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1. Golden Gate University MGT 179 Week 2
Quiz
Get help for GoldenGate UniversityMGT 179 Week2 Quiz. We provide assignment, homework,
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MGT 179 Week 2 Quiz
Question1
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What are the three valuesthatare central to the Confuciansystemof ethics?
The valuesinclude the
i) Honestyindealingswithothers
ii) Loyalty
iii) Reciprocal obligations
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Question2
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Discussthe environmental issuesrelatedtobusinessesoperatingindevelopingnations.

2. The environmentalissuesinclude the airandwaterpollutionresultingfromthe releaseof waste
productsfrom manufacturingandprocessingindustriesintowatersourcesandatmosphere.Unlike
developedcountries,developingcountriesdonothave advancedtechnologythatcanbe usedto
combat the pollutionhencethe environmental pollutionremainanissue inbusinessoperations.
Comments
Comment:
But whatobligationdothe MNE's have isthe hostcountrystandardsare inferiortoUS or international
standards?Is there anethical standardtheyshouldfollow?Isthere anyliabilityforthe MNE(for
example UnionCarbide wassuedinUScourt for the Bhopal explosioninIndia.)
Question3
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Describe the keyelementsof the ForeignCorruptPracticesAct.Towhichcompaniesand employees
doesitapply?
The paymentelement:
ForeignCorruptPracticesActdoesno allow the paying,offering,authorizingformoneyorvalue
payment andthe promisingtopay.The payeris requiredtomeethis/hergoals.
The Corrupt IntentElement:
Violationoccursif anindividualpromisetopaya foreignofficial withthe aimof influencingthe officialto
misuse his/herpowersforthe purpose of allowingthe payerretain,acquire ordirectbusinesstoany
otherperson
The companiesitapplies:The U.S companies
The employeesitapply:Employeeswhoare U.Scitizens,foreignissuersof securitiesandthose who
practise corruptionwhile inU.Sissuers
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Question4

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Article 23 of the Universal Declarationof HumanRightsimpliesthatitisunethical toemploychildlabor
insweatshopsettingsandpaylessthansubsistencewages,evenif thathappenstobe commonpractice
insome countries.Thisisincontrast to:
Selectone:
a. Kantianethics
b. cultural relativism
c. rightstheories
d. Marxism
e. justice theories
Feedback
Your answerisincorrect.
Accordingto the UnitedNationsUniversal Declarationof HumanRights,fundamental humanrights
transcendnational bordersand cultures.However,cultural relativismimplicitlyrejectsthe ideathat
universal notionsof moralitytranscenddifferentcultures.
The correct answeris:cultural relativism
Question5
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Both ChinaandIndiahave achievedhighgrowthratesdespite relativelyweakpropertyrightsregimes
and highlevelsof corruptionbecauseof:
Selectone:

4. a. shifttowarda centrallyplannedeconomy
b. highlivingstandards
c. large population
d. highconsumerpurchasingpower
e. shifttowarda marketbasedeconomicsystem
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Your answeriscorrect.
Both ChinaandIndiahave achievedhighgrowthratesdespite relativelyweakpropertyrightsregimes
and highlevelsof corruption.Inbothcountries,the shifttowardamarket-basedeconomicsystemhas
producedlarge gainsdespite weakpropertyrightsandendemiccorruption.
The correct answeris:shifttowarda marketbasedeconomicsystem
Question6
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The common lawsystemenjoysadegree of flexibilitynow foundinothersystemsbecause:
Selectone:
a. It is usuallyonlyfoundindemocraticrepublics
b. it originatedinGreatBritainandcan be foundinalmostall formercolonies.
c. itis interpretedbythe lawcourtswithregardto tradition,precedentandcustom
d. it isbasedon a detailedsetof lawsorganizedintocodes
e. ithas originatedrecently -- justinthe lastgeneration.
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Your answeriscorrect.
Commonlawisbasedon tradition,precedent,andcustom.Judgesinacommonlaw systemhave the
powerto interpretthe lawsothat itappliestothe unique circumstancesof anindividual case.Inturn,

5. each newinterpretationsetsaprecedentthatmaybe followedinfuture cases.Asnew precedentsarise,
lawsmay be altered,clarified,oramendedtodeal withnew situations.
The correct answeris:it isinterpretedbythe law courtswithregardto tradition,precedentandcustom
Question7
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AlthoughChinaandIndiaare verylarge marketswhenmeasuredbythe numberof consumers,theyare
relativelysmall marketswhenmeasuredineconomictermsdue totheir:
Selectone:
a. orientationtowarddemocracy
b. small share inthe worldoutput
c. highlivingstandards
d. limitedpurchasingpower
e. commitmenttoa free marketsystem
Feedback
Your answerisincorrect.
While some marketsare verylarge whenmeasuredbynumberof consumers(e.g.,China andIndia),low
livingstandardsmayimplylimitedpurchasingpowerandtherefore arelativelysmall marketwhen
measuredineconomicterms.
The correct answeris:limitedpurchasingpower
Question8
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6. The adventof containerizationhas:
Selectone:
a. made movinggoodsfromone mode of transportto anotherextremelylabor-intensive
b. made the economiesof the world'snation-stateslessintertwined
c. significantlyloweredthe costsof shipping goodsoverlongdistances
d. sloweddownthe globalizationof marketsandproduction
e. increasedcostsof coordinatingandcontrollingaglobal organization
Feedback
Your answeriscorrect.
Containerizationhasrevolutionizedthe transportation business,significantlyloweringthe costsof
shippinggoodsoverlongdistances.
The correct answeris:significantlyloweredthe costsof shippinggoodsoverlongdistances
Question9
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Whichof the followingismostlikelytobe protectedbyacopyright?
Selectone:
a. A newmanufacturingprocessinventedinacompany
b. A newlyinventedtelecommunicationdevice
c. Moviesproducedanddirectedbyaperson
d. A newtype of car inventedbyanautomobilecompany
Feedback
Your answeriscorrect.

7. Copyrightsare the exclusivelegal rightsof authors,composers,playwrights,artists,andpublishersto
publishanddisperse theirworkastheysee fit
The correct answeris:Moviesproducedanddirectedbya person
Question10
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Whenfirmsdo notwishthe accept the rulesof the CIGS, whatdo theyoftenoptfor to settle contract
disputes?
Selectone:
a. UN involvement
b. Arbitration
c. Collective Bargaining
d. Commonlawsystemof the US
e. IslamicLaw
Feedback
Your answeriscorrect.
Whenfirmsdo notwishto accept the CIGS,theyoftenoptfor arbitrationbya recognizedarbitration
court, like the International Courtof Arbitrationof the InternationalChamberof Commerce inParis,to
settle disputes.
The correct answeris:Arbitration
Question11
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8. What isthe difference betweenfolkwaysandmores?
Selectone:
a. Folkwaysare normsthat are seenascentral to the functioningof asociety,whereasmoresare the
routine conventionsof everydaylife
b. Violatingmorestendstobringmore seriousretributionthanviolatingfolkways
c. Folkwaysexclude ritualsandsymbolicbehaviorsincludedinmores
d. Folkwayshave muchgreatersignificance thanmores
e. Morescannot be enactedintolaws,whereasfolkwayscan.
Feedback
Your answeriscorrect.
Mores are normsthat are seenascentral to the functioningof asocietyand to itssocial life.Theyhave
much greatersignificancethanfolkways.Accordingly,violatingmorescanbringseriousretribution.
The correct answeris:Violatingmorestendstobringmore seriousretributionthanviolatingfolkways
Question12
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The ForeignCorruptPracticesAct wassubsequentlyamendedtoallow forspeedmoneyorgrease
payments,whichare paymentsmade to:
Selectone:
a. secure contracts that wouldnototherwise be secured
b. obtainexclusivepreferential treatmentinaforeignmarket
c. influence foreignbureaucratsinthe company'sfavor
d. ensure a businessreceivesthe standardtreatmentitoughttoreceive
e. secure monopolyrightsinalessdevelopedcountries
Feedback

9. Your answeriscorrect.
The ForeignCorruptPracticesAct wassubsequentlyamendedtoallow for"facilitatingpayments."
Sometimesknownasspeedmoneyorgrease payments,facilitatingpaymentsare notpaymentsto
secure contracts thatwouldnototherwise be securedandnorare theypaymentstoobtainexclusive
preferential treatment.Rathertheyare paymentstoensure receivingthe standardtreatmentthata
businessoughttoreceive fromaforeigngovernment,butmightnotdue tothe obstructionof a foreign
official.
The correct answeris:ensure a businessreceivesthe standardtreatmentitoughttoreceive
Question13
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Questiontext
The practice of "giftgiving"betweenthe partiestoabusinessnegotiationisconsideredrightandproper
behaviorinmanyAsiancultures.However,some Westernersview the practice asa formof bribery,and
therefore unethical,particularlyif the giftsare substantial.Thisreflectsthat:
Selectone:
a. notionsof ethics are universal
b. Asiancountriesare still underthe influence of totalitarianism
c. whatisethical dependsonone'scultural perspective
d. Asianculturesare more economicallyadvanced
e. there isunanimousagreementaboutacceptedemploymentpractices
Feedback
Your answeriscorrect.
The ethical obligationsof amultinational corporationtowardemploymentconditions,humanrights,
corruption,environmentalpollution,andthe use of powerare not alwaysclear-cut.There maybe no
agreementaboutacceptedethical principles.Fromaninternational businessviewpoint,some argue that
whatis ethical dependsuponone'scultural perspective.
The correct answeris:what isethical dependsonone'scultural perspective

10. Question14
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Many commentatorshave blamedthe problemsthatledtoglobal financial crisisof 2008-9 and the
recessionthatfollowedon:
Selectone:
a. lack of free markets
b. weakbankregulatoryenvironment
c. political ideologiesfollowedinAsiancountries
d. a strong presence of commandeconomies
e. a lack of privatizationandliberalization
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Your answeriscorrect.
The correct answeris:weakbank regulatoryenvironment
Question15
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Whichof the followingstatementsistrue aboutthe businessimplicationsof Japanese society?
Selectone:
a. The determinationof social statusof anindividual isindependentof the standingof the groupto
whichhe or she belongs
b. It isdifficulttofindself-managingworkteamswithinJapanese organizations

11. c. Itis more successful atpioneeringradicallynewproductsandnew waysof doingbusinessthanthe
UnitedStates
d. There isa lowdegree of movementfromcompanytocompanyamongmanagersand workers
e. The managersand workerslackcompany-specificknowledge,experience,andanetworkof
interpersonalbusinesscontacts
Feedback
Your answeriscorrect.
The primacy of the value of group identificationalsodiscouragesmanagersandworkersfrommoving
fromcompanyto company.Lifetime employmentinaparticularcompanywas longthe norm incertain
sectorsof the Japanese economy.
The correct answeris:There is a lowdegree of movementfromcompanytocompanyamongmanagers
and workers
Question16
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In the contextof "knowledge"economyof the twenty-firstcentury,whichof the followingstatementsis
true about intellectual property?
Selectone:
a. Intellectual propertyhasbecome anincreasinglyimportantsource of economicvalue forbusinesses
b. Protectingintellectual propertyhasbecome increasinglyeasyinthe twenty-firstcentury
c. Intellectual propertylawslimitthe creativityandthe abilityof people tosearchfornovel waysof
doingthings
d. Firmsalwayschoose tostay out of countrieswhere intellectualpropertylawsare strict.
e. Companiesinacountryare more likelytocommitthemselvestoextensive basicresearchif the
countryprohibitsthe use of patents
Feedback
Your answeriscorrect.

12. In the high-technology"knowledge"economyof the twenty-firstcentury,intellectual propertyhas
become anincreasinglyimportantsource of economicvalue forbusinesses.
The correct answeris:Intellectual propertyhasbecome anincreasinglyimportantsource of economic
value forbusinesses
Question17
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Richardpurchaseda computerfor $600 in2014. Comparedtothe $900 computer thathe had
purchasedwayback in2010, the newone seemstobe more efficientintermsof the price he has paid
and the powerof the microprocessortechnology.Thisisbestexplainedby:
Selectone:
a. product liability
b. propertyrights
c. Moore's Law
d. purchasingpowerparity
e. sustainable strategies
Feedback
Your answeriscorrect.
The cost of microprocessorscontinuestofall,while theirpowerincreases(aphenomenonknownas
Moore's law,whichpredictsthatthe powerof microprocessor technologydoublesanditscostof
productionfallsinhalf every18months).
The correct answeris:Moore's Law
Question18
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13. Questiontext
The KORUS agreementincludes:
Selectone:
a. Canada, Mexico,andthe UnitedStates
b. The US, Chile,Colombia,andCostaRica
c. SouthKoreaand the US
d. SouthKorea,Japanand China
e. Argentina,Brazil andUruguay
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Your answeriscorrect.
The correct answeris:South Koreaandthe US
Question19
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Whichof the followingreferstothe ideathatbusinesspeopleshouldconsiderthe social consequences
of economicactionswhenmakingbusinessdecisions,andthatthere shouldbe a presumptioninfavor
of decisionsthathave bothgoodeconomicandsocial consequences?
Selectone:
a. Corporate dissonance
b. ClassConsciousness
c. Corporate dynamism
d. Social responsibility
e. Economiesof scale
Feedback

14. Your answeriscorrect.
The concept of social responsibilityreferstothe ideathatbusinesspeople shouldconsiderthe social
consequencesof economicactionswhenmakingbusinessdecisions,andthatthere shouldbe a
presumptioninfavorof decisionsthathave bothgoodeconomicandsocial consequences
The correct answeris:Social responsibility
Question20
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Whichof the followingisanargumentputforth bycritics of the IMF?
Selectone:
a. It increasesbarrierstothe free flowof goodsandinvestmentacrossnational borders
b. It providesassistance onlytodevelopingnationsandcompletelyignoresthe developednations.
c. Itis not powerful enoughtoensure thatthe nation-statesadhere tothe ruleslaiddownintrade
treaties.
d. It promotesthe rise of communismacrossthe globe
e. It usurpsthe sovereigntyof nation-statesbytellinggovernmentswhateconomicpoliciestheymust
adopt.
Feedback
Your answeriscorrect.
IMF loanscome withstringsattached.In returnforloans,the IMF requiresnation-statestoadopt
specificeconomicpoliciesaimedatreturningtheirtroubledeconomiestostabilityandgrowth.These
requirementshave sparkedcontroversy.Some criticsmaintainthatbytellingnational governments
whateconomicpoliciestheymustadopt,the IMFisusurpingthe sovereigntyof nation-states.
The correct answeris:It usurpsthe sovereigntyof nation-statesbytellinggovernmentswhateconomic
policiestheymustadopt.
Question21
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Whichof the followingisanaspectof nonverbal communication
Selectone:
a. Grammar
b. Punctuation
c. SpeechTone
d. Personal Space
e. Voice Modulation
Feedback
Your answeriscorrect.
An aspectof nonverbal communicationis personal space,whichisthe comfortable amountof distance
betweenyouandsomeone youare talkingwith.
The correct answeris:Personal Space
Question22
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Whichof the followingoccurswhena resource heldjointlybyall,butownedbynoone,isoverusedby
individuals,resultinginitsdegradation?
Selectone:
a. social loafing
b. cultural relativism
c. the tragedyof the commons

16. d. deadweightloss
e. capital deepening
Feedback
Your answeriscorrect.
The correct answeris:the tragedyof the commons
Question23
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Whichof the followingwasestablishedafterthe UruguayRoundto police the International Trading
System?
Selectone:
a. UnitedNations
b. International MonetaryFund
c. WorldTrade Organization
d. WorldBank
e. Groupof 20
Feedback
Your answeriscorrect.
The General AgreementonTariffsandTrade (GATT) isan international treatywhose functionsincluded
policingthe worldtradingsystemandcommittingsignatoriestoloweringbarrierstothe free flow of
goodsacross national borders.The WorldTrade Organization(WTO) succeededthe General Agreement
on TariffsandTrade (GATT) as a resultof the successful completionof the UruguayRoundof GATT
negotiations.
The correct answeris:World Trade Organization

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