ETHICS IN INTERNATIONAL BUSINESS

What are the moral principles and values that govern the behaviour of people, firms, and government regarding right and wrong?

What is the practice of companies going beyond legal obligation to actively balance commitments to shareholders, customers, employees, and communities known as?

What is the example provided for employment practices regarding minimum wage per hour in different countries?

In which year was Adidas criticized for operating a sweatshop in Indonesia where employees were forced to work long hours under terrible conditions and received unfair wages?

What advantage do MNCs take regarding environmental regulations in host countries?

Which country passed the Foreign Corrupt Practices Act 1997 criminalizing bribery of foreign public officials by business enterprises?

What does the Friedman Doctrine state regarding social responsibility and profits?

According to Cultural Relativism, what should firms adopt in terms of ethics?

According to which theory, human beings have fundamental rights and privileges that transcend national boundaries and cultures?

• Rights

• Justice

What is the approach where consequences determine the moral worth of actions or practices?

• Utilitarian

• Kantian