What is Cultural Relativism

Ones beliefs and practices should not be judged by another

Workers are treated fairly and have safe working conditions

Why aren’t large International Banks interested in microcredits loans?

Loan sizes are often too small for traditional banks to bother with

What is NOT a benefit of CSR

CSR guarantees that companies will never face government regulations.

Microcredits provide small loans to individuals or groups

How large is Canada’s video game industry?

contributes $3 billion to the economy.

Why is cybersecurity important in international business?

protects consumers and operations

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Working in International Markets

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Questions 15

Answers

1
Non-governmental organizations work for the benefit of the members of other groups in the world’s population.
True
False
2
CSR is the corporate belief that a company needs to be responsible for its actions
True
False
3
What is Cultural Relativism
The process of spreading one culture to dominate all others
The belief that all cultures must follow the same moral rules
A system where governments control cultural traditions
Ones beliefs and practices should not be judged by another
4
Ethical imperialism is the belief that a single universal set of ethical standards should be applied across all cultures
False
True
5
What is not a form that CSR can take?
Making charitable donations
Sponsoring local sports teams
hosting events monthly
Treating employees ethically
6
What is NOT an example of an ethical issue in International Business
Corporate Corruption
Piracy
Sweatshops
Poverty
7
The Immanuel Kant theory states that when making a decision we should focus on how it will impact ourselves
True
False
8
Fairtrade ensures -
Only locally made goods are sold internationally.
Products are always the cheapest on the market.
Workers are treated fairly and have safe working conditions
Companies can avoid paying taxes in developing countries.
9
Why aren’t large International Banks interested in microcredits loans?
Microcredits are illegal in most countries.
Large banks only lend money to other banks.
Microcredit borrowers always have bad credit scores.
Loan sizes are often too small for traditional banks to bother with
10
What is NOT a benefit of CSR
Marketing Tool, people like to buy from companies with solid CSR records
Companies can attract and retain excellent employees
discourages governments from passing laws that could disrupt businesses.
CSR guarantees that companies will never face government regulations.
11
IoT stands for the Internet of Things refers to everyday devices connected to the internet and can send and receive data
False
True
12
What is a Microedit?
Microcredits are loans that must be repaid within 24 hours
Microcredits are credit cards designed for teenagers to build credit early.
Microcredits are large government grants given to major corporations.
Microcredits provide small loans to individuals or groups
13
The FLO sets standards that must be met to achieve CSR status
False
True
14
How large is Canada’s video game industry?
Contributes $4 billion to the economy.
Contributes $8 billion to the economy.
contributes $3 billion to the economy.
contributes $1 billion to the economy.
15
Why is cybersecurity important in international business?
Contributes to advancing technology and keeping information secure
Makes operations easier and faster
protects consumers and operations
limits the amount of people able to access private information

Working in International Markets Flashcards | StudBud