International Business Ch. 5

A _____ strategy is a conscious and proactive use of methods that do not harm the planet, people or profits while leaving a positive impact

Sustainable

International business frequently have to address ethical issues that develop because...

countries have different business laws, practices, and regulations

Organizational ______ is the name given to the values and norms that are shared among employees of an organization

culture

______ refers to the moral obligation to act in an honorable and benevolent manner

noblesse oblige

Which maxim accurately summarized the concept of cultural relativism

when in Rome, do as the Romans do

What human characteristic did Immanuel Kent use as the basis of his ethical theory?

Dignity

_______ are situations where none of the available alternatives seems morally acceptable.

Ethical dilemmas

To ensure that the business has appropriate legal compliance programs and acts in an ethical manner, some firms now have created a position for an ______ officer

Ethics

The theory that states that businesses should not incur social expenditures unless required by law or required for the efficient operations of a business is ther

Friedman Doctrine

A ____ distribution is one that is considered fair and equitable

Just

Certain theories accept that there are rights, both positive and negative, that all humans have simply because they are human. These are known as ________ theories.

Rights

Which two theories provide the moral compass that is important when thinking through the ethical implications of decisions in a systematic way?

Rights and Rawl's theory of justice

Two examples of external stakeholders

Suppliers and customers

The belief that ethics are culturally determined and a firm should adopt the ethics of the country it is doing business in is

cultural relativism

After US companies objected that the FCPA would put them at a competitive disadvantage, the Foreign Corrupt Practices Ace was eventually amended to allow for

grease payments

The righteous moralist person says that a multinational's ____ country standards of ethics are the appropriate approach to follow in foreign countries

home

The basic principles and values that govern interactions between individuals are known as

personal ethics

How do facilitating payments benefit a company

smooths the progress of services to which the business is entitiled

Which approach to business ethics includes cultural relativism, the righteous moralist, and the naive immoralist

straw men

______ ethics measure actions on a cost-benefit scale

utillitarian

The accepted standards or ways of doing things in a particular setting are known as...

Norms

Which two of the following are problems with the utilitarian approach to business ethics

accurately weighing the costs and benefits of a given situation, and dealing with unjust actions even if they benefit the majority of people

Many companies develop a formal statement of primary values and ethical standards for employees and managers to follow. This is called....

code of ethics

Some ethics experts have proposed practical guides or ethical _____ to make ethical decisions in a systematic way

algorithms

An amendment to the Foreign Corrupt Practices Act allowed for the use of_____ in which a business ensure that it will receive the standard treatment it ought to receive from a foreign government

facilitating payments

A payment which ensures that a business receives the standard treatment that it ought to receive from a foreign gov't is know as

Speedy money

The straw men approach to ethics is comprised of four approaches. What are those four approaches?

Cultural relativism, friedman doctrine, naive immoralist, righteous moralist

The _______ believes that if a multinational firm does not follow the ethical norms of the host country, then other multinational firms don't have to follow them

naive immoralist

According to the text, which three of the following actions can managers take to ensure that ethical issues are considered in business decision making?

Build an organizational culture that values ethical behavior, favor hiring and promoting of people with a sense of personal ethics, implement decision-making processes that consider ethical aspects of business decisions.

A business strategy that does not violate the accepted principles of right or wrong governing the conduct of businesspeople is called an ______ strategy

Ethical

Which four of the following are determinants of ethical behavior?

Leadership, personal ethics, societal culture, and organizational culture

A policy of racial segregation and political and economic discrimination against nonwhites in South Africa was known as the

apartheld system