18- if a host society adopts slavery than an international manager should do the same. This is an example of which approach

Select one:

a. Cultural relativism

b. Kantian

c. Friedman Doctrine

d. Righteous

20- Which theory of ethics argues that the only responsibility of business is to increase profit

21- When an oil company looks at both the damage occurred to the eco-system of drilling oil in Alaska and the additional profit from drilling oil, then they are adopting

Select one:

a.

Cultural morality

b.

Naive approach

c.

Utilitarian approach

d.

Right approach

25- A shift in international trade caused by one nation giving trade preferences to another is called

a.

Trade creation.

b.

A participating trade agreement.

c.

Trade deflection.

d.

Trade diversion.

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Question 26

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Tariffs lead to all of the following EXCEPT:

a.

Increase government revenues.

b.

Increase cost of imported foreign goods.

c.

Protect domestic producers.

d.

Consumers can enjoy better quality products.

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A company's statement of ethical rules is called

Select one:

a.

Mission statement

b.

Code of values

c.

Vision statement

d.

Code of ethics

28-If a manager does what is mandated by law of the host country and does what is required to run business efficiently, then he is following which approach:

Select one:

a.

Naive approach

b.

Right approach

c.

Utilitarian approach

d.

Friedman doctrine

30- government can intervene in International Trade through its increase of its spending and or reduce taxes.

Select one:

True

False