IB Chap 4+5

Norms are abstract ideas about what a group believes to be good, right, and desirable.

• True

• False

Mores are

• the norms that are seen as central to the functioning of a society and its social life.

• the routine conventions of everyday life.

• abstract ideas about what a group believes to be right, good, and desirable.

• the social rules and guidelines that prescribe appropriate behavior in particular situations.

According to the ________, even if a manager of a multinational sees that firms from other nations are not following ethical norms in a host nation, that manager should maintain the standards of the company's home country.

• cultural relativist

• righteous moralist

• utilitarian

• naive immoralist

Which of the following, in a business setting, is taken to mean benevolent behavior that is the responsibility of successful enterprises?

• Sullivan's principles

• ethical dilemma

• tragedy of the commons

• noblesse oblige

________ are the routine conventions of everyday life.

• Folkways

• Mores

• Rites

• Beliefs

Hinduism and Buddhism both stress the importance of

• the caste system.

• the afterlife.

• Confucian ethics.

• life on earth.

The idea that businesspeople should consider the social consequences of economic actions when making business decisions and that there should be a presumption in favor of decisions that have both good economic and social consequences is known as

• moral relativism.

• noblesse oblige.

• ethical dilemma.

• social responsibility.

Religion may be defined as

• routine conventions of everyday life.

• social rules that govern people's actions toward each other.

• shared beliefs and rituals that are concerned with the realm of the sacred.

• a set of moral principles, or values, that are used to guide and sh

Facilitating payments are

• a direct violation of the Foreign Corrupt Practices Act.

• permitted so long as they are designed only to gain exclusive preferential treatment.

• used to secure contracts that would otherwise not be secured.

• permitted under the amended Foreign Corrupt Practices Act

Identify the incorrect statement about environmental regulations

• Environmental regulations are often lacking in developing nations.

• Environmental regulations are similar across developed and developing nations.

• Developed nations have substantial regulations governing the emission of pollutants, the dumping of toxic chemicals, and so on.

• Inferior environmental regulations in host nations, as compared to the home nation, can lead to ethical issues.