mgt 301 ch3

The seventeen Sustainable Development Goals constitute an ambitious agenda to significantly improve the human condition by ________. 2040 2050 2020 2030

2030

According to Aristotelian virtue ethics, which of the following statements is true? A good, or virtuous, individual does what is right for the right reasons. A given act is morally correct if the ratio of benefit to harm is greater than the ratio resulting from an alternative act. The universe is described and categorized from a detached, objective viewpoint. Social and institutional arrangements play an insignificant role in the formation of good character in individuals.

A good, or virtuous, individual does what is right for the right reasons

Which of the following is likely to present an opportunity for MNCs to make a positive impact in developing countries? Lax environmental standards Underdeveloped infrastructure Low wage rates Adoption and exportation of best practices

Adoption and exportation of best practices

In early 2010, the issue of relatively low wages paid by ________ subcontractors made the headlines after a number of suicides by workers at factories run by Foxconn. Vietnamese Chinese Mexican Malaysian

Chinese

________ can be defined as the actions of a firm to benefit society beyond the requirements of the law and the direct interests of the firm. Corporate social responsibility Law Governance Ethics

Corporate social responsibility

According to the latest corruption index of countries around the world, the country with the lowest level of perceived corruption is ________. Mexico Brazil Denmark Hong Kong

Denmark

Which of the following views the individual as part of, rather than separate from, nature? Aristotelian virtue ethics Utilitarianism Kantian philosophical traditions Eastern philosophy

Eastern philosophy

Which of the following is not one of the seventeen U.N. Sustainable Development Goals? Ensuring environmental sustainability Ensuring free vaccinations for women Eradicating discrimination against women Reducing poverty

Ensuring free vaccinations for women

All of the following regions are associated with "crony capitalism" except ________. Africa Europe Latin America Asia

Europe

________ can be best defined as an organized social movement and market-based approach that aims to help producers in developing countries obtain better trading conditions and promote sustainability. Corporate governance Fair trade Trade union Nongovernmental organization activism

Fair trade

________ can be best defined as an organized social movement and market-based approach that aims to help producers in developing countries obtain better trading conditions and promote sustainability. Trade union Fair trade Nongovernmental organization activism Corporate governance

Fair trade

According to a study conducted by the World Economic Forum, an international nonprofit organization that measured the economic opportunities and political empowerment of women by nation in 2015, Japan occupied the first rank in the "gender gap index."

False

Eastern perspectives attempt to describe and categorize the universe from a detached, objective viewpoint.

False

In the context of corporate governance, the U.K. and U.S. systems have been termed insider systems because ownership tends to be much more concentrated, with shares often being owned by holding companies, families, or banks.

False

In the context of corruption, it was observed that when U.S. multinationals stopped influencing foreign officials through personal payments or political contributions, they were unable to sell in that particular market.

False

Kantian moral analysis accepts consequences (either conceivable or likely) as morally irrelevant when evaluating the choice of an agent.

False

Many NGOs recognize that MNCs fail to adhere to high standards of social and environmental responsibility in host countries' markets.

False

Patagonia shows that a company that transforms its corporate strategy to emphasize "doing good" socially and environmentally cannot do well economically.

False

Sustainability involves development that meets humanity's needs by harming future generations.

False

The existence of equal opportunity in French and German law guarantees that equal opportunity initiatives will be implemented.

False

In the context of human rights, identify a true statement about women's rights and gender equity. Germany has seen an increase in the number of women both in the workforce and in management positions. Japan has equal opportunity initiatives, whether they are guaranteed by law or are represented by growing social groups. Many women college graduates in Great Britain are still offered only secretarial or low-level jobs. Two-thirds of businesses in France have no female members on their senior leadership teams.

Germany has seen an increase in the number of women both in the workforce and in management positions

All of the following companies have been criticized by NGOs for actions portraying lack of social responsibility in developing countries except ________. Levi's Nike Chiquita Hewlett-Packard

Hwelett-Packard

Which of the following statements is true about utilitarianism? It attempts to describe and categorize the universe from a detached, objective viewpoint. It is an attractive perspective for business decision making. It emphasizes the formation of good character in individuals. It is aimed at minimizing utility and maximizing morality.

It is an attractive perspective for business decision making

Which of the following statements is incorrect about the treaty that initially included 29 nations that belong to the Organization for Economic Cooperation and Development (OECD) and marked a victory for the United States?

It outlaws most payments to political party leaders.

Which of the following statements about the Transparent Agents Against Contracting Entities (TRACE) is incorrect? It was developed after a review of the practices of 34 companies. It applies to business intermediaries. It was developed as a way to prevent the shifting of corrupt practices to suppliers and intermediaries. It was established by Latin American companies.

It was established by Latin American companies

Which of the following statements is true about women's rights and gender equity in Japan?

Many women college graduates are still offered only secretarial or low-level jobs

Identify a statement about NGOs that is false. Large global NGOs are active in all parts of the world. NGO activism has been responsible for minor changes in corporate behavior and governance. NGOs are regarded as a counterweight to business and global capitalism by some observers. The force of NGOs has been felt in a range of major public policy debates.

NGO activism has been responsible for minor changes in corporate behavior and governance

Latin American countries have established the ________ Inter-American Convention Against Corruption, which entered into force in March 1997. FCPA OECD OAS TRACE

OAS

All of the following are examples of NGOs except ________. CARE OECD Save the Children Oxfam

OECD

The seventeen Sustainable Development Goals include ________. reduction of poverty institutional reform enhanced college education accelerated industrialization

Reduction of poverty

In the context of sustainability in operations and products, Nestlé encourages ________. long-distance shipping of raw materials resource efficiency compensation benefits use of industrial refrigerants

Resource efficiency

In the context of human rights, which country has experienced widespread human trafficking that has accelerated in recent years? Russia India South Africa China

Russia

Which of the following scenarios best exemplifies a glass ceiling effect? Elena asks her team to contribute toward a green economy. Roger asks his senior manager to standardize compensation packages at the top level. Keith is not considered for the role of a factory worker because he is a child. Sheba is not considered for the role of a senior manager because she is a woman.

Sheba is not considered

According to the latest corruption index of countries around the world, the country with the highest level of perceived corruption is ________. Ukraine Somalia Chile Poland

Somalia

In the context of corruption, the ________ standard was developed as a way to prevent the shifting of corrupt practices to suppliers and intermediaries.

TRACE

Which of the following statements is true about the adage "When in Rome, do as the Romans do"? The adage is derived from the idea of cultural relativism. Its logic is similar to an economic calculation of utility or cost-benefit. The adage assumes that an individual is distinct from the entire universe. It is derived from the idea that a virtuous individual derives utmost satisfaction from his or her good actions.

The adage is derived from the idea of cultural relativism

Which of the following constitutes an ambitious agenda to significantly improve the human condition by 2030? The Human Rights Act 1993 The Foreign Corrupt Practices Act The NAFTA The seventeen Sustainable Development Goals

The seventeen Sustainable Development Goals

Which of the following statements is true about Kantian philosophical traditions? They state that rational beings are incapable of evaluating their choices through the lens of a universal law or the "categorical imperative." They ask to accept consequences, either conceivable or likely, as morally relevant when evaluating the choice of an agent. They argue that individuals have responsibilities based on a core set of moral principles that go beyond those of narrow self-interest. They argue that what is distinctive about rational behavior is the fact that it is self-interested and purpose driven.

They argue that individuals have responsibilities based on a core set of moral principles that go beyond those of narrow self interests

Corporate social responsibility includes the actions of a firm that go beyond the requirements of the law and the direct interests of the firm.

True

In Japan, women in the workforce still experience the effects of a "glass ceiling."

True

In November 2015, Morgan Stanley stated that it has a responsibility to guide the global community toward a low-carbon economy as a financier.

True

One Percent for the Planet is an international nonprofit dedicated to philanthropy for environmental organizations cofounded by the founder of Patagonia.

True

Tesla has collaborated with several other researchers and car manufacturers to produce greener automobiles to achieve its secondary goal of inspiring sustainability across the entire automobile industry.

True

The study of morality and standards of conduct is referred to as ethics.

True

Utilitarianism favors the greatest good for the greatest number of people under a given set of constraints.

True

The United Nations has a division dedicated to the education, promotion, facilitation, and advocacy of sustainable practices and environmentally sound concerns called the ________. UNIFEM UNODC UNRWA UNEP

UNEP

In the context of human rights, which of the following best reflects a glass ceiling effect? Reduction of child labor Sexual harassment at workplace Standardized compensation packages Unequal managerial opportunities

Unequal managerial opportunities

In November 2015, on the opening day of the United Nations climate summit in Paris, which of the following MNCs announced that it would no longer provide financing to coal-mining companies in both the developed and developing world? JPMorgan Chase Merrill Lynch Wells Fargo HSBC

Wells Fargo

In the context of globalization and ethical obligations of MNCs, the transfer of the labor force overseas creates: an ideal environment for women to work in. a general ambiance of nondiscriminatory practices. equal employment opportunities for both men and women. an interesting dynamic in the scope of ethics and corporate responsibility.

an interesting dynamic in the scope of ethics and corporate responsibility

NGOs that seek to promote ethical and socially responsible business practices are generating substantial changes in all of the following areas except ________. business development corporate management corporate governance strategy

business development

Corporate governance: can be defined as the system by which business corporations are directed and controlled. seeks to serve society's interests by focusing on social, political, and economic issues such as poverty, social justice, education, health, and the environment. can be defined as the actions of a firm to benefit society beyond the requirements of the law and the direct interests of the firm. can be defined as development that meets humanity's needs without harming future generations.

can be defined as the system by which business corporations re directed and controlled

The ________ specifies the distribution of rights and responsibilities among different participants in a corporation and spells out the rules and procedures for making decisions on corporate affairs. Rainforest Action Network nongovernmental organizations Foreign Corrupt Practices Act corporate governance structure

corporate governance structure

According to the principles of the global compact, the elimination of discrimination with respect to employment and occupation falls under the category of ________. human rights environment anticorruption labor

labor

According to the principles of the global compact, the principle "Freedom of association and the effective recognition of the right to collective bargaining" applies to ________. environment anticorruption labor human rights

labor

In the context of corporate governance, the U.K. and U.S. systems have been termed ________ systems because of dispersed ownership of corporate equity among a large number of external investors. outsider cascade insider ethical

outsider

In the context of corporate governance, in an insider system, such as that in many continental European countries, ________. institutions have limited direct control institutional investor ownership is predominant corporate equity is largely dispersed among outside stakeholders ownership tends to be much more concentrated

ownership tends to be much more concentrated

In an attempt to achieve its secondary goal of inspiring sustainability across the entire automobile industry, Tesla ________. partnered with Mercedes to provide power train components for its electric models introduced a full-size SUV, named the Model X, as the latest addition to its fleet in late 2015 designed a high-performance sports car that could accelerate from zero to 60 in less than four seconds partnered with Toyota to design luxury sedans for the masses

partnered with Mercedes to provide power train components for its electric models

The Transparent Agents Against Contracting Entities (TRACE) standard was developed to: serve as a formal agreement by a host of industrialized nations to outlaw the practice of bribing foreign government officials. prevent multinationals from disguising personal payments as consulting fees. prevent the shifting of corrupt practices to suppliers and intermediaries. support and respect the protection of international human rights within their sphere of influence.

prevent the shifting of corrupt practices to suppliers and intermediaries.

Development that meets humanity's needs without harming future generations is termed ________. governance sustainability social responsibility corporate responsibility

sustainability

The Environmental Kuznets Curve (EKC) has an inverted U-shape partly because: the emission of wastes decreases with income at relatively low levels of income. working conditions are regularized at relatively low levels of income. compensation packages are standardized at relatively high levels of income. the use of natural resources increases with income at relatively low levels of income.

the use of natural resources increases with income at relatively low levels of income

In the context of human rights, one violation of human rights that resonated with MNCs and made them question whether to move operations into China was: the open discrimination against women in China since 1979. the dramatic increase in the use of death penalty in China. the violent June 1989 crackdown on student protesters in Beijing's Tiananmen Square. the imposition of restrictions on religious practices by foreigners in China in January 1994.

the violent June 1989 crackdown on student protesters in Beijing's Tiananmen Square

Social sustainability for the company Patagonia includes: third-party audits of factories that provide nonbiased assessments of the factories. permission to use formaldehyde in the manufacture of its clothing. the discretion of each factory to determine the percentage of each product that is recyclable. modification of its supply chain from an environmental viewpoint, leaving corporate social responsibility solely in the hands of each supplier.

third-party audits of factories that provide nonbiased assessments of the factories

Unlike Western perspectives, Eastern perspectives ________. provide an account of what character traits contribute to pursuing and realizing the good in concrete ways emphasize the greatest happiness principle as an individual's moral standard are based on a logic similar to an economic calculation of utility or cost-benefit typically hold that people are an intrinsic and inseparable part of the universe

typically hold that people are intrinsic and inseparable part of the universe

"Crony capitalism" describes business practices in countries with ________. limited government interference weak corporate governance well-developed legal and institutional protections market-oriented economic systems

weak corporate governance