Question 1

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.

Accepted Answer

The World Bank was established in 1944 with the primary objective of providing financial and technical assistance to developing countries for development programs (e.g., infrastructure, health, education) that are expected to improve the economic prospects and quality of life for people in those countries. Its focus is not specifically on providing bailouts to countries facing debt crises or likely to default on their debt obligations; that role is more closely associated with the International Monetary Fund (IMF).

Question 2

INGOs are an element of civil society.

Accepted Answer

INGOs, standing for international non-governmental organizations, are non-profit organizations that operate independently from governments, and often work towards promoting social, economic, and environmental issues on a global scale. As they operate outside of governments, they are considered an element of civil society.

Question 3

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

Accepted Answer

Many consumers in developing nations value companies that prioritize human rights and social responsibility, and may boycott or criticize companies that engage in unethical or exploitative practices. As a result, establishing respect for human rights can help companies build trust with local communities and gain a foothold in developing markets. Additionally, some countries have laws or regulations mandating human rights standards for companies operating within their borders, making respect for human rights a legal requirement for market access.

Question 4

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

Accepted Answer

Coalitions of International Non-Governmental Organizations (INGOs) often work together, employing various tactics such as advocacy, public campaigns, and lobbying to influence or disrupt the activities of supranational institutions (like the United Nations or the European Union) in order to promote or protect certain values, rights, or interests.

Question 5

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

Accepted Answer

The answer of Corporate governance is a principle included in...

Question 6

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.

Accepted Answer

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 7

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.

Accepted Answer

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

Question 8

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

Accepted Answer

"Publish What You Pay" is a global coalition calling for the mandatory disclosure of payments made by oil, gas, and mining companies to governments to combat corruption and promote transparency, not for the disclosure of wages paid to top executives.

Question 9

Corruption is the abuse of entrusted power for private gain.

Accepted Answer

Corruption involves using one's power or authority for personal gain, often at the expense of others. This can involve acts such as bribery, embezzlement, nepotism, or favoritism. It undermines the rule of law and can have serious consequences for individuals and society as a whole.

Question 10

Supranational institutions focus only on economic globalization in Europe.

Accepted Answer

Supranational institutions in Europe, such as the European Union, do not only focus on economic globalization. They also address political and social issues, including human rights, environmental protection, and security.

Question 11

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

Accepted Answer

According to the standards of conduct for multinational corporations, companies should not attempt to impact the national balances of payment for developing nations in a negative way. They should instead focus on contributing to the sustainable economic development of the countries in which they operate.

Question 12

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

Accepted Answer

The Millennium Development Goals (MDGs) reflect features of capitalism, such as economic growth and global partnerships for development, which are essential for achieving many of the goals, including reducing poverty and hunger.

Question 13

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

Accepted Answer

The Competitiveness Scoreboard measures economic performance, government efficiency, business efficiency, and infrastructure.

Question 14

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

Accepted Answer

INGOs often collaborate with corporations and may monitor production facilities to ensure compliance with environmental standards, human rights, and labor laws, reflecting a partnership rather than a separation.

Question 15

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.

Accepted Answer

The statement accurately describes the challenges that pose a threat to Canada's competitiveness on the "Competitiveness Scoreboard".

Question 16

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

Accepted Answer

The International Code of Ethics for Canadian Business states that organizations should not offer, give or receive bribes or kickbacks to elected officials or candidates for public office or to any other third party for the purpose of obtaining or retaining business, gaining an improper advantage or influencing decision-making. This is in line with the UN Guiding Principles on Business and Human Rights, which recognize bribery and corruption as a human rights issue.

Question 17

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

Accepted Answer

The World Bank provides financial and technical assistance to developing countries in Africa, Asia, Latin America, and the Middle East.

Question 18

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

Accepted Answer

According to the Corruption Perceptions Index Scores (2011), Denmark, Finland, Sweden, and Norway are indeed among the five least corrupt countries. The fifth country on the list is New Zealand.

Question 19

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

Accepted Answer

The statement accurately reflects Canada's ranking on the Global Competitiveness Index.

Question 20

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

Accepted Answer

Compliance to the standards of conduct for multinational corporations is not mandatory but rather a voluntary initiative by the corporations.

Quiz 15: Globalization and Business Responsibilities

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.

INGOs are an element of civil society.

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

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

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

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.

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.

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

Corruption is the abuse of entrusted power for private gain.

Supranational institutions focus only on economic globalization in Europe.

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

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

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

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

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.

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

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

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

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

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