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
Date: September 3rd, 2020
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 B. After seeing a whole new collection of phones at a store, Max is regretting the purchase of an outdated […]
Date: September 3rd, 2020
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. […]
Date: September 3rd, 2020
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 […]
Date: September 3rd, 2020
QUESTION Which of the following statements is true about the Sullivan principles? A. They were widely opposed by U.S. firms, such as General Motors, operating in South Africa. B. They promoted the abolition of apartheid laws. C. It has been argued that they led to the violation of human rights in South Africa. D. They […]
Date: September 3rd, 2020
QUESTION Ten years after he proposed what came to be known as Sullivan’s principles, Leon Sullivan concluded that following his principles: A. was the most ethical way of doing business in South Africa. B. was not sufficient to ethically justify the existence of Western businesses in South Africa. C. would be effective only when companies […]
Date: September 3rd, 2020
QUESTION Which of the following is most likely to be considered unethical? A. Galaxy Inc. ceased its operations in some developing nations on account of low employment standards in those countries. B. Unicorn Inc. sells its medicines at a lower price in less developed nations. C. Capricorn Inc., a multinational company operating in developing nations, […]
Date: September 3rd, 2020
QUESTION Which of the following best exemplifies the global tragedy of the commons? A. A firm exploiting the weak employment standards in a host nation B. A firm dumping its chemical wastes directly into an ocean C. A firm exploiting the weak intellectual property rights in a developing nation D. A neighboring country opposing the […]
Date: September 3rd, 2020
QUESTION Which of the following occurs when a resource held jointly by all, but owned by no one, is overused by individuals, resulting in its degradation? A. Social loafing B. Cultural relativism C. The tragedy of the commons D. A deadweight loss E. Capital deepening ANSWER C
Date: September 3rd, 2020
QUESTION The term global commons refers to: A. social norms and values that are common across the globe. B. a group of nations that share similar ideologies on globalization. C. natural resources from which everyone benefits but for which no one is specifically responsible. D. common laws to be obeyed by companies involved in international […]
Date: September 3rd, 2020
