Question 1

Which of the following is NOT one of the competing views of corporate responsibility?&#10;A) The invisible hand.&#10;B) The hand of government.&#10;C) The hand of economics.

Accepted Answer

The term "the hand of economics" is not commonly recognized as one of the competing views of corporate responsibility. The recognized views typically include "the invisible hand" which refers to the self-regulating nature of the marketplace (originally described by Adam Smith) and "the hand of government" which refers to regulation and intervention by the state to ensure corporate responsibility.

Question 2

A view of ethics which states that actions should be judged by their outcomes is called:&#10;A) Deontology.&#10;B) Teleology.&#10;C) Philology.

Accepted Answer

Teleology is an ethical theory that states that the morality of an action is determined by its consequences.

Question 3

What is backstage culture?&#10;A) Unethical practices carried out in secret.&#10;B) Knowledge that members of a culture are unwilling to share with outsiders.&#10;C) Cultural information which enables foreigners to understand a market.

Accepted Answer

Backstage culture refers to aspects of a culture that are not readily shared with or accessible to outsiders, often including practices, beliefs, and knowledge that are kept within the community or group.

Question 4

What does the Foreign Corrupt Practices Act prevent American companies from doing?&#10;A) Accepting bribes from foreigners.&#10;B) Offering bribes to foreigners.&#10;C) Encouraging foreigners to offer bribes to US officials.

Accepted Answer

The Foreign Corrupt Practices Act (FCPA) primarily aims to prevent American companies and their agents from influencing foreign officials through bribery or corrupt practices. It prohibits offering, paying, promising to pay, or authorizing the payment of money or anything of value to foreign officials to assist in obtaining or retaining business.

Question 5

Why should one not give a clock to a Chinese business contact?&#10;A) It implies that you are in a hurry.&#10;B) It implies that you have plenty of time.&#10;C) It is thought to bring bad luck.

Accepted Answer

In Chinese culture, giving a clock as a gift is considered bad luck because the phrase "giving a clock" (送钟, sòng zhōng) sounds like the phrase for the funeral ritual "送终" (sòng zhōng). This is interpreted as a symbol of death or the end of relationships, making it an inappropriate gift, especially in a business context.

Question 6

What is reciprocity?&#10;A) Forcing a seller to buy something from the company he or she is trying to sell to.&#10;B) Helping a company when it is in trouble, for example by giving extended credit, in the expectation of an increase in purchases later as a show of gratitude.&#10;C) Offering a buyer a personal favour in exchange for placing an order.

Accepted Answer

Reciprocity in this context refers to the practice where a seller is forced to buy something from the company they are trying to sell to, creating a mutual exchange of goods or services.

Question 7

Why might a buyer ask a foreign company to inflate the invoice?&#10;A) To build up credit for future transactions.&#10;B) To avoid exchange controls and export cash.&#10;C) To act as a bribe.

Accepted Answer

Inflating an invoice can allow a buyer to move more money than the actual value of the transaction out of a country, effectively bypassing exchange controls and restrictions on the export of currency. This can be a method to transfer funds internationally in a manner that might not be allowed under normal circumstances.

Question 8

A standard which is acceptable in all cultures and organisations is called:&#10;A) A hypernorm.&#10;B) A consistent norm.&#10;C) A moral free space.

Accepted Answer

A hypernorm is a fundamental norm that is universally accepted across cultures and organizations, serving as a standard for ethical behavior.

Question 9

What is guangxi?&#10;A) A system for eliminating bribes.&#10;B) A system for establishing social obligations by doing favours.&#10;C) A system for monitoring business behaviour in order to maintain ethical standards.

Accepted Answer

Guangxi is a Chinese term that refers to the establishment and maintenance of an intricate web of personal connections, relationships, and networks that facilitate business and social interactions. It often involves the exchange of favors and mutual obligations, which are crucial for navigating social and business landscapes in many Chinese-speaking communities.

Question 10

Approximately what proportion of companies specify that buyers are not allowed to accept gifts?&#10;A) 10%.&#10;B) 80%&#10;C) 50%.

Accepted Answer

The answer of Approximately what proportion of companies specify that...

Deck 4: Ethical Considerations for Business Marketers