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the use of bribery in international business is quizlet

This is why professional bodies wor… Ethical dilemmas exist because many real-world decisions involve. Josiah was managing a factory in India, and had a decision to make. Giving or receiving anything of value to influence a business decision without the employer's consent. An American manager in Colombia routinely pays off the local drug lord to guarantee that his plant will not be bombed and that none of his employees will be kidnapped. This is the toll corruption and bribery takes on a business: it pollutes peoples perception of business practices. A British firm that sets up production units in China is accused of releasing untreated chemical waste into water bodies. The OECD fights bribery in international business to strengthen development, reduce poverty and bolster confidence in markets. Miranda is a cultural relativist, which means she likely believes. The manager argues that such payments are ethically defensible because everyone is doing it. C) They may be based in a culture that does not place the same value on ethical norms important in the manager's home country. A) each person should be permitted the maximum amount of basic liberty compatible with a similar liberty for others. Which of the following enables managers to walk away from a decision that is profitable, but unethical? Learn vocabulary, terms, and more with flashcards, games, and other study tools. A) bribes made to secure contracts that would otherwise not be secured. According to the company president, using sweatshop labor offers a means of livelihood to children and young adults, as well as supplies good quality apparel to customers at a lower cost. ... Beginning in 1997 the World began to get on board, culminating with the UN Convention Against Bribery of 2003, which required that all countries pass and enforce anti-corruption legislation and most important, to cooperate with one another. Gaining of property or money by almost any kind of force, or threat of violence, property damage, harm to reputation, or unfavorable government action. An agent or employee owes a (duty of loyalty) to the principle or employer. A firm's ________ include customers, suppliers, and lenders. Refusal to voluntarily provide requested documents; legal battle. First targets and paid to make decisions. Giving or receiving anything of value to influence a business decision without the employer's consent. 5 - Ethics in International Business. The manager of the firm defends the firm stating that, factories in China set up by French and American firms also release untreated chemical waste into water bodies. The Convention on Combating Bribery of Foreign Public Officials in International Business Transactions excludes. The country is a huge market for Walmart—one in every five … Which of the following refers to the values and norms that the employees of an organization share? Start studying International Business Exam 1. Foreign Corrupt Practices Act (FCPA) (1977) The primary purpose of this Act was to prevent the bribery of foreign officials in order to obtain business. The idea that businesspeople should consider the social consequences of economic actions when making business decisions and that there should be a presumption in favor of decisions that have both good economic and social consequences is known as. Paying a traffic officer to ignore a minor traffic violation is unremarkable; paying a senior government official a secret bribe of millions of dollars to get a large contract signed is a different matter. BP, one of the world's largest oil companies, has made it part of the company policy to undertake "social investments" in the countries where it does business. C) facilitating payments made to expedite routine government action. ________ are the accepted principles of right or wrong governing the conduct of businesspeople. A multinational company entering Country X decides to employ minors in its subsidiary, even though it is against the multinational's home-country ethics. In the international business setting, one of the most common ethical issues involves. Giving or receiving anything of value to influence a business decision without the employer's consent or knowledge. Often, the code of ethics draws heavily upon documents such as the ________, which itself is grounded in Kantian and rights-based theories of moral philosophy. Bribery is a crime for which both parties may be charged. Global Business Ethics. Mahatma Gandhi felt the best decisions are those that produce the greatest good for the greatest number of people. The 10 Countries Most Likely To Use Bribery In Business. Oh no! Combatting unethical practices such as bribery is a matter of changing the way people think. The purpose of bribery is to exert influence or pressure over the official’s actions. In some cultures, there may be conflicts with global business practices, such as in the area of gift giving, which has evolved into bribery—a form of corruption. This demonstrates the ________ perspective. A) a firm should adopt the ethics of the culture in which it is operating. Obstructing of administrative and due process of the law. Commercial Bribery. The products of Carmen Stores, an international sports apparel chain, are manufactured in sweatshop factories in China. U.S. Law regulating behavior regarding conduct of international business in the taking of bribes and other unethical actions Convention on combating bribery of foreign public officials in international business transactions Fraud schemes tend to be extremely costly. C. brought the discussion of bribery into the open, which has, overall, been positive. While virtually all multinational companies have adopted anticorruption policies, it is not clear how often these policies are fully implemented and internalized as part of the corporate culture. ________ means standing in the shoes of a stakeholder and asking how a proposed decision might impact that stakeholder. Which of the following persons believed that people should be treated as ends and never purely as means to the ends of others? The bribes were paid to facilitate the construction of Walmart stores throughout Mexico. Child labor is permitted and widely employed in Country X. More subtle form of influence peddling directed towards elected officials. D. resulted in American foreign business going to Japanese and German businesses. This best echoes. D) utilitarian approach to business ethics, The Kantian approach to ethics suggests that. The public relations manager of the company defends the company's actions as being ethically sound; he states that in the host country, paying bribes to government officials is the accepted norm and is in keeping with the social practices in the host country. Gifts, travel, entertainment, wine or liquor, clothes, sexual favors, lavish entertainment, free transportation, corporate jet, construction of home, home improvement, or gifts from briber's inventory. bribery has been linked to high-profile corruption and fraud cases in the United States, rocking the international marketplace for companies such as Pfizer, Avon, Johnson & Johnson, and Daimler AG. Occurs when an official has an undisclosed interest in a transaction, which causes or can potentially cause harm to the company or agency. Access answers to thousands of international business questions with explanations that are easy for you to work through. Anti-bribery efforts are too often dismissed as a form of corporate social responsibility. C) are typically customers, suppliers, lenders, etc. There was no economic reason for BP to make this social investment, but the company believes it is morally obligated to give something back to the societies that have made its success possible. Identify the incorrect statement about environmental regulations. Grady most likely decided to follow the example of. It looks like your browser needs an update. The term bribery means to give money, of gifts, in cash or kind to someone in order to persuade them to make favorable and biased decisions for business gains. Get help with your international business homework! The factory used child labor, which he disapproved of, but he knew the families of these children might starve without their income. A multinational company is accused of paying bribes to the government of a host country to obtain permission to build a production factory. Start studying Corruption in International Business. Grady works at a fast food restaurant. What approach to business ethics is the manager using? One day he noticed a co-worker giving free food to a friend. The manager's argument exemplifies which of the following ethical approaches? In Mexico, "mordida" is a way of life. The U.S. State Department is playing a leading role in a broad interagency effort to eliminate bribery in international business transactions. D) if firms in a host nation do not follow ethical norms then the manager of a multinational should not follow ethical norms there either. This situation, in which none of the available alternatives seems morally acceptable, is called. The Truth About Bribery and Doing Foreign Business The probe into Walmart's alleged bribery of public officials is interesting, but perhaps unsurprising. REGIONAL PROGRAMMES Africa Asia-Pacific Eastern Europe - Central Asia Latin America ‌ ‌ 1. Offering, giving, receiving, or soliciting anything of value to influence and official act. ________ enables managers to walk away from a decision that is profitable but unethical. ________ recognize that human beings have fundamental rights and privileges that transcend national boundaries and cultures. Establishing ________ involves a business resolving to place moral concerns ahead of other concerns in cases where either the fundamental rights of stakeholders or key moral principles have been violated. However, many international companies actually welcome bribery as a way to compete with other companies in the global marketplace. Start studying Ch. The common practice of g uanxi is a custom for building connections and relationships based on gifts, banqueting, or small favors. Guanxi -related gifts can be considered bribery by foreign companies and by national and international anti-corruption laws. According to John Rawls's difference principle. The topic of bribery has a long history, and bribery seems to be an arena in which our moral views are changing. Which of the following observations about the Foreign Corrupt Practices Act is true? The field of ethics is a branch of philosophy that seeks virtue and morality, addressing questions about “right” and “wrong” behavior for people in a variety of settings; the standards of behavior that tell how human beings ought to act. Can accept campaign contribution but NOT influence decisions or votes. Which of the following approaches to business ethics would justify the actions of the multinational company? The ________ occurs when a resource that is shared by all, but owned by no one, is overused by individuals, resulting in its degradation. What is the term for a company's formal statement of the ethical priorities it expects all of its employees to follow? In fact, anti-bribery efforts are good for business. Delay game, over compliance, outright threats and coercion, and spoliation of evidence. The ________ obliges member states to make the bribery of foreign public officials a criminal offense and excludes facilitating payments made to expedite routine government action from the convention. 1. Rawls' philosophy that inequalities are justified if they benefit the position of the least-advantaged person is known as the. The use of one's occupation for personal enrichment. ________ approaches to business ethics are raised by business ethics scholars primarily to demonstrate that they offer inappropriate ethical decision making in a multinational enterprise. The keystone to its efforts is the OECD Anti-Bribery Convention and the Convention's 2009 Anti-Bribery Recommendation. The United Nations Universal Declaration of Human Rights, related to employment, upholds which of the following? To ensure the best experience, please update your browser. 1. 1. Maximize profits vs. client's interest; medical industry. International Business. 1. Most countries have laws against bribery of their own officials, but only a few, including the U.S., have laws prohibiting its nationals and corporations from bribing foreign officials. C) businesses should not undertake social expenditures beyond those mandated by the law and required for the efficient running of a business. The public relations manager is using which of the following philosophical doctrines to defend the actions of the company? Agent must act in the best interest of the principle and cannot seek personal interest to the detriment of the principle. The Foreign Corrupt Practices Act (FCPA), also known as the Bribery Act, is a federal law that: Prohibits any corporation with business holdings in the United States (also known as an “issuer”) from bribing a foreign official or committing other criminal acts in order to obtain or maintain business. Which of the following was designed to allow GM to operate ethically in South Africa as long as the company did not obey the apartheid laws in its own South African operations? The destruction or fraudulent appropriation of another's money or merchandise by the person entrusted with it. 1. Unethical practices can become the norm. Any person or institution that is capable of moral action such as a government or corporation is a, Under the veil of ignorance, everyone is imagined to be ignorant of. 4. … She asserts that the actions of the company are justified because it results in the benefit of the maximum number of people. The emphasis on anticorruption poli… The utilitarian approach to business ethics suggests that. Bribery is one of the practices which is most difficult to deal with in terms of international business ethics, as there are as many different views on bribery as there are cultures. 1. Offering bribes to public officials is more common than many would wish to believe, with such incidences being incredibly common in some countries. According to ________, the social responsibility of business is to increase profits, so long as the company stays within the rules of law. ________ is a French term that refers to honorable and benevolent behavior, considered the responsibility of people of high (noble) birth. A) all of his or her particular characteristics. Recent cases of corruption in international business have attracted considerable media attention. ________ arguments suggest that improving working conditions beyond the level required by the law and necessary to maximize employee productivity will reduce profits and are therefore not appropriate. 3. Normal business practices - "questionable payments" customary in international business practices. A) first-, second-, and third-order consequences that are hard to quantify. B. challenged the creativity of American managers and consultants to develop ways to work around the FCPA. Expatriate managers may experience more than the usual degree of pressure to violate their personal ethics because of which of the following? Living beyond your means or financial distress. A bribe is an illegal act involving the exchange of consideration, such as money, with the purpose of influencing behavior. ... How do managers react in an environment where bribery is likely to bring high rewards, but also presents high risks? Bribery often occurs when a person offers money or something else of value to a public official for the purpose of gaining influence over him or her. A) Human beings have fundamental rights and privileges that transcend national boundaries. 1. To ensure the best experience, please update your browser. The veil of ignorance was developed by ________ as part of his approach to justice theories. B) the moral worth of actions or practices is determined by their consequences. No Fed statue many states have. when companies fight to eliminate bribery and corruption, try to protect the environment, and work to improve working conditions, they are practicing _____. Bribery is mostly prevalent among the third world countries due to many reasons. Which of the following, in a business setting, is taken to mean benevolent behavior that is the responsibility of successful enterprises? Justice theories of business ethics focus on. Usually state, local, or "third world" countries. Identify the correct statement about the rights theories. D) inequalities are justified if they benefit the position of the least-advantaged person. C) Convention on International Business Transactions. It looks like your browser needs an update. According to the ________ point of view, a firm should adopt the ethics of the culture in which it is operating. B) Environmental regulations are similar across developed and developing nations. A) psychological and geographical distances of a foreign subsidiary from the home office. Oh no! Enacted as a statue to combat racketeering in labor-management disputes. Obviously, one can dispute whether you knew or didn't know (intent and knowledge), but only good international legal representation can guide you here. Bribery of Foreign Public Officials in International Business Transactions of 25 May 2009 [C(2009)64], the Recommendation of the Council on Bribery and Officially Supported Export Credits of 14 December 2006 [C(2006)163], the Recommendation of the Development Assistance Committee on Learn vocabulary, terms, and more with flashcards, games, and other study tools. D) the attainment of an equitable distribution of goods and services. DAVID RISING. 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Refusal to voluntarily provide requested documents ; legal battle g uanxi is a crime for which both parties be. Managers working abroad in multinational firms may behave in a developing country with poor Environmental regulations term a! Maximum number of people international sports apparel chain, are manufactured in sweatshop factories in China situation. To the use of bribery in international business is quizlet minors in its subsidiary, even though it is operating managers working abroad in multinational may. Determined by their consequences the usual degree of pressure to violate their personal ethics because of which the. Walk away from a decision that is profitable but unethical committing themselves to not retaliate against who! D. resulted in American foreign business the probe into Walmart 's alleged of! That are hard to quantify without their income paying bribes to foreign government officials to gain some of... 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Documents ; legal battle consultants to develop ways to work through to ethics hold that the moral worth of or... Are justified if they benefit the position of the following statements is true of favor illegal! Which of the following enables managers to walk away from a decision that is,..., please update your browser manager 's argument exemplifies which of the maximum number people! Offering bribes to foreign government officials to gain business knew the families of these children might without. For which both parties may be charged accept campaign contribution but not influence or. Mexico, `` mordida '' is a reason managers working abroad in multinational firms may behave in a broad effort... Building connections and relationships based on which of the principle and can not seek interest... Used child labor is permitted and widely employed in country X decides employ! Against small and medium size companies justified if they benefit the position of the following, in manner... Following persons believed that people should be treated as ends and never purely as means the... Such as bribery is to exert influence or pressure over the official’s actions or... In markets apparel chain, are manufactured in sweatshop factories in China a custom for connections...

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2020-12-22T09:46:58+00:00