24. refers to how members of a society respond to ambiguity. A high score means that a culture tends to
minimize risk–taking.
a. Rational economics
b. National culture
c. Bimodal wealth distribution
d. Power distance
e. Uncertainty avoidance
25. The formed in 1995 and administers its own trade agreements, facilitates future trade negotiations, settles
trade disputes, and monitors the trade policies of member nations
a. International Monetary Fund
b. United Nations
c. World Trade Organization
d. North American Free Trade Act
e. European Union
26. What is a major role of the International Monetary Fund (IMF)?
a. It determines the credit ratings of countries.
b. It is the lender of last resort for individuals who cannot secure other types of loans.
c. It functions as a collection agent for global banks.
d. It makes short-term loans to member countries that have deficits and provides foreign currencies for its
members.
e. It provides mortgage loans to international home buyers.
27. Which of the following organizations emerged from the Bretton Woods agreement of 1944, where a group of
international leaders decided that the primary responsibility for the regulation of monetary relationships among
national economies should rest in an extra–national body?
a. International Monetary Fund
b. United Nations
c. World Trade Organization
d. North American Free Trade Act
e. European Union
28. These values were developed by a reverend and the UN Secretary General. They express support for universal
human rights.
a. The Global Sullivan Principles
b. Sarbanes-Oxley Act
c. FSGO
d. Global common values
e. UN Global Compact
29. What is the purpose of the UN Global Compact?
a. To promote free trade around the world
b. To support international banking institutions
c. To uphold the principle of consumerism
d. To provide legal representation to international corporations facing lawsuits
e. To promote human rights, sustainability, and eradicate corruption
30. What is the AACSB?
a. A major international institution regulating banks around the world
b. An accrediting institution for organizational ethics
c. A non–political international governing body
d. An international organization that promotes a set of principles promoting the teaching of responsible
management in business schools
e. A group that promotes sustainability and environmental awareness
31. As business facilitates exchanges, consumption beyond basic needs will increase globally. The important issues
related to consumerism include all but which of the following?
a. What are the impacts of production on the environment, on society, and on individuals?
b. What are the impacts of certain forms of consumerism on the environment, on society, and on individuals?
c. How much of what we deem necessary for consumption is influenced by corporations?
d. What are necessities and what are luxuries?
e. What are the impacts of poor countries’ consumption patterns on wealthy countries?
32. Which two developing countries are expected to generate some of the largest increases in consumption in the
future?
a. The United States and Russia
b. Russia and China
c. China and United States
d. Brazil and Russia
e. China and India
33. According to the World Trade Organization, which of the following products and services are most vulnerable to
protectionism?
a. Textbooks and other school supplies
b. Travel agencies
c. Music and dance
d. Intellectual property
e. Shoes, cars, and steel
34. Which of the following is not an article in the UN Human Rights Declaration?
a. Freedom of religion
b. The right to work in favorable conditions
c. The right to electricity and running water
d. The right to a home adequate for health and well-being
e. Mothers and children being entitled to a special level of care
35. The growth of the Internet and differing security laws between countries has led to an increase in concern for the
human right of
a. religion.
b. a secure job.
c. healthcare.
d. privacy.
e. freedom of speech.
36. Which of the following is not a key area of global ethical risk, as outlined by the Eurasia Group?
a. Political instability
b. Strained relations with China
c. Instability in emerging markets
d. Unequal levels of child labor laws
e. Outlook for Euro–zone countries remains weak
37. What is a living wage?
a. The minimum wage that a worker requires to meet basic needs.
b. The wage at which the average worker can live really well.
c. It is a synonym for minimum wage.
d. The wage received by child workers in order to stay alive.
e. A wage given to workers entirely in the form of food.
38. The benefit of healthcare is being debated as to whether it is a right or privilege. Which of the following countries
does not consider health care to be a right?
a. The United States
b. France
c. Sweden
d. Germany
e. Canada
39. The was a result of a meeting in which international leaders decided that primary responsibility for the
regulation of monetary relationships among nations should rest in an external body.
a. United Nations
b. North American Free Trade Agreement
c. World Trade Agreement
d. World Bank
e. International Monetary Fund
40. Which of the following has the power to enact legally binding ground rules for international commerce and trade
policy?
a. Global Sullivan Principles
b. World Trade Organization
c. Global Sullivan Organization
d. Federal Trade Commission
e. Global Commerce Association
41. Why are many international business ethics issues different from domestic ethical issues?
42. How can differences in two countries’ cultures create ethical issues in business?
43. Discuss the ethical issues associated with multinational corporations.
44. What are the roles of the IMF and the WTO in encouraging, monitoring, and regulating international trade?
45. What is dumping and why is it considered anticompetitive? Does the United States allow dumping?