Universal Declaration of Human Rights implies that it is unethical to employ child labor in sweatshop settings and pay less than subsistence wages, even if that happens to be common practice in some countries. This is in contrast to: A. Kantian ethics. B. cultural relativism. C. rights theories. D. Marxism. E. E.Justice theories.
B. cultural relativism.
10 The motive behind the high tariffs imposed by nations on imports of manufactured goods, prior to World War II, was to: A. deter any possible attempts to promote communism. B. protect domestic industries from foreign competition. C. prevent the occurrence of the Great Depression. D. safeguard patents, copyrights, and trademarks. E. promote the trade of services over the trade of manufactured goods.
B. protect domestic industries from foreign competition.
Which of the following is the last step in ethical decision-making? A. Judging the ethics of the proposed decision B. Establishing moral intent C. Auditing of decisions D. Engaging in ethical behavior E. Identifying the stakeholders a decision would affect
C. Auditing of decisions
Which of the following is the last step in ethical decision-making? A. Judging the ethics of the proposed decision B. Establishing moral intent C. Auditing of decisions D. Engaging in ethical behavior E. Identifying the stakeholders a decision would affect
C. Auditing of decisions
_____ are the payments that are made to expedite routine government actions, and hence are also known as speed money or grease payments. A. Amortized payments B. Subvention payments C. Facilitating payments D. Deferred payments E. Customs Payments
C. Facilitating payments
_____ are the payments that are made to expedite routine government actions, and hence are also known as speed money or grease payments. A. Amortized payments B. Subvention payments C. Facilitating payments D. Deferred payments E. Customs Payments
C. Facilitating payments
13. Which of the following is the most appropriate solution to the problem of rising carbon dioxide emissions in developed economies? A. Roll back the trade liberalization efforts that have fostered economic growth and globalization. B. Tie free trade agreements to the implementation of fewer environmental and labor laws in less developed countries. C. Get the nations of the world to agree to policies designed to limit pollutant emissions. D. Increase the export of low-wage manufacturing jobs to developing nations E. Restrict international trade and investment only to services.
C. Get the nations of the world to agree to policies designed to limit pollutant emissions.
Jonathan is the manager of his company's facilities in the Philippines. He believes in ensuring the exact same standards of working conditions, wages, and labor management in the Philippines as practiced by the company's corporate office in its home country, the United States. This policy of Jonathan does not always lead to profits because of the vast cultural differences between the two nations. Which of the following straw men approaches to ethics is most likely being adopted by Jonathan? A. Naive immoralism B. Cultural relativism C. Righteous moralism D. Sullivan principle E. Just distribution
C. Righteous moralism
Jonathan is the manager of his company's facilities in the Philippines. He believes in ensuring the exact same standards of working conditions, wages, and labor management in the Philippines as practiced by the company's corporate office in its home country, the United States. This policy of Jonathan does not always lead to profits because of the vast cultural differences between the two nations. Which of the following straw men approaches to ethics is most likely being adopted by Jonathan? A. Naive immoralism B. Cultural relativism C. Righteous moralism D. Sullivan principle E. Just distribution
C. Righteous moralism
Star Synergy Inc, a chemical dye manufacturing firm headquartered in the U.S, has started its production units in the less developed nations of the world in order to benefit from the low production costs. However, the process of dye extraction results in the release of toxic substances. Hence, the most ethical and economical way for the firm to tackle this problem will be to: A. shift production units to nations where costs related to environmental protection and labor are high. B. adhere to the local environmental protection standards of the less developed host nation. C. introduce the company's home nation environmental standards in their less developed nation production units. D. shut down the production units as they are hazardous to the global environment as a whole. E. use the toxic substances released, in the extraction of dyes, as a by product to manufacture other products.
C. introduce the company's home nation environmental standards in their less developed nation production units.
Star Synergy Inc., a chemical dye manufacturing firm headquartered in the U.S., has started its production units in the less developed nations of the world in order to benefit from the low production costs. However, the process of dye extraction results in the release of toxic substances. Hence, the most ethical and economical way for the firm to tackle this problem will be to: A. shift production units to nations where costs related to environmental protection and labor are high. B. adhere to the local environmental protection standards of the less developed host nation. C. introduce the company's home nation environmental standards in their less developed nation production units. D. shut down the production units as they are hazardous to the global environment as a whole. E. use the toxic substances released, in the extraction of dyes, as a by product to manufacture other products.
C. introduce the company's home nation environmental standards in their less developed nation production units.
The common law system enjoys a degree of flexibility not found in other systems because : A. it is usually found in democratic republics. B. it originated from Great Britain and can be found in almost all of its former colonies. C. it is interpreted by the law courts with regard to tradition, precedent, and custom. D. it is based on a detailed set of laws organized into codes. E. it has originated recently; almost a decade ago.
C. it is interpreted by the law courts with regard to tradition, precedent, and custom
The term global commons refers to: A. social norms and values that are common across the globe. B. a group of nations that share similar ideologies on globalization. C. natural resources from which everyone benefits but for which no one is specifically responsible. D. common laws to be obeyed by companies involved in international business. E. arrangements, like common currencies, between countries to simplify international trading.
C. natural resources from which everyone benefits but for which no one is specifically responsible.
The term global commons refers to: A. social norms and values that are common across the globe. B. a group of nations that share similar ideologies on globalization. C. natural resources from which everyone benefits but for which no one is specifically responsible. D. common laws to be obeyed by companies involved in international business. E. arrangements, like common currencies, between countries to simplify international trading.
C. natural resources from which everyone benefits but for which no one is specifically responsible.
Why does Apple outsource production of its products?
Cheaper factors of production costs (land, labor, capital and entrepreneurship).
Why might a US based law firm outsource some of it's activities to India
Cheaper, superior quality of work, speed of services offered
Which country has the highest MPI?
China
What is the most dominant religion in the world in terms of numbers of adherents? True or False
Christianity
Which of the following is most likely to be the least suited product for a global market? Cellphones Fast food like hamburgers Clothes and accessories Credit card servies Household furnishings
Clothes and accessories
What are the main sources of corruption in international business?
Conducting practices that are accepted in the country you are doing business but not your own country
For more than 2,000 years until the 1949 Communist revolution, _____, which teaches the importance of attaining personal salvation through right action, was the official ethical system of China.
Confucianism
Which of the following terms means standing in the shoes of a stakeholder and asking how a proposed decision might impact that stakeholder? A. Corporate espionage B. Ethical dilemma C. Cultural relativism D. Moral imagination E. Moral courage
D. Moral imagination
Which of the following terms means standing in the shoes of a stakeholder and asking how a proposed decision might impact that stakeholder? A. Corporate espionage B. Ethical dilemma C. Cultural relativism D. Moral imagination E. Moral courage
D. Moral imagination
Which of the following is most likely to be protected by a copyright? A. A new manufacturing process invented in a company B. A newly invented telecommunication device C. Tangible property like land and building D. Movies produced and directed by a person E. A new type of car invented by an automobile company
D. Movies produced and directed by a person
Davis is the manager of a pharmaceutical manufacturing facility in a developing country. The manufacturing unit does not meet the acceptable standards of the manufacturing facility in the home nation. He knows that demanding a better manufacturing unit will raise the cost of the drugs mainly exported to other less developed countries, and hence its price. But he also realizes that by not demanding a better unit, the employees are prone to serious health issues. Davis is facing: A. a role conflict. B. the tragedy of the commons. C. a positivity offset. D. an ethical dilemma. E. E. a negativity effect.
D. an ethical dilemma.
Davis is the manager of a pharmaceutical manufacturing facility in a developing country. The manufacturing unit does not meet the acceptable standards of the manufacturing facility in the home nation. He knows that demanding a better manufacturing unit will raise the cost of the drugs mainly exported to other less developed countries, and hence its price. But he also realizes that by not demanding a better unit, the employees are prone to serious health issues. Davis is facing: A. a role conflict. B. the tragedy of the commons. C. a positivity offset. D. an ethical dilemma. E. Negativity effect.
D. an ethical dilemma.
The Foreign Corrupt Practices Act was subsequently amended to allow for speed money or grease payments, which are payments made to: A. secure contracts that would not otherwise be secured. B. obtain exclusive preferential treatment in a foreign market. C. influence foreign bureaucrats in the company's favor. D. ensure receiving the standard treatment that a business ought to receive. E. E. secure monopoly rights in less developed countries.
D. ensure receiving the standard treatment that a business ought to receive.
The Foreign Corrupt Practices Act was subsequently amended to allow for speed money or grease payments, which are payments made to: A. secure contracts that would not otherwise be secured. B. obtain exclusive preferential treatment in a foreign market. C. influence foreign bureaucrats in the company's favor. D. ensure receiving the standard treatment that a business ought to receive. E. secure monopoly rights in less developed countries.
D. ensure receiving the standard treatment that a business ought to receive.
The best decisions, from a utilitarian perspective, are those that: A. maximize a firm's profit. B. maximize stockholders' wealth. C. have greater social costs than benefits. D. produce the greatest good for the greatest number of people. E. result in the justified treatment of a minority.
D. produce the greatest good for the greatest number of people.
The best decisions, from a utilitarian perspective, are those that: A. maximize a firm's profit. B. maximize stockholders' wealth. C. have greater social costs than benefits. D. produce the greatest good for the greatest number of people. E. E. result in the justified treatment of a minority.
D. produce the greatest good for the greatest number of people.
Which of the following best illustrates the globalization of production? Silver unicorn inc, uses sales personnel from the respective host country to sell its products and services Evan Swan, a us based fashion designer, is planning to open a flagship store in china to serve the Asian market Pizza Gallery, an Italian pizza chain, customized its pizzas and pastas to suit the tastes of its american and Australian customers Daily Diamonds inc, buys diamonds from south Africa and exports them to India for the cutting process Uncle Crab, a UK fast food chain, has been serving customers worldwide through its franchises
Daily Diamonds buys diamonds from south Africa and exports them to India for the cutting process
Which of the following are factors driving globalization? Declining trade and investment barriers Technological advancements Profit motive Progress in education and democracy All of the above
Declining Trade and investment barriers Technological Advancements
How does managing globally differ from managing domestically?
Differences among countries require that an international business vary its practices country by country. Managers must be sensitive to the differences between cultures and adopt the policies and strategies to deal with them accordingly (including ethical issues). They must also deal with government restrictions on international trade and investment.
Which of the following statements is true about the general implications of globalization? A. Globalization is inevitable. B. From a purely economic perspective, globalization is all good. C. Globalization has no negative impacts on the economies of the developed world. D. Globalization has reduced the risks associated with global financial contagion. E. As a result of globalization, a severe crisis in one region of the world can affect the entire globe.
E. As a result of globalization, a severe crisis in one region of the world can affect the entire globe.
The influential economist Jeffrey Sachs argues that throughout history, _____ , with their long engagements in international trade, have been the most supportive of market institutions. A. mountainous states B. tropical regions C. military societies D. landlocked states E. coastal states
E. coastal states
A firm has to become a multinational enterprise, investing directly in operations in other countries, to engage in international business. True or False
False
Author Francis Fukuyama envisioned a world split into different civilizations, each of which has its own value systems and ideology. True or False?
False
Diebold Nixdorf has recently withdrawn from Myamar True or False
False
EBAY is China's largest e-commerce site True or False
False
Five of the fastest growing economies of the past 30 years—China, South Korea, Taiwan, Singapore, and Hong Kong—had one thing in common at the start of their economic growth: democratic governments. True or False?
False
Highly indebted poor countries (HIPCs) can bootstrap themselves out of poverty by pursuing retaliatory trade policies rather than free trade policies. True or False
False
In business, the most important stakeholder is the firm's stockholders True or False
False
It is easier for companies based in countries with a high degree of class consciousness to establish a competitive advantage in the global economy. True or False
False
Max Weber argued that the Catholic promise of salvation in the next world, rather than this world fostered "a spirit of capitalism." True or False
False
Only Saudia Arabia has proven oil reserves that exceed those of Venezuela. True or False
False
The World Fact Book is produced by the United Nations True or False
False
The emphasis on individualism has led to the widespread diffusion of self-managing work teams within Japanese organizations. True or False
False
Of the six Hofstede dimensions, Indulgence has a very low score. True or False
False, dimension defined as the extent to which people try to control their desires and impulses indulgence high score restraint low score
Gem Globe, an american Company, has invested substantial capital in precious stones mining activities outside the united states This practice is referred to as: International Cartel Unrelated diversification Cross border bartering Organizational divestment foreign direct investment
Foreign direct investment
West Electronic Corporation source goods and services for its electronics products from different locations around the globe in an attempt to take advantage of differences in the cost and quality of labor and land. This practice demonstrates the: Localization of markets Rise of communism throughout the globe Nationalization of private enterprises Globalization of production Increasing differences in tastes and preferences of consumers around the world
Globalization of production
What human rights concerns have been voiced about the nations in the United Arab Emirates?
Lack of freedom of expression, the Yemen airstrikes and detainee abuse, arbitrary detention, torture, and mistreatment of detainees, permission of domestic violence, no punishment for marital rape, and laws that criminalize same-sex sexual relations.
Zain finds it hard to dine with his American colleagues as his religion prohibits the consumption pork and alcohol. He also quit his previous job in a bank on the base that his religion considers the payment or receipt of interest as exploitative and unjust. According to this information, Zain is a follower of:
Muslim
Why is UBER being regulated in certain cities
No more business for taxis and it pushed tat business out and gave them no opportunities as well as over populating the car service business in ares increasing traffic
8 Which of the following statements is most likely to be true of outsourcing? A. Dispersing value-creation activities through outsourcing tends to increase the costs requires to develop a product offering. B. In today's world, outsourcing efforts are primarily confined to manufacturing activities, and do not include service activities. C. Outsourcing production to foreign countries increases the chance for companies to gain significant orders for their products from those countries. D. Outsourcing always increases the time required to develop a product, and allows no manufacturing flexibility. E. A multinational company cannot customize its products for local markets of different countries if it outsources its production activities.
Outsourcing production to foreign countries increases the chance for companies to gain significant orders for their products from those countries.
What is pm2.5?
Particulate matter (PM) is a complex mixture of extremely small particles and liquid droplets. Particle pollution is made up of a number of components, including acids (such as nitrates and sulfates), organic chemicals, metals, and soil or dust particles.EPA is concerned about particles that are 10 micrometers in diameter or smaller because those are the particles that generally pass through the throat and nose and enter the lungs. Once inhaled, these particles can affect the heart and lungs and cause serious health effects. High levels of particulate matter can cause visible air pollution, not only affecting our health, but our natural scenery as well.
What are the 3 P's in CSR?
People, Planet, and Profit
Automobile companies promote different car models in different countries depending on a range of factors such as demographics, local taste, local fuel costs, income levels, traffic congestion, and cultural values. This demonstrates that: Cultural diversity has been replaced by global unifromity The global market is less complex than national markets The social norms in a country do not affect purchase decisions of consumers Significant differences still exist among national markets A company does not have to be the size of multinational giants to facilitate, and benefit from, the globalization of markets
Significant differences still exist among national markets
Name five drivers of globalization
Technology, politics, cost, markets, competition
Which of the following countries has seen a relative decline in its share of world output between 1960 and 2010? A. The United States B. Thailand C. Japan D. China E. South Korea
The united states
According to the World Values Survey, as countries get richer, a shift occurs away from "traditional values" linked to religion, family, and country, and toward "secular rational" values. True or False
True
Amnesty International is currently decrying a Japanese company's payoffs to the military in Myamar True or False
True
Countries with a high level of corruption find it difficult to attract foreign investors. True or False
True
Decisions that maximize utility may fail to satisfy concerns for human rights and justice. True or False
True
Employing child laborers is often wrongly justified by arguing that the child's family benefits from the increased income True of False
True
Foreign firms should adopt the ethics and culture of their host nations True or False
True
In China, state-owned companies still dominate the banking, energy, telecom, health care, and technology sectors.
True
In general, as countries get richer, they enact tougher environmental and labor regulations. True or False?
True
Intellectual property laws grant exclusive monopolies to patent, copyright and trademark holders. True or False
True
It is possible that economic growth in developed nations has offset the fall in the share of national income enjoyed by unskilled workers, raising their living standards. True or False
True
Nationalization of foreign owned property is a potential risk for international businesses True or False
True
One concern frequently voiced by globalization opponents is that falling barriers to international trade destroy manufacturing jobs in wealthy advanced economies such as the United States and western Europe. True or False?
True
One concern of globalization opponents is that it undermines the influence of supranational organizations and promotes the sovereignty of individual nation-states. True or False
True
Peter Drucker's famous quote about culture suggests that cultural illiteracy can easily doom starategic initiatives to failure. True or False
True
Resolving insolvency is a factor in the World Bank's Ease of Doing Business Measure True or False
True
Sometimes "moral courage" is needed to question decisions made under the influence of "cultural relativism". True or False
True
Stategies that encompass sustainabilty usually result in diminished profits True or False
True
The Afican and Asian business culture is driven more by relationships than by brand loyality True or False
True
The higher the value of the GINI coefficient the greater the level of income inequality True or False
True
Under the Islamic banking method of mudarabah, when an Islamic bank lends money to a business, rather than charging that business interest on the loan, it takes a share in the profits that are derived from the investment. True or False
True
Venezuela's extremely high rate of inflation has contributed to social unrest. True or False
True
Vietnam has one-party system True or False
True
When combined, Chinese characters can take on new meanings True or False
True
The FCPA makes it illegal to bribe individuals in foreign nations. True or False
True can no longer bribe but can use "facilitating payments or grease payments to speed up a process"
The _____ was established in 1945 by 51 countries committed to preserving peace through international cooperation and collective security. A. Greenpeace organization B. Amnesty International C. League of Nations D. United Nations E. G-20
United Nations
Which of the following countries is the worlds largest recipient of foreign direct investment in the past decade? Germany China United States Mexico Japan
United States
What influences FDI?
Wage rates, labor skills, tax rates, transport and infrastructure, size of economy/potential for growth, political stability/property rights, commodities, exchange rate, clustering effects, and access to free trade areas.
Star volans is planning on expanding its business globally. In terms of the costs involved in conducting business in a country, it will be most economical for the company if it chooses a country: Where laws regarding product safety, safety in the workplace, and environmental pollution are extremely stringent With a closed totalitarian political system Where the company will have to provide its own infrastructure and supporting business With no local laws to protect intellectual property Where politicians are held accountable by the electorate
Where politicians are held accountable by the electorate
