Which of the Following Statements About the International Side of Ethics

question 56

Multiple Choice

Which of the following statements about the international side of ethics is true?

• A)A salesperson competing in a foreign country will NOT find him or herself competing with foreign companies who are allowed to do things considered unethical by Canadian standards.
• B)Those parts of the world that don't conform to Canadian ethical standards are limited to just three geographic areas.
• C)The vast majority of international companies do NOT have high ethical standards.
• D)Ethics related to employees and community are never difficult to understand when doing business in another country.
• E)None of these statements are true.

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Definitions:

Call Option

An agreement in finance which allows the purchaser to have the option, but not the commitment, to purchase a certain amount of a specific asset at a pre-agreed price during a fixed period.

Specified Price

A predetermined price set in a contract or agreement, often related to sales or financial instruments.

Perfect-Hedging

A risk management strategy that completely eliminates the risk associated with an investment by taking an equal but opposite position in the derivatives market.

Hedging

A risk management strategy used to offset potential losses or gains in an investment by taking an opposite position in a related asset.