Which of the following is a reason for an MNE to base its standards for ethical behavior on a country's laws?
A) The law embodies many of a country's moral beliefs but is an inadequate guide for proper conduct.
B) The law contains unenforceable rules that are impossible for society to follow.
C) The law represents a consensus derived from significant deliberation.
D) The law is based on precisely defined moral concepts.
Answer: C
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Multinational Business Chapter 11
- Quantum Footwear is an MNE that manufactures inexpensive shoes. Quantum outsources portions of its production to independent companies located in Bangladesh and India where child labor is common. Other clothing and footwear firms have recently faced criticism regarding the use of child labor, and Quantum executives want to avoid similar problems. Which of the following guidelines enforced by Quantum would LEAST likely be supported by the International Labor Organization?
- Quantum Footwear is an MNE that manufactures inexpensive shoes. Quantum outsources portions of its production to independent companies located in Bangladesh and India where child labor is common. Other clothing and footwear firms have recently faced criticism regarding the use of child labor, and Quantum executives want to avoid similar problems. Which of the following would be the best approach for Quantum?
- What is the primary reason that Anglo American PLC developed its ART program?
- What is the primary problem associated with Anglo American PLC's ART program?
- Which of the following is most important to the effectiveness of an internal code of conduct?
- Which of the following is most important when designing an internal code of conduct?
- The U.N. Global Compact is best described as a(n) ________.
- A guideline for responsible action by a firm in its operations worldwide is a(n) ________.
- Which of the following best explains Nike's quick response to criticism of unfair employment practices in developing countries?
- Which of the following is NOT a likely reason for companies to act more ethically?
- Which of the following best supports the idea that MNEs should remain in countries that allow child labor?
- According to the Ethical Trading Initiative (ETI), ________.
- The Ethical Trading Initiative (ETI)is primarily focused on ________.
- Which of the labor issues identified by the Ethical Trading Initiative (ETI) receives the most attention?
- Which of the following has been the primary reason for the recent growth of India's pharmaceutical industry?
- The WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) ________.
- Some countries reverse engineer pharmaceutical products ________.
- Medco Pharmaceuticals charges a market price for heart medication to distributors in Italy and a discounted price for the same medication to distributors in Bangladesh. Medco is most likely using ________.
- How has the Kyoto Protocol affected U.S. companies operating in Europe?
- Firms that operate in countries that have adopted the Kyoto Protocol are required to either reduce emissions or ________.
- The 1997 Kyoto Protocol is best described as an agreement that requires ________.
- Meeting the needs of the present without compromising the ability of future generations to meet their own needs is known as ________.
- Which of the following is a voluntary effort by 150 multinational construction and natural-resources companies to end bribery?
- The OECD Convention against bribery is an example of a(n) ________.
- Which of the following is permitted by the Foreign Corrupt Practices Act?
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