IBT2
Cross-cultural literacy refers to:
An understanding of how cultural differences can affect business.
The most widely practiced religion in the world with some 2.20 billion followers is
Christianity
Which of the following is true regarding culture?
Culture is not static
Ethical Strategies are the accepted principles of right or wrong governing the conduct of businesspeople.
False
In today's world of global communications, rapid transportation, and global markets, cultural differences have ceased to exist.
False
Norms are abstract ideas about what a group believes to be good, right, and desirable.
False
The ethical obligations of a multinational corporation toward employment conditions, human rights, enviormental pollution, and the use of power are always clear-cut.
False
The theories of Smith and Ricardo show that countries should not engage in international trade for products that is able to produce for itself.
False
OECD stands for
Organization for Economic Cooperation and Development
According to Max Weber, Protestantism encouraged capatalism's development by emphasizing the importance of wealth creation and frugality.
True
Folkways include rituals and symbolc behavior.
True
Heckscher-Ohlin theory supports the case for unrestricted free trade between countries.
True
Social responsibility refers to the idea that businesspeople should favor decisions that have both good economic and social consequences.
True
What is considered normal business practice in one country may be considered unethical in other countries.
True
According to the Chapter 6 (International Trade Theory) a country that has an ----------------in the production of a product when it is more efficent than any other country at producing it.
absolute advantage
The Utilitrianism
approaches to ethics hold that the moral worth of actions or practices is determined by thier consequences.
A firm's stake holders
are individuals or groups that have an interest, claim, or stake in the company, in what it does, and in how well it performs.
Values and norms that are shared among employees of an organization refers to
culture
When unit costs reductions associated with a large scale of output happens, it is called...
economies of scale
The most wideley used language in the world is
english
David Ricardo's theory of comparative advantage
international trade in terms of international differences in labor productivity.
Confusionism
is the official theical system of China
Values
is/are best defined as shared assumptions about how things ought to be.
The Foriegn Corrupt Practices Act
outlawed the paying of bribes to foriegn government officials to gain business.
According to the Cultural Relativism
point-of-view, a firm should adopt the ethics of the culture in which it is operating.
Cultural Relativist
recognize human beings have fundemental rights and privileges that transcend national boundaries and cultures.
New Trade Theory
stresses that in some cases countries specialize in the production and export of particular products not because the world market can support only a limited number of firms.
Merchantilism
supports the idea that countries should export more than what they import.
Free Trade
trade refers to a situation in which the goverment does not attempt to influence through qoutas or duties what its citizens can buy from another country or what they can produce and sell to another country.
Abstract ideas about what a group believes to be good, right, and desirable is called:
values