Question

Countries all have different amounts of the factors of production for any industry. Factor proportions theory holds that in combination with the efficiency of production these differences are the determinants of a nations patterns of trade. Select one: True False
The idea that the dignity of humans is something that must be preserved is a key element of the utilitarian approach to international ethics. Select one: □ True False
Spiffy Sandals (Scenario) Spiffy Sandals is a Canadian footwear firm. Spiffy is planning to enter into a contract with an international producer to lower costs of production. On paper the figures look very good. However, Spiffy management has learned that the producers factories are sweatshop conditions Benito is the key Spiffy executive involved in the contract. He adheres to the relativist view regarding ethical standards and in meetings often says When in Rome, do as the Romans do. Which of the following do you think Benito agrees with most strongly? Select one: a. Freedom should not hire foreign managers. b. Freedom should not partner with foreign business entities. c.Freedom should passively accept the practices that prevail in countries where it does business d. Freedom should institute a single global code of conduct for all ts employees and suppliers
From the following list of behaviors a firm can engage in, select the one that is most clearly not ethical? Select one: a. tolerating sweatshop conditions b. manufacturing luxury consumer goods c. setting up operations abroad d. failing to meet shareholders expectations with regard to annual profit
What is the layer of CSR (corporate social responsibility) in which the firm establishes a code of conduct that it will employ in its internationalization processes in order to assure the greatest level of transparency? Select one: a. Strategic Corporate Social Responsibility (CSR) b. Traditional philanthropy c. Risk management Corporate Social Responsibility (CSR) d. Task orientation
Kanopio (Scenario) The leaders of Kanopio, a small nation in South America, will gather to discuss ways to attract foreign companies to invest in Kanopio. Kanopio was once a leader in exporting its diamonds. But their diamond mines have been over-mined. As well, the standard of living in Kanopio has dropped to its lowest levels, and the younger generation is moving to other countries. Kanopian leaders must develop a plan to attract FDI and revive their economy Harvard business professor Michael Porter says that Kanopio can prosper through forming new and better factor endowments though Select one: a. proactive national industrial policy b. devaluation of the national currency c. redevelopment of the countrys depleted diamond mines d, the consolidation of national human rights institutions
Precision Instrumentation is a small but successful Canadian imaging firm planning to grow by expanding internationally, Senior management would like the company to zero in on nations where the rule of law is in use and highly respected. Of the following choices, which should Precision focus on? Select one: l a. developing, non-Western countries where competition wont be too prohibitive b. emerging economies experiencing rapid growth c. countries inclined toward totalitarian-style government d. wealthier, westernized countries
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Answer #1

question1 ) true ,

according to factor proportion theory , it is the difference in factor proportion in nations that causes international trade .

ques2 ) true , international ethics says that dignity of the individual must be preserved .

question 3) option C . The saying that that do as romans do in Rome means that conditions of sweatshop should be accepted passively .

question 4 ) option A) . accepting sweatshops is not clearly ethical as it does not treat workers appropriately .

( answered first 4 parts as per policy )

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