Emphasizing Institutions, Cultures, and Ethics Flashcard-4

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The Foreign Corrupt Practices Act (FCPA) bans:

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bribery to foreign officials by companies based in the United States.

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

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are expressed by institutions in a written code of conduct.

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Which tends to be true of masculine cultures?

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Stereotypical manager is decisive.

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Which of the following best defines institutions?

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Humanly devised constraints that structure human interaction

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Managers who strive to show respect for institutional context:

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can work to find guidelines that accommodate cultural differences.

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How does bounded rationality affect strategic decision making?

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Managers pursue their interests and make choices within the formal and informal constraints in a given institutional framework.

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Individualism is best defined as:

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the identity of a person not being based on the attributes of the person's collective

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Which of the following is descriptive of ethical relativism? Ethical standards vary significantly around the world.

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Ethical relativism is the view that ethical standards vary significantly around the world.

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Strategists who are sensitive to cultural differences in making strategic decisions will find that:

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they better understand business situations in other parts of the world.

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When it comes to taking action, a savvy strategist should: do “homework” to understand the formal and informal institutions that govern firm behavior.

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do “homework” to understand the formal and informal institutions that govern firm behavior.