Business Ethics - Chapter 10

What is a major role of the International Monetary Fund (IMF)?

Which of the following organizations emerged from the Bretton Woods agreement of 1944, where a group of international leaders decided that the primary responsibility for the regulation of monetary relationships among national economies should rest in an extra-national body?

These values were developed by a reverend and the UN Secretary General. They express support for universal human rights.

What is the purpose of the UN Global Compact?

What is the AACSB?

As business facilitates exchanges, consumption beyond basic needs will increase globally. The important issues related to consumerism include all but which of the following?

Which two developing countries are expected to generate some of the largest increases in consumption in the future?

According to the World Trade Organization, which of the following products and services are most vulnerable to protectionism?

Which of the following is not an article in the UN Human Rights Declaration?

The growth of the Internet and differing security laws between countries has led to an increase in concern for the human right of

Which of the following is not a key area of global ethical risk, as outlined by the Eurasia Group?

What is a living wage?

The benefit of healthcare is being debated as to whether it is a right or privilege. Which of the following countries does not consider health care to be a right?

The ___ was a result of a meeting in which international leaders decided that primary responsibility for the regulation of monetary relationships among nations should rest in an external body.

Which of the following has the power to enact legally binding ground rules for international commerce and trade policy?

___ products encourage consumers to return and buy more. This approach is also known as planned obsolescence.

___ is a term used by Adam Smith to explain the inherent mechanisms at work in free market systems that keep commerce in equilibrium. It is also known as the “invisible hand.”

___ assumes that humans may not act rationally because of genetics, learned behavior, and rules of thumb.

Which of the following statements about multinational corporations (MNCs) is false?

Increasing the wealth gap between nations and misusing and misallocating scarce resources are ethical issue accusations related to

Which of the following is not a criticism of or charge against multinational corporations (MNCs)?

Which of the following is a measure taken by governments to curtail MNC practices that create ethical issues?

___ occurs when the middle class shrinks, resulting in highly concentrated wealth amongst the rich and a large number of poor people with very few resources.

An unconscious reference to one's own cultural values, experiences, and knowledge is referred to as the

When in Rome, do as the Romans do, or you must adapt to the cultural practices of the country in which you are operating are rationalizations business people sometimes offer for straying from their own ethical values when doing business abroad. This practice is called

___ involves transactions across national boundaries. It is a practice that brings together people who have different cultures, values, laws, and ethical standards.

What concept refers to economic theories advocating the creation of a society where wealth and power are distributed evenly, relative to the amount of work expended in production?

Risk compartmentalization occurs when

___ has been codified in a United Nations document and is defined as an inherent dignity with equal and inalienable rights as the foundation of freedom, justice, and peace in the world.