Deck 16: Defining Ethics and Corporate Social Responsibility in the Global Marketplace

Question 1

Ethical relativism is defined as ______________________.

A) there being no universal set of ethical standards
B) giving preference to one's own ethical values
C) a set of universally accepted and valid ethical standards
D) what is right is synonymous with what is legal
E) moderation in all things

Answer 1

A

Question 2

Ethical absolutism is defined as ________________________.

A) there being no universal set of ethical standards
B) giving preference to one's own ethical values
C) a set of universally accepted and valid ethical standards
D) what is right is synonymous with what is legal
E) moderation in all things

Answer 2

B

Question 3

The Asian Development Bank estimated that the "corruption task" in Asia costs governments approximately ____ per cent of their tax revenues.

A) 10
B) 25
C) 50
D) 75
E) 90

Answer 3

C

Question 4

Ethical universalism is defined as ___________________.

A) there being no universal set of ethical standards
B) giving preference to one's own ethical values
C) a set of universally accepted and valid ethical standards
D) what is right is synonymous with what is legal
E) moderation in all things

Question 5

Social responsibility is a concept of ethics that businesses should act in the interests of society at large, taking into consideration __________________________.

A) maximizing shareholder wealth
B) maximizing shareholder and executive wealth
C) shareholders and executives/employees who have stock options
D) external stakeholders interests
E) all of its stakeholders and not only its shareholders

Question 6

Current thinking about corporate social responsibility (CSR) goes beyond just being ethical and obeying business law. It assumes that businesses should contribute _______________________.

A) to the welfare of all its stakeholders beyond the goal of providing employment and making a profit
B) to maximizing shareholder wealth
C) the tax base of the local community
D) to the carbon offsets program
E) the union vacation fund

Question 7

The country with the most safety and intellectual property rights violations is:

A) Bulgaria
B) China
C) India
D) Philippines
E) Russia

Question 8

The financial performance of companies with a code of ethics _____ compared with a similar group of companies that did not have one.

A) was roughly equal
B) was worse
C) was better
D) was worse due the expense of compliance
E) was impossible to tell due to falsification of information provided

Question 9

Academic studies have found a ____ correlation between companies with a reputation for integrity and the growth of long term shareholder value.
Responses:

A) an inverse
B) no
C) negative
D) positive
E) spurious

Question 10

More and more countries are ________________________________.

A) allowing bribes to be expensed on corporate tax returns as a legitimate business expense
B) incorporating a "don't ask, don't tell" approach towards bribery
C) viewing bribes as a form of commission
D) allowing bribery if it is not down within the borders of the home country
E) strengthening legislation against corruption and bribery

Question 11

What should an international firm do to become a good corporate citizen Support your response to demonstrate your mastery of the topic.

Question 12

Many of the issues in corporate ethics and Corporate Social Responsibility focus on the organization as a whole. What can an international marketer do from a marketing perspective.