According to the Naive Immoralist

question 85

Multiple Choice

According to the naive immoralist,

• A) a multinational's home-country standards of ethics are the appropriate ones for companies to follow in foreign countries.
• B) the social responsibility of business is to increase profits, so long as the company stays within the rules of law.
• C) ethics are nothing more than the reflection of a culture.
• D) if firms in a host nation do not follow ethical norms then the manager of a multinational should not follow ethical norms there either.

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Definitions:

Balance Sheet

The balance sheet offers a momentary view of a company's financial status at a certain time, detailing its assets, liabilities, and equity held by shareholders.

Selected Accounts

Selected accounts are specific accounts chosen for review or analysis, often for the purpose of financial reporting or audit.

Owner's Equity

The residual interest in the assets of the enterprise after deducting liabilities, essentially the net worth of the company attributable to the owners.

Liabilities

Financial obligations or debts that a company owes to others, such as loans, accounts payable, and mortgages.