BUSA 4000 Challenge 6 with correct answers 100%

BUSA 4000 Challenge 6 with correct answers 100% Corporate governance makes ethics, corporate social responsibility, and sustainability - Correct Answer What is the organizing framework? Ethics - Correct Answer moral principles that govern the behavior of people, firms, and governments, regarding right and wrong Corruption - Correct Answer practice of obtaining power, personal gain, or influence through illegitimate means, usually at others; expense Corruption - Correct Answer What is a major or severe concern in the global activities of a large proportion of MNEs? Bribery - Correct Answer common and may take the form of grease payments, small inducements intended to expedite decisions and transactions, or gain favors - Falsify or misrepresent contracts or official documents. - Pay or accept bribes, kickbacks, or inappropriate gifts. - Tolerate sweatshop conditions or abuse employees. - Do false advertising or other deceptive marketing. - Engage in deceptive or discriminatory pricing. - Deceive or abuse intermediaries in the channel. - Undertake activities that harm the natural environment. - Correct Answer What are examples of Inappropriate Corporate Conduct Abroad? - Top management sets goals and incentives aimed at promoting good outcomes (e.g., profits) that instead encourage bad behaviors. - Employees overlook unethical behavior in others because of peer pressure or self-interest. - Managers tolerate lower ethical standards in value-chain activities performed by suppliers or third-party firms. - Unethical practices are allowed to accumulate in the firm slowly over time. - Correct Answer Improper Ethical Behavior May Result When . . . - Ethical behavior is simply the right thing to do. - Often prescribed within laws and regulations. - Demanded by customers, governments, and the news media. Unethical firms risk attracting unwanted attention. - Ethical behavior is good business, leading to enhanced corporate image and selling prospects. The firm with a strong reputation is advantaged in hiring and motivating employees, partnering, and dealing with foreign governments. - Correct Answer What is the value of ethical behavior? - Economic Performance - Environmental Performance - Social Performance - Sustainability - Correct Answer What is the Triple-Bottom Approach? Relativism - Correct Answer belief that ethical truths are not absolute but differ from group to group "When in Rome, do as the Romans do." - Correct Answer What is a good rule of thumb in regards to relativism? Normativism - Correct Answer The belief that ethical behavioral standards are universal, and firms and individuals should seek to uphold them around the world. Bottom: Complying with laws and regulations Middle: Ethical Behavior Top: Corporate Social Responsibility - Correct Answer What is the pyramid of ethical behavior? intellectual property - Correct Answer ideas or works created by individuals or firms, including discoveries and inventions; artistic, musical, and literary works; and words, phrases, symbols, and designs intellectual property rights - Correct Answer the legal claim through which proprietary assets are protected from unauthorized use by other parties via trademarks, copyrights, and patents International Trade - Correct Answer exports of legitimate products that must compete with trade in counterfeit goods Direct Investment - Correct Answer firms avoid countries known for widespread intellectual property violations company performance - Correct Answer sales, profits, and strategies are harmed Innovation - Correct Answer companies avoid doing research and development where piracy is common Tax Revenues - Correct Answer pirates usually don't pay taxes Criminal Activity - Correct Answer often linked to organized crime natural environment - Correct Answer intellectual property violators disregard environmental standards National prosperity and wellbeing - Correct Answer ultimately, job prospects, prosperity, and moral standards in affected nations are harmed - national prosperity and wellbeing - natural environment - criminal activity - international trade - direct investment - company performance - innovation - tax revenues - Correct Answer What does piracy and counterfeiting affect? Corporate Social Responsibility (CSR) - Correct Answer Operating a business to meet or exceed the ethical, legal, commercial, and public expectations of customers, shareholders, employees, and communities.