Business Ethics - Chapter 10

__ identified four cultural dimensions that can have a profound impact on the business environment:

individualism/collectivism, power distance, uncertainty avoidance, and masculinity/femininity.

___ 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?