14 Short Answer Questions for Global Ethics Lesson of Principles of Management Class
Please number answers in a word document. Questions below:
1. ________ refers to the process by which humans learn the rules, customs, skills, and values to participate in a society.
Question 1 Select one:
d.
Acclimatization
2. Fair Trade USA is the nonprofit organization that independently certifies fair trade products. Fair Trade USA certifies that a product meets the following criteria: fair prices, fair labor conditions, direct trade, democratic community development, and __________.
Question 2 Select one:
a.
environmental sustainability
b.
sustainable development
d.
local exchange of farm goods
3. Although there are several frameworks to understand cultural differences, one of the most powerful is Hofstede’s model of cultural dimensions. Please explain the model and briefly discuss its usefulness in a global market.
4. Standard Products, a publicly traded corporation based in Hoboken, N.J., is in the process of building a manufacturing plant in Nicaragua. The culture in Nicaragua is one in which employees expect to be rewarded for little more than showing up to work, though this cultural aspect has been changing over the past years. Standard Products holds a view of business ethics in which hard-working, diligent and productive employees should be rewarded as a matter of fundamental fairness. In examining the facts, Standard Products has learned from multiple conversations with employees of other companies that they view being treated fairly by employers as more important than tradition. Standard Products decides to create a performance bonus plan for its Nicaraguan factory. What are the final two steps in the ethical decision-making process? How will these steps determine whether the bonus plan is successful? How will Standard Products determine whether the bonus plan is ethical?
5. Standard Products, a company based in Newark, N.J., has begun its global operations. It understands that one aspect of business ethics is the way in which a business organization treats customers and other external stakeholders. What are some ethical aspects of the way a business organization treats external stakeholders? Do all cultures have the same ethical standard regarding the way business organizations treat external stakeholders? If the company held a cultural relativist view of ethics, how would Standard Products approach the way it dealt with these stakeholders?
6. Please briefly explain the utilitarian approach to corporate social responsibility.
7. Please explain cultural stereotyping and briefly discuss why an understanding of the practice is important to international managers.
8. “ The best ethical action is the one that provides the most good or the least harm. It produces the greatest balance of good over harm to customers, employees, shareholders, the community, and the natural environment” summarizes the _____________.
Question 8 Select one:
d.
Absolutist approach
9. Standard Products, a publicly traded corporation based in Hoboken, N.J., that does business globally, has been under pressure from a small shareholder group to engage in more sustainable business practices. In particular, Standard Products is being asked to reduce its carbon footprint in its American factories that run on coal. The shareholder group argues that sustainability is an ethical issue. Using the steps of ethical decision-making, how should Standard Products decide if it will adopt sustainable practices? It is not necessary to arrive at a decision but rather to explain what steps would be involved in making a decision.
10. Ethics are personal and unique to each individual. Please briefly explain what groups or environments influence ethics at the individual level.
11. As opposed to a business code of conduct, what should a business code of ethics provide to employees, managers and all other individuals within a business? Provide an example of an item that would be contained in a business code of ethics.
12. Similar to Hofstede, Global Leadership and Organizational Behavior Effectiveness (GLOBE) researchers categorized countries into clusters with similar cultural characteristics. Please explain how this practice is useful to international managers.
14. When a business engages in ethical decision-making, what is the first step?
Question 14 Select one:
d.
Implement a course of action
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