BUS 303 Exam 2 verified questions and answers 2025
1. This organization provides regular information and data regarding the extent of
corruption and bribery in countries around the world: b. Transparency International
(TI)
2. Why was Siemens liable to prosecution under US law for violations of the Foreign
Corrupt Practices Act (FCPA) despite the fact that it is a German company? c.
Siemens engaged in bribery, which is illegal under US law
3. Which of the following actions would NOT be illegal under US anti-bribery law? c.
Payment to a government official to facilitate routine business (e.g. permits)
4. Definitions of bribery and corruption that include a distinction between "public"
and "private" realms of life rest on the following cultural value dimension: b.
Specific-diffuse
5. What business sector has the highest perceived frequency of bribery?
c. Construction, public works
6. What characteristic of business sectors is NOT generally associated with high levels
of corruption? b. Sectors with open and transparent competitive bidding processes
7. The consequences of corruption for countries where it is widely practiced include all
of the following EXCEPT these two: b. Low cost, high quality products AND e. High
levels of political stability
8. Which dimension of corruption is more difficult for companies to deal with when it
is present at a high level in a country? a. Pervasive corruption
, 9. What ethical framework evaluates activities like corruption based on its costs or
consequences? c. Teleology or consequential systems
10. What characteristics of a country are generally considered to contribute to high
levels of corruption? 2. Large government role in economy
11. Besides actually paying bribes to officials of foreign governments, what actions does
the FCPA prohibit? b. Making false or misleading entries on a company's books
12. If a company uncovers potential FCPA violations, what three steps can it take to
gain leniency from the US Department of Justice (DOJ) under its Corporate
Enforcement Policy? 1. Make voluntary disclosure of wrongdoing to DOJ 2. Cooperate
with investigators 3. Make improvements to the company's compliance programs
13. According to Richard Baldwin, what factor contributed to the "first unbundling"
(physical separation of consumption from production) in the globalization process?
c. Lower transport costs arising from the advent of steam power
14. The "second unbundling" about 1990 of the links in the global supply chain had the
following characteristics: 1, 2, 4, 5
15. Which of the following statements are true regarding global supply chains? 1, 4, 5
16. In what circumstances is a company most likely to opt for "captive" outsourcing
rather than outsourced offshoring? 3. Sensitive intellectual property
17. Which of the following is NOT considered a major source of risk when companies
outsource global logistics services to a third-party logistics provider (3PL)? d.
Insufficient technical expertise by 3PL providers
18. The practice of establishing wholly-owned subsidiaries overseas to produce products
or services is called: b. Captive offshoring
1. This organization provides regular information and data regarding the extent of
corruption and bribery in countries around the world: b. Transparency International
(TI)
2. Why was Siemens liable to prosecution under US law for violations of the Foreign
Corrupt Practices Act (FCPA) despite the fact that it is a German company? c.
Siemens engaged in bribery, which is illegal under US law
3. Which of the following actions would NOT be illegal under US anti-bribery law? c.
Payment to a government official to facilitate routine business (e.g. permits)
4. Definitions of bribery and corruption that include a distinction between "public"
and "private" realms of life rest on the following cultural value dimension: b.
Specific-diffuse
5. What business sector has the highest perceived frequency of bribery?
c. Construction, public works
6. What characteristic of business sectors is NOT generally associated with high levels
of corruption? b. Sectors with open and transparent competitive bidding processes
7. The consequences of corruption for countries where it is widely practiced include all
of the following EXCEPT these two: b. Low cost, high quality products AND e. High
levels of political stability
8. Which dimension of corruption is more difficult for companies to deal with when it
is present at a high level in a country? a. Pervasive corruption
, 9. What ethical framework evaluates activities like corruption based on its costs or
consequences? c. Teleology or consequential systems
10. What characteristics of a country are generally considered to contribute to high
levels of corruption? 2. Large government role in economy
11. Besides actually paying bribes to officials of foreign governments, what actions does
the FCPA prohibit? b. Making false or misleading entries on a company's books
12. If a company uncovers potential FCPA violations, what three steps can it take to
gain leniency from the US Department of Justice (DOJ) under its Corporate
Enforcement Policy? 1. Make voluntary disclosure of wrongdoing to DOJ 2. Cooperate
with investigators 3. Make improvements to the company's compliance programs
13. According to Richard Baldwin, what factor contributed to the "first unbundling"
(physical separation of consumption from production) in the globalization process?
c. Lower transport costs arising from the advent of steam power
14. The "second unbundling" about 1990 of the links in the global supply chain had the
following characteristics: 1, 2, 4, 5
15. Which of the following statements are true regarding global supply chains? 1, 4, 5
16. In what circumstances is a company most likely to opt for "captive" outsourcing
rather than outsourced offshoring? 3. Sensitive intellectual property
17. Which of the following is NOT considered a major source of risk when companies
outsource global logistics services to a third-party logistics provider (3PL)? d.
Insufficient technical expertise by 3PL providers
18. The practice of establishing wholly-owned subsidiaries overseas to produce products
or services is called: b. Captive offshoring
