Ch. 2 Managing Interdependence, Social Responsibility, and Ethics
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Jan 9, 2024
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Ch. 2 Managing Interdependence, Social Responsibility, and Ethics
1
Ch. 2 Managing Interdependence, Social
Responsibility, and Ethics
Which of the following significantly increases the complexity of social responsibility and ethical behavior of MNCs
additional stakeholders associated with firm’s activities
Which of the following terms refers to an integration of the business environments in which firms currently operate,
resulting from a dissolution of traditional boundaries and from increasing links among MNCs
global corporate culture
McDs applies the morality it practices in the US to all foreign countries in which it operates. McDs is adhering to
ethnocentrism
Creating Shared Values creates economic value by creating social value
Which of the following is a policy of the Electronic industry code of conduct
contract manufacturers should follow some basic environmental reqs
According to the international codes of conduct, the MNE behavior toward the host government is related to economic
and developmental policies, laws and regulations, and political environment
According to international codes of conduct, human rights is related to MNE behavior toward persons
International business ethics refers to the business conduct or morals of MNCs in their relationships with individuals
and entities
Relative prevalence is a primary focus of the research that is carried out by Transparency International
Ch. 2 Managing Interdependence, Social Responsibility, and Ethics
2
Payments to expedite routine transactions are often referred to as grease monkey
Foreign corrupt practices act prohibits US companies from making illegal payments or other gifts or political
contributions to foreign govt officials for the purposes of influencing them in business transactions
Having a global compliance system shows that employees have understood, and signed off on, the legal obligations
regarding bribery and corruption in the countries where they do business
Following your own conscience and moral code is the last step of making an ethical decision
Raising capital from local sources is a MNC subsidiary activity that is blamed for rising interest rates in host countries
Protectionism refers to a country’s use of tariff and nontariff barriers to partially or completely close its borders to
various imported products that would compete with domestic products
Under governmentalism, the government uses its policy setting role to favor national interests, rather than relying on
market forces
Sustainability lies at the intersection of financial, social, and environmental health - sometimes described as the triple
bottom line
Weak regulations and low costs is the reason why companies dispose hazardous wastes in less developed countries
Industrial ecology is a systems view in which one seeks to optimize the total materials cycle from virgin material, to
finished material, to component, to product, to obsolete product, and to ultimate disposal
Global interdependence creates demands on intl managers to take a positive stance on issues of social responsibility
and ethical behavior
The sales, debts, and resources of some of the largest MNCs exceed the GDP, public and private debt, and the
resources of some nations
Ethical relativism adopts the local moral code of the country in which it is operating
Ch. 2 Managing Interdependence, Social Responsibility, and Ethics
3
Discuss the differences between moral universalism, ethnocentrism, and ethical relativism. Which approach is
superior?
With the ethnocentric approach, a company applies the moral standards of its home country. On the other hand,
ethical relativism involves a company adopting the moral code of the country where it does business. Moral
universalism differs from these as it applies a set of universal standards, derived from international conduct
codes, rather than relying on home or host country morals. Ethics researcher Bowie posits that moral
universalism is a better guide for ethical decision-making than both ethnocentrism and relativism.
What is the primary challenge for multinational corporations (MNCs) when defining organizational ethics?
The most significant challenge for MNCs when establishing a corporate-wide ethical stance is the substantial
variation in ethical standards worldwide. Many practices deemed unethical or even illegal in some countries are
accepted business methods in others.
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