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Question
(p. 100) A business that takes a public position on a political issue is exercising corporate social responsibility.
Answer
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(p. 73) An exchange rate is the value of one nation's currency relative to the currencies of other nations.
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(p. 70) A firm may export everything it produces overseas and yet not be considered a multinational.
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(p. 70) Any corporation that exports at least 50% of its total output can be classified as a multinational corporation.
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(p. 67) While franchising is popular in United States, it is not an accepted strategy for firms in the global market.
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(p. 67) One advantage of foreign licensing as a strategy to enter the global market is the sharing of trade secrets.
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(p. 66-67) One advantage of foreign licensing is the relatively low cost of entering a foreign market.
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A. legal
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C. ethical
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(p. 109) While "doing the right thing" is an admirable code of ethics, there are no international organizations dealing with global ethics and corruption."
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(p. 108) The economic power of large multinational firms allows them to ignore the ethical standards of a society without consequences.
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(p. 109) The Joint Initiative on Corporate Accountability and Workers' Rights is a project that has as an outcome a set of common labor standards guidelines.
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(p. 108) Often it is the threat of negative publicity that pressures businesses to enforce their corporate code of ethics.
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(p. 105) A decline in stock market prices helps nonprofit organizations.
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(p. 104) In the long run, a firm's loyalty to their employees can pay off financially.
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