Chapter 4 Student: ___________________________________________________________________________ 1. Many international business ethical issues arise as a result of all BUT which one of the following? A. Differences in economic development B. Differences in legal systems C. Differences in monetary exchange rates D. Differences in cultures E. Differences in politics 2. ___________ is/are a course of action‚ which international businesses take that does not violate a company’s accepted principles
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CASE 1: ETCH-A-SKETCH ETHICS. QUESTION 1: Was it ethical of the Ohio Art Company to move production to China? What were the economic and social costs and benefits of this decision? What would have happened if production had not been moved? The decision to close and move a plant raises important issues about the social responsibilities of a corporation. To make an ethical judgment‚ one must look at the impact the decision has on various stakeholders. On a macroeconomic level‚ both the US and
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Multinational companies face many challenges in their international business dealings due to the environments they operate in which are commonly less regulated‚ are not democratically governed with legal systems to solve ethical and social responsibility dilemmas and are full of corruption. Managers are consequently faced with many unfamiliar economic conditions‚ cultural values and competitive variables (Grace and Cohen‚ 2000:180). Wild‚ Wild & Han (2010:128) define ethical behaviour as personal
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Chapter 04 Ethics in International Business True / False Questions 1. (p. 127) Many of the ethical issues that arise when companies do business in different nations manifest because of differences such as is found in the economic development of those nations. TRUE AACSB: Ethics; Reflective thinking BT: Knowledge Difficulty: Easy Learning Objective: 4-1 Topic: Ethical Issues in International Business 2. (p. 127) The course of action that a business opts to take and which
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http://www.agc.gov.my/index.php?option=com_content&view=article&id=906:pengenalan-kepada-perundangan-keselamatan-dan-kesihatan-pekerja-di-malaysia&catid=71:admin%20ag&Itemid=91&lang=en http://www.moh.gov.my/images/gallery/Garispanduan/pekerjaan/PKTK.pdf Human Right Basic human right still are not respected in many nations. Rights that we take for granted in developed nations ‚ such as freedom as association‚ freedom of speech‚ freedom of assembly‚ freedom of movement‚ freedom from politican repression
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Google in China Case Study Chris Chapman MGT/448 April 27‚ 2013 Professor Willie Thomas University of Phoenix Google in China Google’s mantra “Don’t be evil‚” represents the company’s fundamental principle of never compromising the integrity of its search results. In 2000‚ Google decided to expand its services to China‚ the world’s largest country. The expansion met greater opportunities for the growing company. However‚ new markets bring new challenges and assimilating to the culture
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IBE Notes L4 Ethics in International Business Definition: Business Ethics: the accepted principles of right or wrong governing the conduct of business people Ethical strategy: a strategy/course of action that does not violate these accepted principles A. source and nature of ethical issues in IB: different in political systems‚ law‚ economic development‚ culture a) 5 common ethical issues: Employment practices: establishing minimal acceptable standards that safeguard the basic rights and dignity
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This essay will discuss how the cultural domains of Religion‚ Ethnicity/Nationalism‚ Development and Geography (REND-G) compare and contrast the predominant cultural characteristics of the U.S. with those of the European Union. Specifically‚ we will discuss how the different characteristics of Religion manifests in the way the U.S. and Europe deal with security concerns. Searching for a new beginning and seeking religious freedom‚ early Pilgrims travelled to the New World (America)
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Please answer with bolding‚ italics‚ highlighting‚ or strikethrough. Stay consistent. The shift toward a more integrated and interdependent world economy is referred to as a) economic integration b) economic interdependency c) globalization d) internationalization The merging of historically distinct and separate national markets into one huge global marketplace is known as a) global market facilitation b) cross-border trade c) supranational market integration d) the globalization
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Sample Answers to Questions 1 and 2. Most of you did well on questions 3 and 4‚ so here I post only sample answers to questions 1(a) & (b) and 2: 1(a) & 1(b): Question on whether moving production to China is ethical; Question on the economic and social costs and benefits of such a move. Sample Answer (A) Note: this student earned high grades for looking at the issue from multiple perspectives‚ for looking at the benefits and costs to all major stakeholders‚ and for acknowledging that
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