International business managers can do the following toensure that ethics is considered, except:а.Ensure ethics is considered when making decisionsO b. Build an ethical organizational cultureO c. Favour hiring and promoting people who are smartO d. Ensure managers act ethicallyAgreements among countries in a geographic region toreduce and ultimately remove tariff and non-tariff barriersto the free flow of goods, services, and factors ofproduction between each other are known as

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Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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As an international trade document, what does an import/export license allow you to do? A- Discuss purchasing arrangements with vendors. B- Bring goods into a country or ship them out. C- Navigate an automobile. D- Conduct research on foreign businesses.
Any company interested in a presence in the international market needs to be wary ofsensitivity related to environmental concerns, human rights, and economic justice. Acompany’s negligence relating to any of those factors can be detrimental to its investment and reputation and consequently to the whole enterprise. At the same time, globalization enablesand compels international business to seek investment opportunities in developing countriesto maintain growth and competitive advantage. It has been observed that there are very highgrowth opportunities in emerging markets, provided an investor can understand and managethe risk. Therefore, there is a growing demand in the business world for political risk analysis,which would provide knowledge and assessment of potential harm to business operationsarising from political behaviour in different countries. The external political environment is nowincreasingly recognized by MNCs as a crucial factor which has led to an increase in emphasison…
The growth of the Internet has allowed most companies the option of doing business globally. However, businesses still need to think about the ethical and legal issues at stake when doing so. Global business reflects many of the same legal and ethical issues that have been discussed so far in this class. Think of a popular brand name that you really like. Imagine that you are working with that company to expand and conduct business globally. What potential ethical issues should your company consider in expanding globally? Discuss the potential legal risks of doing business globally.
Select a multinational company that operates in your country. Evaluate the importance to this company of undertaking SWOT and PEST analysis before it substantially expands its operations. [20]
The investment firm that took over RetailCo has decided that it would adopt alternatives to expatriation (rather than expatriation itself) to ensure managerial development and greater coordination and control between the newly acquired retail organisation in the US and RetailCo. As an expert consultant on International Human Resource Management (IHRM), which of the alternatives to expatriation would you suggest for RetailCo and why?
The presence of global food corporations like McDonald’s and KFC manifests that goods and services can transcend borders as an offshoot of the workings of the World Trade Organization. Together with that, there are multinational corporations that established factories in the Philippines. These factories offer jobs to thousands of Filipinos. Yet, some of these companies offer low salaries to their workers, and sometimes, make their workers work under hazardous conditions. These factories have also destroyed the well-being of the natural environment in some instances. As a Filipino, was it right for the Philippines to include itself as a member of the World Trade Organization? Please explain your answer.
Cite one specific problem associated with globalization that is greatly affecting you right now and then reflect on how you should or could cope with it using any of the ethical principles.
I have the answer but can you change it and add more information if neede whose interests should be the paramount concern of government trade policy—the interests of producers (businesses and their employees) or those of consumers? Defend your answer! Government trade policy should be concerned with consumers more , because if trade policy favour producers and protect them from foreign competiiton, producers will not try to innnovate in absence of competition from better foreign goods as well as they may charge higher price and exploit consumers. If trade policy is concerned about consumers and open the trade, new goods will be imported at lower price and consumers will have more options. i know employees of the business may get hurt due to the increase in import and they may loose their jobs due to less demand for domestic goods. but when trade is opened, MNCs also enter the domestic market which may increase job opportunities for class of labor or employees. so Govt should favor…
An international business conducts for profit transactions of goods and services inside the country. * True False
on of tion The business practices of multinational corporations are often criticized for a double standard approach in less developed countries that may be considered wrong in a developed country discuss in detail these criticize practices and the ethical considerations that should be examined to conclude whether or not the business is operating ethically in the host country. B I
14 - A transaction that is carried out across national borders to satisfy the objectives of individuals and organization is called a) Multinational trade b) O Global trade C) International business d) O Multinational business
The ethical landscape of international business is cloudy, and the diverse nature of cultural, political, and legal systems around the world often makes the line between ethical and unethical business practices difficult to negotiate. In this section you will learn about some of the ethical challenges and issues that businesses face in global markets.

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