Which of the following is a societal consequence of market globalization?

Which of the following is a societal consequence of market globalization?
Answer: D
a.internationalization of firm's value chain
b.greater emphasis on proactive internationalization
c.new risks and instant rivalry from foreign competitors
d.offshoring and the flight of jobs

________ is the procurement of products or services from suppliers located abroad.

Answer:C

a.
Franchising


b.
Deceptive marketing


c.
Global sourcing



d.
Licensing

Which of the following reflects the major contribution of GATT to globalization?

Answer：A

a.
It reduced barriers to international trade and investment.



b.
It eliminated the divide between the rich and the poor.


c.
It simplified patent and copyright laws


d.
It instituted strict controls on international currencies.

An international human rights organization recommends that its member countries review their human rights policies on a periodic basis to ensure that their governments are upholding ethical standards for the treatment of prisoners. Which of the following represents the most effective reasoning in support of the organization's recommendation?
Answer：A) Ethical standards change over time, so national policies should be updated as necessary.

a.
Ethical standards change over time, so national policies should be updated as necessary.
b.
Nations should enforce only those ethical standards that

Question:

An international human rights organization recommends that its member countries review their human rights policies on a periodic basis to ensure that their governments are upholding ethical standards for the treatment of prisoners.

Which of the following represents the most effective reasoning in support of the organization's recommendation?

A) Ethical standards change over time, so national policies should be updated as necessary.

B) Nations should only enforce ethical standards that have been approved by other nations.

C) Nations should enforce those ethical standards that have been adopted in other nations.

D) Ethical policies and practices tend to remain consistent within the same country over time.

Human Rights

It refers to the rights that allow people to speak up about their expression and speech. The human right helps individuals empower them and let them know that they deserve dignity and respect in society. The government provides the people of their country with rights to protect them.

Answer and Explanation:

The correct answer is Option A) Ethical standards change over time, so national policies should be updated as necessary.

Human rights are essential because if any person tries to suppress the other one, they can speak up for themselves with the help of the right available to them. The most effective reason to support the international human rights organization recommends that the ethical standards change with time. It is essential to change the national policies with time so that they can serve people by protecting them from time to time. Ethical standards are rules and regulations that undertake the moral values, and they change with time so that national policies must be updated with this ethical standard.

Firms that are more successful at global competition display each of the following qualities EXCEPT ________.
Answer：B

a.
focusing intensively on building organizational capacities


b.
approaching internationalization from a reactive standpoint


c.
actively pursuing partnerships with foreign firms


d.
identifying foreign market opportunities aggressively

Which of the following behaviors of a firm can be called unethical?

Answer：C

a.
setting up operations abroad


b.
failing to meet shareholders' expectations with regard to annual profit


c.
tolerating sweatshop conditions


d.
manufacturing luxury consumer goods

Each of the following represents a factor of production EXCEPT ________.

Answer：Aa. Government regulations are not considered a factor of production. Factors of production are the resources that are used to produce goods and services, including natural resources, labor, capital, and entrepreneurship. Government regulations are rules and policies that are designed to regulate economic activity and promote public welfare. While government regulations can have an impact on the factors of production, they are not themselves a factor of production.

a.
government regulations


b.
technology


c.
manufacturing infrastructure


d.
managerial talent

________ refers to offering, giving, receiving, or soliciting anything of value to influence the actions of a government official or a corporate manager.
answer：A
a. Bribery refers to offering, giving, receiving, or soliciting anything of value to influence the actions of a government official or a corporate manager. It is a form of corruption that involves exchanging money, gifts, or other benefits in exchange for preferential treatment, contracts, or other advantages. Bribery is illegal in most countries and is generally considered to be unethical and detrimental to good governance and fair competition. Many organizations and countries have implemented legal and ethical frameworks to combat bribery and promote transparency, accountability, and good governance.
a.
Bribery


b.
Patenting


c.
Normativism


d.
Piracy

As market globalization intensifies, ________.
Answer： D


a.
the distance between consumers worldwide expands


b.
the gap between the rich and the poor shrinks rapidly



c.
firms internationalize solely as a reaction to it


d.
individual firms respond to the challenges and new advantages that it brings

Corruption is defined as ________.

Answer：A

a.
the abuse of power to achieve illegitimate personal gain


b.
the tendency to make decisions based purely on cognitive factors


c.
a manner of operating a business that meets or exceeds the ethical, legal, commercial, and public expectations of customers



d.
the system of procedures and processes by which corporations are managed, directed, and controlled