BUSI 101 Connect Assignment 2 Quiz solutions complete answers

BUSI 101 Connect Assignment 2 Quiz solutions complete answers 

 

______________ is the world's largest exporter.

 

Americans are often accused of ethnocentricity. This means that

 

The value of one nation's currency relative to the currencies of other countries is referred to as

 

The nation of Kandabar exports $75 million worth of products and services and imports $52 million worth of products and services. Kandabar has a(n)

 

Even though the nation faces political instability, the island of Frollik with its wide, expansive beaches is a destination hub for cruise lines. Recently, a large theme park company showed strong interest in buying land in Frollik with the intent of building a park targeted toward families. The company wants to make a commitment to Frollik, including the hiring of several hundred local employees. It is using a global marketing strategy called

 

With regard to socially responsible behavior, American businesses are

 

The first day on the job waiting tables at a popular restaurant, Amber noticed that when one member of the waitstaff was serving a very large party, the other waiters would help carry food to the tables and even check to make sure water glasses were filled. Although these actions were not part of the mandatory waitstaff training, Amber perceived that waitstaff members who were not helping out were not viewed as team players by the majority of employees. Amber was observing an example of the ___________ followed at this organization.

 

Besides environmental groups, unions, and investors, a relatively new type of watchdog organization that reports on corporate social responsibility efforts is

 

The You Design, We Build Company makes custom furniture of all kinds. The firm has evolved into a big business due to quality and innovative work. Recently, top management asked company departments to list and evaluate the kinds of socially responsible efforts conducted internally and externally in the business and to list negative occurrences that supervisors observed. Top management is essentially conducting a(n)

 

According to the text, ethical behavior begins with

 

Buying products produced in another country is known as



All of the following are reasons for countries to participate in foreign trade EXCEPT



The Republic of South Africa exports edible fruits and nuts into the common market known as the European Union, and imports from the European Union other products which South Africa could produce but at a higher cost than what it costs the Europeans to produce. This practice follows the theory of



When the value of exports from a country exceeds the value of imports into that country, there is a(n)



The difference between money coming into a country from exports and money leaving a country due to imports, plus money flows from other factors, is known as the



In global trade, the term dumping refers to



As a strategy for reaching global markets, licensing provides the licensor with several advantages. One advantage is



_______________ is a cost-effective way that many companies outsource the production of goods, such as clothing, shoes, and cell phones. The domestic firm contracts with a foreign company to produce and private-label the goods, because the price is much cheaper than the domestic firm could produce in its home market.



The placement of Starbucks cafés within Barnes & Noble bookstores has proven to be a successful strategic alliance because both companies benefit from this arrangement. As a global marketing strategy, an important characteristic of a strategic alliance is



Sovereign wealth funds (SWFs) are a growing form of foreign direct investment. The size of these funds and the fact that they are investments from government coffers of other nations might be a cause for concern. More specifically, some fear



The makers of Samsung washers and other electrical appliance manufacturers need to be concerned about the kind and availability of electricity in the global marketplace. If there were a compatibility problem, it would be the result of a(n) _____________ difference.



The law that specifically prohibits "questionable" or "dubious" payments to foreign officials to secure business contracts is called the



The value of one nation's currency relative to the currencies of other countries is referred to as



Because of the high volume of bicycles as a common form of transportation in Beijing and Shanghai, Carl wants to sell his bicycle horns in these foreign markets. Currently, the U.S. dollar is trading at a higher rate than the Chinese yuan. Economically speaking, how are Carl's prospects?



During the past five years, the nation of Andolvia began a massive undertaking: teaching farmers how to successfully grow and harvest peanuts. The government subsidized the building of peanut processing plants, where private businesses are now producing peanut butter and other products of nutritional value. Although the Andolvia government has not completely banned the importation of peanuts, it has placed ________________ on the number of peanut products that the nation can import each year, in order to protect Andolvia's young peanut industry.



Using government regulations to limit the import of goods and services is called



The EU is an example of a trading bloc, or a______________, which has a common external tariff, no internal tariffs, and the coordination of laws to facilitate trade between member countries.



The trade agreement in place between the United States, Canada, and Mexico is called



Recently, two nations experienced a trade dispute over copyright issues. Country "A" accused Country "B" of violating international copyright laws. Since both were members of ______________, they appealed to this organization to mediate the dispute.



Besides the shift of jobs to foreign countries, outsourcing has other drawbacks, such as



Which BRIC country has not lived up to expectations due to a slowing economy, political and social problems, and being labeled as the world's most corrupt major economy?



Which of these actions is LEAST likely to restore the trust of the American public in the free-market system?



When it comes to ethical behavior,



Ethics are the standards of right and wrong set for us by society, whereas legality refers to



If your supervisor directed you to enter false information into a sales order book and told you if you refused that you would lose your opportunity for promotion, you would probably consider this situation to be a(n)



Which of the following is NOT included as one of the questions we must ask when faced with an ethical dilemma?



The most basic question in an ethics-based management system is



Jake serves on a committee of employees who were charged with selecting three co-workers to honor at the holiday banquet. One employee whose name was at the top of everybody's list was instrumental in helping another employee who failed to wear his protective headgear to avoid suffering a serious head injury. Although this was a noble act, Jake knew that the hero was frequently negligent about wearing his own headgear. Jake knew that several other employees followed strict company policy every day and always wore their headgear; yet, they were not being acknowledged for their compliance. According to Norman Vincent Peale, which of the following questions should Jake refer to as he proceeds to make an ethical decision?



Which of the following is the BEST reason for a business to be managed ethically?



Organizational ethics begins



Encouraged by the new Sarbanes-Oxley Act, individuals who report unethical or illegal behavior within an organization are



Which of the following is NOT a part of an integrity-based ethics code?



A legal provision known as the _______________ provides a "bounty" provision for whistleblowers whose actions result in a legal conviction. The monetary award may total as high as 30% of the amount collected for violations that exceed $1 million.



Proponents of corporate social responsibility strongly believe in benevolence; however, they still want their businesses to be profitable. In the long run, they believe



When an F5 (category 5) tornado hit a town in southern Missouri, the people that lived there needed the basics: food, water, and shelter. The owners of Good Eats Restaurant in St. Louis drove several hours with a van of employees, equipment, and food to donate what they could to help the storm victims. The business term we use to describe this philanthropic action is ___________________, where a company donates what it does best to help make a situation better.



The last recession changed the way many companies offer support to people and communities in need. Many companies



The benefit of using __________ to communicate a business's CSR efforts to the public is that it allows companies to reach broad and diverse groups directly in a low-cost, efficient way.



A few months ago, Paulie's Pizza House, a large nationwide chain of restaurants, purchased one of its competitors, Italian Stallion Pizza Stations, for $800 million. Italian Stallion stockholders got a very fair deal for the stock they owned in the company. However, it was disclosed that somehow a member of Paulie's management team mentioned the deal to a person he sat next to on a flight from LA to Seattle. That person called five of his relatives and several friends. They quickly bought shares of Italian Stallion and purchased the stock before the acquisition became public. These actions are



Government and business leaders are being held to



U.S. companies that operate abroad, particularly those who contract with foreign companies, are now ________ human rights and environmental standards followed by U.S. law.



Which of the following statements reflects the difficulty companies face when requiring international suppliers to follow environmental and human rights standards set by U.S. firms?