International Final Review

Due to the pressures of competition, companies do not have any social responsibility.

false

International business is any activity involving business operations that does not cross a nation's borders.

false

Professionals such as lawyers and doctors do not have codes of ethics.

false

Tariffs and taxes often are imposed by importing countries to counteract the effects of unfair pricing by the exporting countries.

false

Whether to obey company rules can be an ethical issue for individual employees.

true

A recession in Japan would not affect business activity in Europe.

false

A company that only conducts business in its home country is called a(n)

domestic company

A war would be an example of a political or legal factor affecting international business relationships.

true

During the 1920s, every car bought in Japan was made by a U.S. company.

true

Global trade has been going on for thousands of years.

true

Individual consumers participate in the global economy.

true