D080 UNIT 3 – 5 TEST QUESTIONS & ANSWERS
A cruise ship employs over 200 workers over the course of 18 years. One worker
describes terrible living conditions and the limited amount of food that employees are
given to eat. Which labor convention is being violated by the employer? - Answers -The
Maritime Labour
What does Article 2 of the Uniform Commercial Code (UCC) govern? - Answers -The
required conduct of both parties in accordance with the contract
A company is concerned about source code theft of digital property. The company is
reviewing a law that governs this behavior. Which law is being reviewed by this
company? - Answers -Intellectual property
An employee at the U.S. Patent and Trademark Office was casually talking to a friend
who worked at Company XYZ. The patent office employee mentioned that a pending
patent application for Company XYZ was about to be denied, and the decision would
become public in a few days. The public release of the report was likely to result in a
severe reduction in the stock price of the company. The friend who worked at Company
XYZ then placed an online trade transaction to sell all shares of stock they owned in
Company XYZ the next day. Which specific law passed by the U.S. Congress did the
Company XYZ employee violate? - Answers -Sarbanes-Oxley Act (SOX)
Which legislation is aimed at increasing ethical financial transparency in corporate
America and affects foreign businesses that want to be listed on a U.S. stock
exchange? - Answers -SOX
An American employee is working in a Chinese firm in China and notices an ethical
violation. The employee tells a colleague, who is Chinese, and the colleague advises
the American employee to save face. What does the Chinese colleague mean by this
advice? - Answers -Report only if directly asked if a violation occurred
During a training session, the employees are asked to identify irregularities. Which
activity should be identified? - Answers -An employee siphoning funds from the office
account
What is the term for the concept that people should purchase goods and services from
organizations that match their own values and beliefs? - Answers -Ethical consumerism
Which action should a company take to change consumer perceptions of the company's
ethical standards due to a recent scandal? - Answers -Remedy negative events
immediately with change
A new employee has recently transferred from the U.S. headquarters to a foreign office,
and a coworker has been assigned to help the employee become acclimated to the new
, location. The coworker decides that the best place to start is with a description of the
culture of the region since it is significantly different from the United States.
Which piece of information is this coworker providing to this employee? - Answers -
Details about how the community functions
What is the directional nature of contracts between international businesses? -
Answers -Horizontal contracts with vertical legal structure
A company is reviewing intangible assets that are covered by intellectual property laws.
Which asset is being reviewed? - Answers -Copyright
What is true regarding the ensuring of competitive markets? - Answers -Antitrust laws
that promote free domestic markets tend to promote globalization.
Which international agreement involved nations committing to use their resources to
limit greenhouse gas emissions? - Answers -Kyoto Protocol of 1997
An individual works in a global office where it is typical to pay small, unofficial fees to
top administrators in the city to gain an advantage. The individual agrees to pay the fee
needed to expedite placement of a business phone line at home so work can be
completed after normal work hours. What is this inducement called? - Answers -Grease
payment
A large U.S. corporation is entering a foreign market but is having significant delays in
acquiring the necessary permits to begin operations. A local official tells the project
manager that a financial incentive should be paid to speed up the permit process. The
official stresses that other companies engage in this practice and that it is acceptable in
the local culture, so the project manager pays the incentive. How is this action
characterized? - Answers -It is a violation of the U.S. Foreign Corrupt Practices Act.
A U.S. organization has a factory in a foreign market that is well-known for sweatshops.
To maintain the organization's social responsibility, the organization describes the
factories and working conditions to its customers via its website. Which practice is this
company using? - Answers -Using ethical transparency
Which term refers to a system of rules and procedures designed to ensure the accuracy
and reliability of financial and accounting information? - Answers -Internal controls
A company is training new employees and helping them identify discrepancies.
Which scenario indicates a discrepancy that should be identified by the employees? -
Answers -A data entry technician unintentionally entered incorrect data into the system.
An international company has employees with complementary skill sets work together
toward a mutual goal.
What is the organizational structure of this company? - Answers -Teams
A cruise ship employs over 200 workers over the course of 18 years. One worker
describes terrible living conditions and the limited amount of food that employees are
given to eat. Which labor convention is being violated by the employer? - Answers -The
Maritime Labour
What does Article 2 of the Uniform Commercial Code (UCC) govern? - Answers -The
required conduct of both parties in accordance with the contract
A company is concerned about source code theft of digital property. The company is
reviewing a law that governs this behavior. Which law is being reviewed by this
company? - Answers -Intellectual property
An employee at the U.S. Patent and Trademark Office was casually talking to a friend
who worked at Company XYZ. The patent office employee mentioned that a pending
patent application for Company XYZ was about to be denied, and the decision would
become public in a few days. The public release of the report was likely to result in a
severe reduction in the stock price of the company. The friend who worked at Company
XYZ then placed an online trade transaction to sell all shares of stock they owned in
Company XYZ the next day. Which specific law passed by the U.S. Congress did the
Company XYZ employee violate? - Answers -Sarbanes-Oxley Act (SOX)
Which legislation is aimed at increasing ethical financial transparency in corporate
America and affects foreign businesses that want to be listed on a U.S. stock
exchange? - Answers -SOX
An American employee is working in a Chinese firm in China and notices an ethical
violation. The employee tells a colleague, who is Chinese, and the colleague advises
the American employee to save face. What does the Chinese colleague mean by this
advice? - Answers -Report only if directly asked if a violation occurred
During a training session, the employees are asked to identify irregularities. Which
activity should be identified? - Answers -An employee siphoning funds from the office
account
What is the term for the concept that people should purchase goods and services from
organizations that match their own values and beliefs? - Answers -Ethical consumerism
Which action should a company take to change consumer perceptions of the company's
ethical standards due to a recent scandal? - Answers -Remedy negative events
immediately with change
A new employee has recently transferred from the U.S. headquarters to a foreign office,
and a coworker has been assigned to help the employee become acclimated to the new
, location. The coworker decides that the best place to start is with a description of the
culture of the region since it is significantly different from the United States.
Which piece of information is this coworker providing to this employee? - Answers -
Details about how the community functions
What is the directional nature of contracts between international businesses? -
Answers -Horizontal contracts with vertical legal structure
A company is reviewing intangible assets that are covered by intellectual property laws.
Which asset is being reviewed? - Answers -Copyright
What is true regarding the ensuring of competitive markets? - Answers -Antitrust laws
that promote free domestic markets tend to promote globalization.
Which international agreement involved nations committing to use their resources to
limit greenhouse gas emissions? - Answers -Kyoto Protocol of 1997
An individual works in a global office where it is typical to pay small, unofficial fees to
top administrators in the city to gain an advantage. The individual agrees to pay the fee
needed to expedite placement of a business phone line at home so work can be
completed after normal work hours. What is this inducement called? - Answers -Grease
payment
A large U.S. corporation is entering a foreign market but is having significant delays in
acquiring the necessary permits to begin operations. A local official tells the project
manager that a financial incentive should be paid to speed up the permit process. The
official stresses that other companies engage in this practice and that it is acceptable in
the local culture, so the project manager pays the incentive. How is this action
characterized? - Answers -It is a violation of the U.S. Foreign Corrupt Practices Act.
A U.S. organization has a factory in a foreign market that is well-known for sweatshops.
To maintain the organization's social responsibility, the organization describes the
factories and working conditions to its customers via its website. Which practice is this
company using? - Answers -Using ethical transparency
Which term refers to a system of rules and procedures designed to ensure the accuracy
and reliability of financial and accounting information? - Answers -Internal controls
A company is training new employees and helping them identify discrepancies.
Which scenario indicates a discrepancy that should be identified by the employees? -
Answers -A data entry technician unintentionally entered incorrect data into the system.
An international company has employees with complementary skill sets work together
toward a mutual goal.
What is the organizational structure of this company? - Answers -Teams
