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Global Business Today, 12e Charles Hill (Solution Manual with Test Bank
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Global Business Today, 12e Charles Hill (Solution Manual with Test Bank
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Global Business Today, 12e Charles Hill(Solution Manual with Test Bank
Business ethics - ANSWER-accepted principles
of right or wrong governing the conduct of
business people
Ethical strategy - ANSWER-a strategy, or
course of action, that does not violate these
accepted principles
Ethics - ANSWER-accepted principles of right or
wrong that govern the conduct of a person, the
members of a profession, or the actions of an
organization
The most common ethical issues in business
involve: - ANSWER-Employment practices
Human rights
Environmental pollution
Corruption
Moral obligations
,When work conditions in a host nations are
clearly inferior to those in a multinational's
home nation, what standards should be
applied? - ANSWER-The standards of the home
nation?
The standards of the host nation?
Something in between?
What is the responsibility of a foreign
multinational when operating in a country where
basic human rights are not respected? -
ANSWER-Basic human rights taken for granted
in the developed world such as freedom of
association, freedom of speech, freedom of
assembly, freedom of movement, and so on, are
not universally accepted
Should a multinational feel free to pollute in a
developing nation if doing so does not
violate laws? - ANSWER-When environmental
regulations in host nations are When
environmental regulations in host nations are
far inferior to those in the home nation, ethical
issues arise
The tragedy of the commons occurs when a
resource held in common by all, but owned by
, no one, is overused by individuals resulting in
its degradation
Is it ethical to make payments to government
officials to secure business? - ANSWER-The
Foreign Corrupt Practices Act prohibits U.S.
companies from paying bribes to foreign
government officials in order to gain business
The OECD's Convention on Combating Bribery
of Foreign Public Officials in International
Business Transactions obliges member states
to make the bribery of foreign public officials a
criminal offense
Ethical dilemmas - ANSWER-situations in which
none of the available alternatives seems
ethically acceptable
Exist because real world decisions are complex,
difficult to frame, and involve various
consequences that are difficult to quantify
Why do managers behave in an unethical
manner? - ANSWER-Managerial behavior is
influenced by:
Personal ethics
Decision making processes
Organizational culture
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