International Business Ethics and Market Strategies Quiz

What is the definition of ethics in the context of international business?

• An individual's personal beliefs about right and wrong

• A company's profit maximization strategy

• The behavior of employees in a firm

• The laws governing international trade

What does a conflict of interest refer to?

• When employees are honest about their actions

• When a firm engages in corporate social responsibility

• When a company follows ethical guidelines

• When an employee benefits at the organization's expense

What is corporate social responsibility (CSR)?

• Obligations to protect and enhance society

• Maximizing profits for shareholders

• Increasing market share

• Reducing costs in production

In the stakeholder model, who are considered primary stakeholders?

• Media and nonprofit organizations

• Employees, customers, and investors

• Competitors and suppliers

• Local communities and governments

What is the first step in foreign market selection?

• Assessing market potential

• Evaluating competition

• Analyzing sociocultural influences

• Understanding legal environments

What type of exporting involves selling to a domestic customer who then exports the product?

• Franchising

• Indirect exporting

• Direct exporting

• Intracorporate transfer

Which entry mode involves starting from scratch in a foreign market?

• Acquisition strategy

• Greenfield strategy

• Joint venture

• Franchising

What is the purpose of a management contract in international business?

• To sell products directly to consumers

• To acquire another company

• To provide managerial assistance for a fee

• To establish a joint venture

What is the main goal of the traditional shareholder model?

• Reducing environmental impact

• Enhancing social welfare

• Considering all stakeholders' interests

• Maximizing profits for shareholders

What does the term 'whistle-blowing' refer to?

• Engaging in competitive practices

• Creating a code of ethics

• Promoting corporate social responsibility

• Reporting unethical conduct within an organization