Ethics and Social Responsibility

Which of these is not a BRIC country, the engines of future world economic growth?

• Britain

• Russia

• India

• China

What is social responsibility?

• Developing and promoting environmentally sound products and practices to gain a competitive edge

• Doing business to meet the needs of the current generation, without harming the ability of future generations to meet their needs

• The protection deliberately or promotion of the interests of consumers

• An ethical theory, in which individuals are accountable for fulfilling their civic duty

Which of these is not a key reason for international trade?

• Access to factors of production

• Reduced risk

• Lesser costs of shipping

• Inflow of innovation

What are universal ethical standards?

• Ethical norms that apply to people across a broad spectrum of situations

• A set of beliefs about what is right or wrong, or good and bad

• Decisions that involve a conflict of values

• Application of right and wrong, good and bad, in a business setting

Which if these market development questions has the lowest risk, yet also the least control?

• Licensing

• Exporting

• Direct Investment

• Franchising

What did the Sarbanes-Oxley Act do?

• Set a formal written document that defines the ethical standards of an organization

• Required evaluation of how well a firm is meeting its ethics and social responsibility goals

• Limited the amount of carbon dioxide and other carbon compounds emitted due to the consumption of fossil fuels by businesses

• Set higher ethical standards for public corporations and accounting firms

Which of these is a sociocultural difference?

• Inflation

• Standard of Living

• Language

• Importing and Exporting

What are stakeholders?

• Business owners who believe that consumers should control the risks taken by the company

• Groups that have a stake in the performance and actions of an organization

• Employees who report their employer’s illegal or unethical behavior to either the authorities or the media

• People who are developing and promoting environmentally sound products and practices to gain a competitive edge

Infrastructure includes transportation communication, energy, and finance.

• False

• True

What is the World Bank's goal?

• To reduce poverty in the developing world

• To create a global, united and universal economic system

• To have enough room for millionaires to store their money

• To stop global warming