QUESTION Ethics officers act as an internal ombudsperson with responsibility for handling confidential inquiries from employees. Indicate whether the statement is true or false. ANSWER TRUE Ethics officers act as an internal ombudsperson with responsibility for handling confidential inquiries from employees, investigating complaints from employees or others, reporting findings, and making recommendations for change.
QUESTION According to Milton Friedman, businesses should undertake social expenditures beyond those mandated by the law and required for the efficient running of a business. Indicate whether the statement is true or false. ANSWER FALSE Milton Friedman explicitly rejects the idea that businesses should undertake social expenditures beyond those mandated by the law and […]
QUESTION The righteous moralist’s approach to ethics is typically associated with managers from developed nations. Indicate whether the statement is true or false. ANSWER TRUE A righteous moralist claims that a multinational’s home-country standards of ethics are the appropriate ones for companies to follow in foreign countries. This approach is typically associated with managers […]
QUESTION According to Friedman’s doctrine, the only social responsibility of business is to increase profits, so long as the company stays within the rules of law. Indicate whether the statement is true or false. ANSWER TRUE Milton Friedman’s basic position is that the only social responsibility of business is to increase profits, so long […]
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 […]
QUESTION Kantian ethics 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. Indicate whether the statement is true or false. ANSWER FALSE A naive immoralist asserts that if a manager of a multinational sees that […]
QUESTION The action that produces the greatest good for the greatest number of people can result in the unjustified treatment of a minority. Indicate whether the statement is true or false. ANSWER TRUE The second problem with utilitarianism is that the philosophy omits the consideration of justice. The action that produces the greatest good […]
QUESTION The Foreign Corrupt Practices Act does not allow for “facilitating payments.” Indicate whether the statement is true or false. ANSWER FALSE Foreign Corrupt Practices Act outlawed the paying of bribes to foreign government officials to gain business. Some U.S. businesses immediately objected that the act would put U.S. firms at a competitive disadvantage. […]
QUESTION According to Hofstede, in societies where which of the following was emphasized, ties between individuals were tight. A. individualism B. collectivism C. femininity D. low uncertainty avoidance E. low power distance ANSWER B
