Question 1

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

Accepted Answer

The stakeholder consideration principle of the standards of conduct for multinational corporations requires that businesses treat consumers fairly and honestly in their advertising practices, and consider the impact of their actions on all stakeholders, including consumers. The competition principle pertains to fair competition in the marketplace, while the corrupt practice principle prohibits bribery and other illegal activities. The sociocultural objectives and values principle pertains to cultural sensitivity and respect for local customs and traditions. Therefore, D is the best choice. Option E is incorrect because advertising practices are an important element of the standards of conduct for multinational corporations, given their potential impact on consumer behavior and social welfare.

Question 2

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.

Accepted Answer

Anti-globalists tend to argue against the negative effects of globalization, including the brain drain phenomenon. The loss of skilled workers to other countries is seen as a detriment to the development of the home country, particularly in terms of economic growth and innovation. Therefore, they would use the concept of brain drain as a way to criticize the negative impact of globalization on the country.

Question 3

According to Competitiveness Scoreboard,Canada:

Accepted Answer

Canada has efficient product markets, efficient labour markets, inadequate research institutions, and inadequate government purchasing policies, according to the Competitiveness Scoreboard.

Question 4

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?

Accepted Answer

The review of human resource management policies is reflective of the principle of Employees Rights and Health & Safety, which is one of the four principles of the International Code of Ethics for Canadian Business. This principle emphasizes the importance of protecting the rights and safety of employees, including ensuring that their working conditions meet international labour standards. Given that Julio's company has recently moved its factories to India, it is important for them to review their policies to ensure that they are in compliance with these standards.

Question 5

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:

Accepted Answer

The International Labour Organization is a supranational institution that focuses on promoting social justice and improving working conditions worldwide. One of its key areas of work is tackling the issue of sweatshops and promoting decent work for all. The ILO has brought this issue to public and corporate attention through its research, advocacy, and partnerships with businesses, governments, and civil society organizations. Therefore, the best choice is C.

Question 6

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 ____________.

Accepted Answer

The International Monetary Fund (IMF) provides monetary support and financial assistance to countries, particularly developing nations, to help reduce poverty and stabilize economies.

Question 7

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

Accepted Answer

Blocking the transfer of intellectual capital would go against the trend of globalization and hinder Canadian businesses from forging international links, recognizing the importance of performance over ownership and control, and restructuring research and development. Therefore, this is not a necessary step for Canadian businesses in the era of globalization.

Question 8

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.

Accepted Answer

The sociocultural objectives and values standard of conduct for multinational corporations refers to the expectation that companies will respect and support the social and cultural values of the communities in which they operate. In this case, Francois' company is planning to train persons from the local labour force to manage the facility, which is reflective of this standard of conduct.

Question 9

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.

Accepted Answer

The disclosure of information is a key principle in the standard of conduct for multinational corporations, which requires them to provide transparency about their social, environmental, and ethical impacts. CSR reports are a way for companies to communicate their performance in these areas to stakeholders, including investors, employees, consumers, and communities in which they operate. This information helps stakeholders make informed decisions about how to engage with the company and hold it accountable. While political factors, sociocultural objectives and values, competition, and financing may also be relevant considerations for a company's CSR strategy, the principle of disclosure is specifically related to reporting and transparency.

Question 10

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

Accepted Answer

The answer of The Global Competitiveness Scoreboard Report measurements include...

Question 11

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

Accepted Answer

Following only national laws in the host country may not be sufficient to meet the globally recognized standards of conduct for environmental protection. Therefore, ABC Corporation should follow national laws within the host country with due regard to international standards of sustainability to ensure a responsible approach to environmental protection. Granting industrial property rights to local interests may not be directly related to environmental protection policies. Not being involved in child labour is important, but it is not specifically related to environmental policies. Applying international standards of sustainability is a good practice, but may not be enough without considering the laws and regulations of the host country. Therefore, the best choice is E.

Question 12

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

Accepted Answer

The International Labour Organization (ILO) is a specialized agency of the United Nations that aims to promote social justice and promote decent working conditions worldwide. It supports the development of labor standards, social protection policies, and provides technical assistance to member states to improve labor practices. The other institutions listed do not have a primary mandate related to human and labor rights in developing nations.

Question 13

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

Accepted Answer

The answer of Which of the following statements regarding international...

Question 14

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

Accepted Answer

The answer of Which supranational institution(s) provide(s) funding to developing...

Question 15

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?

Accepted Answer

The answer of Mai's company has recently moved its factories...

Question 16

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?

Accepted Answer

The principle of Business Conduct in the International Code of Ethics for Canadian Business requires companies to conduct their business in an ethical and transparent manner, without engaging in bribery, corruption, or other improper business practices. By highlighting the fact that a supplier has been paying bribes, and senior management in Jung's company has not responded to this, it implies that the company is not following this principle and is therefore not in compliance with the Code.

Question 17

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

Accepted Answer

Payment of facilitation fees is not considered an offence under the Corruption of Foreign Public Officials Act, as these are typically small payments made to expedite routine governmental actions.

Question 18

Economic globalists would support all of the following,except:

Accepted Answer

Economic globalists believe in free market principles and generally do not support legal requirements for foreign countries to invest in a specific country. They favor open competition and elimination of protectionist policies.

Question 19

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?

Accepted Answer

The anti-globalist movement is concerned with issues like unemployment due to outsourcing, human rights violations, and profit-driven decision-making. However, the transferability of intellectual property is not typically a concern raised by this movement.

Question 20

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.

Accepted Answer

The expectation that firms will respect domestic laws, regulations, and administrative procedures is primarily related to political factors, as these are established by the government and are part of the legal and regulatory framework within which businesses operate.

Quiz 15: Globalization and Business Responsibilities