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Question
(p. 100) A law requiring businesses to give 90 day notice of their plans to close an office or factory was enacted in the late 1990s. This action indicates the public's desire for businesses to behave in a socially responsible manner.
Answer
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(p. 71) Foreign businesspeople usually adapt to culture differences more easily than U.S. businesspeople.
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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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