Business Ethics Now 5th Edition By Andrew Ghillyer – Test Bank

Chapter 09 Ethics and Globalization Answer Key

True / False Questions

1. A less-developed nation is a country that lacks the economic, social, and technological infrastructure of a developed nation.

TRUE

Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 09-01 Understand the ethical issues arising in global business.

2. A developed nation is a country that enjoys a high standard of living as measured by economic, social, and technological criteria.

TRUE

Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 09-01 Understand the ethical issues arising in global business.

3. For organizations, international markets represent new customers as well as sources of cheaper materials and cheap labor.

TRUE

Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 09-01 Understand the ethical issues arising in global business.

4. Utilitarianism is a theory in ethics that advocates making choices that offer the greatest good for the greatest number of people.

TRUE

Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 09-01 Understand the ethical issues arising in global business.

5. According to the principles of utilitarianism, there is no accountability for individual actions when one focuses on doing the greatest good for the greatest number of people.

TRUE

Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 09-01 Understand the ethical issues arising in global business.

6. The term “globalization” refers to the phenomenon that divided the world into two opposing factions during the Cold War.

FALSE
The term “globalization” refers to the expansion of international trade to a point where national markets have been overtaken by regional trade blocs, leading eventually to a global marketplace.

Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 09-01 Understand the ethical issues arising in global business.

7. The term “globalization” has applications in commercial, economic, social, and political environments.

TRUE

Accessibility: Keyboard Navigation
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 09-01 Understand the ethical issues arising in global business.

8. Globalization refers to the expansion of international trade to a point where, across the globe, regional trade blocs have overtaken national markets.

TRUE

Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 09-01 Understand the ethical issues arising in global business.

9. A multinational corporation is a company that provides and sells products and services across multiple national borders.

TRUE

Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 09-01 Understand the ethical issues arising in global business.

10. Multinational corporations are also known as intranational corporations.

FALSE
Multinational corporations are also known as transnational corporations.

Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 09-01 Understand the ethical issues arising in global business.