AGB 302 Quiz 2 & 3 Latest Update-2024 with
Answers.
According to the Friedman Doctrine: - ANS businesses should not undertake social
expenditures beyond those mandated by the law and required for the efficient running of
a business.
Which of the following sociologists made a connection between Protestant ethics and
the spirit of capitalism? - ANS Max Weber
Companies can strengthen the _______ of employees by committing themselves to not
retaliate against employees who complain about unethical actions - ANS moral courage
Child labor is permitted and widely employees in Country X. A multinational company
entering Country X decides to employ minors in its subsidiary, even though it is against
the multinational's home-country ethics. Which of the following approaches to business
ethics would justify the actions of the multinational company? - ANS cultural relativism
A firm's _______ include customers, suppliers, and lenders. - ANS external
stakeholders
Which of the following refers to the values and norms that the employees of an
organization share? - ANS organization culture
a situation in which none of the available alternative seems morally acceptable is called:
- ANS an ethical dilemma
For international businesses, the connection between culture and competitive
advantage is important because: - ANS a strong connection is likely to produce the
most viable competitors
The ______ approaches to ethics hold that the moral worth of actions or practices is
determined by their consequences - ANS utilitarian
Which of the following statements is true about class system - ANS social mobility within
a class system varies from society to society
There are 3 values central to the Confucian system of ethics that have very import
economic implications. Which one of these? - ANS honesty in dealings with others
The righteous moralist suggests that: - ANS if a manager of a multinational sees that
firms from other nations are not following ethical norms in a host nation, that manager
should not either
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