BUSN313_Midterm_Exam.

Mid-Term Exam - Week 4
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Part 1 of 1 - 100.0/ 100.0 Points

Question 1 of 25
4.0/ 4.0 Points
Ethical principles in business

 A.

deal chiefly with the actions and behaviors required to operate companies in a socially
responsible manner.

 B.

are not materially different from ethical principles in general.

 C.

deal chiefly with the rules each company's top management and board of directors make
about "what is right" and "what is wrong."

 D.

are generally less stringent than the ethical principles for society at large.



Question 2 of 25
4.0/ 4.0 Points
______ refers to the strategy of approaching worldwide markets with standardized products.

 A.

Horizontal integration

 B.

Vertical integration

 C.

, Globalization

 D.

Franchising



Question 3 of 25
4.0/ 4.0 Points
_______________ are strategies that exploit economic or other differences between national or
regional markets, usually by locating separate parts of the supply chain in different places.

 A.

Externalization strategies

 B.

Adaption strategies

 C.

Innovation strategies

 D.

Arbitrage



Question 4 of 25
4.0/ 4.0 Points
As its industry becomes increasingly ______, a firm must begin to coordinate an increasing number of
functional activities to effectively compete across countries.

 A.

global

 B.

local

 C.