Terms
Individuals who report unethical or illegal behavior within an organization are:
whistleblowers
Many Americans today have few ______ _________. They decide situationally whether it is okay to do specific actions.
moral absolutes.
US companies that operate abroad, particularly those who contract with foreign companies, are now _____ human rights and environmental standards followed by the US law.
separating themselves from supplies who violate
Where does ethics begin?
at the top levels of management
____________ is the world's largest exporter.
China
____________ is the attitude that your own culture is superior to other cultures.
___________ are the standards of right and wrong set for us by society.
Ethics
The trade agreement in place between the United States, Canada, and Mexico is called:
NAFTA
Besides the environmental groups, unions, and investors, a relatively new type of watchdog organization that reports on corporate social responsibility efforts is:
socially conscious research organizations
What countries are part of BRIC?
Brazil
Russia
India
China
Buying products produced in another country is known as:
importing
Being faced with an _________ _________ means you must choose between equally unsatisfactory alternatives.
ethical dilemma
The EU is an example of a trading bloc, or a ___________ which has a common external tariff, no internal tariffs, and the coordination of law to facilitate trade between member countries.
common market
A legal provision known as the ____________ provides a "bounty" provision for whistleblowers whose actions result in a legal conviction.
Dodd-Frank Wall Street Reform and Consumer Protection Act
A ______________ is a long-term arrangement between two or more companies with the intent that each company will achieve a competitive market advantage. The companies do not share costs or profits.
strategic alliance
The practice of selling products in a foreign country at lower prices that those changed in the producing country:
dumping
Where does ethics begin?
Using government regulations to limit the import of goods and services is called:
trade protectionism
When the value of exports from a country exceeds the value of imports into that country, there is a:
__________ favorable balance of trade
_____________ refers to the outsourcing of the production of a good or service to a foreign producer.
An _____________ ethics code defines the organization's guiding values, creates an environment that supports ethically sound behaviors, and stresses shared accountability.
integrity-based
What are the questions to ask when faced with an ethical dilemma?
Is it legal?
Is it balanced?
How will it make me feel about myself?
The law that specifically prohibits "questionable" or "dubious" payments to foreign officials to secure business contracts is called the:
Foreign Corrupt Practices Act
The difference between money coming into a country from exports and money leaving a country due to imports, plus money flows from other factors, is known as the:
balance of payments
______________ refers to the strategy of giving permission to a foreign company to produce and sell your product or service.
Licensing