Question 1

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 correctly describes the UN Global Compact as a voluntary initiative endorsing 10 key principles focused on the environment, anti-corruption, worker welfare, and human rights.

Question 2

The OECD Guidelines for Multinational Enterprises were criticized because they failed to address consumer interests.

Accepted Answer

The answer of The OECD Guidelines for Multinational Enterprises were...

Question 3

The UN Global Compact relies on public accountability,transparency,and the enlightened self-interest of companies,labor,and civil society to initiate and share substantive action in pursuing the principles on which the Global Compact is based.

Accepted Answer

The statement accurately describes the approach of the UN Global Compact.

Question 4

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

Accepted Answer

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

Question 5

According to Richard DeGeorge's guidelines for organizations doing business in other countries,multinationals are responsible for redesigning the transfer of hazardous technologies so that such technologies can be safely administered in host countries.

Accepted Answer

Richard DeGeorge's guidelines state that multinationals have a responsibility to redesign the transfer of hazardous technologies to ensure safe administration in host countries.

Question 6

The principles and standards of organizational behavior set down by the UN Global Compact cover more issues than the OECD Guidelines for Multinational Enterprises.

Accepted Answer

The OECD Guidelines for Multinational Enterprises cover a broader range of issues, including taxation, competition, and science and technology, in addition to the areas covered by the UN Global Compact, which focuses on human rights, labor, environment, and anti-corruption.

Question 7

The guidelines set down by the Organization for Economic Cooperation and Development are legally binding.

Accepted Answer

The guidelines set down by the Organization for Economic Cooperation and Development are not legally binding. They are only recommendations for member countries to follow.

Question 8

As per the UN Global Compact,businesses should support a precautionary approach to environmental challenges.

Accepted Answer

The UN Global Compact encourages businesses to support a precautionary approach to environmental challenges. This means that businesses should take proactive measures to prevent harm to the environment, even in cases where the scientific evidence of potential harm is not yet conclusive.

Question 9

The UN Global Compact is a set of mandatory rules to which multinational corporations are expected to adhere.Companies that fail to comply with these rules are blacklisted by the US Government.

Accepted Answer

The UN Global Compact is a voluntary initiative and there are no legal or mandatory requirements for companies to participate. Additionally, there is no formal blacklist established by the US Government for non-compliance with the UN Global Compact principles.

Question 10

The UN Global Compact actively polices the behavior of multinational corporations.

Accepted Answer

The UN Global Compact is a voluntary initiative for companies to commit to sustainable and socially responsible policies and practices. While the UN Global Compact does provide guidance and resources for companies to improve their sustainability efforts, it does not actively police their behavior.

Question 11

The UN Global Compact deals exclusively with two key areas of concern: fair pricing and customer satisfaction.

Accepted Answer

The UN Global Compact deals with ten key areas of concern, including human rights, labor rights, environmental sustainability, and anti-corruption measures. It does not exclusively focus on fair pricing and customer satisfaction.

Question 12

The OECD Guidelines for Multinational Enterprises do not address the issue of taxation.

Accepted Answer

The OECD Guidelines for Multinational Enterprises do address the issue of taxation. Chapter VI of the Guidelines provides recommendations for multinational enterprises on how to approach tax matters in a responsible manner, including compliance with tax laws, transparency in tax reporting, and engaging in constructive dialogue with tax authorities.

Question 13

The OECD Guidelines for Multinational Enterprises represents a less governmental approach to the same issues featured in the UN's nongovernmental Global Compact.

Accepted Answer

The answer of The OECD Guidelines for Multinational Enterprises represents...

Question 14

In the guidelines he set down for organizations doing business in other countries,Richard DeGeorge failed to emphasize the importance of working with the local culture.

Accepted Answer

Richard DeGeorge emphasized the importance of working with the local culture in his guidelines for organizations doing business in other countries.

Question 15

The UN Global Compact,which encourages organizations to make a voluntary commitment to corporate citizenship,is widely recognized as the world's largest initiative of its kind.

Accepted Answer

The statement is true.

Question 16

Enforcing a global ethical standard would require all parties involved to agree on acceptable standards of behavior and appropriate consequences for failing to abide by those standards.

Accepted Answer

Enforcing a global ethical standard would require consensus and agreement from all parties involved on what constitutes acceptable standards of behavior and how to deal with violations.

Question 17

The guidelines set down by Richard DeGeorge for organizations doing business in other countries was criticized because it only dealt with the issues of bribery,false advertising,and the use of sweatshops in the production process.

Accepted Answer

The guidelines by Richard DeGeorge cover a broader range of ethical issues in international business, not just bribery, false advertising, and sweatshops.

Question 18

The Global Code of Conduct is a general standard of business practice that can be applied only to undeveloped countries in accordance with their local customs and social norms.

Accepted Answer

The Global Code of Conduct is a general standard of business practice that can be applied globally, regardless of a country's level of development or local customs and social norms. Its purpose is to promote responsible and ethical behavior among businesses operating in any country.

Question 19

In the guidelines he set down for organizations doing business in other countries,Richard DeGeorge stated that it was acceptable for a company to harm the host country only if it served the greatest good for the greatest number of people.

Accepted Answer

In the guidelines he set down for organizations doing business in other countries, Richard DeGeorge stated that companies should produce more good than harm for the host country.

Question 20

The UN Global Compact represents a commitment on the part of its members to promote good corporate citizenship.

Accepted Answer

The UN Global Compact is a voluntary initiative that encourages businesses to adopt sustainable and socially responsible policies and to report on their progress. By joining the UN Global Compact, companies commit to upholding its ten principles in the areas of human rights, labor, environment, and anti-corruption, which represent a framework for good corporate citizenship.

Quiz 9: Ethics and Globalization