OSU BUSMHR 2000 - TBChap005 (139 pages)

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TBChap005



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TBChap005

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Pages:
139
School:
Ohio State University
Course:
Busmhr 2000 - Introduction to International Business
Introduction to International Business Documents

Unformatted text preview:

Chapter 05 Ethics in International Business True False Questions 1 The term ethics refers to accepted principles of right or wrong that govern the conduct of a person the members of a profession or the actions of an organization True False 2 Many of the ethical issues in international business are rooted in the fact that political systems law economic development and culture vary significantly from nation to nation True False 3 Leon Sullivan argued that it was ethically justified for Western businesses to operate in South Africa so long as the companies obeyed the apartheid laws True False 4 The Foreign Corrupt Practices Act outlawed the paying of bribes to foreign government officials to gain business True False 5 Facilitating payments are payments to secure contracts that would not otherwise be secured True False 6 The Foreign Corrupt Practices Act does not allow for facilitating payments True False 7 The Convention on Combating Bribery of Foreign Public Officials in International Business Transactions obliges member states and other signatories to make the bribery of foreign public officials a criminal offense True False 5 1 2014 by McGraw Hill Education This is proprietary material solely for authorized instructor use Not authorized for sale or distribution in any manner This document may not be copied scanned duplicated forwarded distributed or posted on a website in whole or part 8 The concept of social responsibility refers to the idea that businesspeople should consider the social consequences of economic actions when making business decisions True False 9 The power of a multinational corporation is constrained not only by laws and regulations but also by the discipline of the market and the competitive process True False 10 Noblesse oblige is a French term referring to those multinationals that have unethically used their power for private gain True False 11 Ethical dilemmas are situations in which only one of the available alternatives seems ethically



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