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BUS 200 MIDTERM REVIEW QUESTIONS AND CORRECT ANSWERS

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BUS 200 MIDTERM REVIEW QUESTIONS AND CORRECT ANSWERS

Institution
BUS 200
Course
BUS 200

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What does the ILO stand for?


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International Labor Organization




List at least four basic human rights and discuss for two of them how they factor in US
businesses operating overseas. In your opinion, should US corporations do business
with countries that regularly violate human rights? Why or why not?


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, Four basic human rights are the rights to life, work, health, and education.
The right to health and life factors in US business operating overseas
through the regulations must follow. Specifically, businesses have to ensure
they do not infringe on their employee's right to health or life by requiring
them to work in unsafe conditions. The right also plays a role in overseas
businesses because the foreign hired workers have the right to work free of
disrimination and with fair pay. In other words, businesses have to ensure
their employees experience a fair work environment. I think US
corporations should do business with countries that regularly violate
human rights, but only to a certain extent. All countries violate human rights
of people in some way, so it would be nonsense to try and only work with
countries free of this. However, any countries that violate an extraneous
amount of human rights shouldn't be worked with.




What is the consequentialist principle?


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The utilitarian principle that the test of the rightness or wrongness of an
action depends on the results which flow from it




What is economic development and how is it measured?


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any change in a country's overall balance of economic activities (measured
by GDP)




What are push factors?


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, Factors in a country to see growth overseas (ex: deterioration in the home
business environment)




What is contextualism?


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in ethical thinking, the principle that ideas of right and wrong stem from
specific cultural environments




What is a publicly traded company?


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sell their shares on the stock exchange (each person that buys a share is
considered a member of the company)




Define product life cycle theory.


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Theory of the evolution of a product in stages, from innovation in its home
market to dissemination and production in overseas markets.




What is in the UDHR? Give examples of freedoms to and freedoms from.

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Institution
BUS 200
Course
BUS 200

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