Tophat 1-4 Flashcards
the best action treats everyone equally and fairly. Workers should be paid a fair wage that provides a decent standard of living, and colleagues and customers should be treated as we would like to be treated. Which approach does this represent?
fairness approach
The best ethical action is one that provides the most good or the least harm. It produces the greatest balance of good over harm to customers, employees, shareholders, the community, and the natural environment. Which approach does this define?
utilitarian approach
A problem that involves two or more possible solutions, all of which entail violating moral principles and values is an example of a(n)
ethical dilemma
Complying with laws and regulations is necessary but not sufficient because MNEs need to be concerned with ethical behavior that goes above and beyond legal duties. (T/F)
true
Which of the following is not considered one of Hofstede’s cultural dimensions?
High context versus Low context
Time has a strong infulence on business. It affects people’s expectations about planning, scheduling, profit flows, and promptness in arriving for work and meetings. Some cultures has a polychromic perspective on time. In such societies, instead of performing single tasks serially, people are inclindes to do many things at once. Which of the following statements is false regarding the polychromic perspective of time?
time is viewed as linear, like a river flowing into the future, carrying workers from one activity to the next
Which of the following statements is false regarding culture
Culture is about right or wrong, understanding individual behavior, and can be inherited
The General Agreement on Trade and Tariffs (GATT) from the Bretton Woods Conference led to the formation of a multilateral governing body empowered to regulate trade and investment referred to in which of the following acronyms?
WTO
