International business managers can do the following toensure that ethics is considered, except:а.Ensure ethics is considered when making decisionsO b. Build an ethical organizational cultureO c. Favour hiring and promoting people who are smartO d. Ensure managers act ethicallyAgreements among countries in a geographic region toreduce and ultimately remove tariff and non-tariff barriersto the free flow of goods, services, and factors ofproduction between each other are known as

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Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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What are the ethical implications of the following interpretations? Foreign-owned companies are guests in host countries and have no right to impose their cultural values. They are obligated to "play by the rules" by following local laws and customs. Any exceptions?
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identify at least 3 main ethical issues about Japan has approved a plan to release more than one million tonnes of contaminated water from the destroyed Fukushima nuclear plant into the sea.
Related to international business.
The fundamental challenge of managing the global enterprise is assessing, interpreting, and reconciling the competing imperatives to do everything the same way everywhere versus doing everything differently given different demands in different locations. This contest is the sine qua non of management—whether expressed here in terms integation versus responsiveness, or as you likely seen elsewhere, efficiency versus effectiveness, standardization versus customization, maximization versus optimization, mechanistic versus organic, universal versus local, and so on. No matter the product provided or markets served, managers must continually find ways to navigate this dilemma. In Module 1, you interpreted this this issue in terms of the normative versus relativist ethical outlooks. Now, in Module 2, we look at this issue in terms of global integration versus responsiveness. Indeed, interpreting the tension between global integration and local responsiveness anchors and interpretation of…
According to the theory of comparative advantage, trade can benefit A. the exporting country involved in a trade. B. neither country involved in a trade. C. both countries involved in a trade. D. the importing country involved in a trade.
The ethical landscape of international business is cloudy, and the diverse nature of cultural, political, and legal systems around the world often makes the line between ethical and unethical business practices difficult to negotiate. In this section you will learn about some of the ethical challenges and issues that businesses face in global markets.
Introduction to Trade Policies: Provide an introduction to the significance of trade policies and agreements in the context of international business. Your international business is an oil rig located in Saudi Arabia. Answer the following question with this in mind 1a. Identify and discuss three trade policies that may directly impact your international business venture. Consider tariffs, quotas, and regional trade agreements as examples. 1b Apply at least two major trade theories to your international business venture. Discuss how these theories explain or influence your choice of products, target markets, or trade strategies.
Mr. Omar Yusof has just accepted your firm’s proposal to be relocated to New Delhi, India as a Director of Marketing of your firm’s subsidiary there. As the Director of the Human Resource Department, you know very well the problems and challenges that are going to be faced by expatriates like Omar. Explain to Omar on the possible challenges that he and his family might face during his stay in India for three years
Simulate your own multinational corporation (MNC). Justify the form of your own MNC, based in the Caribbean, which trades with three countries outside of the Caribbean region.Then, examine issues related to foreign exchange management within your multinational corporation. This exercise should address the following: The form of MNC that the business takes, whether franchising, licensing, the exportation of a product sold through a distributor, etc. The rationale behind using this form of MNC should also be given. The main foreign currencies that will be used in the business. The foreign exchange exposure of the company and how the company plans to manage this exposure. Any current financial issues that affect the operating environment of the MNC and how these issues affect the company’s foreign currency exposure.

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