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 B. After seeing a whole new collection of phones at a store, Max is regretting the purchase of an outdated […]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 […]
QUESTION According to the concept of cultural relativism, a firm, while operating in any host country, should adopt the ethics of the culture that is predominant in its home country Indicate whether the statement is true or false. ANSWER FALSE Cultural relativism believes that ethics are nothing more than the reflection of a culture—all […]
QUESTION A righteous moralist claims that while operating in a foreign country, a multinational company should follow the ethical standards of the host country. Indicate whether the statement is true or false. ANSWER FALSE A righteous moralist claims that a multinational’s home-country standards of ethics are the appropriate ones for companies to follow in […]
