Deck 15: Globalization and Business Responsibilities

Question 1

Globalists favour the transfer of capital and technology.

Answer 1

True

Question 2

Amnesty International and Corporate Watch view corporate human rights violations as part of their mission.

Answer 2

True

Question 3

The World Bank was established with the objective of providing financing to countries facing debt crisis and provides bailouts to countries that are likely to default on their debt obligations.

Answer 3

False

Question 4

NAFTA is a result of economic globalization.

Question 5

Under the Poverty Reduction and Growth Facility (PRGF) program,close to 80 countries are eligible for low-interest-rate lending.

Question 6

The World Bank is focused on financial and technical assistance to Africa,Asia,Latin America,and the Middle East.

Question 7

Anti-globalists oppose globalization because of its focus on greed.

Question 8

Coalitions of INGOs work cooperatively employing tactics to disrupt activities of supranational institutions.

Question 9

Globalization refers to decreasing constraints,whether economic,political,or cultural among the peoples of the world.

Question 10

Globalization is a recent phenomenon,with growth in international trade increasing in the last two decades.

Question 11

Canada ranks behind the United States on the Competitiveness Scoreboard.

Question 12

Canada's ranking on the Global Competitiveness Index report has been falling because of inadequate research institutions and government purchasing policies.

Question 13

American cultural imperialism is a viewpoint adopted by anti-globalists,not globalists.

Question 14

INGOs are an element of civil society.

Question 15

American cultural imperialism has resulted in shifting values in other nations.

Question 16

Whereas political and social/cultural globalization are controversial,economic globalization is accepted as a positive approach.

Question 17

Globalization is a process that contradicts protectionism.

Question 18

Canadian universities are increasingly recruiting faculty and students from other nations.The global labour market is an example of political globalization.

Question 19

Supranational institutions focus only on economic globalization in Europe.

Question 20

Globalization is focused on Canadian investment in developing nations,not on direct foreign investment in Canada.

Question 21

INGOs collectively maintain a separation from corporations and therefore do not monitor production facilities on behalf of multinational corporations.

Question 22

Developing distribution systems and communication tools can facilitate activity and trade.

Question 23

Recently travelling through Asia,Jamal and his friends noted the prevalence of branded clothing.For example,Jamal noted that t-shirts bearing the logo of a large,North American clothing retailer were almost as popular in Asia as they were in Canada.This is an example of ___________ globalization.

A) economic
B) political
C) social or cultural
D) transnational
E) corporate

Question 24

Concerning Human Rights,the International Code of Ethics for Canadian Business states that bribes are not to be paid to HYPERLINK "" HYPERLINK "" elected officials.

Question 25

Corruption is the abuse of entrusted power for private gain.

Question 26

The vision of the International Code of Ethics for Canadian Business states that the global presence of Canadian business is economically rewarding for all parties.

Question 27

Compliance to the standards of conduct for multinational corporations is voluntary.

Question 28

The accomplishment of the United Nations' Millennium Development Goals does not reflect any features of capitalism.

Question 29

Corporations can profitably market goods and services to those living in poverty.

Question 30

The corporation,according to the standards of conduct for multinational corporations,should attempt to impact the national balances of payment for developing nations.

Question 31

The Corruption Perceptions Index Scores 2011 shows that New Zealand scores the highest as the least corrupt country.

Question 32

Corporate governance is a principle included in most standards of conduct for multinational corporations.

Question 33

Globalization implies a growing acceptance of capitalism worldwide.

Question 34

The Government of Canada endorses a specific standard of conduct for multinational corporations headquartered in Canada.

Question 35

The Minister of Agriculture in Alberta announced in 2003 that a poll of Alberta farmers clearly showed that the farmers wanted marketing choice for their grain-the option to sell their grain to anyone within and outside of Canada.The Canadian Wheat Board has a monopoly on the marketing of wheat and barley in Western Canada.The farmers opposing the Canadian Wheat Board monopoly are presenting a position aligned with:

A) economic globalists
B) anti-globalists
C) social globalists
D) political globalists
E) corporate globalists

Question 36

A coalition of NGOs,"Publish What You Pay" is calling for the mandatory disclosure of wages paid to top executives.

Question 37

Respect for human rights is a key to establishing market footholds in developing nations.

Question 38

In the spring and summer of 2007,the media focused on the issue of children's toys,imported from developing nations,containing lead at levels that exceeded Canadian and American standards.Several commentators spoke to the need to develop worldwide standards for product safety.This is an example of _________________.

A) economic globalization
B) political globalization
C) social globalization
D) cultural globalization
E) transnational globalization.

Question 39

The NGO,Greenpeace,has branches in many nations around the world.The organization,which is controversial because of some of the tactics they employ,has raised awareness of environmental issues.This is an example of __________ globalization.

A) economic
B) political
C) social or cultural
D) transnational
E) corporate

Question 40

Corporations,according to the standards of conduct for multinational corporations,should not interfere in political processes through the offering of gifts or other rewards to the benefit of a politician.

Question 41

Advertising practices must be honest,and consumers must be fairly treated according to the __________ principle of the standards of conduct for multinational corporations.

A) competition
B) corrupt practice
C) sociocultural objectives and values
D) stakeholder consideration
E) advertising is not an element in the standards of conduct for multinational corporations

Question 42

During the 1990s,Canada suffered a net loss of skilled workers to the United States,but had high rates of immigration of highly educated workers from other nations.A brain drain is an emigration of trained and talented individuals to other nations.A brain drain is a claim used by _________ to support their position.

A) globalists
B) anti-globalists
C) international NGOs
D) supranational institutions
E) economists

Question 43

According to Competitiveness Scoreboard,Canada:

A) has efficient product markets
B) has efficient labour markets
C) has inadequate research institutions
D) has inadequate government purchasing policies
E) all of the above

Question 44

Julio's company has recently moved its factories to India.As part of its commitment to the International Code of Ethics for Canadian Business,the company is having its human resource management policies reviewed to ensure that they meet international labour standards.This endeavour is reflective of which principle of the Code?

A) Community Participation and Environmental Protection
B) Human Rights
C) Business Conduct
D) Employees Rights and Health & Safety
E) Jung's company is in compliance with the Code

Question 45

Corporations have become increasingly accountable for the use of "sweatshop" labour in developing nations.A supranational institution that has brought this issue to public and corporate attention is:

A) World Bank
B) Corporate Watch
C) International Labour Organization
D) International Monetary fund
E) UNESCO

Question 46

Sandra is hoping to work in a supranational institution following graduation because she believes that monetary support will aid developing nations in the reduction of poverty.She should apply for a position with ____________.

A) United Nations
B) International Monetary Fund (IMF)
C) International Labour Organization
D) OECD
E) UNESCO

Question 47

In terms of Globalization and Canadian Business,Canadian business must do all of the following,except:

A) Forge international links.
B) Recognize that there will be less distinction between foreign and domestic enterprises.
C) Recognize that performance will be more important than ownership and control of business.
D) Restructure research and development.
E) Block the transfer of intellectual capital.

Question 48

Francois' company is planning on opening a factory in a developing nation.It is their goal to train persons from the local labour force to manage the facility.This expectation is reflective of the ________________ standard of conduct for multinational corporations.

A) political factors
B) sociocultural objectives and values
C) employment and human resources
D) competition
E) financing

Question 49

Juan's company has operations in many countries.His company will issue CSR reports according to the _____________ principle of the standard of conduct for multinational corporations.

A) political factors
B) sociocultural objectives and values
C) disclosure of information
D) competition
E) financing

Question 50

The Global Competitiveness Scoreboard Report measurements include all of the following,except:

A) Economic performance
B) Business efficiency
C) Government efficiency
D) Infrastructure effectiveness
E) Market efficiency

Question 51

ABC Corporation is developing environmental policies regarding manufacturing in a developing nation.In developing these protocols,within the environmental protection standards of the global standards of conduct,ABC Corporation should

A) Grant industrial property rights to local interests.
B) Not be involved in child labour.
C) Follow national laws in the host country.
D) Apply international standards of sustainability.
E) Follow national laws within the host country with due regard to international standards of sustainability.

Question 52

Which of the following supranational institution(s) provide(s) supports for human and labour rights in developing nations?

A) World Bank
B) International Monetary Fund (IMF)
C) International Labour Organization
D) United Nations
E) OECD

Question 53

Which of the following statements regarding international non-governmental organizations (INGOs) is false?

A) INGOs are globalist in orientation.
B) INGOs are also referred to as transnational social movement organizations.
C) INGOs represent the interests of the developing nations in the globalization process.
D) INGOs are an important element of civil society.
E) INGOs believe that political globalization is problematic.

Question 54

Which supranational institution(s) provide(s) funding to developing nations?

A) World Bank
B) International Monetary Fund (IMF)
C) International Labour Organization
D) United Nations
E) OECD

Question 55

Mai's company has recently moved its factories to Vietnam.As part of its commitment to the International Code of Ethics for Canadian Business,the company is using Vietnamese consultants to help them ensure that local norms are respected in regards to human resources.This practice reflects which principle of the Code?

A) Community Participation and Environmental Protection
B) Human Rights
C) Business Conduct
D) Employees Rights and Health & Safety
E) This is not a matter covered by the principles of the Code

Question 56

Jung is preparing a report to his supervisor regarding their firm's compliance with the International Code of Ethics for Canadian Business.He highlights in his report that a supplier has been paying bribes to move product faster and that senior management in Jung's company had not responded to this.Jung's company is not in compliance with which principle of the Code?

A) Community Participation and Environmental Protection
B) Human Rights
C) Business Conduct
D) Employees Rights and Health & Safety
E) Jung's company is in compliance with the Code

Question 57

In complying with the Corruption of Foreign Public Officials Act,there are several offences.These offences include all of the following,except:

A) Bribing foreign official
B) Laundering property
C) Laundering proceeds
D) Possession of property
E) Payment of facilitation fees

Question 58

Economic globalists would support all of the following,except:

A) Canadian direct investment abroad
B) Foreign investment in Canadian oil sands production
C) Elimination of protectionist economic policies
D) India and China becoming more economically powerful
E) Legal requirements that foreign countries must invest in Canada

Question 59

Zara,the CEO of a multinational corporation,is presenting to her board.She is attempting to educate them regarding the concerns of the anti-globalist movement.Which of the following items from her presentation,does NOT represent a concern raised by this position?

A) Unemployment in Canada is a result of the movement of factories in the developing nations.
B) Product patents are not respected.
C) Human rights are frequently violated in other nations.
D) Decision making based on profits is inappropriate.
E) Intellectual property becomes more transferable.

Question 60

The expectation that firms will respect domestic laws,regulations,and administrative procedures is an example of the ______________ involved in the standards of conduct applied to multinational corporations.

A) political factors
B) sociocultural objectives and values
C) employment and human resources
D) competition
E) financing

Question 61

Outline the principles concerning community participation and environmental protection in the International Code of Ethics for Canadian Business Principles

Question 62

Microfinance is an activity,first started in _____________,to provide loans for ___________ purposes.

A) the World Bank; national development
B) Canada; business development
C) Bangladesh; business development
D) the World Bank; business development
E) Bangladesh; consumption

Question 63

What is meant by fair trade? Provide examples of products that demonstrate this principle.

Question 64

What recommendations did the OECD give to the Canadian government to increase their effectiveness at enforcing bribery practices?

Question 65

What is meant by "supranational institutions"? Give examples of such institutions.

Question 66

Sourcing of products from sweatshops is a major issue with most retailers as the labour abuses include:

A) child labour
B) poor health and safety
C) poor working conditions
D) low pay
E) all of the above

Question 67

Describe the International Labour Organization (ILO).

Question 68

The trends and drivers behind microfinance as a way of a favourable environment for engaging the poor include all of the following,except:

A) Breaking out of mature market sectors
B) Frameworks conditions are improving
C) Aid and investment conflict
D) Better partners are available
E) Public expectations of corporations are changing

Question 69

Describe an INGO and provide two examples of such organizations.

Question 70

Outline the principles concerning business conduct in the International Code of Ethics for Canadian Business Principles

Question 71

The commercial infrastructure necessary for the 'bottom of the pyramid' includes all of the following,except:

A) Creating buyer power
B) Shaping aspirations
C) Tailoring local solutions
D) Focusing on those with purchasing power
E) Improving access to distribution systems

Question 72

How does Canada need to respond to the growing trend of globalization in order to be competitive?