Question

15. Ethical problems and issues of social responsibility are: A) unique to firms involved in global trade. B) unique to the United States. C) not unique to the United States. D) less important now than in the past. 16. Top leaders in government and business today are: A) held to higher ethical standards than in the past. B) held to less strict moral standards than in the past. C) less interested in social responsibility than in the past. D) at odds with the general public in regard to ethical issues. Stories of political leaders accepting bribes in return for their influence have occurred worldwide. Unlike the past, these leaders have been forced to resign under intense pubic pressure. This indicates that: A) politicians and religious leaders are above the law. B) people are demanding higher standards of their leaders. C) it is important not to get caught accepting a bribe. D) the WTO has established global standards.

Answer 1

15) Ethical problems and issues of social responsibility are not unique to the United States.

Ethical issues, dilemmas and problems have universal applicability. These are applicable to all firms, whether large or small, regional or global. These are not limited to a particular area or region. Further, all businesses are expected to fulfil their social responsibilities towards the society.

16) Top leaders in government and business today are held to higher ethical standards than in the past.

Currently, businesses and governments are subject to a higher level of accountability and vigilance than in the past. There is a higher level of transparency and scrutiny in their functioning. Conformance with ethical standards is being monitored now, more than ever.

17) Stories of political leaders accepting bribes in return for their influence have occurred worldwide. Unlike the past, these leaders have been forced to resign under intense public pressure. This indicates that people are demanding higher standards of their leaders.

People are getting empowered. Political leaders are being made answerable for their actions. There is a higher degree of accountability and transparency. Political leaders cannot now take the people for granted.