39. _____ is referred to as a course of action that does not violate the accepted principles of
right or wrong governing the conduct of businesspeople.
40. Star Synergy Inc., a chemical dye manufacturing firm headquartered in the U.S., has
started its production units in the less developed nations of the world in order to benefit from the
low production costs. However, the process of dye extraction results in the release of toxic
substances. Hence, the most ethical and economical way for the firm to tackle this problem will
be to:
41. The Sullivan principles attempted to fight against _____.
42. Which of the following statements is true about Sullivan principles?
43. The Republic of Loransia wants all the international companies operating in the country
to adhere to Sullivan principles. Which of the following is an implication of this?
44. Ten years after he proposed what came to be known as Sullivan’s principles, Leon
Sullivan concluded that his principles :
45. Due to certain strict environmental and employment standards in its home nation, Taurus
Inc. has shifted its operations to developing nations. Hence, the firm has now been able to gain
competitive advantage by avoiding costly pollution controls. This strategic move of Taurus Inc.
will be considered as:
46. Which of the following is most likely to be considered as unethical?
47. The term global commons refers to:
48. _____ occurs when a resource held jointly by all, but owned by no one, is overused by
individuals, resulting in its degradation.
49. In the modern world, corporations can contribute to the global tragedy of the commons
by:
50. Which of the following best exemplifies the global tragedy of the commons?
51. The _____ outlawed the paying of bribes to foreign government officials to gain
business.
52. _____ are the payments that are made to expedite routine government actions, and hence
are also known as speed money or grease payments.
53. The Foreign Corrupt Practices Act was subsequently amended to allow for speed money
or grease payments, which are payments made to:
54. In order to build large production units and expedite certain routine government actions
related to this, Scorpius Inc. made legal payments to the government officials of a host nation.
Such payments are typically referred to as:
55. The Convention on Combating Bribery of Foreign Public Officials in International
Business Transactions:
56. Brain Wing Inc. has won the bid to build airplanes for one of its host countries
government. However, the execution of the contract has been delayed due to certain
unproductive, bureaucratic procedures in the less developed nation. In order to legally overcome
this problem, Brain Wing Inc. should resort to the payment of:
57. Which of the following statements is true of facilitating payments?
58. The concept of _____ refers to the idea that businesspeople should consider the social
consequences of economic actions when making business decisions, and that there should be a
presumption in favor of decisions that have both good economic and social consequences.