BUS 202 Test #2 T/F – Flashcards
Unlock all answers in this set
Unlock answersquestion
Globalization directly/ indirectly influences the politics, environment, geopolitics and economics of virtually every country
answer
T
question
Although many firms conduct business across national boundaries, most global commerce is carried out by a small number of powerful firms
answer
T
question
Even small local businesses often compete with global companies across the world
answer
T
question
The importing of foreign goods by U.S. firms is called foreign direct investment
answer
F
question
The main purpose if inversion is to reduce corporate tax obligations
answer
T
question
The world banks makes currency exchange easier for member countries so that they can participate in global trade
answer
F
question
The world trade organization conducts negotiations called "cycles" on various topics rotating it's meetings among different cities
answer
F
question
Under WTO's favored nation rule, member countries may not discriminate against foreign products for any reason
answer
T
question
Globalization is accepted worldwide and creates little controversy
answer
F
question
Productivity rises more quickly when countries produce goods and services for which they have a natural talent
answer
T
question
ONLY manufacturing jobs are being lost through globalization
answer
F
question
Critics of globalization support the spread of American ideas throughout the rest of the world
answer
F
question
Most nations in the world share similar social, political, and economic beliefs
answer
F
question
At the beginning of the 20th century, no country in the world had universal suffrage
answer
T
question
The term sector refers to broad divisions of a whole
answer
T
question
Ethics are primarily based on religious beliefs
answer
F
question
Ethical ideas are present in all societies all organizations and all individual persons
answer
T
question
If all people relied on ethical relativism there would be no universal ethical standards on which people around the globe can agree
answer
T
question
Business must develop it's own definition of what is right and wrong aside from ethics
answer
F
question
Being ethical includes developing a sense of trust, which promotes positive alliances between business partners
answer
T
question
Business cannot expect to be profitable while adhering to ethical principles of conduct
answer
F
question
The U.S. Corporate Sentencing Guidelines provide a strong incentive to promote their ethics at work
answer
T
question
The Sarbanes-Oxley Act requires that firms maintain good financial practices apart from high ethical standards in how they conduct and monitor business operations
answer
F
question
An ethical egoist acts for the benefit of others and sacrifice self-interest
answer
F
question
Because managers make major decisions, they have limited opportunity to influence the ethical tone of the firm
answer
F
question
Only in the last few years have scholars found a positive relationship between an organization's economic performance and attention to spiritual values
answer
F
question
Managers in the same company are likely to be at the same stages of moral reasoning at any given team
answer
F
question
For managers who are at stage 2/3 their personal rewards, recognition from others or compliance with the company rules become their main ethical compass
answer
T
question
According to utilitarian reasoning, an action is ethically preferred when the benefits outweigh it's cost
answer
T
question
Business managers should use all 4 methods of ethical reasoning
answer
T
question
Personal values and moral character play key roles in improving a company's ethical performance
answer
T
question
In most companies, a moral atmosphere cannot be detected
answer
T
question
In a benevolence ethical climate, the interest of the company's employees and external stakeholders most likely would be a higher priority
answer
T
question
Managers, as major decision makers are one of the keys to whether a company will act ethically or unethically
answer
T
question
It is impossible for multiple ethical climates to exist within one another
answer
F
question
All ethics issues in business are the same
answer
F
question
Honesty, integrity and accuracy are absolute requirements of the accounting function
answer
T
question
The American Institute of Certified Public Accountants Code directs accountants to be responsible to their clients and their professions, but not to the public.
answer
F
question
Marketing ethics include having concern for consumer health and safety issues
answer
T
question
The majority of large US corporations do not have codes of ethics
answer
F
question
In the United States, most ethics policies are primarily based on the companies mission/ vision
answer
F
question
Ethics training is typically the most costly element of an ethics program
answer
T
question
According to a recent transparency international survey, Denmark and New Zealand are two countries that are least likely to be subjected to bribery
answer
T
question
Today, more companies than ever, are turning to formal ethics audits to measure the quality of their ethics programs
answer
T
question
Bribery is found in nearly every sector of the global marketplace, but can be worse in some parts of the world
answer
T
