This is NOT an essay. Please complete the quiz questions listed below. Most questions are open ended and there are a few multiple choice. I have attached a word document to be used for your convenience No references are needed. However, I have included a list of the text resources that should be used to find the answers.
- Which aspect of the institutional environment of countries includes the extent to which a country’s capital markets effectively attract new business?
a. The cultural institution
b. The political/legal institution
c. The physical infrastructure institution
d. The economic development institution
- Standard Products, a company based in Hoboken, N.J., has begun its global operations. It has noticed that employees in its Far East manufacturing facilities work harder than employees in its New Jersey plant. An intern studying global management in college suggests “long-term orientation” could be the reason. What is long-term orientation and what effect does it have on work ethic? If the American culture is low in long-term orientation and the Far East countries are high in long-term orientation, in which factories will Standard Products find less resistance to introducing best practices from other cultures in which it operates?
- Some cultures in which a global firm does business-and in which ethical decisions must be made-value traits of success such as earnings and possessions over caring for others and enhancing the quality of life. Which dimension of culture is at work in these countries?
a. Collectivism and individualism
b. Gender focus/masculinity vs femininity.
c. Power distance
d. Uncertainty avoidance
- Which of the following statements defines the distributive justice approach to business ethics?
a. Some things are always right or always wrong, regardless of the consequences.
b. People affected by managerial decisions consent to the decision-making process.
c. Rewards and punishments should be distributed based on an individual’s performance.
d. Both benefits and costs should be equitably distributed, and rules should be impartially applied.
- What is the universal, or Kantian, approach to ethical decision-making?
- As opposed to a business code of ethics, what should a business code of conduct provide to employees, managers and all other individuals within a business? Provide an example of an item that would be contained in a business code of conduct.
- Along with communication and training, what else must a company do to ensure that its employees and managers comply with the company’s ethical code? Why is this necessary? Provide an example.
- Standard Products, a publicly traded corporation based in Hoboken, N.J., is considering building a manufacturing plant in a Far East country. In that country’s culture, managers are considered superior to employees and are never to be questioned. Employees’ suggestions and input are never requested because doing so would be seen as compromising the prestige of the manager. Standard Products, however, has an open-door policy in which managers are expected to listen to employees’ suggestions, address their questions and otherwise act on an equal level with employees. If Standard Products adopted a righteous moralist view of ethics, would doing so cause any problems in the new factory? What problems might be caused? In your response, include an explanation of the righteous moralist view of business ethics.
- What is the Foreign Corrupt Practices Act, and does it apply to American companies that do not operate in foreign countries?
- In which stage of ethical decision-making does a business ensure all stakeholders have been consulted, and determine if some stakeholders might be disadvantaged or have a stronger need?
a. Examine the facts
b. Create alternatives.
c. Evaluate the results
d. Implement a course of action
- Burgers-N-Fries is a national fast-food chain in the U.S. that is planning to move into the Far East market, specifically Japan, South Korea, Taiwan and the Philippines. In one of the countries where it wants to open a restaurant, a local government official is demanding a “gift” of $50,000 to approve the building permit. In that country, bribes to officials are not considered unethical. Should Burgers-N-Fries give the official the $50,000 “gift?” Explain your answer in the context of ethics and the varying ethical standards between cultures.
- Standard Products, a company based in Newark, N.J., has begun its global operations. It understands that one aspect of business ethics is the way in which employees treat the organization they work for. What are some ethical aspects of the way employees treat their business organization? Do all cultures have the same ethical standard regarding the way employees treat their employer? If the company held a cultural relativist view of ethics, what would Standard Products need to understand about the way employees treated the organization?
- Standard Products, a publicly traded corporation based in Hoboken, N.J., that does business globally, has been under pressure from a small shareholder group to engage in more sustainable business practices. In particular, Standard Products is being asked to reduce its carbon footprint in its American factories that run on coal. The shareholder group argues that sustainability is an ethical issue. Using the steps of ethical decision-making, how should Standard Products decide if it will adopt sustainable practices? It is not necessary to arrive at a decision but rather to explain what steps would be involved in making a decision.
14. Standard Products, a publicly traded corporation based in Hoboken, N.J., is in the process of building a manufacturing plant in Nicaragua. The company has just learned the local government requires Standard Products to hire exclusively from the local trade union. Tradition in Nicaragua has first- and second-generation family members comprising much of the trade union rolls. As a result, more experienced parents, aunts and uncles will be made managers, and their children, nephews and nieces could be hired as factory employees working under them. Standard Products holds a moralist view of business ethics in which there is a clear “right” and “wrong.” Using the steps of ethical decision-making, respond to the following issues: is there a problem that needs to be identified? Explain what facts must be determined if a problem is found.
APA format and references not needed at this time. However, I have listed the text resources from the class and topics below:
- Baron, Business and Its Environment, Pearson eText, 7/e
- Black, Hitt, and Porter, Management, Pearson eText, 3/e
- Cavusgil, Knight and Riesenberger, International Business: The New Realities, Pearson eText, 4/e
- Pustay and Griffin, International Business: A Managerial Perspective, Pearson eText, 8/e
- Wild and Wild, International Business: The Challenges of Globalization, Pearson eText, 8/e