global business chap 4.txt

accepted principles of right or wrong that govern the conduct of a person, the members of a profession, or the actions of an organization

the accpeted princples of right or wrong governing the cconduct of businesspeople

A strategy or course of actions, that does not violate the accepted principles of right or wrong governing the conduct of busniesspeople

What is considered normal practice in one nation may be considered _______ in another nation

In the international business setting, the most common ethical issues involve

It is _______for multinational firm to tolerate poor working conditions in its foreign operations or those of its subcontractors

Establishing minimal acceptable standards that safeguard the basic rights and dignity of employees, auditing foreign sudsidiaries and subcontractors on a regualr basis to make sure those standards are met, and taking corrective action if they are not, is a ___________

The company should not obey the apartheid laws in its won south afircan operations, second the company should do everything within its power to promote the abololition of apartheid laws

Often argued that inward investment by multinational can be a force for _________ that ultimately improves the rights of people i nrepressive regimes

Ethical issues arise when _________in host nations are inferior to those in home nation

Environmental regulations lack in __________and accordance to critics the results can be higher levels of pollution from the operations of multinationals than would be allowed at home

No one owns the atmosphere or the oceans, but ______both, no matter where the _______orginates, harms all.

The atmosphere and the ocean can be viewed as a global commons from which everyone benefits but for which no one is specifically responsible, in such cases a phenomenon known as the ______________becomes applicable

Most scientist argue that human industrial and commerical activity is increaseing the amount of carbon dioxcide in the atmosphere, carbon dioxide is a greenhouse gas which reflects heat back to the earth's surface warming the globe, as a result

International businesses can and have gained economic advantages by making payemtns to those govt officals is a type of

A US law regulating behavior regarding the conduct of international business in the taking of bribes and other unethical actions

Some times known as ________ ,facilitiatinig payemtns are not payments to secures contracts that would not otherwise be secured and nor are they payments to obtain exclusive preferential treatment, rather they are payements to ensure recieving standard treatment, but might not due to obstruction of foregin officials

OECD convention that obliges member states to make the bribery of foreign public officals a criminal offense

In many countries payoffs to govt officals in the form of _________are a part of life

______has a significant negative impact on a countrys growth rate

The idea that business people shouldl consider the social consequences of economic actions when making business decisions

French term that refers to honorable and benevolent behavior considered the responsibility of people of high (noble)birth

From an international viewpoint, some argue that what is ethical depends upon one's

A situation in which none of the available alternatives seems ethically acceptable

Generally accepted principles of right and wrong governing the conduct of individuals

Determinants of ethical behavior

The parent company may pressure expatriate managers to meet ______goals that can only be fulfilled by cutting corners, or acting unethically

The ________may chooose not to see how they are doing so, allowing such unethical behavior to flourish and persist

Unethical behavior in business that sometimes people do not realize to be unethical, they may believe and probably made a good decision on economic logic, not asking is this decision ethical?

The values and norms shared among an organizations employees

_________help establish the culture of an organization, and they set the examples that others follow

This philosopical approach either deny the value of business eithics or apply the concept in a very unsatisfactory way

Four straw men approaches to business ethics are

The only social responsibility of business it to increase profits, so long as the company stays within the rules of the law

The belief that eithics are culturally determined and that firms should adopt the ethics of the cultures in which they operate

The belief that a multinationals home country standards of eithics are the appropriate ones for companies to follow in foreign countries

The belief 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

Most moral philopsophers see value in ________and ____approaches to business ethics

These approaches to ethics hold that the moral worth of actions or practiecs is determined by their consequences

Draw backs to utilitarian approach

The belief that people should be treated as ends and never as means to the ends of others

People have ______and need to be _____as such

Twentieth century theories that recognize human beings have fundamental rights and privliges that transcend national boundaries and cultures

A united nations document that lays down the basic principles of human rights that should always be adhered to

All human beings are born free and equal in dignity and rights. They are endowed with reason and conscience and should act towards one another in a spirit of brotherhood

The rights to just and favorable work conditions, equal pay for equal work, existence worthy of human dignity

It is important to know that along with rights come

A distribution of economic goods and services that is considered fair and equitable

A business's formal statement of ethical priorities

Individuals or groups that have interest, stake, or claim in the actions and overall performance of a company

People who work for or own the business, such as employees, directors, and stockholders

The individuals and groups that have some claim on the firm, such as customers, suppliers, and unions

Standing in the shoes of a stakeholder and asking how a proposed decision might impact the stakeholders

Enables managers to walk away from a decision that is profitable, but unethical

Which of the following is not one of the five things an international business and its managers can do to amke sure ethical issues are considerd in business decisions?

A. Favor hiring and promoting people with a well grounded sense of personal eithics
B. Build an organizational culture that has a high value on ethical behavior
C. Promote individuals with a proven track record of unethical behavior
D. Develop moral courage

The tragedy of commons occurs when a resource, owned by the host coountry is overused by all individuals
A. True
B. False

All of the following are exapmles of moral courage expect:

A. Whistle blowing
B. Saying no to superiors
C. Walking away from profit making deals
D. Accepting under the table payments

Which business straw men approach to business ethics is best summarized by maximum "when in Rome, do as the Romans do"?

A. Friedman doctrine
B. Naive Immoralist
C. Cultural relativism
D. Righteous moralist

________is a US law regulating behavior regarding the conduct of international business in taking bribes and other unethical actions

A. The foreign corrupt practices act
B. The false claims acts
C. The anti kickback act
D. The truth in negotiations act

______refers to the values and norms that are shared among employees of an organization

A. Social responsibiility
B. Jsut distribution
C. Organization culture
D. Cultural relativism

Rights that we take for granted in developed countries, such as freedom of speech, are universally accepted

A. True
B. False

Which of the following asserts that if a manager of a multinational sees that firms from other nations are not following eithical norms in a host nation, that manager should not either?

A. The righteous moralist
B. The kantian ethics
C. The naive immoralist
D. The utilitarian approach

According to a study on the connection between corruption and economic growth in 70 countries:

A. Corruption had no impact on the growth of the countrys economy
B. Corruption has a significant positive impact on a country's growth rate
C. Corruption has a significant negative impact on a country's growth rate
D. Side payments helped remove the buraucratic barries to investments that create jobs

A UN document inspired by Kantian and rights theories and ratified by almost every country on the planet, that lays down basic principles that should always be adhered to, irrespective of the culture in which one is doing business is the:

A. Declaration of Geneva
B. Kimberley process
C. Universal Declaration of Human Rights
D. OECD guidelines