Question 1

Globalization can be seen as having an upside only.

Accepted Answer

Globalization has both upsides and downsides. While it has opened up new markets, created jobs, and increased access to goods and services, it has also led to exploitation of labor, environmental degradation, and widening income inequality.

Question 2

At this time,only a handful of global companies are large enough to have a dramatic impact on trade levels just with their own internal transactions.

Accepted Answer

The answer of At this time,only a handful of global...

Question 3

The UN Global Compact is a voluntary corporate citizenship initiative endorsing 10 key principles that focus on four key areas of concern: the environment,anticorruption,the welfare of workers around the world,and global human rights.

Accepted Answer

The statement accurately describes the UN Global Compact initiative and its focus on the environment, anti-corruption, global human rights, and the welfare of workers around the world.

Question 4

The Global Code of Conduct is a general standard of business practice that can be applied equally to all countries over and above their local customs and social norms.

Accepted Answer

The Global Code of Conduct is designed to be a universal set of ethical guidelines that can be applied globally and are independent of local customs and norms. This ensures consistency and accountability across all countries and businesses.

Question 5

OECD Guidelines for Multinational Enterprises promote principles and standards of behavior in the areas of: human rights,information disclosure,anticorruption,taxation,labor relations,environment,competition,and consumer protection.

Accepted Answer

The OECD Guidelines for Multinational Enterprises do indeed promote principles and standards of behavior in the areas of human rights, information disclosure, anti-corruption, taxation, labor relations, environment, competition, and consumer protection.

Question 6

The Global Compact is a regulatory instrument,which is relied upon to police,enforce,and measure the behavior or actions of companies.

Accepted Answer

The Global Compact is not a regulatory instrument and does not have the power to police, enforce, or measure the behavior of companies. It is a voluntary initiative that encourages businesses to adopt sustainable and socially responsible policies and practices.

Question 7

Global Citizenship represents a commitment to promote good corporate citizenship,with a focus on four key areas.

Accepted Answer

The answer of Global Citizenship represents a commitment to promote...

Question 8

In the pursuit of profit and continued expansion,MNCs have been guilty of bribery,pollution,false advertising,and questionable product quality.

Accepted Answer

MNCs (multinational corporations) have been known to engage in unethical practices such as bribery, pollution, false advertising, and poor product quality in order to maintain their profitability and expand their operations. This behavior is a documented phenomenon and has been extensively discussed in academic literature and media reporting.

Question 9

Critics have argued that the moral temptations of global expansion have grown weaker so MNCs tend to ignore them.

Accepted Answer

Critics have argued that the moral temptations of global expansion have grown stronger due to the potential profits, resources, and opportunities available in other countries, and MNCs may face ethical dilemmas in balancing their pursuit of profit with their social and environmental responsibilities.

Question 10

Even though we are now seeing the development of larger trading blocs,as neighboring countries work together,the individual countries within those trading blocs are not disappearing.

Accepted Answer

While countries may work together within a larger trading bloc, they still maintain their individual sovereignty and distinct identities.

Question 11

Under the labor standards of the Global Compact,businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining.

Accepted Answer

This statement is true according to the labor standards of the Global Compact. Businesses who sign on to the Global Compact are expected to uphold this standard, along with other human rights and sustainability principles.

Question 12

"Contribute to the host country's development" and "Respect the human rights of your employees" are two of the guidelines for organizations offered by Richard DeGeorge.

Accepted Answer

These are two of the four guidelines for organizations offered by Richard DeGeorge in the field of international business ethics.

Question 13

"Do no intentional harm" is one of the guidelines for organizations offered by Richard DeGeorge.

Accepted Answer

Richard DeGeorge's guideline for organizations is indeed "Do no intentional harm."

Question 14

In 1999 the UN Global Compact became operational.

Accepted Answer

The UN Global Compact was launched in 2000, not 1999.

Question 15

Richard DeGeorge's guidelines present something of an ethical ideal that reveal some of the most severe transgressions which have brought negative attention to the ethical behavior of MNCs.

Accepted Answer

The answer of Richard DeGeorge's guidelines present something of an...

Question 16

The UN Global Compact is a voluntary corporate citizenship initiative endorsing 12 key principles that focus on five key areas of concern.

Accepted Answer

The UN Global Compact endorses 10 key principles focusing on four areas: human rights, labor, environment, and anti-corruption.

Question 17

For advocates of global ethics,a flexible solution has to be found,one that provide standards of practice to guide managers as they conduct business across national boundaries,while respecting the individual customs of the countries in which they are operating.

Accepted Answer

Advocates of global ethics believe that a flexible solution is necessary to provide standards of practice for managers operating across national boundaries, while still respecting each country's individual customs.

Question 18

Enforcing ethical behavior,once it crosses national boundaries,becomes extremely difficult.

Accepted Answer

This is true because each country has its own cultural, legal, and ethical standards. Therefore, what is considered ethical in one country may not be seen as such in another country. It is also difficult to enforce cross-border ethical behavior because there is no global regulatory body that can enforce ethical standards in all countries.

Question 19

Under the anticorruption areas of concern of the Global Compact,businesses should work against all forms of corruption,including extortion and bribery.

Accepted Answer

Under the anticorruption areas of concern of the Global Compact, businesses are expected to work against all forms of corruption including extortion and bribery. Therefore, the statement is true.

Question 20

Enforcing a global ethical standard would require the United Nations to set acceptable standards of behavior and appropriate consequences for failing to abide by those standards.

Accepted Answer

The answer of Enforcing a global ethical standard would require...

Quiz 9: Ethics and Globalization