Money laundering is best described as the process of:

Giving Illegally obtained funds the appearance of being legitimate

Kleptocracy refers to a system where:

Political leaders use their power to embezzle state resources

Which of the following is an example of corruption as discussed in the slides?

A public servant demanding a bribe in exchange for a service

In international governance, “cartels” are defined as:

Agreements between companies that can lead to uncompetitive practices

Which of the following is listed as an advantage of global firms?

The ability to operate 24 hours a day by leveraging different time zones

The Chief Integrity Officer’s role in an organization is primarily to:

Ensure that ethical standards and integrity are maintained in the company

Ethical absolutism is best characterized by the belief that:

Universal moral laws exist that define right and wrong

One key challenge for global firms is:

Navigating diverse regulatory, legal, and infrastructural environments

Corporate citizenship, as described in the slides, refers to a company’s responsibility to:

Act in ways that create value for both society and business

Globalization increases the complexity of ethical decision-making primarily because it:

Introduces a diversity of cultural norms and legal frameworks

Which statement best describes the ‘Rights’ principle in international business ethics?

It focuses on respecting human rights and associated labor standards.

The fact that revenues of top multinational corporations can exceed the GDPs of many countries demonstrates:

The significant economic power wielded by global corporations

Impact sourcing is related to corporate citizenship because it:

Seeks to create meaningful work & generate income for disadvantaged groups

Corruption has been defined as “the abuse of entrusted power for private gain.” This definition most directly highlights

Personal enrichment at the expense of public trust

The Global Business Standards Codex's Citizenship Principle is best described as the expectation that employees will:

Act as responsible citizens by respecting laws and protecting public goods

An example of bribery mentioned in the slides is:

A government official demanding a payment in exchange for a service

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MGMT3035-W25-Topic 10 - Ethics in International Business

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Questions 17

Answers

1
Money laundering is best described as the process of:
Moving profits to a country with a lower tax rate
Giving in charity to gain corporate barakah
Giving Illegally obtained funds the appearance of being legitimate
Exchanging old bills for new bills
2
Kleptocracy refers to a system where:
Political leaders use their power to embezzle state resources
Corporations rule through puppet politicians
Public systems are entirely privatized
Governments tax the rich to help the poor
3
Which of the following is an example of corruption as discussed in the slides?
A business using competitive strategies to gain market share
Transparent reporting of financial performance
A company voluntarily sharing its innovations
A public servant demanding a bribe in exchange for a service
4
In international governance, “cartels” are defined as:
Agreements between companies that can lead to uncompetitive practices
Independent audits to ensure fair trade
Ethical alliances for social responsibility
Government regulations that promote market transparency
5
Which of the following is listed as an advantage of global firms?
The elimination of local labor laws
Guaranteed market share in every country
A)Reduced need for cultural understanding
The ability to operate 24 hours a day by leveraging different time zones
6
The long-term health and welfare of the company must always come before personal interests. This is called:
Duty of Care
Transparency Principle
Fiduciary Principle
Citizenship Principle
7
The Chief Integrity Officer’s role in an organization is primarily to:
Oversee marketing and sales strategies
Focus on profit maximization at any cost
Replace the need for external auditors
Ensure that ethical standards and integrity are maintained in the company
8
Ethical absolutism is best characterized by the belief that:
Universal moral laws exist that define right and wrong
Business ethics should change with market conditions
Ethical decision-making is entirely subjective
Ethical standards are dictated solely by local customs
9
One key challenge for global firms is:
The elimination of language barriers
A)The variety of currencies (money) used.
Navigating diverse regulatory, legal, and infrastructural environments
Guaranteed consumer acceptance in all markets
10
Corporate citizenship, as described in the slides, refers to a company’s responsibility to:
Increase shareholder profit at all costs
Focus solely on legal compliance
Pay taxes
Act in ways that create value for both society and business
11
Globalization increases the complexity of ethical decision-making primarily because it:
Eliminates the need for international governance
Introduces a diversity of cultural norms and legal frameworks
Standardizes cultural practices across all nations
Focuses only on technological integration
12
Which statement best describes the ‘Rights’ principle in international business ethics?
It focuses on respecting human rights and associated labor standards.
It emphasizes profit distribution among shareholders.
It supports absolute decision-making by management.
It prioritizes company policies over employee needs.
13
The fact that revenues of top multinational corporations can exceed the GDPs of many countries demonstrates:
The significant economic power wielded by global corporations
The declining importance of national economies
That ethical issues are irrelevant in large companies
That countries are no longer competitive
14
Impact sourcing is related to corporate citizenship because it:
Increases profits by reducing labor costs without social benefits
Focuses on automating processes to improve efficiency
Outsources jobs to the most developed countries
Seeks to create meaningful work & generate income for disadvantaged groups
15
Corruption has been defined as “the abuse of entrusted power for private gain.” This definition most directly highlights
Failure to innovate in business strategies
Misallocation of human resources
Personal enrichment at the expense of public trust
A)Ineffective marketing practices
16
The Global Business Standards Codex's Citizenship Principle is best described as the expectation that employees will:
Act as responsible citizens by respecting laws and protecting public goods
A)Prioritize corporate secrecy over public engagement
Prioritize corporate wealth over personal health and wellbeing
Focus solely on internal profit targets
17
An example of bribery mentioned in the slides is:
An employee receiving a performance bonus
A government official demanding a payment in exchange for a service
A company voluntarily disclosing its internal policies
A firm investing in community development projects

MGMT3035-W25-Topic 10 - Ethics in International Business Flashcards | StudBud