INTB Exam 2 Questions with Complete
Answers12
Business ethics - ANSWERS-the accepted principles of right or wrong governing the conduct of
business people, and an ethical strategy is a strategy, or course of action, that does not violate
these accepted principles.
ethics - ANSWERS-refers to accepted principles of right or wrong that govern the conduct of a
person, the members of a profession, or the actions of an organization.
tragedy of the commons - ANSWERS-occurs when a resource held in common by all, but owned
by no one, is overused by individuals resulting in its degradation.
Foreign Corrupt Practices Act - ANSWERS-outlawed the practice of paying bribes to foreign
government officials in order to gain business
Convention on Combating Bribery of Foreign Public Officials in International Business
Transactions in 1997 - ANSWERS-The convention obliges member states to make the bribery of
foreign public officials a criminal offense.
social responsibility - ANSWERS-refers to the idea that business people should take the social
consequences of economic actions into account when making business decisions, and that
there should be a presumption in favor of decisions that have both good economic and good
social consequences.
Ethical dilemmas - ANSWERS-situations in which none of the available alternatives seems
ethically acceptable
, organization culture - ANSWERS-the values and norms that are shared among employees of an
organization.
Cultural relativism - ANSWERS-the belief that ethics are culturally determined and that firms
should adopt the ethics of the cultures in which they operate, or in other words, "when in
Rome, do as the Romans do."
righteous moralist approach to business ethics - ANSWERS-claims that a multinational's home
country standards of ethics are the appropriate ones for companies to follow in foreign
countries
naïve immoralist - ANSWERS-asserts that if a manager of a multinational sees that firms from
other nations are not following ethical norms in a host nation, that manager should not either
Utilitarian approach to ethics - ANSWERS-holds that the moral worth of actions or practices is
determined by their consequences (the moral worth of an action is determined only by its
resulting outcome)
Kantian ethics - ANSWERS-based on the philosophy of Immanuel Kant who argued that people
should be treated as ends and never purely as means to the ends of others (realize that people
have dignity and need to be respected as such) According to Kantian ethics, things like
sweatshops are unethical
Rights theories - ANSWERS-recognize that human beings have fundamental rights and privileges
that transcend national boundaries and culture.
United Nations' Universal Declaration of Human Rights - ANSWERS-specifies the basic principles
that should always be adhered to irrespective of the culture in which one is doing business
A just distribution - ANSWERS-one that is considered fair and equitable
Answers12
Business ethics - ANSWERS-the accepted principles of right or wrong governing the conduct of
business people, and an ethical strategy is a strategy, or course of action, that does not violate
these accepted principles.
ethics - ANSWERS-refers to accepted principles of right or wrong that govern the conduct of a
person, the members of a profession, or the actions of an organization.
tragedy of the commons - ANSWERS-occurs when a resource held in common by all, but owned
by no one, is overused by individuals resulting in its degradation.
Foreign Corrupt Practices Act - ANSWERS-outlawed the practice of paying bribes to foreign
government officials in order to gain business
Convention on Combating Bribery of Foreign Public Officials in International Business
Transactions in 1997 - ANSWERS-The convention obliges member states to make the bribery of
foreign public officials a criminal offense.
social responsibility - ANSWERS-refers to the idea that business people should take the social
consequences of economic actions into account when making business decisions, and that
there should be a presumption in favor of decisions that have both good economic and good
social consequences.
Ethical dilemmas - ANSWERS-situations in which none of the available alternatives seems
ethically acceptable
, organization culture - ANSWERS-the values and norms that are shared among employees of an
organization.
Cultural relativism - ANSWERS-the belief that ethics are culturally determined and that firms
should adopt the ethics of the cultures in which they operate, or in other words, "when in
Rome, do as the Romans do."
righteous moralist approach to business ethics - ANSWERS-claims that a multinational's home
country standards of ethics are the appropriate ones for companies to follow in foreign
countries
naïve immoralist - ANSWERS-asserts that if a manager of a multinational sees that firms from
other nations are not following ethical norms in a host nation, that manager should not either
Utilitarian approach to ethics - ANSWERS-holds that the moral worth of actions or practices is
determined by their consequences (the moral worth of an action is determined only by its
resulting outcome)
Kantian ethics - ANSWERS-based on the philosophy of Immanuel Kant who argued that people
should be treated as ends and never purely as means to the ends of others (realize that people
have dignity and need to be respected as such) According to Kantian ethics, things like
sweatshops are unethical
Rights theories - ANSWERS-recognize that human beings have fundamental rights and privileges
that transcend national boundaries and culture.
United Nations' Universal Declaration of Human Rights - ANSWERS-specifies the basic principles
that should always be adhered to irrespective of the culture in which one is doing business
A just distribution - ANSWERS-one that is considered fair and equitable
