10. The U.S. Foreign Corrupt Practices Act and a new provision in the Dodd-Frank financial regulation-law allows company employees who bring cases of financial fraud, such as bribery, to the government's attention to receive ________ percent of any sum recovered. a. less than 10 b. exactly 20 c. up to 30 d. about 40 e. at least 50

11. The United Kingdom's new bribery law: a. is less stringent than the similar U.S. FCPA b. carries a minimum 10-year prison sentence for those convicted of bribery c. allows foreign companies doing business in the UK to bribe officials if that is their national convention d. stipulates that failure to prevent bribery is an offense e. all of the above

12. According to a recent Wall Street Journal article, ________ percent of all firms sampled had no restrictions on boss-subordinate love affairs at work. a. 5 b. 13 c. 24 d. 39 e. 80

13. According to the text, the first social responsibility of any business is to: a. make enough profit to cover the costs of the future, because if this is not achieved then no other social responsibility can be met b. avoid laying off employees so as to protect the employees' livelihood, even if that decision may force the firm to liquidate c. engage in social activities that have no economic benefits, to avoid the appearance of a public relations gimmick d. offer courses and training in environmental management e. none of the above

14. Social policy can best be defined as: a. The responsibilities a firm has to employees, consumers, environmentalists, minorities, communities, shareholders, and other groups. b. A document providing behavioral guidelines that cover daily activities and decisions within a firm. c. An SEC mandate to report any unethical behavior. d. The legal requirement to reveal how a firm's operations impact the natural environment. e. Mandatory technical standards that result in an environmental management system.

15. Which of the following was among the most admired companies for social responsibility in 2012 according to Fortune magazine? a. GDF Suez b. China Railway Group c. China Railway Construction d. China State Construction Engineering e. Kirin Holdings

16. ________ was socially responsible in the wake of the earthquake and tsunami that devastated Japan in 2011; it also was able to get supplies to people who needed them following Hurricane Katrina. a. China Railway Group b. GDF Suez c. Walmart d. RWE e. Marquard & Bahls

17. Firms should strive to engage in social activities that: a. have economic benefits b. have no economic benefits c. are detrimental to economic growth d. drain financial resources e. garner goodwill only, not profits

18. The U.S. government's OPIC a. offers insurance to offset some risks of doing business internationally b. provides insurance to eliminate all of the risks of doing business internationally c. gives informational seminars about the risks associated with doing business internationally d. requires that paperwork be filed by U.S. companies desiring to do business internationally e. discourages foreign companies from doing business in the United States

19. All of the following are potential advantages to initiating, continuing, and/or expanding international operations EXCEPT: a. firms can gain new customers for their products b. foreign operations can absorb excess capacity, reduce unit costs, and spread economic risks over a wider number of markets c. foreign operations can allow firms to establish low-cost production facilities in locations close to raw materials and/or cheap labor d. foreign operations could be seized by nationalistic factions e. foreign operations may result in reduced tariffs, lower taxes, and favorable political treatment

20. Which of the following is a potential advantage of conducting international operations? a. competitors in foreign markets may not exist, or competition may be less intense than in domestic markets b. dealing with two or more monetary systems can complicate international business operations c. differing language, culture, and value systems can make communication difficult d. gaining an understanding of regional organizations is difficult but is often required in doing business internationally e. all of the above

21. ________ can enable firms to learn the technology, culture, and business practices of other people and to make contacts with potential customers, suppliers, creditors, and distributors in foreign countries. a. economies of scale b. joint ventures c. low-cost production facilities d. reduced tariffs e. domestic operations

22. A firm's power and prestige in domestic markets may be significantly enhanced if the firm competes globally: a. which can translate into improved negotiating power among important groups b. though this rarely results in a practical advantage c. but this can hurt its bargaining power with suppliers and distributors d. yet this does nothing to improve its position with creditors e. which can alienate the firm from its domestic creditors, suppliers, and distributors

23. All of the following are potential disadvantages to initiating, continuing, or expanding business across national borders EXCEPT: a. Firms confront different social, cultural, and political forces when doing business internationally, which can make communication in the firm difficult. b. Keeping informed about the number and nature of competitors is more difficult when doing business internationally. c. Foreign operations can absorb excess capacity, reduce unit costs, and spread economic risks over a wider number of markets. d. Dealing with two or more monetary systems can complicate international business operations. e. Foreign operations could be seized by nationalistic forces.

24. Strengths of competitors in foreign lands are often ________, and weaknesses are often ________. a. overestimated; overestimated b. overestimated; underestimated c. underestimated; underestimated d. underestimated; overestimated e. none of the above

25. In 2012, ________ African countries held democratic elections. a. 3 b. 13 c. 23 d. 31 e. 43