International Business and Culture Quiz

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What does the text suggest about the relationship between good ethics and business?

Maintaining good ethics can positively impact business outcomes. (correct)

Businesses with good ethics tend to focus solely on social responsibility.

Businesses with good ethics often struggle financially.

Good ethics is unrelated to business performance.

What is a key element in establishing an ethics culture?

Encouraging bribery within the organization.

Whistleblowing on unethical practices. (correct)

Promoting a workplace romance policy.

Avoiding social responsibility commitments.

In the context of the text, what does ISO 14000/14001 Certification primarily focus on?

Social responsibility in business operations.

Environmental sustainability standards. (correct)

Whistleblower protection policies.

Promoting workplace romance.

What is the main purpose of Sustainability Reports as discussed in the text?

Demonstrating a company's commitment to social responsibility and sustainable practices. Signup and view all the answers

How does the text suggest businesses can be good stewards of wildlife welfare?

By adhering to environmental sustainability practices and policies. Signup and view all the answers

What is a common theme discussed in the text regarding the relationship between ethics and business performance?

Good ethics can lead to positive business outcomes. Signup and view all the answers

What are long-term objectives defined as?

Specific results that an organization seeks to achieve in pursuing its basic mission. Signup and view all the answers

Why are objectives essential for organizational success?

They reveal priorities within the company. Signup and view all the answers

How can internal factors be determined?

By computing ratios and measuring performance. Signup and view all the answers

What is the role of strategies in achieving long-term objectives?

To provide a framework for achieving long-term objectives. Signup and view all the answers

Why should objectives be challenging and measurable?

To provide motivation and direction. Signup and view all the answers

What type of surveys can be used to examine internal factors?

Surveys on employee morale, production efficiency, and customer loyalty. Signup and view all the answers

Which of the following is a community college mentioned in the text?

Kellogg Community College Signup and view all the answers

Which of the following institutions is located in Maryland?

Loyola University—Maryland Signup and view all the answers

Which of the following is a college or university with 'Mount' in its name?

Mount Marty College—South Dakota Signup and view all the answers

Which of the following institutions is located in New York?

Lehman College of CUNY Signup and view all the answers

Which of the following institutions has 'Miami-Dade' in its name?

Miami-Dade College—Kendall Signup and view all the answers

Which of the following institutions is located in Michigan?

Michigan State University Signup and view all the answers

What is the focus of Chapter 4 in the text provided?

Types of strategies Signup and view all the answers

Which company is showcased as an exemplar in Chapter 4?

Petronas Signup and view all the answers

What are the different types of diversification strategies mentioned in the text?

Related and unrelated diversification Signup and view all the answers

What are Michael Porter's five generic strategies?

Cost leadership, differentiation, and focus strategies Signup and view all the answers

Which concept is NOT discussed in Chapter 4 of the text?

Vision and mission analysis Signup and view all the answers

What is the main implication for students discussed in Chapter 4?

Implications for small firms Signup and view all the answers

According to Bill Belichick, what is more important on a team?

The strength of the unit working together Signup and view all the answers

What did Chuck Noll suggest about winning?

Doing the ordinary things better than others consistently Signup and view all the answers

According to Vince Lombardi, how are leaders made?

Through hard effort and perseverance Signup and view all the answers

What does George Allen advise about task management?

Understand what needs to be done first and persevering Signup and view all the answers

According to Bum Phillips, when does someone become a failure?

When they start blaming others for their failures Signup and view all the answers

What did Herm Edwards say about the start and finish?

The start has no impact on the finish Signup and view all the answers