BUS 475 Week 5 quiz 4

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
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.

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
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

uestion
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.

BUS 475 Week 5 quiz 4

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