Quiz 1

folkways

A Japanese executive's ritual of presenting a business card to a foreign business executive is an example of ________. attitudes folkways mores values

external stakeholders

A firm's ____________________ include customers, suppliers, and lenders. internal stakeholders community external stakeholders clients

an ethical dilemma.

A situation in which none of the available alternatives seems morally acceptable is called: the free rider problem. noblesse oblige. an ethical dilemma. the tragedy of the commons.

trustees

According to Islam, those who hold property are regarded as ________. owners trustees tenants speculators

businesses should not undertake social expenditures beyond those mandated by the law and required for the efficient running of a business.

According to the Friedman doctrine: a multinational's home-country standards of ethics are inappropriate to follow in foreign countries. businesses should not undertake social expenditures beyond those mandated by the law and required for the efficient running of a business. if a manager of a multinational sees that firms from other nations are not following environmental legislation in a host nation, that manager should not either. ethics are nothing more than the reflection of culture.

Cultural relativism

Child labor is permitted and widely employed in Country X. A multinational company entering Country X decides to employ minors in its subsidiary, even though it is against the multinational's home-country ethics. Which of the following approaches to business ethics would justify the actions of the multinational company? The justice theory Righteous moralist Cultural relativism The rights theory

moral courage

Companies can strengthen the _____________ of employees by committing themselves to not retaliate against employees who complain about unethical actions. ethical strategies code of ethics organizational culture moral courage

a set of moral principles, or values, that are used to guide and shape behavior.

Ethical systems are: routine conventions of everyday life. a set of moral principles, or values, that are used to guide and shape behavior. shared beliefs and rituals that are concerned with the realm of the sacred. social rules that govern people's actions toward each other.

a strong connection is likely to produce the most viable competitors.

For international businesses, the connection between culture and competitive advantage is important because: a strong connection is likely to hamper innovation. a weak connection is likely to encourage isolationism. a strong connection is likely to produce the most viable competitors. a weak connection is likely to encourage competition.

facilitating payments made to expedite routine government action.

The Convention on Combating Bribery of Foreign Public Officials in International Business Transactions excludes: payments to government officials for special privileges. grease payments to gain exclusive preferential treatment. facilitating payments made to expedite routine government action. bribes made to secure contracts that would otherwise not be secured.

utilitarian

The ___________ approaches to ethics hold that the moral worth of actions or practices is determined by their consequences. righteous moralist utilitarian naIve immoralist cultural relativist

tragedy of the commons

The ______________________ occurs when a resource is shared by all, but owned by no one, is overused by individuals, resulting in its degradation. inequity aversion noblesse oblige Friedman effect tragedy of the commons

a multinational's home-country standards of ethics are the appropriate ones for companies to follow in foreign countries.

The righteous moralist suggests that: a multinational's home-country standards of ethics are the appropriate ones for companies to follow in foreign countries. if a manager of a multinational sees that firms from other nations are not following ethical norms in a host nation, that manager should not either. ethics are nothing more than the reflection of culture. the social responsibility of business is to increase profits, so long as the company stays within the rules of law.

Rule-based law

There are three values central to the Confucian system of ethics that have very important economic implications. Which of the following is one of these? Rule-based law Honesty in dealings with others Filial piety Humaneness

Caste system

Which of the following is a closed system of stratification in which social position is determined by the family into which a person is born, and change in that position is usually not possible during an individual's lifetime? Social system Class system Cultural system Caste system

Increased loyalty towards an individual company

Which of the following is a consequence of the emphasis on individual performance in many Western societies? Executives are not exposed to different ways of doing business Increased loyalty towards an individual company High degree of managerial mobility Decreased entrepreneurship

Organization culture

Which of the following refers to the values and norms that the employees of an organization share? Power orientation Vision statement Cultural relativism Organization culture

Max Weber

Which of the following sociologists made a connection between Protestant ethics and "the spirit of capitalism"? Karl Marx Max Weber Adam Smith Amartya Sen

The values and norms of a society influence social structure.

Which of the following statements about values and norms of a culture is true? The values and norms of a society influence social structure. The values and norms of a society are not the evolutionary product of a number of factors. The values and norms of a society emerge fully formed. The values and norms of a society are not influenced by religion.

Social mobility within a class system varies from society to society.

Which of the following statements is true about a class system? Social mobility within a class system varies from society to society. A class system is a more rigid form of social stratification, compared to a caste system. A class system is a closed form of stratification. In a class system, social position is determined at birth and cannot be changed during an individual's lifetime.