MNEs That Subscribe to the Labor Standards Advocated by the United

question 24

Multiple Choice

MNEs that subscribe to the Labor Standards advocated by the United Nations' Global Compact could be expected to do each of the following except

• A) prohibit any children from being employed by the company.
• B) prohibit unruly or militant employees from trying to convince other employees to join a labor union.
• C) prohibit workplace discrimination.
• D) prohibit managers from engaging unemployed individuals in compulsory labor.

---

Definitions:

Utility Function

A mathematical representation of how different combinations of goods or services produce levels of happiness or satisfaction for an individual or entity.

Pareto Optimal

A state of allocation of resources in which it is impossible to make any individual better off without making at least one individual worse off, indicating an efficient distribution of goods and resources.

Endowment

The total resources available to an individual or institution, including assets, capabilities, and financial means.

General Equilibrium Analysis

A method in economics that attempts to understand how supply and demand interact across multiple markets simultaneously, and how they reach a state of balance.