Identify the Incorrect Statement Regarding Ethical Issues in International Business

question 26

Multiple Choice

Identify the incorrect statement regarding ethical issues in international business.

• A)They are often rooted in the fact that political systems,law,economic development,and culture of nations vary significantly.
• B)Human rights and environmental regulations are some of the common ethical issues.
• C)Ethical practices of all nations are similar in nature.
• D)Managers in multinational firms need to be particularly sensitive to differences in business practices because they work across national borders.

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Definitions:

Implied Ratification

The tacit approval or acceptance of an act by behaving in a manner that assumes the act was properly authorized.

License

A permit from an authority to own or use something, do a particular thing, or carry on a trade.

Certain Professions

Specific occupations that require specialized education, skills, or certifications, often regulated by professional bodies or laws.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.