Show:
global values, goals, and business practices
economics
MNCs/Awareness
WTO/IMF
global business practices
100
This person identified four cultural dimensions that can have a profound impact on the business environment: individualism/collectivism, power distance, uncertainty avoidance, and masculinity/femininity.
Who is Geert Hofstede?
100
A term used by Adam Smith to explain the inherent mechanisms at work in free market systems that keep commerce in equilibrium. It is also known as the “invisible hand.”
What is laissez-faire?
100
Increasing the wealth gap between nations and misusing and misallocating scarce resources are ethical issue accusations related to...
What are multinational corporations?
100
The practice of charging high prices for products sold in home markets while selling the same products in foreign markets at low prices, which do not cover the costs of exporting, is known as...
What is dumping?
100
This has been codified in a United Nations document and is defined as an inherent dignity with equal and inalienable rights as the foundation of freedom, justice, and peace in the world.
What are human rights?
200
An unconscious reference to one's own cultural values, experiences, and knowledge is referred to as the a. cultural reference criterion.
What is self-reference criterion?
200
This assumes that humans may not act rationally because of genetics, learned behavior, and rules of thumb.
What is behavioral economics?
200
Imposing export taxes to force MNCs to share more of their profits...
What is a measure taken by governments to curtail MNC practices that create ethical issues?
200
According to the World Trade Organization, which of the following products and services are most vulnerable to protectionism?
What are Shoes, cars, and steel?
200
These products encourage consumers to return and buy more. This approach is also known as planned obsolescence.
What are Made-to-break?
300
When in Rome, do as the Romans do, or you must adapt to the cultural practices of the country in which you are operating are rationalizations businesspeople sometimes offer for straying from their own ethical values when doing business abroad. This practice is called...
What is cultural relativism?
300
Occurs when the middle class shrinks, resulting in highly concentrated wealth amongst the rich and a large number of poor people with very few resources.
What is bimodal wealth distribution?
300
These values were developed by a reverend and the UN Secretary General. They express support for universal human rights.
What are The Global Sullivan Principles ?
300
This makes short-term loans to member countries that have deficits and provides foreign currencies for its members.
What is the IMF?
300
Those who ascribe to __________ believe that consumers, not producers, should dictate the economic structure of a society.
What is consumerism?
400
Power distance dimension refers to the “power inequality” between superiors and subordinates. Which country probably ranks high on the power distance scale?
What is Saudi Arabia?
400
This concept refers to economic theories advocating the creation of a society where wealth and power are distributed evenly, relative to the amount of work expended in production.
What is socialism?
400
True/False Unequal levels of child labor laws are not a key area of global ethical risk, as outlined by the Eurasia Group?
What is True?
400
This organization emerged from the Bretton Woods agreement of 1944, where a group of international leaders decided that the primary responsibility for the regulation of monetary relationships among national economies should rest in an extra-national body?
What is the IMF?
400
True/False The right to electricity and running water is an article in the UN Human Rights Declaration.
What is False?
500
This refers to how members of a society respond to ambiguity. A high score means that a culture tends to minimize risk-taking.
What is uncertainty avoidance?
500
This person argued during the 1930s that the state could stimulate economic growth and improve stability in the private sector?
Who is John Maynard Keynes?
500
The benefit of healthcare is being debated as to whether it is a right or privilege. Which countries does not consider health care to be a right?
What is the USA?
500
The _________ has the power to enact legally binding ground rules for international commerce and trade policy.
What is the WTO?
500
Which two developing countries are expected to generate some of the largest increases in consumption in the future?
What are China and India?