Management Exam 3!

Which of the following refers to an identifiable problem, situation, or opportunity that requires a person or organization to choose among several actions that may be evaluated as ethical or unethical?

A. Ethical issue

When people in Chicago buy coffee from Columbia, South America, they

A. are importing the coffee

Social responsibility is the obligation a business has to

A. maximize its positive impact on society and minimize its negative impact

If it wants to reduce the dollars flowing out of the country, the United States can limit the number of garments being imported from China and Vietnam by imposing

A. quota

Your fellow employees regularly take home company supplies such as paper, pens, tape, and glue for their personal use. Although you feel it is wrong to do so, you being taking home company supplies too. The strongest influence on your behavior is...

A. the overall moral climate of your organization

What name is given to a philosophy where believers seek the greatest satisfaction for the largest number of individuals

B. Utilitarianism

The phrase caveat emptor means

B. let the buyer beware

The translation of product names can be a crucial factor in the success or failure of a foreign marketing effort because of

B. sociocultural differences

By requiring products to be sold for less than what it costs to produce them, the United States is attempting to prohibit

C. Dumping

What is meant by deontology?

C. Focuses on human rights and values and on the intentions associated with a particular behavior.

According to Hofstede's cultural dimensions theory,_____ tend to be self-reliant and place a high level of importance on freedom and ambition, while____ place more value on the team than the individual.

C. Individualist; collectivists

According to the text, many foreign nations have laws that are different from those in the United States, including all of the following EXCEPT...

C. Prohibition of foreign investment

Some Americans argue that ____ should be used to keep domestic wages high and unemployment low

C. Protective tariffs

____ has become a leading issue in the 21st century as both business and the public acknowledge the damage done to the environment by past generations

C. Sustainability

A tariff that is based on the value of an item describes

C. an ad valorem tariff

Understanding that Arab businessmen tend to stand face to face with the object of their conversation reveals the importance of knowing another culture's use of

D. Body Language

According to the text, a blueprint of acceptable behavior that is passed from one generation to the next is called

D. Culture

Which of the following refers to a comprehensive evaluation of a firm's ethics and compliance program and its ethical decision used to determine whether the program is effective?

D. Ethics Audit

The ratio at which one nation's currency can be exchanged for another nation's currency or gold is the

D. Exchange rate

Also known as moral philosophies, what term describes sets of principles that describe what a person believes are the right way to behave?

D. Indvidual values

You are the vice president of marketing of a global corporation. During your career, you have had to deal with every type of problem in a global marketplace. This has required an understanding of sociocultural, political, and economic issues around the world. Your best advice to young managers would be...

D. Think globally, act locally

In analyzing the relationship between ethics and social responsibility, ethics may be viewed as

D. a component of social responsibility

What a nation pays for imports with its own goods, it is using

D. a countertrade agreement

According to Hofstede's cultural dimensions theory, some national cultures like Japan have a very____ time horizon, while others countries, such as the United States, want things to happen____

D. long; very quickly

Trading companies offer all of the following EXCEPT

D. manufacturing