Deck 15: Globalization and Business Responsibilities

Question 1

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

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

Answer 1

A

Question 2

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 consistency with universally accepted labour standards,including those related to exploitation of child labour.This practice reflects which principle of the Code?

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

Answer 2

C

Question 3

Throughout history there have been significant periods of ___________when countries believed it was in their best interests to restrict international commerce.

A)privatization
B)unionism
C)socialism
D)protectionism
E)deregulation

Answer 3

protectionism

Question 4

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

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

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:

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

Question 6

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)Employees Rights and Health & Safety
C)Jung's company is in compliance with the Code
D)Human Rights
E)Business Conduct

Question 7

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)transnational
C)corporate
D)political
E)social or cultural

Question 8

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)transnational
C)political
D)social or cultural
E)corporate

Question 9

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

Question 10

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

Question 11

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)anti-globalists to support their position.
B)supranational institutions
C)globalists
D)economists
E)international NGOs

Question 12

Economic globalists would support all of the following,except:

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

Question 13

According to the Competitiveness Scoreboard,Canada:

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

Question 14

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

Question 15

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

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

Question 16

In terms of globalization and the impact on Canadian businesses,Canada must do all of the following,except:

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

Question 17

All of the following statements regarding international non-governmental organizations (INGOs)are true,except:

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

Question 18

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)transnational globalization
D)social globalization
E)cultural globalization

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?

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

Question 20

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

Question 21

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

A)Aid and investment conflict with one another
B)New and better partners are available
C)Public expectations of corporations are changing
D)Frameworks conditions in developing countries are improving
E)Breaking out of mature market sectors

Question 22

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

Question 23

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

Question 24

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

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

Question 25

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

Question 26

NAFTA is a result of economic globalization.

Question 27

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

Question 28

Globalization is a process that contradicts protectionism.

Question 29

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

Question 30

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

Question 31

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

Question 32

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

Question 33

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

Question 34

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)Bangladesh; consumption
E)the World Bank; business development

Question 35

Globalists favour the transfer of capital and technology.

Question 36

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

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

Question 37

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

Question 38

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

Question 39

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

Question 40

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

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

Question 41

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.

Question 42

INGOs are an element of civil society.

Question 43

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

Question 44

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

Question 45

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

Question 46

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 47

Multinational corporations,according to the standards of conduct for multinational corporations,should not interfere in the internal affairs of the countries in which they operate and adhere to taxation policies.

Question 48

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

Question 49

Corruption is the abuse of entrusted power for private gain.

Question 50

Supranational institutions focus only on economic globalization in Europe.

Question 51

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

Question 52

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

Question 53

The four factors measured on the "Competitiveness Scoreboard" include: economic performance,government efficiency,business efficiency,and infrastructure.

Question 54

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

Question 55

Canada's ranking on the "Competiveness Scoreboard" will face challenges in the future because of low productivity growth,lack of business scale,skilled labour shortages,and aging infrastructure.

Question 56

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

Question 57

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

Question 58

The Corruption Perceptions Index Scores (2011)reveal that Denmark,Finland,Sweden and Norway are among the five least corrupt countries.

Question 59

Canada's ranking on the Global Competitiveness Index is being dragged down by weak innovation,insufficient access to financing,and inefficient government bureaucracy.

Question 60

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

Question 61

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

Question 62

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

Question 63

Globalization implies a growing acceptance of capitalism worldwide.

Question 64

Compare and contrast economic globalization with political globalization.

Question 65

Describe an INGO and provide two examples of such organizations.

Question 66

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

Question 67

Developing distribution systems and communication links within countries can facilitate economic activity and trade.

Question 68

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

Question 69

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

Question 70

Describe the International Labour Organization (ILO).

Question 71

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