Question 1

What is the benefit of formal,rule-based,impersonal exchange with third-party enforcement (often termed arm's-length transaction)versus informal institutions? Why can't we assume that formal institutions are inherently better than informal ones? How do formal and informal institutions complement each other?

Accepted Answer

The answer of What is the benefit of formal,rule-based,impersonal exchange...

Question 2

The Foreign Corrupt Practices Act passed in 1977 in the United States:

Accepted Answer

The Foreign Corrupt Practices Act (FCPA) of 1977 initially faced skepticism and lacked widespread normative or cognitive support, despite its strong legal provisions against bribery and corruption. Over time, it has influenced global business practices and attitudes towards corruption.

Question 3

​What are the "pillars" that are important in supporting formal and in formal institutions and how do they interact?

Accepted Answer

The answer of ​What are the "pillars" that are important...

Question 4

​Managers who strive to show respect for institutional context:

Accepted Answer

Managers who strive to show respect for institutional context can work to find guidelines that accommodate cultural differences. It is important for managers to understand and respect the cultural context they are operating in, and find solutions that are in line with local customs and norms. This does not mean that they can ignore codes of conduct or make exceptions to bans on bribery, but rather that they should work within these guidelines to find culturally appropriate solutions. Managers should also be cautious about accepting gifts from business associates, as this can create conflicts of interest or an appearance of impropriety.

Question 5

Which best defines an accommodative strategy?

Accepted Answer

An accommodative strategy involves a focus on regulatory compliance and accepting responsibility for actions. The organization internalizes cognitive beliefs and values that promote ethical choices. This is in contrast to a defensive strategy (B) where denial is the first line of defense or a reactive strategy (A) where firms only act in response to a disaster or public outcry. Option C is similar to an accommodative strategy but limits the focus to regulatory changes only.

Question 6

Long-term orientation is best defined as:

Accepted Answer

Long-term orientation refers to a cultural value emphasizing perseverance, thrift, and savings, while delaying gratification for future benefits. This trait is typically seen in Asian cultures such as China, Japan, and South Korea, and is contrasted with short-term orientation, which places a greater emphasis on immediate gratification and stability.

Question 7

​Which of the following is descriptive of ethical relativism?

Accepted Answer

Ethical relativism is the belief that ethical standards vary significantly around the world and there are no objective or universally agreed upon values or morals. Therefore, "ethical standards vary significantly around the world" is descriptive of ethical relativism. Choices A, C, and D are not accurate descriptions of ethical relativism.

Question 8

​When it comes to taking action,a savvy strategist will:

Accepted Answer

The answer of ​When it comes to taking action,a savvy...

Question 9

The Foreign Corrupt Practices Act (FCPA)bans:

Accepted Answer

The Foreign Corrupt Practices Act (FCPA) is a federal law that prohibits the bribery of foreign government officials by U.S. companies or individuals. Therefore, option B is the correct answer because it states that the FCPA bans bribery to foreign officials by companies based in the United States, which is accurate.

Question 10

​Which of the following is NOT considered one of the strategic responses to ethical challenges a firm may face?

Accepted Answer

The three strategic responses to ethical challenges a firm may face are Reactive, Accommodative, and Proactive. Positive is not considered a strategic response to ethical challenges.

Question 11

Which tends to be true of masculine cultures?

Accepted Answer

In masculine cultures, the stereotypical manager is often seen as decisive, reflecting the cultural values of assertiveness, competition, and achievement.

Question 12

In regards to individualism versus collectivism:

Accepted Answer

The answer of In regards to individualism versus collectivism:
...

Question 13

Which of the following is descriptive of ethical imperialism?​

Accepted Answer

Ethical imperialism is the belief that a single set of ethics should apply worldwide, regardless of cultural or societal differences. This can be seen as imposing one's own ethical standards on others, rather than respecting diversity and differences in ethical beliefs.

Question 14

Individualism is best defined as:

Accepted Answer

Individualism is the belief that individual identity and personal goals are more important than the identity and goals of the collective group. It stresses the value of independence, self-reliance, and the pursuit of individual happiness and fulfillment.

Question 15

The norms,principles and standards of conduct that govern behavior:

Accepted Answer

Norms, principles and standards of conduct often overlap with what is legal but there are unwritten guidelines for ethical conduct that may not be formalized or enforced. These may be ignored in certain cases, leading to ethical dilemmas. Therefore, option D is the correct choice.

Question 16

​A company realizes one of its products could potentially have a defective part.Although no problems have been reported,the company recalls the product to check for and if necessary replace the part in question.This company is using a _________ strategic response to its ethical challenge.

Accepted Answer

The company is taking action before any problems have been reported, indicating a proactive approach to the ethical challenge.

Question 17

Which of the following is TRUE regarding cultures and strategic choices?

Accepted Answer

In high power distance countries, leadership tends to be more hierarchical, and the solicitation of subordinate feedback and participation can be viewed as a sign of weak leadership. This is because in such cultures, authority and decision-making are expected to be centralized, and leaders are expected to make decisions without consulting subordinates.

Question 18

​Although it has been suggested that firms in general may prefer to do business with countries that have shorter cultural distances,which of the following arguments can be made against this assumptions?

Accepted Answer

While cultural distance may be a factor in firms' preference for certain countries, it is not the only factor to consider. Other factors such as economic stability, political climate, and market demand may also play a significant role in business decisions. Therefore, it is not safe to assume that firms always prefer countries with shorter cultural distances.

Question 19

Which is the instrumental view regarding motivation to become ethical?

Accepted Answer

The instrumental view regarding motivation to become ethical suggests that good ethics can lead to good profits. This means that being ethical is viewed as a means to an end (i.e. profitability) rather than an end in itself. Jumping on the "bandwagon" to appear more legitimate without becoming more ethical and using ethics to impose the values of the elite on the masses are not examples of the instrumental view. Being self-motivated to "do it right" regardless of social pressures is more aligned with the intrinsic view of motivation.

Question 20

Ethical imperialism is best expressed by which of the following:

Accepted Answer

The answer of Ethical imperialism is best expressed by which...

Quiz 4: Emphasizing Institutions, cultures, and Ethics

The Foreign Corrupt Practices Act passed in 1977 in the United States:

What are the "pillars" that are important in supporting formal and in formal institutions and how do they interact?

Managers who strive to show respect for institutional context:

Which best defines an accommodative strategy?

Long-term orientation is best defined as:

Which of the following is descriptive of ethical relativism?

When it comes to taking action,a savvy strategist will:

The Foreign Corrupt Practices Act (FCPA) bans:

Which of the following is NOT considered one of the strategic responses to ethical challenges a firm may face?

Which tends to be true of masculine cultures?

In regards to individualism versus collectivism:

Which of the following is descriptive of ethical imperialism?

Individualism is best defined as:

The norms,principles and standards of conduct that govern behavior:

A company realizes one of its products could potentially have a defective part.Although no problems have been reported,the company recalls the product to check for and if necessary replace the part in question.This company is using a _________ strategic response to its ethical challenge.

Which of the following is TRUE regarding cultures and strategic choices?

Although it has been suggested that firms in general may prefer to do business with countries that have shorter cultural distances,which of the following arguments can be made against this assumptions?

Which is the instrumental view regarding motivation to become ethical?

Ethical imperialism is best expressed by which of the following:

Quiz 4: Emphasizing Institutions, cultures, and Ethics

The Foreign Corrupt Practices Act passed in 1977 in the United States:

​What are the "pillars" that are important in supporting formal and in formal institutions and how do they interact?

​Managers who strive to show respect for institutional context:

Which best defines an accommodative strategy?

Long-term orientation is best defined as:

​Which of the following is descriptive of ethical relativism?

​When it comes to taking action,a savvy strategist will:

The Foreign Corrupt Practices Act (FCPA) bans:

​Which of the following is NOT considered one of the strategic responses to ethical challenges a firm may face?

Which tends to be true of masculine cultures?

In regards to individualism versus collectivism:

Which of the following is descriptive of ethical imperialism?​

Individualism is best defined as:

The norms,principles and standards of conduct that govern behavior:

​A company realizes one of its products could potentially have a defective part.Although no problems have been reported,the company recalls the product to check for and if necessary replace the part in question.This company is using a _________ strategic response to its ethical challenge.

Which of the following is TRUE regarding cultures and strategic choices?

​Although it has been suggested that firms in general may prefer to do business with countries that have shorter cultural distances,which of the following arguments can be made against this assumptions?

Which is the instrumental view regarding motivation to become ethical?

Ethical imperialism is best expressed by which of the following:

What are the "pillars" that are important in supporting formal and in formal institutions and how do they interact?

Managers who strive to show respect for institutional context:

Which of the following is descriptive of ethical relativism?

When it comes to taking action,a savvy strategist will:

Which of the following is NOT considered one of the strategic responses to ethical challenges a firm may face?

Which of the following is descriptive of ethical imperialism?

A company realizes one of its products could potentially have a defective part.Although no problems have been reported,the company recalls the product to check for and if necessary replace the part in question.This company is using a _________ strategic response to its ethical challenge.

Although it has been suggested that firms in general may prefer to do business with countries that have shorter cultural distances,which of the following arguments can be made against this assumptions?