IBUS QUIZ 4

Which of the following grants protection to the creators of art, music, books, software, movies, and TV shows?

Copyright

In terms of csr and sustainability going wide implies

A continuous effort to understand how CSR and sustainability affect every aspect of the firm's operations worldwide.

In 2014,________ was the largest single source of counterfeit products imported into the U.S.

China

Recent advances in Technology used in communications has made it quite difficult to deceive consumers in other countries.

False

Scholars examining ethics from the perspective of relativism hold that ethical truths are absolute.

False

Sometimes managers will engage in questionable practices because they believe that the end justify the means. However, even if the desired end results are good, the means used to achieve those results are likely unethical.

False

Sometimes managers will engage in questionable practices because they believe that the ends justify the means, If the desired end results are indeed good, then unethical behavior is actually unlikely to have occurred.

False

The ethical relativism approach to ethical management holds that the best action emphasizes moral excellence and righteousness which provide for the full development of our humanity.

False

Piracy is equivalent to counterfeiting

True

The virtue approach to ethical management hold that the best action emphasizes moral excellence and rightouesness that provide for the full development of our humanity

True

The virtue approach to ethical management holds that the best action emphasizes moral excellence and righteousness which provide for the full development of our humanity

True

Upholding the right to join labor unions is an example of CSR values.

True

Widespread corruption hinders economic development.

True

The __ is a policy platform and practical framework for companies committed to sustainability and responsible business practices. It is the world's largest voluntary corporate citizenship initiative, representing thousands of businesses in more than 135 countries.

United Nations Global Compact

An individual who believes in ethical normativism is most likely to view ethical behavioral standards as ________.

universal

Which of the following approaches to ethical standards for corporate governance reflects the view that the best ethical action is the one that provides the most good or the least harm?

utilitarian approach

Which of the following approaches to ethical standards for corporate governance reflects the view that the best action treats everyone equally and in a just manner?

Fairness approach

According to the framework for arriving at ethical decisions, a course of action must be identified as soon as the ethical problem is detected.

False

An expatriate manager who believes in ethical normativism is most likely to view ethical behavioral standards as doing whatever is considered normal in each foreign location where the firm does business.

False

Counterfeiting and Piracy both represent serious problems for firms doing significant business internationally, However their impact on firms is substantially different.

False

In nations where widely held ethical norms are questionable, it is probably not a good idea for expatriate managers to hold themselves to ethical standards that are more strict than what local laws and values require.

False

_______refers to offering, giving, receiving, or soliciting anything of value to influence the actions of a government official or a corporate manager.

Bribery

________ represents the apex of the pyramid of ethical behavior.

Corporate social responsibility

Which of the following is true with regard to corruption?

Corruption harms the poorest in societies.

Fandango Boots (Scenario) Fandango Boots is outdoor hiking supplies store specializing in all-weather quality hiking boots. Fandango has decided to expand production by contracting a supplier in Viet Nam to make boots for them, The Vietnamese supplier offers the best deal on price and guaranteed delivery. But the management at Fandango has discovered that the supplier's factories employ underage children and exposes them to dangerous safety problems, Of the following choices, which indicates that Fandango has a strong social interest?

Despite the overseas vendor's good deal on price and delivery guarantees, Fandango decides not to enter into a contract with it because according to Freedom, tolerating sweatshop conditions is unethical.

________ refers to ideas or works created by individuals or firms and includes a variety of proprietary, intangible assets: discoveries and inventions, artistic, musical, and literary works; and words, phrases, symbols, and designs

Intellectual Properties

________ refers to ideas or works created by individuals or firms and includes a variety of proprietary, intangible assets: discoveries and inventions; artistic, musical, and literary works; and words, phrases, symbols, and designs

Intellectual property

Trademarks, copyrights, and patents are examples of________.

Intellectual property rights.

According to the virtue approach__________.

The best action emphasizes moral excellence and righteousness which provide for the full development of our humanity.

Economic interests refer to a company's economic impact on___________.

The localities where it does business

Which of the following is not true about Coca-Cola

They have never been criticized for endangering limited water supplies.

Corporate codes of conduct emphasize standards related to ethics and social responsibilities.

True

Corporate social responsibility represents the apex of the pyramid of ethical behavior.

True

Ethical behavior is essential for business success

True

Ethical behavior is essential for business success.

True

Ethics and appropriate behavior transcend all international business activities and figure prominently in management decisions about financial performance and competitive advantage

True

Ethics and appropriate behavior transcend all international business activities and figure prominently in management decisions about financial performance and competitive advantage.

True

Which of the following approaches to ethical standards for corporate governance reflects the view that the best action emphasizes the welfare of the entire community or nation?

common good approach

Which of the following would most likely be considered an appropriate action for a multinational company in meeting its global corporate social responsibility obligations?

devoting substantial R&D to poor-country ailments

When applying the five-step framework for making ethical decisions, managers should, at first, ________.

recognize the ethical problem

Which of the following acts makes it illegal for U.S. firms to offer bribes to foreign parties in order to secure or retain business?

the U.S. Foreign Corrupt Practices Act

From the following choices which is the best definition of corruption?.

the abuse of power to achieve illegitimate personal gain

Economic interests refer to a company's economic impact on _____________.

the localities where it does business