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Global Comp Final Ch. 5

______ are the accepted principles of right or wrong governing the conduct of businesspeople
Business ethics
Ten years after he proposed what come to be known as Sullivan’s principles, Leon Sullivan concluded that his principles:
were not sufficient to ethically justify the existence of Western businesses in South Africa
In the modern world, corporations can contribute to the global tragedy of the commons by:
moving production to locations where they are free to pump pollutants into the environment
The ____ outlawed the paying of bribes to foreign government officials to gain business
foreign corrupt practices act
In order to build large production units and expedite certain routine government actions related to this, Scorpius INc. made legal payments to the government officials of a host nation. Such payments are typically referred to as:
speed money
Which of the following best exemplifies noblesse oblige?
Multinational corporations funding schools, universities, and hospitals in under developed countries
The practice of “gift giving” between the parties to a business negotiation is considered right and proper behavior in many Asian cultures. However, some Westerners view the practice as a form of bribery, and therefore unethical, particularly if the gifts are substantial. This reflects that:
what is ethical depends on one’s cultural perspective
Davis is the manager of a pharmaceutical manufacturing facility in a developing country. The manufacturing unit does not meet the acceptable standards of the manufacturing facility in the home nation. he knows that demanding a better manufacturing unit will raise the cost of the drugs mainly exported to other less developed countries, and hence its price. But he also realizes that by not demanding a better unit, the employees are prone to serious health issues. Davis is facing.
an ethical dilemma
Which of the following is most likely to lead to unethical behavior in a business setting?
Home-country managers working abroad in multinational firms away from their ordinary social context and supporting culture
Which of the following is detrimental to an ethical business setting
operating in cultures which score high on masculinity and power distance measures
According to ____, the only social responsibility of business is to increase profits, so long as the company stays within the rules of law
Milton Fredman
_____ advocates that ethics are culturally determined and that firms should adopt the ethics of the cultures in which they operate
cultural relativism
A righteous moralist is most likely to claim that:
a multinational’s home-country standards of ethics are the appropriate ones for companies to follow in foreign countries
An America manager of a multinational company who is working in on of the company’s production plants located in the country of Cadmia, employs child labor at the manufacturing unit he is in charge of. On being criticized as unethical, the manager argues that such actions are ethically defensible because everyone in Cadmia is doing it. Which of the following straw men approaches to ethics is most likely demonstrated by the manager?
The naive immoralist
Adoption of which of the following ethical approaches is most likely to cause a company to use tools such as cost-benefit analysis and risk assessment to weigh all of the social benefits and costs of a business action?
utilitarianism
Which of the following is a drawback of the utilitarian approach to business ethics?
It omits the consideration of justice
Which of the following philosophies of ethics holds that people should be treated as ends and never purely as means to the ends of others?
Kantian Ethics
According to the theory of rights:
fundamental human rights and privileges transcend national boundaries and cultures
Article 23 of Universal Declaration of Human Rights implies that it is unethical to employ child labor in sweatshop settings and pay less than subsistence wages, even if that happens to be common practice in some countries. This is contrast to:
cultural relativism
In business ethics, the term ____ refers to a fair and equitable distribution of economic goods and services
just distribution
According to the concept of ______, developed by John Rawls, everyone is imagined to be oblivious to all of his or her particular characteristics, such as, race, sex, intelligence, nationality, family background, and special talents/
veil of ignorance
The primary purpose for which managers use a moral compass is to:
help them navigate through difficult ethical dilemmas
Which of the following statements is true about ethical decision-making?
In ethical decision-making, managers need to ensure that a proposed decision does not violate the fundamental rights of any stakeholders
Which of the following practices should be avoided by a company to ensure ethical decision-making?
Placing its economic interests before its moral principles

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