IBUS 380 McGraw Hill Exam 1

Identify the correct statement about the rights theories

Human beings have fundamental rights and privileges that transcend national boundaries

Article 1 of the United Nations Universal Declaration of Human Rights states: All human beings are born free and equal in dignity and rights. This best echoes

Kantian ethics

which situation would require the use of a trademark?

a clothing manufacturer wants to differentiate its new line of jeans by naming the line "Ocean Blue"

Tiana is a cultural relativist, which means she likely believes

a firm should adopt the ethics of the culture in which it is operating

All things being equal, which nation offers a more attractive place to do business?

a nation with a market-based economic system

under the veil of ignorance, everyone is imagined to be ignorant of

all of their particular characteristics

which scenario is an example of ethnocentrism?

an American manager criticizes the cultural practices of Saudi Arabia, when he is sent there on business, because it differs from his own cultural norms.

how does managing an international business differ from managing a domestic business?

countries differ in their cultures and systems

Article 23 of the Universal Declaration of Human Rights implies that it is unethical to imply child labor in sweatshop settings and pay less than subsistence wages, even if that happens to be common practice in some countries. This thinking is in direct contrast to

cultural relativism

in its extreme viewpoint, ___________ suggests that if a culture supports slavery, it is all right to use slave labor in the country.

cultural relativism

the role of the government in a market economy involves

encouraging vigorous free and fair competition among private producers

Sangeeta is to attend a business dinner with executives from her company. She knows that it will be important to dress in business attire, display good social manners, and eat with the correct utensils. These actions represent

folkways

what is a risk associated with globalization?

global financial contagion

How would economists characterize the relationship between globalization and poverty?

globalization has improved the lot of the world's poorer nations which has led to an overall decrease in poverty

in countries where the value of ___________ identification is considered to be primary, managers and workers are discouraged from moving from company to company.

group

Grant works at a fast-food restaurant. One day he noticed a coworker giving free food to a friend. In not knowing how to handle the situation, Grant will most likely follow the example of

his supervisor

According to the naive immoralist,

if firms in a host nation do not follow ethical norms, then the manager of a multinational should not follow ethical norms there either.

Hindus believe

in reincarnation, or rebirth into a different body, after death

Tanveer thinks that his individual freedoms should be guaranteed, and that people should be able to pursue their own economic self-interest. Tanveer is a proponent of

individualism

which statement is true about the International Monetary Fund?

it is seen as the lender of last resort to nation-states whose economics are in turmoil

the ________ refers to the extent to which a culture programs its citizens to accept delayed gratification of their material, social, and emotional needs.

long-term versus short -term orientation dimension

Hofstede's masculinity versus femininity dimension looked at the relationship between gender and work roles and found that in

masculine cultures, gender roles, were differentiated, and traditional "masculine values" determined cultural ideals

Sal has been in trouble his whole life. He stole from the local hardware store when he was 12, and as an adult he didn't feel the need to be faithful to his wife. Sal is guilty of violating

mores

a _____________ asserts that 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.

naive immoralist

the benefits, costs, and risks associated with doing business in a country are a function of that country's

political, economic, and legal systems

what is a feature of right-wing totalitarianism?

provision of partial individual economic freedom along with restricted individual political freedom

which statement is true of "highly indebted poorer countries"?

servicing heavy debt leaves HIPCs with little left to invest in public infrastructure

containerization has revolutionized the transportation business by

simplifying the transportation process and lowering the cost of shipping goods

an act as simple as shaking hands when meeting new people is an example of

symbolic behavior

in the international business setting, one of the most common ethical issues involves

the moral obligation of multinational corporations

which statement is true about the murabaha contract?

the murabaha contract is widely used among the world's Islamic banks because it is the easiest to implement

the government of Iran is ruled by religious figures and they ensure that citizens adhere to Islamic teachings. Iran is what kind of law system?

theocratic

Why has little progress has been made toward the ambitious goals set at the 1992 Earth Summit in Rio de Janeiro?

there is a culture of denial in the United States

contracts drafted under a common law framework tend to be

very detailed with contingencies spelled out

in the last two decades, Latin American countries such as Brazil, Mexico, and Chile have

welcomed foreign investment

which of these is a characteristic of a pure common economy?

all businesses are owned by the state

the downside of increased globalization is

a severe crisis in one region can affect the entire globe

which statement is characteristic of an international businesses?

all MNEs are international businesses

an upper-middle-class manager tends to have hostile relationships with the working-class employees in the firm because of his tendency to perceive himself as superior to them based on his class background. In this example, the manager exhibits

class consciousness

Izzy was found guilty of a crime which demanded a prison sentence. The length of her sentence was based on previous cases similar to hers and what is traditionally prescribed for the type of crime she committed. Izzy was tried and convicted under what kind of law system?

common