Trade agreements
HRM 522 FINAL EXAM PART 2
Question 1
The ________ formed in 1995 and administers its own trade agreements, facilitates future trade negotiations, settles trade disputes, and monitors the trade policies of member nations.
Answer
International Monetary Fund
United Nations
World Trade Organization
North American Free Trade Act
European Union
Question 2
Who argued during the 1930s that the state could stimulate economic growth and improve stability in the private sector?
Answer
Adam Smith
John Maynard Keynes
Milton Friedman
Herbert Hoover
Geert Hofstede
Question 3
Risk compartmentalization occurs when
Answer
companies place their most problematic employees into separate profit centers so that they cannot influence one another to act unethically.
all profit centers within a corporation are aware of the code of ethics.
all profit centers within an organization become aware of the consequences of competitors’ actions.
various profit centers within an organization become unaware of the consequences of their actions on the firm as a whole.
ethics and compliance programs reduce the risk of misconduct
Question 4
The growth of the Internet and differing security laws between countries has led to an increase in concern for the human right of
Answer
religion.
a secure job.
healthcare.
privacy.
freedom of speech
Question 5
When in Rome, do as the Romans do, or you must adapt to the cultural practices of the country in which you are operating
are rationalizations businesspeople sometimes offer for straying from their own ethical values when doing business abroad. This practice is called
Answer
self-reference criterion.
country cultural values.
consumerism.
cultural relativism.
dumping
Question 6
________ is a term used by Adam Smith to explain the inherent mechanisms at work in free market systems that keep commerce in equilibrium. It is also known as the invisible hand.
Answer
Consumerism
Cultural relativism
Social democracy
Laissez-fair
Bimodal wealth distribution
Question 7
Which of the following has the power to enact legally binding ground rules for international commerce and trade policy?
Answer
Global Sullivan Principles
World Trade Organization
Global Sullivan Organization
Federal Trade Commission
Global Commerce Association
Question 8
________ involves transactions across national boundaries. It is a practice that brings together people who have different cultures, values, laws, and ethical standards.
Answer
Global business
Country cultural values
Social democracy
Cultural relativism
Bimodal wealth distribution
Question 9
________ is a two-way process in which the communicator communicates with superiors and subordinates.
Answer
Cooperation
Transparency
Leader-follower congruence
Reporting
Collaboration
Question 10
Which type of leader relies on participation and teamwork to reach collaborative decisions?
Answer
Transformational
Coercive
Democratic
Coaching
Pacesetting
Question 11
Which leadership type values people, their emotions, and their needs and relies on friendship and trust to promote flexibility, innovation, and risk taking?
Answer
Authoritative leadership
Coaching leadership
Pacesetting leadership
Coercive leadership
Affiliative leadership
Question 12
________ and reporting are two major dimensions of ethical communication.
Answer
Collaboration
Transparency
Recognition
Listening
Compromising
Question 13
________ are a primary influence on employees ethical behavior because they are role models for the organizations values.
Answer
Friends
Parents
Peers
Coworkers
Leaders
Question 14
These leaders are passionate about the company, live out corporate values daily in their behavior in the workplace, and form long-term relationships with employees and other stakeholders.
Answer
Transactional
Compromising
Transformational
quantitative
Authentic
Question 15
________ occurs when one or more group members feel pressured to conform to the group’s decision even if they personally disagree.
Answer
Group polarization
Leader-follower congruence
Groupthink
Competition
Conflict
Question 16
________ leaders are passionate about the company, live out corporate values daily in their behavior in the workplace, and form long-term relationships with employees and other stakeholders.
Answer
Authentic
Coaching
Transformational
Transactional
Pacesetter
Question 17
Although limiting urban sprawl creates disadvantages for ________, many businesses can benefit from urban renewal movements that reduce sprawl.
Answer
car and oil companies
the airline industry
the railroad industry
service oriented companies
humans and animals
Question 18
Which industry invests the most in alternative clean energy sources?
Answer
The automobile industry
The clothing industry
The airline industry
The federal government
The oil and gas industry
Question 19
The Clean Air Act:
Answer
Allowed the EPA to track industrial chemicals
Focuses on promoting alternative forms of energy
Established national air quality standards
Provides tax benefits to consumers who purchase hybrid cars
Focuses on reducing pollution through cost-effective change
Question 20
Which option includes the assessment and improvement of business strategies, economic ectors, work practices, technologies, and lifestyles while maintaining the natural environment?
Answer
Competitive advantage
Marketing
Sustainability
Greenwashing
Risk analysis
Question 21
Geothermal energy provides ________ and is a more dependable energy source than some other forms of alternative energy.
Answer
heat from the sun
a radiated heat
heat from steam
a constant source of heat
a dry heat
Question 22
Stakeholder assessment is an important part of a ________approach to environmental issues.
Answer
low-commitment
medium-commitment
high-commitment
hands-off
hands-on
Question 23
All of these are ways of reducing pollution, except:
Answer
Designing environmentally friendly buildings
Recycling
Greenwashing
Source reduction
Sustainable agriculture
Question 24
The ________ focuses on reducing pollution through cost-effective changes in production, operation, and raw materials use.
Answer
Pollution Prevention Act
Toxic Substances Control Act
Clean Air Act
Energy Policy Act
Oil Pollution Act
Question 25
The Clean Water Act makes it illegal for anyone to discharge any pollutant from a point source directly into navigable waters without a .
Answer
good reason
direct order
permit
inspector present
limit
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