which of the following best exemplifies the trend toward globalization?

A. high-tech companies have research labs, development centers, and call centers in emerging markets like China and India. These markets give them the benefits of cost-effective services, a qualified workforce, and competitive pricing.

B. The risks of starting a new business and investing in new products are lowered as a result of better systems and processes, which help professionals make better choices.

C. Shareholders, especially investors who have large stakes in the company, are now involved and active in affecting the way that a corporation is managed.

Which of the following is/are emphasized in business ethics? Check all that apply

1. product safety

2. community involvement

3. employment policy

4. capital budgeting policy

Most executives believe that they and their firms behave in an ethical manner and that it is in their best interests to do so. How can a firm's ethical conduct increase its long-term profitability?

A. Good ethics programs are developed from the bottom of the organization up to the firm's leadership. This is because lower-level workers do all the actual work and are in the best position to specify the rules of how the work should be conducted.

B. ethical corporate behavior attracts customers, employees, and communities who appreciate and support-being treated ethically.

Ethics deals with questions of right or wrong behavior. Which of the following behaviors involves ethical-as opposed to unethical-decision making?

A. While interviewing prospective applicants for a manager-trainee position, the company's recruiter makes sexually suggestive remarks to the applicants and recommends hiring only the good-looking candidates.

B. While considering the purchase of an expensive piece of equipment, a firm's purchasing manager recommends that the purchase be made from his cousin's firm rather than from one of two other vendors offering the identical equipment at lower prices.

C. While ridingin a taxi, a loan officer with the firth county bankfinds a briefcase containing the confidential and proprietary lending policies of a competing bank. Instead of returning the briefcase, she keeps the competing bank's information and distributes it at the next loan application review meeting.

D. While planning for an upcoming company audit, a manager insists on hiring an external auditing firm to audit the company's financial statement.

In 2002, in response to an outbreak of corporate scandals and unethical financial and accounting behavior, Congress passed the Sarbanes-Oxley Act. Which of the following is a major provision of this legislation?

A. A publicly traded corporation must hire an external auditing firm to render an unbiased and independent opinion regarding the firm's financial statements.

B. A publicly traded corporation must have a board of directors composed solely of inside directors to oversee the firm's annual audit, because insiders know best about how the company does its business.