On Behalf of Your Firm, You Make Frequent Trips to Singapore

question 400

Multiple Choice

On behalf of your firm, you make frequent trips to Singapore. You notice that you always have to pay more dollars to get enough local currency to get your nails manicured than you have to pay to get manicured in the United States. This is

• A)inconsistent with purchasing-power parity, but might be explained by limited opportunities for arbitrage in manicuring across international borders.
• B)consistent with purchasing-power parity if prices in Hong Kong are rising more rapidly than prices in the United States.
• C)consistent with purchasing-power parity if prices in Hong Kong are rising less rapidly than prices in the United States.
• D)None of the above is correct.

Recognize the role of ethical leadership and the influence of supervisors on ethical culture.

Identify the impact of cultural diversity on ethical practices in the workplace.

Understand the challenges to ethical behavior due to organizational restructuring, cutbacks, and layoffs.

Grasp the importance of understanding cultural differences in establishing ethical practices.

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Definitions:

Technological Innovations

Developments and advancements in technology that introduce new methods, ideas, or products.

Skyscraper

A very tall building of many stories, typically found in urban centers.

Immigrants

People who move from one country to another with the intention of settling permanently in the new country, contributing to its demographic, cultural, and economic aspects.

19th Century

The period from January 1, 1801, to December 31, 1900, marked by significant industrial, political, and cultural changes globally.