Examen 2
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
According to the ___ point-of-view, a firm should adopt the ethics of the culture in which it is operating.
Cultural relativism
Which of the following is true regarding culture?
Culture is not static.
The most widely spoken language in the world is
English
Folkways do not include rituals and symbolic behavior.
False
Heckscher-Ohlin theory does not support the case for unrestricted free trade between nations.
False
In today's world of global communications, rapid transportation, and global markets, cultural differences have ceased to exist.
False
The ethical obligations of a multinational corporation toward employment conditions, human rights, environmental 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 it is able to produce for itself.
False
The ___ outlawed the paying of bribes to foreign government officials to gain business.
Foreign Corrupt Practices Act
___ trade refers to a situation in which a government does not attempt to influence through quotas or duties what its citizens can buy from another country or what they can produce and sell to another country.
Free
David Ricardo's theory of comparative advantage explains:
International trade in terms of international differences in labor productivity
___ supports the idea that countries should export more than what they import.
Mercantilism
In the opening case of Chapter 6, ___ was the free trade deal that Prez Donny Boi called "the worst trade deal maybe ever singed anywhere"
NAFTA
___ stresses that in some cases countries specialize in the production and export of particular products because the world market can support only a limited number of firms.
New Trade theory
Values and norms that are shared among employees of an organization refers to
Organization culture
OECD stands for
Organization for Economic Cooperation and Development
___ recognize that human beings have fundamental rights and privileges which transcend national boundaries and cultures.
Rights theories
According to Max Weber, Protestantism encouraged capitalism's development by emphasizing the importance of wealth creation and frugality.
True
Ethical strategy is a course of action that does not violate ethical principles.
True
Social responsibility refers to the idea that business people should favor decisions that have both good economic and social consequences.
True
Values are abstract ideas about what a group believes to be right, good, and desirable.
True
What is considered normal business practice in one country may be considered unethical in other countries.
True
The ___ approaches to ethics hold that the moral worth of actions or practices is determined by their consequences.
Utilitarian
___ is/are best defined as shared assumptions about how things ought to be.
Values
___ is the official ethical system of China.
___ is the official ethical system of China.
According to the chapter 6 (International Trade Theory), a country has an ___ ___ in the production of a product when it is more efficient than any other country at producing it.
absolute advantage
A firm's ___ are individuals or groups that have an interest, claim, or stake in the company, in what it does, and in how well it performs
stakeholders
Abstract ideas about what a group believes to be good, right, and drivable is called
values
