International Business Quiz

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App

Questions and Answers

Why does privatization typically occur?

  • To promote competition and efficiency (correct)
  • To discourage foreign investment
  • To increase government control
  • To reduce public access to services

What types of industries are candidates for privatization?

  • Monopolistic industries with poor service quality
  • Industries requiring heavy government subsidies
  • Industries where competition can improve efficiency (correct)
  • Highly profitable industries only

What problems in international markets can be created by counterfeiting and intellectual property theft?

  • Encouragement of innovation and creativity
  • Erosion of brand value and revenue losses (correct)
  • Increased trust among trading partners
  • Boosting of international trade relationships

In which of the following countries are interest-bearing transactions not allowed?

<p>Iran (D)</p> Signup and view all the answers

Which of the following best explains why looting was uncommon in Japan after the country's 2011 earthquake and tsunami?

<p>Importance of group membership (B)</p> Signup and view all the answers

What are some examples of specific behaviors that can demonstrate the core value of honesty in a code of ethics?

<p>Accurate record keeping or truthful reporting in internal and external communications</p> Signup and view all the answers

Why is it important for a code of ethics to provide practical guidance with specific examples?

<p>To offer clear examples of acceptable behavior in different situations</p> Signup and view all the answers

Why should an effective code of ethics be accepted by those who are expected to follow it?

<p>To ensure that employees understand why they should adopt the code and its provisions into their daily work activities</p> Signup and view all the answers

Why is it necessary for ethical codes of conduct to have enforceable mechanisms?

<p>To monitor compliance, deal with breaches, and enforce sanctions against transgressors</p> Signup and view all the answers

Why should effective codes of ethics be regularly reviewed and revised?

<p>To keep pace with changes in business practices, technology, legislation, and social norms</p> Signup and view all the answers

Flashcards are hidden until you start studying

Study Notes

Business Ethics and International Business

  • Gift exchange in business relationships is more common in high-context, power-respecting cultures than in low-context, power-tolerant cultures.

Whistleblowing

  • Whistleblowing is when an individual reports a wrongdoing, such as a supervisor using corporate funds for a personal vacation.

International Business

  • International business differs from domestic business due to differences in culture, language, politics, and economies.
  • It is important for business students to learn about international business to understand the global market and opportunities.

E-Commerce and International Business

  • The Internet has helped small businesses compete in global markets by reducing entry costs.

CAGE Model

  • The CAGE Model refers to the cultural, administrative, geographic, and economic distances between countries.
  • Geographic distance refers to the physical, communications, and transportation links between countries.

Importing and Exporting

  • Importing is the buying of products made in other countries for use or resale in one's own country.

International Business Success

  • Companies doing international business are more likely to be successful when they understand local market characteristics.

Global Marketplaces and Business Centers

  • Understanding global marketplaces and business centers is important for managers to make informed decisions.
  • It is also important to have an understanding of international income data.
  • China has a system based on bureaucratic law.
  • Common law systems are based on judicial decisions, while civil law systems are based on comprehensive codes.

Code of Ethics

  • A code of ethics is a set of principles that guides an organization's operations and conduct.
  • Characteristics of an effective code of ethics include:
    • Clear and concise language
    • Comprehensiveness
    • Specificity

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Quiz Team

More Like This

Use Quizgecko on...
Browser
Browser