INTB 1203 EXAMS SCRIPT ANSWERS AND
QUESTIONS SET A+
✔✔Femininity - ✔✔Feminine societies' sex roles are less distinguished
✔✔Confucian Dynamism - ✔✔theory that argues individualism weakens country growth
(in reality, cultural differences are just one factor to growth. Bigger factors are economic,
political, and legal systems)
✔✔Business Ethics - ✔✔accepting principles of right or wrong governing the conduct of
businesspeople
✔✔Ethical Strategy - ✔✔a course of action that does not violate a company's business
ethics
✔✔Convention on Combating Bribery of Foreign Public Officials in International
Business Transactions - ✔✔convention that established legally binding standards to
criminalize bribery of foreign officials
✔✔Social Responsibility - ✔✔the idea that business people should consider 2nd and
3rd order economic consequences when making decisions
✔✔Ethical Dilemma - ✔✔a situation in which there is no ethically acceptable solution
✔✔Orginazation Culture - ✔✔the values and norms shared among an organization's
employees
✔✔Cultural Relativism - ✔✔belief the business should adopt the cultures in which they
operate
✔✔Righteous Moralism - ✔✔belief that home country's standards of ethics is
appropriate everywhere
, ✔✔Naive Immoralism - ✔✔a belief that if another firm in hosting country isn't following
ethical norms, neither should we
✔✔Universal Declaration of Human Rights - ✔✔a UN document that lays down the
basic principles of human rights that should be adhered to
✔✔Utilitarian Approaches to Ethics - ✔✔the moral worth of actions or practices is
determined by their consequences (an action is desirable if its leads to the best balance
of good consequences over bad consequences) (pinto)
✔✔Kantian Ethics - ✔✔belief that people should be treated as ends and never as
means to the ends of others (people are not instruments)
✔✔Rights Theories - ✔✔a 20th-century theory that recognizes humans have
fundamental rights that transcend national borders
✔✔Just Distribution - ✔✔a distribution of goods and services that is considered fair and
equal
✔✔Code of Ethics - ✔✔a firm's formal statement of ethical priorities
✔✔Stakeholders - ✔✔entities that have interest in the actions and overall performance
of a company
✔✔Internal Stakeholders - ✔✔people who work for the business (employees, directors,
stockholders)
✔✔External Stakeholders - ✔✔people who have some claim on a firm such as
customers, suppliers, and unions
✔✔T/F: Media is a primary conveyor of culture - ✔✔True
✔✔What is often cited as the major cause of today's lower trade barrier? -
✔✔Technology
✔✔Barriers to international trade contributed to what major economic downturn? -
✔✔The Great Depression
✔✔T/F: More than 90% of all phone calls, web traffic, and investment is local - ✔✔True
✔✔In the past decade, what country has not seen its % of total world output fall? -
✔✔China
QUESTIONS SET A+
✔✔Femininity - ✔✔Feminine societies' sex roles are less distinguished
✔✔Confucian Dynamism - ✔✔theory that argues individualism weakens country growth
(in reality, cultural differences are just one factor to growth. Bigger factors are economic,
political, and legal systems)
✔✔Business Ethics - ✔✔accepting principles of right or wrong governing the conduct of
businesspeople
✔✔Ethical Strategy - ✔✔a course of action that does not violate a company's business
ethics
✔✔Convention on Combating Bribery of Foreign Public Officials in International
Business Transactions - ✔✔convention that established legally binding standards to
criminalize bribery of foreign officials
✔✔Social Responsibility - ✔✔the idea that business people should consider 2nd and
3rd order economic consequences when making decisions
✔✔Ethical Dilemma - ✔✔a situation in which there is no ethically acceptable solution
✔✔Orginazation Culture - ✔✔the values and norms shared among an organization's
employees
✔✔Cultural Relativism - ✔✔belief the business should adopt the cultures in which they
operate
✔✔Righteous Moralism - ✔✔belief that home country's standards of ethics is
appropriate everywhere
, ✔✔Naive Immoralism - ✔✔a belief that if another firm in hosting country isn't following
ethical norms, neither should we
✔✔Universal Declaration of Human Rights - ✔✔a UN document that lays down the
basic principles of human rights that should be adhered to
✔✔Utilitarian Approaches to Ethics - ✔✔the moral worth of actions or practices is
determined by their consequences (an action is desirable if its leads to the best balance
of good consequences over bad consequences) (pinto)
✔✔Kantian Ethics - ✔✔belief that people should be treated as ends and never as
means to the ends of others (people are not instruments)
✔✔Rights Theories - ✔✔a 20th-century theory that recognizes humans have
fundamental rights that transcend national borders
✔✔Just Distribution - ✔✔a distribution of goods and services that is considered fair and
equal
✔✔Code of Ethics - ✔✔a firm's formal statement of ethical priorities
✔✔Stakeholders - ✔✔entities that have interest in the actions and overall performance
of a company
✔✔Internal Stakeholders - ✔✔people who work for the business (employees, directors,
stockholders)
✔✔External Stakeholders - ✔✔people who have some claim on a firm such as
customers, suppliers, and unions
✔✔T/F: Media is a primary conveyor of culture - ✔✔True
✔✔What is often cited as the major cause of today's lower trade barrier? -
✔✔Technology
✔✔Barriers to international trade contributed to what major economic downturn? -
✔✔The Great Depression
✔✔T/F: More than 90% of all phone calls, web traffic, and investment is local - ✔✔True
✔✔In the past decade, what country has not seen its % of total world output fall? -
✔✔China
