BUS 475/BUS475 Week 5 quiz 4 (30/30) - 89730

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Question 1 The term “race to the bottom” refers to: Answer Seeking to mine rich minerals from the bottom of the ocean. Moving production jobs to the country with the lowest labor cost. Efforts to deconstruct the assembly process in manufacturing industries. An old concept of globalization ta is no longer relevant. Question 2 Single-party rule by communist parties still remains in: Answer Lithuania. Vietnam. Thailand. Russia. Question 3 A society where economic power is concentrated in the hands of government officials and political authorities is called: Answer A central state control system. A social democracy. A political control system. A military dictatorship. Question 4 Technological innovation has aided the spread of globalization by: Answer Building advanced technologies that can be sold in the global marketplace. Building advanced technologies that can be bought in the global marketplace. Leveling the playing field and allowing all to participate on an equal footing in global commerce. Building advanced technologies that can be sold in the domestic marketplace. Question 5 A critic of globalization might argue that companies decide to manufacture in China mainly because of China’s: Answer Strict law enforcement. High environmental standards. Weak health and safety regulations. Strong worker unions. Question 6 A firm that would like to develop a global supply chain would: Answer Manufacture components or supplies in other countries. Sell raw materials, components or supplies produced at home abroad. Purchase raw materials, components, or supplies from sellers in other countries. Check products that were manufactured abroad for defects in their home country. Question 7 The three strategies of globalization can be summarized using what three words? Answer Channels, operations, and chains. Export, locate, and purchase. Sell, make, and buy. Ethics, import, and sell. Question 8 A firm that has global operations has: Answer All of their manufacturing and service operations abroad. Some or all of their manufacturing or service operations abroad. ? Manufacturing but not service operations abroad. Service but not manufacturing operations abroad. Question 9 The loan policies of the World Bank: Answer Are generous to developing countries seeking to expand their educational systems. Impose strict restrictions on debtor countries which can sometimes lead to hardship. Are generally only available to rich nations. Are open to any company conducting business abroad. Question 10 The richest 1 percent of the people in the world receives as much income annually as: Answer The wealthiest 5 percent. 100 percent of the middle class. The poorest 99 percent. The poorest 57 percent. Question 11 An example of a Global Action Network, or GAN, is: Answer The World Trade Organization. Nongovernmental organizations. The Kimberley Process. The Heritage Foundation. Question 12 Representation on the World Bank’s board of directors is based on: Answer The size of the member nation’s population. The size of the member nation’s economy. The size of the member nation’s land mass. Equal representation of all member nations. Question 13 What U.S. company is the best example of using globalization to reduce the price of its products? Answer K-Mart. Toys R Us. Walmart. Macy’s. Question 14 The purpose of the World Trade Organization is to: Answer Impose barriers to free trade among nations. Eliminate barriers to free trade among nations. Develop trading partnerships between rich and poor nations. Decrease globalization and free trade. Question 15 Global market channels involve a firm producing goods in: Answer Their home country and exporting them to other countries. Their home country to sell at home. A foreign country to sell at home. A foreign country to sell abroad. 5 points Question 16 BSR (formerly Business for Social Responsibility) helps its 300 member companies: Answer Lobby Congress for socially responsible legislation. Discover tax shelters for social program expenditures. Conduct social audits. Develop sustainable business strategies. Question 17 The Ronald McDonald House charity, operated by McDonald’s has been criticized for: Answer Question 18 The Universal Declaration of Human Rights states that each person: Answer Has a right to life, liberty and the pursuit of happiness. Is created equal in the eyes of the government. Has the right to a standard of living adequate for the health and well-being of himself and of his family. Has the right to a standard of living that meets each countries’ minimum wage law. Question 19 Which of the following organizations have developed standards to judge corporate performance? Answer International Organisation for Standards. Global Development Initiative. Institute of Accountability. Heritage Foundation. Question 20 According to the scholar Simon Zadek six benefits of social audits include all of the following except. Answer Helping businesses know what is happening within their firm. Understanding what stakeholders think about and want from the business. Strengthen the loyalty and commitment of stakeholders. Outperforming competitors financially in a businesses’ industry. Question 21 This Switzerland-based pharmaceutical firm was an early adopter of the Global Compact and used it to update its code of conduct. Answer Novartis. Bayer. Johnson & Johnson. The Gap. Question 22 Which of the following is not a motivation for publishing a corporate social report? Answer Ethical concerns. Economic considerations. Stakeholder engagement. Avoiding transparency. Question 23 A systematic evaluation of an organization’s social, ethical, and environmental performance is called a(n): Answer Corporate social responsibility review. Stakeholder audit. Independent social review. Social audit. Question 24 The primary purpose of the International Monetary Fund is to: Answer Question 25 According to a survey conducted by The Economist in 2008, how many respondents say corporate citizenship can help increase their companies’ profits? Answer Question 26 Financial, social and environmental results are reported together in a firm’s: Answer Financial reports if a publicly traded firm. Code of business conduct. Triple bottom line report. Employee newsletter. 5 points Question 27 When a company puts its commitment to social and environmental responsibility into practice worldwide, not only locally or regionally it is called: Answer Corporate Social Responsibility. Global Sustainability. Global Corporate Citizenship. Community Investing. Question 28 According to Philip H. Mirvis’ and Bradley K. Googins’ model, how many stages are there of global corporate citizenship? Answer Three. Five. Seven. Twelve. 5 points Question 29 Some companies have created a department of corporate citizenship to: Answer Adopt the United Nations’ Global Compact Principles. Decentralize under common leadership wide-ranging corporate citizenship functions. Centralize under common leadership wide-ranging corporate citizenship functions. Narrow the job of the public relations office. Question 30 The emerging trend in gathering audit information directly from workers using their mobile phones is called: Answer Network-sourcing. Crowd-sourcing. Social networking. Mobile auditing.
Solution Description

Question 1

The term “race to the bottom” refers to:

Answer

Seeking to mine rich minerals from the bottom of the ocean.

Moving production jobs to the country with the lowest labor cost.

Efforts to deconstruct the assembly process in manufacturing industries.

An old concept of globalization ta is no longer relevant.

Question 2

Single-party rule by communist parties still remains in:

Answer

Lithuania.

Vietnam.

Thailand.

Russia.

Question 3

A society where economic power is concentrated in the hands of government officials and political authorities is called:

Answer

A central state control system.

A social democracy.

A political control system.

A military dictatorship.

Question 4

Technological innovation has aided the spread of globalization by:

Answer

Building advanced technologies that can be sold in the global marketplace.

Building advanced technologies that can be bought in the global marketplace.

Leveling the playing field and allowing all to participate on an equal footing in global commerce.

Building advanced technologies that can be sold in the domestic marketplace.

Question 5

A critic of globalization might argue that companies decide to manufacture in China mainly because of China’s:

Answer

Strict law enforcement.

High environmental standards.

Weak health and safety regulations.

Strong worker unions.

Question 6

A firm that would like to develop a global supply chain would:

Answer

Manufacture components or supplies in other countries.

Sell raw ma

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