QUESTION In order to build large production units and expedite certain routine government actions related to this, Scorpius Inc. made legal payments to the government officials of a host nation. Such payments are typically referred to as: A. bribes. B. speed money. C. customs duties. D. excise taxes. E. preferred dividends. ANSWER B
QUESTION Which of the following statements is true of facilitating payments? A. According to the Foreign Corrupt Practices Act, “facilitating payments” are as illegal as bribes. B. Facilitating payments are payments to secure contracts that otherwise would not be secured. C. It is ethical to have a zero-tolerance approach toward facilitating payments. D. Companies are […]
QUESTION Which of the following refers to the idea that businesspeople should consider the social consequences of economic actions when making business decisions, and that there should be a presumption in favor of decisions that have both good economic and social consequences? A. Corporate dissonance B. Class consciousness C. Corporate dynamism D. Social responsibility E. […]
QUESTION In a business setting, the term noblesse oblige refers to: A. a benevolent behavior that is considered the responsibility of successful enterprises. B. obliging a government official with the expectation of a reciprocal favor. C. rich corporations abusing their power for private gain. D. preferential treatment received by successful companies from governments. E. tax […]
QUESTION Which of the following refers to accepted principles of right or wrong that govern the conduct of a person, the members of a profession, or the actions of an organization. A. strategy B. goodwill C. ethics D. mission E. vision ANSWER C
QUESTION Which of the following best exemplifies noblesse oblige? A. Multinational corporations gaining monopoly rights in developing countries in order to weaken the local competition B. Multinational corporations funding schools, universities, and hospitals in developing countries C. Multinational corporations altering the laws of a host country to suit their businesses D. Multinational corporations bribing poorly […]
QUESTION The Sullivan principles attempted to fight against: A. globalization. B. apartheid laws. C. legalization of facilitating payments. D. democratic structures. E. anti-dumping laws. ANSWER B
QUESTION Which of the following best exemplifies an ethical dilemma? A. Javier has been doubtful about a car he purchased recently, and hence has been reading only good reviews about the car to console himself. B. After seeing a whole new collection of phones at a store, Max is regretting the purchase of an outdated […]
QUESTION Due to certain strict environmental and employment standards in its home nation, Taurus Inc. has shifted its operations to developing nations. Hence, the firm has now been able to gain competitive advantage by avoiding costly pollution controls. This strategic move of Taurus Inc. will be considered: A. illegal. B. ethical. C. immoral. D. uneconomical. […]
QUESTION Davis is the manager of a pharmaceutical manufacturing facility in a developing country. The manufacturing unit does not meet the acceptable standards of the manufacturing facility in the home nation. He knows that demanding a better manufacturing unit will raise the cost of the drugs mainly exported to other less developed countries, and hence […]
