Corporations

Question 1

Corporations

Answer 1

form of business organization the purpose of which is to produce profit or the owners/shareholders

Question 2

TNC

Answer 2

corporation that controls

Question 3

Corporations during colonialism

Answer 3

Large chartered companies

Shareholders accountable for harms cause by company

Question 4

Corporations during slavery and industrial revolution + development banking

Answer 4

-> growth of corporations wanting more rights and less constraints.

Question 5

Corporations during the 19th century

Answer 5

Used law that was originally used to create rights for newly freed AAs

Question 6

Corporations during the 1960’s

Answer 6

Free trade and investment treaties

Moving production around the world
Easier to move money around the world.

Question 7

Corporations during the 80s

Answer 7

?

Question 8

Benefits of TNCS

Answer 8

More selection of goods
Providing jobs
Efficiency
New skills

Question 9

Harms TNCs cause

Answer 9

Wiping out local businesses
Poor Labour opportunities
Not held accountable for their actions
Standardizing culture
Most corporate leaders are white men, and are probably out of touch with realities on the ground.
When corporations do do harm, they might already know they might be charged and so they just factor in that cost before production.

Question 10

TNC’s are becoming more powerful

Answer 10

<10% of companies earn 80% of all profits globally

The top 10 corporations combined revenue > the 180 ‘poorest’ countries combined

69 of the world’s 100 largest economic entities are corporations and??

Question 11

Corporations and Tax

Answer 11

Corporations are paying less tax than people (Canadians are paying more than 3 times more taxes than Canadian TNC’s). This didn’t use to be the case.

Question 12

Global Production Network

Answer 12

Production system coordinated and controlled by a globally significant TNC.
- involves vast network of overseas affiliates, strategic partners, key customers and non-firm institutions

Question 13

“Configuring the production network”

Answer 13

?

Question 14

??

Answer 14

?

Question 15

Organizing transnational production

Answer 15

Concentrated

Host-market production

Specialized production

Vertical intergration

Question 16

Corporate Culture `

Answer 16

Ways of Thinking

Material practices

Social relationships

Power Relations

Question 17

Corporate Culture `

Answer 17

Ways of Thinking

Material practices

Social relationships

Power Relations

Historical Trajectory

Question 18

“TNC’s remain embedded economically politically, and culturally in countries of origin”

Answer 18

Nationality of directors

Legal frameworks that bind company action

Financial system governing decision making

National cultures of doing business

Attitudes to organized labour

Question 19

Internal transaction (intra-firm)

Answer 19

Activities that occur within the organizational boundaries of a particular TNC.

Question 20

Internal transaction (intra-firm)

Answer 20

Activities that occur within the organizational boundaries of a particular TNC.

• pricing decisions made by corporate HQ
• Can be important means of tax avoidance

Question 21

External transactions (inter-firm)

Answer 21

Business relationships between independent firms

- market pricing and competition

Question 22

Positive view on impacts on TNCs in host regions

Answer 22

Transform regional economies

Create jobs

Question 23

Negative view

Answer 23

Loss of control over local economy
Little/no taxes or royalties aid
Only low skilled, insecure jobs
Displacement of local firms.
Lack of commitment by foreign investors 
Take resources, damage environment
Infrastructure for resource extraction, not national development.

Question 24

Limits to global reach

Answer 24

Consumer preferences
Cultural norms and values
different ways of doing business
Anti globalization activism

Question 25

ISO SR26000 standard on social responsibility 7 principles ADD MORE

Answer 25

Accountability

Transparency?

Question 26

Corporate social responsibility

Answer 26

is kind of hollow because they will probably do it to add to their profits. More and more consumers are demanding corporate social responsibility

Question 27

Switzerland’s role in ?

Answer 27

one of the wealthiest countries in the world, because of banking. Corporations get their money from swiss banks accounts.

Question 28

Switzerland’s role in ?

Answer 28

one of the wealthiest countries in the world, because of banking. Corporations get their money from Swiss banks accounts.

Question 29

Poverty in Africa - Zambia

Answer 29

beginning with colonialism, and now global commodity circuits.

Glencore ??? - 29 billion dollar extracted from Zambia in copper.