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Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 09-03 Explain the challenges in developing a global code of ethics.
52. Which of the following is a disadvantage of globalization?
53. A fact about the effect of globalization is that multinational corporations:
54. Which of the following statements is true of less-developed countries and multinational
corporations in the context of globalization?
55. An organization can move its ethical commitment to a global scale successfully by:
56. A general standard of business practice that can be applied equally to all countries over
and above their local customs and social norms is called a _____.
57. Which of the following statements is true of the guidelines offered by Richard DeGeorge
for organizations doing business in other countries?
58. Why were the guidelines offered by Richard DeGeorge for organizations doing business in
other countries criticized?
59. Which of the following statements is true of enforcing global ethics?
60. Which of the following bodies has approached the issue of standardizing global ethical
conduct by promoting behavior guidelines that multinational corporations can publicly support?
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61. Which of the following is a characteristic of the UN Global Compact?
62. _____ is one of the four key areas of concern upon which the UN Global Compact
focuses.
63. Which of the following statements is true of the UN Global Compact?
64. The UN Global Compact:
65. The UN Global Compact focuses on:
66. The UN Global Compact states that businesses should:
67. The Organization for Economic Cooperation and Development (OECD) Guidelines for
Multinational Enterprises were initially a part of the _____.
68. Which of the following is a difference between the UN Global Compact and the
Organization for Economic Cooperation and Development (OECD) Guidelines for Multinational
Enterprises?
69. Which of the following is true of the Organization for Economic Cooperation and
Development (OECD) Guidelines for Multinational Enterprises?
70. The Organization for Economic Cooperation and Development (OECD) guidelines
recommend:
71. Which of the following principles and standards of behavior is advocated by both the
Organization for Economic Cooperation and Development (OECD) and the UN Global Compact?
72. Which of the following is recommended by the Organization for Economic Cooperation
and Development (OECD) Guidelines?
73. The Organization for Economic Cooperation and Development (OECD) Guidelines believe
that less-developed countries should:
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74. Which of the following is true of the concept of global ethics?
75. Fred, a manager in a multinational corporation, is a supporter of Milton Friedman’s
instrumental contract. Fred believes that corporations:
Accessibility: Keyboard Navigation
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 09-03 Explain the challenges in developing a global code of ethics.
Fill in the Blank Questions
76. A _____ nation is one that enjoys a high standard of living as measured by economic,
social, and technological criteria.
77. A _____ nation is one that lacks the economic, social, and technological infrastructure of a
developed nation.
78. _____ refers to ethical choices that offer the greatest good for the greatest number of
people.
79. A _____ corporation is one that sells products and services across multiple national
borders.
80. _____ refers to the expansion of international trade to a point where national markets are
overtaken by regional trade blocs, leading eventually to a global marketplace.
81. _____ have overtaken national markets, leading to a global marketplace, because of
globalization.
82. Multinational corporations are also known as _____ corporations.
83. _____ refers to the gray area in which ethical principles are defined according to the
traditions of society, personal opinions, and the circumstances of the present moment.
84. The European Economic Community is an example of a _____ of countries that work
together to leverage their size and geographical advantage to take bigger roles on the global
economic stage.
85. American companies can be held accountable for their ethical performance in the United
States by the _____.
86. The _____ is a voluntary corporate citizenship initiative endorsing 10 key principles that
focus on four main areas of concern: the environment, anticorruption, the welfare of workers
around the world, and global human rights.
87. The UN Global Compact is a voluntary corporate citizenship initiative endorsing 10 key
principles that focus on four main areas of concern: the _____, anticorruption, the welfare of
workers around the world, and global human rights.
88. The _____ relies on public accountability, transparency, and the enlightened self-interest
of companies, labor, and civil society to initiate and share substantive action in pursuing its
principles.
89. With over 2,000 companies in more than 80 countries making a voluntary commitment to
this corporate citizenship initiative, the _____ is widely recognized as the world’s largest initiative
of its kind.
90. The Organization for Economic Cooperation and Development (OECD) Guidelines for
Multinational Enterprises were originally adopted as part of the _____.
91. Originally adopted as part of the larger Declaration on International Investments and
Multinational Enterprises, the _____ promote principles and standards of behavior for
corporations.
92. The _____ represents a more governmental approach to the same issues featured in the
UN’s nongovernmental Global Compact.
93. The Organization for Economic Cooperation and Development (OECD) Guidelines for
Multinational Enterprises represent a more _____ approach to the same issues featured in the
UN’s nongovernmental Global Compact.
94. The _____ calls on enterprises to respect both the letter and spirit of tax laws and to
cooperate with tax authorities.
95. _____ instrumental contract argues that corporations carry no moral obligation to the
countries in which they operate beyond abiding by their laws.
Essay Questions
96. Differentiate between less-developed and developed nations.
97. How has globalization affected the economic market?
98. What are the advantages and disadvantages of globalization?
99. Identify the reasons for criticizing Richard DeGeorge’s guidelines for multinational
corporations doing business abroad.
100. Summarize the 10 key principles of the UN Global Compact that address its four areas of
concern: Human Rights, Labor Standards, Environment, and Anticorruption.