Question 1The ________ formed in 1995 and administers its own trade agreements, facilitates future trade negotiations, settles trade disputes, and monitors the trade policies of member nations.AnswerInternational Monetary FundUnited NationsWorld Trade OrganizationNorth American Free Trade ActEuropean UnionQuestion 2Who argued during the 1930s that the state could stimulate economic growth and improve stability in the private sector?AnswerAdam SmithJohn Maynard KeynesMilton FriedmanHerbert HooverGeert HofstedeQuestion 3Risk compartmentalization occurs whenAnswercompanies 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 misconductQuestion 4The growth of the Internet and differing security laws between countries has led to an increase in concern for the human right ofAnswerreligion.a secure job.healthcare.privacy.freedom of speechQuestion 5When in Rome, do as the Romans do, or you must adapt to the cultural practices of the country in which you are operatingare rationalizations businesspeople sometimes offer for straying from their own ethical values when doing business abroad. This practice is calledAnswerself-reference criterion.country cultural values.consumerism.cultural relativism.dumpingQuestion 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.”AnswerConsumerismCultural relativismSocial democracyLaissez-fairBimodal wealth distributionQuestion 7Which of the following has the power to enact legally binding ground rules for international commerce and trade policy?AnswerGlobal Sullivan PrinciplesWorld Trade OrganizationGlobal Sullivan OrganizationFederal Trade Commission

Global Commerce AssociationQuestion 8________ involves transactions across national boundaries. It is a practice that brings together people who have different cultures, values, laws, and ethical standards.AnswerGlobal businessCountry cultural valuesSocial democracyCultural relativismBimodal wealth distributionQuestion 9________ is a two-way process in which the communicator communicates with superiors and subordinates.AnswerCooperationTransparencyLeader-follower congruenceReportingCollaborationQuestion 10Which type of leader relies on participation and teamwork to reach collaborative decisions?AnswerTransformationalCoerciveDemocraticCoachingPacesettingQuestion 11Which leadership type values people, their emotions, and their needs and relies on friendship and trust to promote flexibility, innovation, and risk taking?AnswerAuthoritative leadershipCoaching leadershipPacesetting leadershipCoercive leadershipAffiliative leadershipQuestion 12________ and reporting are two major dimensions of ethical communication.AnswerCollaborationTransparencyRecognitionListeningCompromisingQuestion 13________ are a primary influence on employee’s ethical behavior because they are role models for the organization’s values.AnswerFriendsParentsPeersCoworkersLeadersQuestion 14These 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.AnswerTransactionalCompromisingTransformationalquantitativeAuthenticQuestion 15________ occurs when one or more group members feel pressured to conform to the group’s decision even if they personally disagree.AnswerGroup polarizationLeader-follower congruenceGroupthinkCompetitionConflictQuestion 16________ social media evaluation,Business & Finance,,

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