IB MyLab Ch 4 Quiz

Nations that score well on the Corruption Perceptions Index tend to​ ________. A. use bribes as part of a business transaction B. provide unclear financial information C. deceive people to gain assets D. attract global investors E. attract very little investment

attract global investors

The first step in the​ five-step framework for ethical​ decision-making is to​ ________. A. examine the facts B. evaluate results C. implement a course of action D. create alternatives E. identify the problem

identify the problem

Global sourcing most likely raises concerns about​ ________ A. marketing products to children B. advertising and promoting products and services C. providing information to investors and customers D. operating factories that generate pollution E. identifying opinion leaders

operating factories that generate pollution

Corporate social responsibility​ (CSR) is best illustrated by an organization​ ________. A. procuring products or services from suppliers located abroad B. ignoring the working conditions of its suppliers in Latin America C. selling vaccines to people in developing countries D. charging consumers for recycling outdated electronics E. powering a certain percentage of its operations with green energy

powering a certain percentage of its operations with green energy

​________ is defined as meeting​ humanity's needs without harming future generations.

sustainability

According to the​ ________ approach, the best ethical action is the one that produces the greatest balance of good over harm. A. common good B. fairness C. rights D. virtue E. utilitarian

utilitarian

A company that decides to come forward with the truth about its unethical practices is practicing the​ ________ approach to ethical standards. A. fairness B. utilitarian C. common good D rights E. virtue

virtue

What practice is NOT a good example of​ sustainability? A. Recycling used water B. Minimizing waste C. Using​ cost-effective solar energy D. Rotating crops E. Deregulating fossil fuel usage

Deregulating fossil fuel usage

A U.S. firm does not send female managers to a country where women are expected to be subservient to men. Which of the following is being illustrated by the​ firm? A. A normative ethical perspective B. A relativistic ethical perspective C. Corporate social responsibility D. A rights approach to ethical standards E. A virtue approach to ethical standards

A relativistic ethical perspective

Which of the following is the result of good corporate​ governance? A. Attracting committed employees B. Facing increased regulatory scrutiny C. Experiencing more government intervention D. Having a lower growth rate E. Building an unfavorable brand image

Attracting committed employees

Which of the following would most likely be a social interest of a sustainable​ business? A. Offshoring B. Establishing tax flows C. Maximizing waste water D. Importing raw materials E. Avoiding the use of sweatshops

Avoiding the use of sweatshops

Which of the following situations illustrates​ sustainability? A. Unilever defunds a global handwashing campaign that aims to reduce disease in Africa. B. BMW introduces electric cars with​ carbon-fiber bodies to save fuel. C. Nokia phases in toxic materials for its cell phones. D. Coca-Cola increasingly seeks ways to use scarce water supplies. E. GAP markets a line of​ children's wear even though the supplier used child labor.

BMW introduces electric cars with​ carbon-fiber bodies to save fuel

What is a proactive approach to ethical behavior in which firms seek not only to maximize​ profits, but also to benefit society and the​ environment? A. International ethics B. Corporate social responsibility C. Engaging in philanthropy D. Superior standards E. Sustainability

Corporate social responsibility

​________ are small payments made to​ low-level government officials to perform routine duties more efficiently A. Extortions B. Blackmail payments C. Falsified contracts D. Grease payments E. Counterfeit items

Grease payments

According to the​ five-step framework for ethical decision​ making, which question is most relevant when examining the​ facts? A. Have all the groups affected been​ consulted? B. Will any personnel be​ harmed? C. What should have been done​ differently? D. What can the company do to increase market share and maximize​ profits? E. Is an ethical dilemma​ present?

Have all the groups affected been​ consulted?

What is intellectual​ property? A. Pirated and counterfeit products. B. The legal claim that protects assets. C. Unethical management practices. D. Ideas or works created by individuals or firms. E. Trademarks, copyrights, and patents.

Ideas or works created by individuals or firms

A​ company's plan for corporate social responsibility​ (CSR) is to rely solely on local suppliers for its operations. What effect will this most likely​ have? A. Hasten cultural change. B. Increase the​ company's positive economic impact. C. Eliminate ethical dilemmas. D. Add to the​ company's negative social impact. E. Reduce corruption in the company.

Increase the​ company's positive economic impact

​Coca-Cola developed a global plan to protect water resources. This is an example of what type of CSR​ value? A. Employee volunteer programs B. Avoiding human rights abuses C. Protecting the natural environment D. Guarding against corruption E. Undertaking philanthropic efforts

Protecting the natural environment

A company has an ethical challenge in that its overseas supplier is employing laborers to work in harsh conditions for next to nothing. How would a fairness approach to ethics differ from a common good approach to this​ challenge? A. The fairness approach would promote punishing the​ supplier, whereas the common good approach would promote encouraging the supplier to be more equitable. B. The fairness approach would promote paying all of the laborers an equal​ wage, whereas the common good approach would promote lobbying the government to pass laws requiring equal wages. C. The fairness approach would promote changing​ suppliers, whereas the common good approach would promote reforming the supplier. D. The fairness approach would promote helping the laborers and the​ supplier, whereas the common good approach would promote helping only the laborers. E. The fairness approach would promote developing the local community of the​ laborers, whereas the common good approach would promote ethical requirements for the supplier.

The fairness approach would promote paying all of the laborers an equal​ wage, whereas the common good approach would promote lobbying the government to pass laws requiring equal wages

A firm has an issue with its overseas plant employing children as​ laborers, and the​ firm's top manager is using the​ five-step ethical framework to address the problem. The firm is considering the idea of educating the children several days each week in an​ on-site classroom. Based on the​ five-step ethical​ framework, which statement illustrates the manager implementing a course of​ action? A. The manager contacts a competitor that also employs children. B. The manager determines the cost of an educational program. C. The manager follows up on the​ firm's education initiative. D. The manager interviews the parents of the children. E. The manager considers offering incentives to the children.

The manager follows up on the​ firm's education initiative

What is meant by the term corporate governance​? A. Meeting​ humanity's needs today without harming future generations. B. Protecting and nurturing a​ company's corporate image. C. Moral principles about right and wrong. D. The operation of a business in a way that meets or exceeds the​ ethical, legal, and commercial expectations of its stakeholders. E. The system of procedures and processes by which corporations are​ managed, directed, and controlled.

The system of procedures and processes by which corporations are​ managed, directed, and controlled

​________ describes the values and expectations that guide the decisions of all employees in a firm A. A global ethical standard B. A code of conduct C. Corporate governance D. A code of ethics E. A sustainable practice

a code of ethics

What is the most notable form of corruption in international​ business? A. Fraud B. Bribery C. Theft D. Blackmail E. Money laundering

bribery

_______ are moral principles and values that govern the behavior of​ people, firms, and governments regarding right and wrong. A. Behavioral standards B. Social responsibilities C. Beliefs D. Ethics E. Attitudes

ethics

Law firms sometimes ask their employees to pad their billable hours or charge customers for tasks they did not perform. This is an example of​ ________. A. unethical behavior B. deceptive marketing C. unfair compensation practices D. counterfeiting E. piracy

unethical behavior