IAE INT STR S5 Ethics & CRS in International Business

Which of the following factors can shape ethical behavior in international business?

• Cultural norms, legal frameworks, and corporate governance

• Marketing strategies and product prices

• Political alliances only

How do cultural norms influence ethical behavior at work?

• They have no influence on business ethics

• They determine what is considered acceptable behavior and decision-making in different regions

• They only affect marketing tactics

Why is it important to understand the legal frameworks in different regions?

• To ignore local laws

• To align corporate policies with local regulations and ensure compliance

• To promote uniform global practices without change

What is a challenge multinational companies face regarding global vs. local ethical standards?

• Ignoring universal principles

• Balancing consistency with respecting region-specific practices

• Promoting local practices everywhere

Which of the following best describes global ethical standards?

• Standards that only apply to developing countries

• Universal principles intended to guide businesses worldwide

• Regulations set by each individual country

How do companies navigate the balance between global and local ethical standards?

• By ignoring local expectations

• By adjusting their practices to respect local norms while maintaining global consistency

• By applying only global principles regardless of location

Why is it essential for companies to develop responsible global strategies?

• To reduce market competition

• To align their values with ethical business practices and build stakeholder trust

• To avoid legal issues in domestic markets

Which of the following is a component of a responsible global strategy?

• Implementing fair trade practices

• Avoiding employee training programs

• Promoting local laws over international regulations

What should businesses focus on when creating CSR plans?

• Increasing profit margins exclusively

• Integrating ethical practices, sustainability, and social impact initiatives

• Expanding globally without regard for social consequences

Why is aligning CSR efforts with business goals important?

• To increase operational complexity

• To ensure CSR initiatives support and enhance overall business performance

• To prioritize CSR over business profitability