Question 1

Under governmentalism,the government uses its policy-setting role to favor the interests of ________.

Accepted Answer

Under governmentalism, the government prioritizes the interests of the nation as a whole, rather than favoring specific domestic or foreign companies or investors.

Question 2

Global interdependence creates demands on international managers to take a positive stance on issues of social responsibility and ethical behavior.

Accepted Answer

Global interdependence means that businesses are interconnected and affected by events and issues across the world. As a result, international managers need to consider social responsibility and ethical behavior in their decision-making in order to maintain positive relationships with stakeholders and ensure the long-term success of the business.

Question 3

In recent years,the export of hazardous wastes from developed countries to less developed ones has ________.

Accepted Answer

The export of hazardous wastes from developed countries to less developed ones has increased significantly in recent years, due to factors such as lower disposal costs and less stringent environmental regulations in the receiving countries.

Question 4

Which of the following terms refers to adopting business strategies and activities that meet the needs of the enterprise and its stakeholders today,while protecting,maintaining,and enhancing the human and natural resources that will be needed in the future?

Accepted Answer

Sustainability refers to adopting business strategies and activities that meet the needs of the enterprise and its stakeholders today, while protecting, maintaining, and enhancing the human and natural resources that will be needed in the future. Privatization refers to the transfer of ownership and control of public sector enterprises to the private sector. Protectionism refers to the policy of protecting domestic industries from foreign competition by imposing tariffs or quotas. Technoglobalism refers to the increasing interconnectedness of the global economy through advances in technology.

Question 5

Which of the following is the main reason why companies dispose hazardous wastes in less developed countries?

Accepted Answer

Companies dispose hazardous wastes in less developed countries because they have weak regulations and low costs, making it cheaper for them to do so. These countries may also have less strict enforcement of environmental regulations, allowing companies to dispose of hazardous waste more easily.

Question 6

If MNCs want to take the lead in dealing with ecological interdependence,then they most likely need to ________.

Accepted Answer

Incorporating sustainability goals into strategic planning allows MNCs to not just comply with regulations, but to proactively work towards ecological interdependence. This involves considering the environmental impact of their operations, promoting responsible resource management, and investing in sustainable initiatives. Choosing this option also presents the opportunity for MNCs to establish themselves as leaders in sustainability and gain a competitive advantage in the marketplace. Options A, C, and D are either insufficient or unrealistic in addressing ecological interdependence.

Question 7

________ is a systems view in which one seeks to optimize the total materials cycle from virgin material,to finished material,to component,to product,to obsolete product,and to ultimate disposal.

Accepted Answer

The definition given describes Industrial ecology which is the study of the flow of materials and energy in industrial systems and seeks to optimize the use of resources and minimize waste. It takes a holistic approach, similar to an ecosystem, and looks at the entire life cycle of a product from raw material extraction, transportation, manufacturing, use, and disposal.

Question 8

Which of the following terms refers to the practice by a country of rallying public opinion in favor of national goals and against foreign influences?

Accepted Answer

Nationalism refers to the practice by a country of rallying public opinion in favor of national goals and against foreign influences. Privatization refers to the transfer of ownership of a business or industry from the government to private owners. Protectionism refers to the use of trade barriers by a country to protect its domestic industries from foreign competition. Governmentalism is not a recognized term in political science or economics.

Question 9

________ lies at the intersection of financial,social,and environmental health--sometimes described as the "triple bottom line."

Accepted Answer

Sustainability is the concept that encompasses financial, social, and environmental factors in decision-making. This is often referred to as the "triple bottom line." Technoglobalism is a separate concept related to the impact of technology and globalization on societies, while protectionism and privatization are economic policies that do not necessarily consider social and environmental impacts.

Question 10

________ model provides a system for examining,measuring,and managing the drivers of corporate sustainability.

Accepted Answer

Epstein's model, also known as the "Corporate Sustainability Management System (CSMS)," is a popular framework for managing sustainability in companies. It focuses on identifying and measuring the key drivers of sustainability, such as social and environmental impacts, stakeholder engagement, and governance, and provides a systematic approach for integrating sustainability into corporate strategy and decision-making. The other options (B, C, and D) are not well-known models for examining, measuring, and managing corporate sustainability.

Question 11

Which of the following best defines the concept of managing interdependence?

Accepted Answer

Managing interdependence refers to the effective management of a long-term, MNC subsidiary-host-country relationship through cooperation and consideration for host concerns. It involves managing the interdependence between the MNC and the host country in which it operates, taking into account the economic, social, and political environment.

Question 12

Which of the following MNC subsidiary activities is blamed for rising interest rates in host countries?

Accepted Answer

When an MNC subsidiary raises capital from local sources, it can increase the demand for capital in the local market, leading to rising interest rates. This can be particularly harmful to host country firms, and may even crowd out local investment opportunities. The other options - A) transferring in inappropriate technology, B) dissolving local labor unions, and D) filling key jobs with expatriates - may also have negative impacts on host countries, but are not directly related to rising interest rates.

Question 13

Under governmentalism,the government uses its policy-setting role to favor national interests,rather than relying on ________.

Accepted Answer

Under governmentalism, the government does not rely on market forces to make decisions. Instead, it uses its policy-setting role to advance national interests. Therefore, A, market forces, is the best choice. B, stockholder interests, and D, environmental standards, are not relevant to the definition of governmentalism. C, competitive analysis, may be used in some cases by the government to shape policies but it is not the main feature of governmentalism.

Question 14

Primo is a multinational enterprise based in California that manufactures and sells affordably priced athletic shoes in retail stores around the world.A Primo manufacturing subsidiary in China employs over 20,000 locals.Primo executives recently learned of human rights violations at the firm's China subsidiary.Workers had been forced to work more than 60 hours each week,and minimum wage laws were regularly ignored.As a result,Primo executives need to decide whether to continue operations in China. Which of the following is MOST relevant to the decision by Primo to remain in China?

Accepted Answer

The benefits that the local Chinese community might have are the most relevant to the decision by Primo to remain in China. If Primo decides to close their subsidiary in China, it could have negative impacts on the local community, including loss of jobs and economic instability. Primo may consider implementing changes to improve conditions for workers and ensure compliance with labor laws, but the impact on the local community should also be taken into account. Options A, B, and D may also be important considerations for Primo, but they are not as directly relevant to the decision of whether to remain in China or not.

Question 15

The profitability of individual companies depends on a cooperative and constructive attitude toward ________.

Accepted Answer

The profitability of individual companies depends on a cooperative and constructive attitude toward global interdependence, which refers to the interconnectedness of economies and societies across the world. Companies that recognize and adapt to this reality will be better positioned to capitalize on opportunities for growth and innovation, while those that resist it may struggle to compete and survive in an increasingly interconnected and competitive global marketplace. Moral idealism and corporate technoglobalism are not widely recognized concepts and do not have a direct impact on a company's profitability, while macropolitical interdependence is a broader concept that includes the relationship between states and does not directly apply to individual companies.

Question 16

Which of the following is most likely a benefit to host countries with MNC operations?

Accepted Answer

The answer of Which of the following is most likely...

Question 17

Social responsibility,ethical behavior,and interdependence are important concerns to be built into ________.

Accepted Answer

The answer of Social responsibility,ethical behavior,and interdependence are important concerns...

Question 18

Which of the following concepts requires that an industrial system be viewed not in isolation from its surrounding systems,but in concert with them?

Accepted Answer

Industrial ecology requires that an industrial system be viewed not in isolation from its surrounding systems, but in concert with them. It emphasizes the importance of creating closed-loop systems where resources are conserved, waste is minimized, and the entire ecosystem is considered in the design and operation of industrial processes.

Question 19

Which of the following terms refers to a country's use of tariff and nontariff barriers to partially or completely close its borders to various imported products that would compete with domestic products?

Accepted Answer

Protectionism refers to a country's use of tariff and nontariff barriers to partially or completely close its borders to various imported products that would compete with domestic products. Nationalism refers to a sentiment of loyalty and devotion to a nation. Privatization refers to the transfer of ownership and control of government-owned assets to the private sector. Governmentalism is not a recognized term.

Question 20

Which of the following is a potential benefit to the host country of MNC operation?

Accepted Answer

MNCs often invest in infrastructure development and support in the host country, which can have positive impacts on the local economy and population. This can include building or improving roads, power plants, and other infrastructure, which can support economic activity and improve the quality of life for local residents.

Quiz 2: Managing Interdependence, Social Responsibility, and Ethics