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Study Resources (Business Management)

  91.Customers learn to trust companies that consistently demonstrate good behavior. Those same companies can lose this position with one socially irresponsible activity.  92.Some investors believe it makes financial as well as moral sense to invest in companies whose practices promote sensitivity toward the environment.  93."Fair disclosure" refers to a Securities and Exchange.
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  281.Which of the following statements describes laws and regulations in global markets?  A. No central system of law exists. B. The World Trade Organization reigns supreme and dictates law for all global markets. C. Most trading partners will default to the laws that govern the seller's home country. D. With the exception of labor relations, most laws are.
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  True / False Questions 1.The Enron scandal illustrates the difference between unethical behavior and illegal behavior.  2.Ethical behavior requires more than following the law.  3.Legal behavior and ethical behavior are basically the same.  4.A society gets into trouble when people consider only what is illegal and not also what is ethical or unethical.  5.Ethical behavior.
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  161.If two nations have a dispute over an international patent, the World Trade Organization may be asked to mediate and provide a decision within one year's time.  162.The nation of New Maraguay has a small commercial airplane industry that is struggling to keep up with the two large international commercial airplane.
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  261.McGowan Corporation of Ireland and Enomoto Enterprises based in Japan recently produced a new electric car with rechargeable batteries that can be driven at high speeds for long distances. They have shared the investment, each contributing important technological expertise to the effort. These firms entered into a(n) ____ to build.
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  111.Opponents of corporate social responsibility argue that firms which use their profits to promote social causes are not being fair to investors who provided the funds for the purpose of financial gain.  112.A corporate policy should never make a value statement about the environment or other social and political issues, because.
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  51.An ethic of care is based on a sense of responsibility to reduce actual harm or suffering.  52.An ethic of care is based on principles like justice, fairness, equality, or authority.  53.Employers should proceed cautiously when designing an employee incentive program that rewards employees strictly on increased sales.  54."Do what I say, not.
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  61. (p. 96)Compliance-based ethics codes are based on preventing unlawful behavior.  62.Businesses with a formal code of ethics are less common now than in the past.  63.Compliance-based ethics codes focus on preventing unlawful behavior by increasing control and by penalizing wrongdoers.  64.In order to be successful, efforts to improve the ethical behavior of businesses.
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  321.The benefits of protective tariffs are:  A. they increase the revenues of the government that has implemented them. B. they decrease the cost of the product to the consumer (end-user). C. they help develop friendlier trade relations with loyal trading partners. Both parties are protected. D. they protect domestic jobs by encouraging cost-sensitive consumers to purchase domestic products. 322.The.
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  221.In order to avoid insider trading, the SEC (Securities and Exchange Commission) has adopted a new rule called _____________ that requires publicly traded companies to release information to everyone in a timely manner, rather than just to a few persons.  A. Insider Trading Phenomenon B. Regulation FD (Fair Disclosure) C. Red Herring Regulation D. PDI (Public Display of.
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  101.The green movement has turned the heads of very few firms.  102.A social audit is a systematic evaluation of an organization's progress toward implementing programs that are profitable.  103.The green movement has resulted in a positive impact on U.S. jobs.  104.A firm's net social contribution is a company report that measures the difference.
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  131.Johanna Breese, a graduate student from Carnegie Mellon, connected with the culture of Madagascar when she created lamba hoany (a native garment) with artful messages to save the more than 150 rare species of animals that inhabit Madagascar. In contrast to many Americans trying to do business abroad, Johanna successfully.
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  301.If global trade experts predict that the value of the dollar will soon fall, it will result in:  A. both the prices of imported goods rising and prices of U.S. goods sold overseas rising, as well. B. prices of imported goods rising, but prices of U.S. goods sold overseas falling. C. prices of imported goods falling.
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  271.Ethnocentricity means:  A. "When in Rome, do as the Romans!" B. You believe your culture is superior to others. C. Cultural awareness. D. A trend toward accepting other cultures and trying various foods and religions to see if they fit your lifestyle. 272.Which of the following sociocultural forces can have a significant impact on global business operations?  A. Religion B. Universal sales standards C. Single-phase.
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  341.Which of the following nations has joined the U.S., Japan, and the EU as a key driver of the world economy?  A. Thailand B. Brazil C. Russia D. China 342.Trade experts' concerns about trading with China include:  A. its small population size compared to other nations, which puts doubt in businesspeople's minds about the worthiness of the investment. B. its political system, counterfeiting.
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  191.To improve America's business ethics:  A. Congress must pass an ethics bill. B. ethics must be taught in every business school around the globe. C. a company's suppliers must be thoroughly investigated for ethical violations. D. company leaders should adopt and support a corporate code of ethics. 192.After developing a code of ethics, it should be communicated to:  A. everyone with.
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  141.A few years ago, several U.S. clothing manufacturers were sued in Los Angeles courts by watchdog groups who learned of poor working conditions in manufacturing plants on a U.S. territory known as the Marianas Islands. Customers are concerned with human rights abuses and other problems with supplier relationships abroad.  142.Olivia is.
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  161.When Angela graduated with a degree in computer science and started her software company, she posted a sign that read, "This company will always operate within the legal limits of the law." Posted where all employees could clearly see it each day, this demonstrated:  A. her commitment to high ethical standards of.
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  211.An unfavorable balance of trade occurs when the value of:  A. imports equals the value of exports. B. imports exceeds the value of exports. C. cash inflows is equal to the value of cash outflows. D. exports exceeds the value of imports. 212.The _____________ is the total value of a nation's exports compared to its imports measured over a.
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  211.In recent years, progressive firms have embarked upon __________, where they will commit company resources and expertise toward helping out in emergency type situations.  A. corporate philanthropy B. corporate social activism C. social civility D. corporate social initiatives 212.Corporate ________ covers issues such as setting minority hiring practices, manufacturing safe products, and minimizing pollution.  A. responsibility B. philanthropy C. diversity D. structure and strategy 213.Determining what is involved.
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  151.Laws represent the standards of ________ behavior.  A. ethical B. legal C. moral D. socially responsible 152.Ethical behavior covers a ________ range of conduct than legal behavior.  A. wider B. more limited C. smaller D. less demanding 153.Many individuals today believe that ethical behavior is determined by what is best for them at the time. This is an example of:  A. situational ethics. B. moral absolutes. C. the Golden Rule. D. new age realism. 154.Considering the potential.
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  351.Rhett spoke with a Korean company that said it might be interested in producing his products in their market. They would pay him a royalty for what they sold and would bear all the start-up expenses of this effort. This Korean company is proposing a:  A. subsidiary agreement. B. joint venture. C. export trading company. D. licensing agreement. 352.The.
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  171.A U.S. government official has indicated that for a generous contribution to his reelection fund, he would ignore your firm's apparent violation of several anti-pollution laws. Which of the following "ethics check questions" would you consider first?  A. Is it legal? B. Is it fair and balanced? C. How will it make me feel about myself? D. Is.
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  31.Business behavior determines the ethics of society. We can improve society's moral and ethical behavior by first making a commitment to improving business's moral and ethical behavior.  32.Utilizing the phrase "the ends justify the means" as a corporate value system can negatively impact company morale and competitiveness.  33.According to the Making Ethical.
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  231.Nikkei Bike Parts testified before Congress defending the company against an accusation that it was dumping parts on the U.S. market. In her testimony, the president claimed _______________. Using traditional guidelines, Congress determined that Nikkei was not dumping.  A. Nikkei includes 10% overhead costs and an 8% profit margin in the price.
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  356.Explain and provide at least one example of how socio-cultural differences can create trade difficulties in world markets.  357.Explain and provide at least one example of how legal and regulatory forces impede global trade.  358.Define offshore outsourcing and explain its pros and cons.    .
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  241.A __________ is a partnership in which two or more companies (often from different countries) join together and share the risk and costs in order to undertake a major project.  A. multinational cooperative B. joint venture C. franchisee transfer D. recruit affiliation 242.A __________ represents a long-term partnership between two or more companies established to help each firm build.
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  201.While speaking with his sales force, the director of sales explains, "Anyone caught violating a sales law will be fired." After studying business ethics, you recognize this remark as a reference to the firm's __________ ethics.  A. technology-based B. personal responsibility-based C. compliance-based D. integrity-based 202.In an effort to promote the importance of a valuable education, the faculty and.
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  131.The International Organization for Standardization (ISO) plans to publish a standard on social responsibility called ISO 26000.  132.U.S. businesses consider The Foreign Corrupt Practices Act as legislation that has helped increase their profits abroad.  133.All U.S. companies practice the same ethical standards when dealing with suppliers and contract manufacturers abroad.  134.Due to their.
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  11.Laws that protect us from fraud, theft and violence determine ethical behavior.  12.Moral behavior refers to behavior that is accepted by society as right versus wrong.  13.Ethical behavior focuses on treating others fairly.  14.Making accounting records more transparent may help restore trust in the free-market system and leaders in general.  15.Punishing business leaders who.
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  221.As a business strategy, the strategy behind "dumping" is to __________.  A. gain a foothold in a new market B. better utilize e-commerce opportunities C. avoid trade protectionist laws D. achieve eligibility for foreign aid 222.The value of goods imported into France exceeds the value of French exports. This indicates that France:  A. has an exchange rate decrease. B. utilizes high tariffs. C. has a.
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  201.Carrie, a U.S. resident, says that her home computer was made in Japan. Carrie purchased a(n):  A. imported item. B. exported item. C. protected good. D. generic good. 202.Household Appliances, Inc., has a manufacturing plant near Chicago. The company specializes in compact washers and dryers for countries where consumers have less living space. Household Appliances participates in the global.
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  191.The theory of comparative advantage exists because:  A. there are too many products and services to choose from today. B. customers are always comparing the quality of service from companies in the same industry. C. no nation can produce all the products its people want and need. D. free-trade agreements became the trend during the past 15 years. 192.One.
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  251.One of the purposes of Export Assistance Centers is to:  A. help multinational corporations reach agreements with foreign governments. B. provide subsidies to domestic firms hurt by dumping by foreign firms. C. provide trade-finance support for small and medium-sized firms involved in direct exporting. D. encourage domestic firms to become more competitive by forming keiretsu-like organizations, much like.
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  231.When a firm undertakes corporate social initiatives it is:  A. Making donations that are directly related to a firm's corporate competency. B. Making long-term commitments to one cause. C. Hiring minority workers. D. Making safe products. 232.Although college graduates would prefer to work for socially responsible companies,  A. they would not consider less pay to do so. B. they are not interested in.
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  121.Recently, a large insurance company in the Midwest made a public commitment toward corporate philanthropy when it dedicated 3% of its profits toward the cultural and environmental concerns of the large metropolitan area that houses its corporate headquarters. The CEO stated, "In honor of several hundred employees that come to.
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  21.A common form of cheating in schools today is plagiarizing online material.  22.Making ethical choices is always easy.  23.Two recent studies found a strong correlation between academic dishonesty among undergraduates and dishonesty at work.  24.The question "Is it legal?" establishes ethical behavior.  25.It can be very difficult to maintain a balance between ethics and.
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  311.The purpose of the General Agreement on Tariffs and Trade (GATT) is to:  A. facilitate global trade. B. create common market arrangements in specific geographical regions. C. negotiate an end to civil wars. D. establish a set of international property right laws. 312.The __________ represents the first attempt to establish a truly global mediation center to resolve international trade.
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  71.To be effective, an organization's code of ethics needs to be communicated to outsiders such as suppliers, subcontractors, and customers.  72.Since most ethics violations are small and rather insignificant in nature, employees need to understand that addressing these issues is secondary to making profits. CEOs may be justified in putting these.
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  141.The World Trade Organization (WTO) was established to mediate trade disputes among nations.  142.One goal of the World Trade Organization (WTO) is to increase national subsidies on agricultural products.  143.A common market is a group of countries that have no internal tariffs among member nations, yet have a common external tariff.  144.A major.
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  331.A small Italian grocery store sells five varieties of feta cheese. It offers Bulgarian, French, Danish, Greek, and one that is processed and sold from Tillamook, Oregon. The domestic variety sells for $1.99/pound, while all the others sell for more than $2.99/pound, and the Greek variety is priced at $6.99/pound..
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  81.Corporate philanthropy refers to the position a firm takes on issues that affect society.  82.A charitable donation contributed by a corporation is an example of corporate philanthropy.  83.Business issues such as minority hiring practices and pollution control fall under the umbrella of corporate responsibility.  84.As a show of corporate responsibility to your customers,.
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  291.An influential foreign government official approaches your firm requesting a large sum of money. In return for this bribe, the official promises that your firm will receive preferential treatment in future government contracts. You refuse the request, explaining that the _________ Act of the United States prohibits you from making.
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  171.Offshore outsourcing is another term used to describe the act of U.S. firms selling their domestically manufactured goods to foreign customers.  172.A "second wave" of offshore outsourcing involves sizable numbers of skilled, well-educated, middle-income workers in service-sector jobs.  173.One advantage of offshore outsourcing is that consumers benefit from lower prices.  174.The second wave.
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  181.Following an ethics-based approach to decision making will normally lead to higher:  A. profits. B. trust and cooperation. C. prices. D. employee turnover. 182.Following an ethics-based approach to decision making will normally lead to:  A. higher profits. B. lower employee turnover. C. lower prices. D. more competition. 183.The Hum-dinger Corporation recently instituted a corporate ethics code. The president of the company realizes that ethical relationships are based on:  A. fairness.
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  41.The majority of CEOs believe that employee misconduct results from the failure of organizational leadership to establish ethical standards.  42.Management can create an environment in which unethical behavior can develop.  43.Corporate values, like personal values, are learned by observing what others do.  44.Effective corporate values start with employees and develop throughout the organization.
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  241.Hendry HVAC, a heating and cooling company headquartered in Milwaukee, Wisconsin, permits its employees to volunteer for nonprofit organizations, as part of their paid company time. According to recent findings, which of the following statements best explains this company's action?  A. Several smaller firms do not have enough work to keep employees.
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