DAVID RISING. 3. D) utilitarian approach to business ethics, The Kantian approach to ethics suggests that. Offering, giving, receiving, or soliciting anything of value to influence and official act. C) They may be based in a culture that does not place the same value on ethical norms important in the manager's home country. D) the attainment of an equitable distribution of goods and services. First targets and paid to make decisions. The manager argues that such payments are ethically defensible because everyone is doing it. What approach to business ethics is the manager using? See the full statement here. Normal business practices - "questionable payments" customary in international business practices. A) bribes made to secure contracts that would otherwise not be secured. The OECD Anti-Bribery Convention establishes legally binding standards to criminalise bribery of foreign public officials in international business transactions and provides for a host of related measures that make this effective. A bribe is an illegal act involving the exchange of consideration, such as money, with the purpose of influencing behavior. The use of one's occupation for personal enrichment. Occurs when an official has an undisclosed interest in a transaction, which causes or can potentially cause harm to the company or agency. A) Human beings have fundamental rights and privileges that transcend national boundaries. SOX Act of 2002. According to the company president, using sweatshop labor offers a means of livelihood to children and young adults, as well as supplies good quality apparel to customers at a lower cost. A firm's ________ include customers, suppliers, and lenders. This contributes to the. Paying bribes is relatively common in many countries, and bribes often take the form of grease payments, which are small inducements intended to expedite decisions and transactions. It looks like your browser needs an update. The topic of bribery has a long history, and bribery seems to be an arena in which our moral views are changing. To ensure the best experience, please update your browser. The public relations manager is using which of the following philosophical doctrines to defend the actions of the company? C) people should be treated as ends and never purely as means to the ends of others. No Fed statue many states have. An international U.S.-based company sets up a production unit in a developing country with poor environmental regulations. Mahatma Gandhi felt the best decisions are those that produce the greatest good for the greatest number of people. ________ enables managers to walk away from a decision that is profitable but unethical. According to the ________ point of view, a firm should adopt the ethics of the culture in which it is operating. BERLIN (AP) - Companies from Russia, followed closely by those from China, are seen as most likely to use bribery to secure foreign contracts, according to a new survey released Wednesday by Transparency International. C) are typically customers, suppliers, lenders, etc. Expatriate managers may experience more than the usual degree of pressure to violate their personal ethics because of which of the following? It impedes cross-border investment, deters fair competition in international trade and discriminates against small and medium size companies. It is in the best interest of prospective employees to find out all they can about the. Delay game, over compliance, outright threats and coercion, and spoliation of evidence. The emphasis on anticorruption poli… The public relations manager of the company defends the company's actions as being ethically sound; he states that in the host country, paying bribes to government officials is the accepted norm and is in keeping with the social practices in the host country. BP, one of the world's largest oil companies, has made it part of the company policy to undertake "social investments" in the countries where it does business. A multinational company is accused of paying bribes to the government of a host country to obtain permission to build a production factory. 1. B) UN Universal Declaration of Human Rights. The products of Carmen Stores, an international sports apparel chain, are manufactured in sweatshop factories in China. The ________ obliges member states to make the bribery of foreign public officials a criminal offense and excludes facilitating payments made to expedite routine government action from the convention. Oh no! bribery has been linked to high-profile corruption and fraud cases in the United States, rocking the international marketplace for companies such as Pfizer, Avon, Johnson & Johnson, and Daimler AG. Establishing ________ involves a business resolving to place moral concerns ahead of other concerns in cases where either the fundamental rights of stakeholders or key moral principles have been violated. when companies fight to eliminate bribery and corruption, try to protect the environment, and work to improve working conditions, they are practicing _____. What is the term for a company's formal statement of the ethical priorities it expects all of its employees to follow? A) first-, second-, and third-order consequences that are hard to quantify. The factory used child labor, which he disapproved of, but he knew the families of these children might starve without their income. Obviously, one can dispute whether you knew or didn't know (intent and knowledge), but only good international legal representation can guide you here. Miranda is a cultural relativist, which means she likely believes. The purpose of bribery is to exert influence or pressure over the official’s actions. In Mexico, "mordida" is a way of life. The ________ approaches to ethics hold that the moral worth of actions or practices is determined by their consequences. The destruction or fraudulent appropriation of another's money or merchandise by the person entrusted with it. Child labor is permitted and widely employed in Country X. Business ethics that either deny the value of business ethics or apply the concept in a very unsatisfactory way are termed. The utilitarian approach to business ethics suggests that. Drown government with documentation (example: IBM - 75 million pages). 1. ICAEW have come together with other professional bodies spanning law and accountancy today pledged to continue their work to tackle bribery, corruption, tax-evasion, money laundering and the financing of terrorism as leaders from across the world gather in London for an anti-corruption summit. Gaining of property or money by almost any kind of force, or threat of violence, property damage, harm to reputation, or unfavorable government action. A) psychological and geographical distances of a foreign subsidiary from the home office. ________ arguments suggest that improving working conditions beyond the level required by the law and necessary to maximize employee productivity will reduce profits and are therefore not appropriate. C) facilitating payments made to expedite routine government action. Refusal to voluntarily provide requested documents; legal battle. Commercial Bribery. Grady works at a fast food restaurant. Recent cases of corruption in international business have attracted considerable media attention. BP's actions are an example of. ________ means standing in the shoes of a stakeholder and asking how a proposed decision might impact that stakeholder. In some cultures, there may be conflicts with global business practices, such as in the area of gift giving, which has evolved into bribery—a form of corruption. The ________ occurs when a resource held in common by all, but owned by no one, is overused by individuals, resulting in its degradation. In the international business setting, one of the most common ethical issues involves. To ensure the best experience, please update your browser. The Foreign Corrupt Practices Act is responsible for regulating the way U.S. businesses function in terms of financial handlings with foreign officials. Learn vocabulary, terms, and more with flashcards, games, and other study tools. 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