Exam 10: Globalization of Ethical Decision-Making

A) self-reference criterion.
B) country cultural values.
C) consumerism.
D) cultural relativism.
E) dumping.

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A global firm cannot succeed simply by a...

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A) Rational economics
B) Socialism
C) Capitalism
D) Rational capitalism
E) Fascism

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A) Global business
B) Country cultural values
C) Social democracy
D) Cultural relativism
E) Bimodal wealth distribution

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A) Milton Friedman
B) Abraham Maslow
C) Adam Smith
D) Geert Hofstede
E) John Maynard Keynes

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National culture is a much broader conce...

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A) The Global Sullivan Principles
B) Sarbanes-Oxley Act
C) FSGO
D) Global common values
E) UN Global Compact

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MNCs are the subject of much ethical debate,and their impact on countries where they do business is controversial.Both American and European labor unions argue it is unfair for MNCs to transfer jobs overseas where wage rates are lower.Other critics charge that multinationals use labor-saving devices that increase unemployment in countries where they manufacture.Their size and financial clout enable them to control money,supplies,employment,and even the economic well-being of less-developed countries.Critics believe the size and power of MNCs create ethical issues involving the exploitation of both natural and human resources.Critics also accuse MNCs of exploiting the labor markets of host countries.The activities of MNCs also raise issues of unfair competition.Although MNCs are not inherently unethical,their size and power often seems threatening to people and businesses in less-developed countries.The ethical problems MNCs face arise from the opposing viewpoints intrinsic to multicultural situations.

A) Cultural relativism
B) Human rights
C) Consumerism
D) Dumping
E) Health care

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A) Textbooks and other school supplies
B) Travel agencies
C) Music and dance
D) Intellectual property
E) Shoes,cars,and steel

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A) Freedom of religion
B) The right to work in favorable conditions
C) The right to electricity and running water
D) The right to a home adequate for health and well-being
E) Mothers and children being entitled to a special level of care

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A) Social democracy
B) Laissez-faire economics
C) Economics
D) Multinational corporations
E) Rational economics

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A) Rational economics
B) Socialism
C) Cultural relativism
D) National culture
E) Behavioral economics

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Dumping is the practice of charging high...

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A) Saudi Arabia
B) Austria
C) England
D) Denmark
E) Sweden

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A

A) The minimum wage that a worker requires to meet basic needs.
B) The wage at which the average worker can live really well.
C) It is a synonym for minimum wage.
D) The wage received by child workers in order to stay alive.
E) A wage given to workers entirely in the form of food.

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A) religion.
B) a secure job.
C) healthcare.
D) privacy.
E) freedom of speech.

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A) It determines the credit ratings of countries.
B) It is the lender of last resort for individuals who cannot secure other types of loans.
C) It functions as a collection agent for global banks.
D) It makes short-term loans to member countries that have deficits and provides foreign currencies for its members.
E) It provides mortgage loans to international home buyers.

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