Exam 2 mana Questions and Answers
in 2005, bernie ebbers of world com was recognized by the better business bureau for
his company being a leader in social responsibility - answer false
Corporate Social Responsibility refers only to the company's obligations to its
stockholders and investors - answer false
islam prohibits the drinking of alcoholic beverages. although turkey is a moslem country,
the turkish government has allowed the consumption of alcohol - answer true
enron corporation is a perfect example of effective social and ethical responsibility in the
financial sector - answer false
Internal control procedures fit into two categories: (1) preventing accidental errors and
intentional misrepresentations and (2) identifying errors and irregularities after they
occur so that corrective action may be taken - answer true
The global slave trade that exists today is referred to as human trafficking. - answer
true
SOX requires that the CEO and the CFO of a publicly traded corporation must certify in
each periodic report containing financial statements that the report fully complies with
the Securities Exchange Act of 1934 and that the information fairly represents the
company's financial condition and results of operations - answer true
Guanxi refers to the relationship between subordinates and superiors. It denotes
friendship among unequals involving unlimited exchanges of favors; thus, it is not based
upon sentiment - answer true
Latin Americans are not as conscious about time as are North Americans - answer
true
Hofstede's masculine vs. feminine dimension is the extent to which a society values
traditionally masculine attributes (assertiveness, competition) or traditionally feminine
ones (modesty, caring for others) - answer true
The level of education held by people in foreign countries must be such that high-tech
products can be
accepted because the market know show to use them - answer true
Ironically, studies have shown that people who have lived and worked abroad are not
particularly good sources of information about the cultures of various countries. -
answer false
, The use of jargon is especially useful when conducting business meetings with foreign
personnel - answer false
The five fundamentals of ethics education proposed by AACSB are: personal integrity,
responsibility of business in society, ethical decision making, ethical leadership, and
corporate governance - answer true
The Sarbanes-Oxley Act of 2002 set "green" standards for companies - answer false
Power distance refers to the strength of a culture's social hierarchy. - answer true
The rise of ISIS has increased the political risk of Middle Eastern countries doing
business with the United
States - answer false
Under the terms of the Foreign Corrupt Practices Act, it is illegal to give a bribe to a
foreign official or foreign political party, but permissible to give a bribe to a
businessperson if bribery is considered "an integral part of doing business in the
country's environment." - answer false
A US-based clothing manufacturer changed its advertising strategy as well as several of
its in-country HR
policiesinordertoconformtolocalculturalnorms.Thisisanexampleofacculturation - answer
true
Tax law is the body of law governing legally enforceable agreements between parties to
engage in economic exchange - answer false
Very little role for government exists in a purely capitalistic or "free market" economic
system - answer true
Parents, friend groups, church, and media all play a role in a person's cultural
framework - answer true
When a country restricts the amount of currency that can be traded within a specific
time period, it is reducing economic risk - answer true
Singapore historically has had a highly anti-business political system in a parliamentary
model context, with one ruling party in power since 1959 - answer false
Production quality control and internal auditing are examples of feedback controls. -
answer true
A US firm secured four contracts in Nigeria valued at more than $6 billion. However,
investigations revealed that the contracts were the result of $51 million of bribes paid to
in 2005, bernie ebbers of world com was recognized by the better business bureau for
his company being a leader in social responsibility - answer false
Corporate Social Responsibility refers only to the company's obligations to its
stockholders and investors - answer false
islam prohibits the drinking of alcoholic beverages. although turkey is a moslem country,
the turkish government has allowed the consumption of alcohol - answer true
enron corporation is a perfect example of effective social and ethical responsibility in the
financial sector - answer false
Internal control procedures fit into two categories: (1) preventing accidental errors and
intentional misrepresentations and (2) identifying errors and irregularities after they
occur so that corrective action may be taken - answer true
The global slave trade that exists today is referred to as human trafficking. - answer
true
SOX requires that the CEO and the CFO of a publicly traded corporation must certify in
each periodic report containing financial statements that the report fully complies with
the Securities Exchange Act of 1934 and that the information fairly represents the
company's financial condition and results of operations - answer true
Guanxi refers to the relationship between subordinates and superiors. It denotes
friendship among unequals involving unlimited exchanges of favors; thus, it is not based
upon sentiment - answer true
Latin Americans are not as conscious about time as are North Americans - answer
true
Hofstede's masculine vs. feminine dimension is the extent to which a society values
traditionally masculine attributes (assertiveness, competition) or traditionally feminine
ones (modesty, caring for others) - answer true
The level of education held by people in foreign countries must be such that high-tech
products can be
accepted because the market know show to use them - answer true
Ironically, studies have shown that people who have lived and worked abroad are not
particularly good sources of information about the cultures of various countries. -
answer false
, The use of jargon is especially useful when conducting business meetings with foreign
personnel - answer false
The five fundamentals of ethics education proposed by AACSB are: personal integrity,
responsibility of business in society, ethical decision making, ethical leadership, and
corporate governance - answer true
The Sarbanes-Oxley Act of 2002 set "green" standards for companies - answer false
Power distance refers to the strength of a culture's social hierarchy. - answer true
The rise of ISIS has increased the political risk of Middle Eastern countries doing
business with the United
States - answer false
Under the terms of the Foreign Corrupt Practices Act, it is illegal to give a bribe to a
foreign official or foreign political party, but permissible to give a bribe to a
businessperson if bribery is considered "an integral part of doing business in the
country's environment." - answer false
A US-based clothing manufacturer changed its advertising strategy as well as several of
its in-country HR
policiesinordertoconformtolocalculturalnorms.Thisisanexampleofacculturation - answer
true
Tax law is the body of law governing legally enforceable agreements between parties to
engage in economic exchange - answer false
Very little role for government exists in a purely capitalistic or "free market" economic
system - answer true
Parents, friend groups, church, and media all play a role in a person's cultural
framework - answer true
When a country restricts the amount of currency that can be traded within a specific
time period, it is reducing economic risk - answer true
Singapore historically has had a highly anti-business political system in a parliamentary
model context, with one ruling party in power since 1959 - answer false
Production quality control and internal auditing are examples of feedback controls. -
answer true
A US firm secured four contracts in Nigeria valued at more than $6 billion. However,
investigations revealed that the contracts were the result of $51 million of bribes paid to
