Business Ethics Chapter 11 – International Business And Globalization

Multiple Choice Quiz

Business Ethics Chapter 11 – International Business And Globalization


Identify the practice which is not a criticism of the World Trade Organization (WTO), the International Monetary Fund (IMF), the World Bank, and the G8 that are accused of helping only the rich and harming the poor:
A) These institutions demand that developing economies remove tariffs in their own economies while tolerating protectionist tariffs for industries in the developed economies.
B) Loss of tariffs within poor countries makes them vulnerable to the economic power of industrialized countries and international corporations.
C) In fiscal year 2001, the World Bank lent more than $17 billion to developing countries as part of an effort to reduce poverty in developing countries.
D) Continued subsidies within developed countries that protect domestic industries prevent poorer countries from doing business with wealthier populations.


Select the statement this is not an objection to insisting that diversity of values in cultures entails ethical relativism:
A) It is a mistake to conclude too quickly that because cultures are diverse, they necessarily hold diverse ethical values.
B) Given different circumstances, conduct that might be condemned or excused in one context might be excused or condemned in another. But, excusing unethical behavior is not the same as justifying it.
C) Even in cases where a local culture holds values different from one’s own, a person’s own integrity would require that one’s personal values not be abandoned.
D) Attempts to justify or excuse otherwise unethical conduct by appeals to local values and customs that are advanced only to contribute to the bottom line are simply another instance where ethical responsibilities restrict self-interest. This fact alone is not a good reason to abandon ethics in the face of a disagreement of values.
E) All of the above.
F) None of the above.


Which of the following rights might clearly be the sole responsibility of government rather than of international business?
A) The right to minimal education.
B) The right to nondiscriminatory treatment.
C) The right to physical security.
D) The right to a fair trial.
E) Answers #1 and #4 are both correct.
F) Answers #3 and #4 are both correct.


Identify the ways in which the process of international economic integration has increasingly become more common and accelerated in the last decade or two:
A) International trade agreements such as the General Agreement on Tariffs (GATT) and the North American Free Trade Agreement (NAFTA) have been established.
B) The Euro was adopted beginning 2002 within the European Union, establishing a common currency.
C) International loans from the World Bank have supported major development projects throughout the world.
D) Monetary policies established by the IMF have made it increasingly easy for capital to flow between countries.
E) All of the above.
F) None of the above.

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