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definitions Focus your studying with a path Get faster at matching terms Guidelines that promote principles and standards of behavior in the following areas: human rights, information disclosure, anticorruption, taxation, labor relations, environment, competition, and consumer protection; a governmental initiative endorsed by 30 members of the Organization for Economic Cooperation and Development and 9 nonmembers (Argentina, Brazil, Chile, Estonia, Israel, Latvia, Lithuania, Romania, and Slovenia).
Sets with similar termsWhich of the following is a less preferred name, compared to the others, for a multinational corporation? a) Global b) Multidomestic The main purpose of what code is to boost economic growth of its members by expanding trade. a) The OECD Guidelines for Multinational Enterprises
a) The OECD Guidelines for Multinational Enterprises Most multinational corporations (MNCs) are: a) public enterprises. d) private enterprise T/F As MNCs moved into the fifth tier of internationalization, their strategic thinking was more influenced by national boundaries. False All of the following are a part of global production EXCEPT: a) research. d) portfolio investment. The most widely used index measure of a corporation's "multinationality" is called the: a) LDC. b) TNI What is a 1977 code of conduct that required multinational corporations in South Africa to do business in a nondiscriminatory way. a) The MacBride Principles d) The Sullivan Principles This theory follows that maximum gain on a worldwide basis will be realized if there are no impediments to trade, if there is free competition in pricing, and if capital flows are unrestricted. a)
The marginalist theory b) The law of comparative advantage T/F Under GATT, the decision of a dispute body can be overturned only by the unanimous veto of all members. False Identify the force of globalization that comes under "ideas." a) Wealth creation c) Corporate citizenship The fundamental objective of what organization was to prevent a recurrence of Europe's devastating wars such as World War I and World War II. a) IMF b) EU Exporting a product at a price below the price it normally sells for in its home market is known as: a) structural adjustment. b) dumping The first step in the formation of what organization was taken in 1987 when the United States and Canada signed a free trade agreement. a) IMF d) NAFTA All of the following countries are part of NAFTA except: a) Argentina. a) Argentina. What is the mainspring of globalization? Trade Principle 9 of the Global Compact Principles urges a precautionary approach to environmental risks, a philosophy rising from the _____ and accepted by regulators in Europe, but less so in the United States. a) Earth Summit d) Rio Declaration Direct investment means: a) buying or creating facilities in another country for producing in local markets. a) buying or creating facilities in another country for producing in local markets. Which of the following is true about the OECD Guidelines? a) An informal process exists to "encourage" observance of the guidelines. b) Each government that joins in the guidelines sets up an office, called a "national contact point." The Global Compact: a) is a code of conduct. c) advances its principles as an "aspirational" set of "shared values." T/F In global production, a value chain can span two or more countries. True T/F Foreign direct investment is the limited, speculative purchase of stocks and bonds in a foreign company by individuals. False What has been the official policy of the United States since the end of World War II. a) Global trade compliance b) Free trade A tax or duty charged by a government on goods moved across a border is known as a: a) tariff. a) tariff T/F The great run of free trade ended with World War I, which inflamed global markets with national conflicts. True What is the primary mission of the International Monetary Fund? a) To promote international economic stability. a) To promote international economic stability T/F The "Buy American" laws seek to influence governments and agencies to purchase U.S.-made goods and services rather than foreign-made goods and services. True T/F "Competitive advantage of nations" is a phrase coined by Joseph Stiglitz, identifying a nation as having a cluster of similar producers which gives the nation a special advantage over other countries. False In the fight against corruption, what 1977 Act was the first major manifesto in the anti-corruption framework. a) The Sarbanes-Oxley Act c) The Foreign Corrupt Practices Act What is measured as the dollar value of funds invested by a parent corporation for starting, acquiring, or expanding an enterprise in a foreign nation. a)Portfolio investment b) FDI Business groups say that the Alien Tort Claims Act: a) brings justice for the oppressed. b) victimizes the world's poor "by imposing an enormous tax on investment in developing countries at a time the world desperately needs such investment." According to leading progressive, David C. Korten: a) power on earth was being transferred from national governments to transnational corporations
which by their nature serve only the short-term interests of citizens. a) power on earth was being transferred from national governments to transnational corporations which by their nature serve only the short-term interests of citizens The five tiers of internationalization in MNCs: a) state a common method to enter foreign market in five stages. b) represent alternate ways to extend business activity into foreign markets. T/F In many fifth-tier companies, there is a strong trend toward more centralized authority rather than more "statelessness." True Which of the following is a part of the tiers of internationalization? a) Export sales a) Export sales What laws seek to influence governments and agencies to purchase U.S.-made goods and services rather than foreign-made goods and services? a) Blue laws b) "Buy American" laws One of the measures of political globalization is: a) inflows of foreign direct investment as a percent of GDP. c) participation in international organizations. T/F Studies show that as anti-bribery laws in developed nations are enforced, corrupt countries receive less FDI from MNCs headquartered in less corrupt countries. False What doctrine propounds that government should protect business interests from foreign competitors. a) Protectionism a) Protectionism What is the national treatment principle? a) Increasing national power by managing the economy to create a trade surplus. c) Equal treatment for imported and local goods in a domestic market T/F Almost all FDI comes from multinational corporations. True This is the financial process by which a corporation takes partial or total control of foreign assets with the intention of having a long-term presence. a) TPI d) FDI T/F The Sullivan Principles was a 1977 code of conduct that required multinational corporations in South Africa to do business in a nondiscriminatory way. True T/F When an MNC invests funds to acquire a foreign company, this is called a foreign direct investment. True FDI is an example of which force in globalization? a)
Ideas b) Capital T/F World Bank and IMF loans usually go to developing countries. False T/F Agreements reached under GATT were incorporated in the WTO. True A policy of national self-sufficiency and economic independence is called: a) an embargo. b) autarky The World Bank is an example of which force in globalization? a) Multilateral organizations a) Multikaterak organizations What is the purpose of the General Agreement on Tariffs and Trade (GATT)? a) To devalue currencies and limit cross-border movement of funds. d) To expand trade by eliminating discriminatory barriers Transnational corporations are defined as: a) doing business in the state in which they are incorporated. c) parent entities that control assets of affiliated entities in foreign countries. All of the following ratios are used to compute the TNI EXCEPT: a) foreign employment to total employment. d) foreign assets to total unemployment Which of the following statements about portfolio investments is true? a) It is measured as the dollar value of funds invested by a parent corporation. b) It is limited and speculative. A(n) _____ is a government entity that invests the savings of a nation. a) angel investor d) sovereign wealth fund According to this theory, efficiency and the general economic welfare are optimized when each country produces that for which it enjoys a cost advantage. a) The marginalist theory d) The law of comparative advantage Under which of the following forces of globalization does environmentalism come? a) MNCs d) Ideas In 2004, the United Nations added a tenth principle to the Global Compact requiring: a) the effective abolition of child labor. b) participant companies to adopt anti-corruption policies and controls Identify the tier that is a part of internationalization. a) Indirect investments c) Licensing franchises Which of the following is NOT a general policy of the OECD Guidelines for Multinational Enterprises? a) Enterprises should encourage human capital formation, in particular by creating employment opportunities and facilitating training opportunities for employees. b) Enterprises should take disciplinary action against employees who make bona fide reports to management. Which Act makes it illegal for U.S. citizens anywhere in the world to bribe foreign officials? a) The International Anti-Bribery Act a) The Foreign Corrupt Practices Act Business entities in foreign countries controlled by parent transnational corporations are known as: a) foreign
affiliates. a) foreign affiliates What was the original intent of the 1789 Alien Tort Claims Act? a) To make it illegal for U.S. citizens anywhere in the world to bribe foreign officials. d) To protect the rights of ambassadors and to try pirates. Which of the following is a measure of social globalization? a) Telephone traffic a) Telephone traffic The flow of goods and services across borders unhindered by government-imposed restrictions such as taxes, tariffs, quotas, and rules is known as: free trade T/F One main argument against protectionism is that a major cause of the rise in world trade is the widespread reduction in defensive barriers. True This is a treaty in which two or more nations agree to reduce or eliminate barriers, opening their borders to freer mutual trade. a) Protectionism b) Free trade agreement That businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining comes under which Global Compact principle? a) Anti-corruption d) Labor standards Which of the following is NOT one of the three most common reasons for corporations to make foreign direct investments? a) They seek
access to new markets. b) They seek to introduce new management skills and technologies to foreign markets. T/F Sometimes those using the name multinational mean to imply that these companies have erased national allegiances, becoming itinerant firms that move investment and activity from nation to nation in search of profits. True _____ is based on trade and investment flows and restrictions; measures include trade as a percent of GDP, inflows of foreign direct investment as a percent of GDP, tariff rates, and import barriers. a) Social globalization b) Economic globalization Which of the following laws raised 890 tariff lines covering tens of thousands of items and increasing the average American duty on imported goods? a) The Fordney-McCumber Tariff Act d) The Smoot-Hawley Tariff Act All of the following are governmental forces of globalization EXCEPT: a) erosion of sovereignty by capital markets. d) creation of externalities such as resource depletion. _____ occurs when networks of economic, political, social, military, scientific, and environmental interdependence grow to span worldwide distances. a) Globalization a) Globalization _____ are aspirational statements of principles, policies, and rules for foreign operations that a multinational corporation voluntarily agrees to follow. International codes of conduct T/F MNCs are all similar in their organizational structures and operations. False When multinational corporations invest their funds to start a business in a foreign country, this is called a(n): a) FDI. a) FDI T/F Corporations are formed under national incorporation laws. True A set of economic policies prescribed to correct flaws in a national economy is known as: a) the Washington Consensus. b) a structural adjustment program Facilitating payments: a) are small amounts of money demanded by minor officials to perform their regular duties. a) are small amounts of money demanded by minor officials to perform their regular duties In the Uruguay Round, developed countries concluded an Agreement on Trade-Related Aspects of Intellectual Property Rights that required participants to: a) protect private property owners' rights in all countries. b) protect property rights in products such as software, digital entertainment, and pharmaceuticals. T/F The single measure that best captures the activity and power of MNCs is portfolio investment. False Creation of externalities such as pollution and resource depletion come under which force of globalization? a) MNCs a) MNCs The World Trade Organization (WTO): a) allows the defendant in a dispute to veto a decision if it disagreed. c) has been unsuccessful in adding to the GATT legacy of trade liberalization What agreement was formed in 1967 by five countries—the Philippines, Indonesia, Malaysia, Singapore, and Thailand? a) EU d) ASEAN ____ is the act of a corporation cloaking its lack of social responsibility by insincere membership in the UN Global Compact. Bluewashing Which of the following is true about typical MNCs? a) Most MNCs are said to be stateless. c) They remain national rather than international. . Which of the following is a negative economic effect of FDI? a) Governments protect politically powerful industries with characteristic control. c) Although competition from a new foreign affiliate can stimulate local firms, the new entry can also overwhelm them. T/F One basic action that multinational corporations should take to fight corruption is to use face-to-face payments in place of electronic transfers. False T/F Only developed countries have been receptive to free market ideas. False T/F Voluntary CSR is the full corrective for flaws in markets. False T/F NGOs are a major force in the ways that government and business operate. True T/F The current WTO-led multilateral trading system has yet to produce a major advance in trade liberalization. True The economic policy of lowering tariffs and other barriers to encourage trade and investment is known as: a) liberalization. a) liberalization T/F The typical MNC is international rather than national. False Almost all FDI comes from: a) hedge funds. b) multinational corporations ____ is an agreement negotiated in 1991 among Argentina, Brazil, Paraguay, and Uruguay. a) EU b) Mercosur Which of the following refers to a policy of increasing national power by managing the economy to create a trade surplus? a) Capitalism c) Mercantilism T/F For corruption to exist there must be both demand and supply. True This is a part of the tiers of internationalization. a) Indirect investments b) Establishment of foreign sales offices T/F The OECD is a group of 33 nations formed in 1961 as an outgrowth of cooperation to rebuild Europe after World War II. True T/F Facilitation payments violate anti-bribery laws in almost every nation but are still widely tolerated. True T/F Bluewashing is a report from a corporation about its actions in support of the 10 Global Compact principles. False ____ is a 1789 law permitting foreign citizens to litigate alleged violations of international law in U.S. federal district courts. a) The Alien Tort Claims Act a) The Alien Tort Claims Act With regard to MNCs in the United States: a) it is still rare for top executives to be naturalized citizens. d) each company must be chartered by a state T/F The primary motive of companies investing in LDCs is getting an adequate return on capital invested. True Social globalization is based on: a) specialization and international exchange. d) the flow of ideas, images, and information . The debasement of integrity for money, position, privilege, or other self-benefit is termed as: a) manipulation. d) corruption The OECD Guidelines for Multinational Enterprises: a) are a set of 16 broadly worded principles about protecting and conserving the natural environment. d) is the only comprehensive global code of corporate conduct endorsed by governments Which of the following refers to a set of free market policies imposed on developing nations by the IMF and the World Bank as loan conditions? a) Structural adjustment program d) Washington Consensus T/F Globalization has been the official policy of the United States throughout most of its history. False The single most conspicuous effort to promote MNC social responsibility and to harness FDI for economic development is the: a) social contract. c) Global Compact T/F Bribes paid by managers of one corporation to managers of another are legal under the Foreign Corrupt Practices Act (FCPA). True All of the following are true of protectionism EXCEPT: a) industries must be shielded from foreign competition. c) maximum gain on a worldwide basis will be realized if capital flows are unrestricted.
All of the following statements are true of FDI EXCEPT: a) it is the financial process by which a corporation takes partial or total control of foreign assets. c) it is a short-term investment that can be sold anytime. Human rights are an example of which force in globalization? Ideas T/F Protectionism is principally an economic issue. False The United Nations defines transnational corporations (TNCs) as: a) doing business in the state in which they are
incorporated. d) parent firms that control the assets of affiliated entities in foreign countries including branches, subsidiaries, and joint ventures An entity headquartered in one country that does business in one or more foreign countries is called a(n): a) MNC. a) MNC Transportation is an example of which force in globalization? a) Capital d) Technology T/F The Global Compact is a code of conduct that enforces its principles. False T/F The Association of Southeast Asian Nations was formed in 1967 by the Philippines, Indonesia, Malaysia, Singapore, Thailand, and China. False T/F The OECD Guidelines for Multinational Enterprises is a set of 16 broadly worded principles about protecting and conserving the natural environment. False T/F Though TNCs differ greatly in international dimensions, a single measure has been created that can capture the definitive meaning of "transnational." False The treaty that requires nations to preserve biological diversity by promoting sustainable economic activity is known as the: a) Convention on Biological Diversity. a) Convention on Biological Diversity ____ is the limited, speculative purchase of stocks and bonds of a foreign company by individuals or mutual funds. a) Portfolio investment a) Portfolio investment T/F Even without making direct investments in a nation, powerful MNCs can shake its economy. True The Foreign Corrupt Practices Act (FCPA): a) can fine individuals up to $2 million and five years in prison for violations of the law's bribery provisions. c) makes it legal for bribes paid by managers of one corporation to managers of another T/F Even as nations' nontariff barriers have generally fallen, tariffs have multiplied. False The uniform currency used by the European Union (EU) is called the: euro Which of the following is true of the guidelines offered by Richard DeGeorge for organizations doing business in other countries?Which of the following statements is true of the guidelines offered by Richard DeGeorge for organizations doing business in other countries? They represented an ethical ideal that, at best, provided a conceptual foundation.
Which of the following actions does the Computer Ethics Institute consider unethical quizlet?Which of the following actions does the Computer Ethics Institute consider unethical? Packet-sniffing software can intercept and archieve all communications on a network. Which of the following is true of the technology used to monitor employees at the workplace?
Which of the following is true of the concept of global ethics?Which of the following is true of the concept of global ethics? The correct answer is: It is a highly complex subject. How can an organization move its ethical commitment to a global scale successfully? The correct answer is: By creating an ethical standard that respects the local customs of the other countries.
What is the reason for the increased monitoring of employees at work by organizations quizlet?What is the reason for the increased monitoring of employees at work by organizations? The evidence gathered from the electronic trail of e-mails from employees can cause potential damage to an organization.
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Which of the following is true of the Organization for Economic Cooperation and Development OECD guidelines for multinational enterprises quizlet?
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