PHI 445 Week 3 Quiz ~ ( Latest Syllabus - Updated Feb, 2015 - Perfect Tutorial - Scored 100% )

 Question 1.Karen is transferred to Japan. Her boss tells Karen that, to be an effective representative of the parent company, she should: 

•   refer to Japanese as "the people who lost World War Two."   
•   treat Japanese traditions and values with respect.   
•   explain that American values have been shown to be superior.   
•   see what profit can be made by pretending to respect the Japanese.

Question 2.Because of political turmoil in the Mideast, some gas stations have raised their prices by 30%, even though there has been no change in the supply of petroleum. This could be viewed as:

•   insider trading.   
•   price gouging.   
•   a violation of GAAP.   
•   a strategy recommended by the IFRS.

Question 3.An ethical objection to using child labor is that such labor: 

•   decreases profit margins.   
•   interferes with educational opportunities.   
•   prevents adequate debt leveraging.   
•   demonstrates children are inferior to adults.

Question 4.Critics of multinational corporations that locate offices in other countries sometimes complain that such corporations:

•   generate too many opportunities for the native population.   
•   exploit the native population and violate local traditions.   
•   force American managers to learn another language.   
•   distort market mechanisms and price signals.   

Question 5.A company that is located in Mexico, just across the border from Texas, may seek to minimize its levels of pollution because: 

•   it may damage the company's reputation.   
•   it may affect others in Mexico and thus impose a social cost.   
•   it may affect others in the US and thus impose a social cost.   
•   all of the above.   

Question 6.A corporation can increase opportunities in other countries by:

•   using as much child labor as possible.   
•   bribing any government official who asks for a bribe.   
•   seeking short term profit above all else.   
•   setting up schools for young people.

Question 7.John lives in China, and buys his software from a vendor on the street, and pays about a third as much as he would from an American dealer. Chances are by doing so, John supports:

•   intellectual lassitude.   
•   the American work ethic.   
•   intellectual piracy.   
•   Pareto optimality.   

Question 8.A U.S. Senator owns stock in a company that will be affected by a law that, if passed, will lower the profits of that company. This Senator could be said to have a/an: 

•   equilibrium deficit.   
•   conflict of interference.   
•   conflict of interest.   
•   optimal hedge strategy.   

Question 9.When prices rise due to increased demand or decreased supply, this shows:

•   that prices reflect the supply-demand relationship.   
•   anyone who sells anything is a thief.   
•   that usury laws are traditionally problematic for Christians.   
•   that consumers never have enough information for a rational decision.   

Question 10.A defender of the free market would minimize regulations dealing with corporate takeovers because: 

•   no corporations are worth taking over.   
•   insiders know better which companies should be taken over.   
•   takeovers are a standard part of how the market evaluates companies.   
•   the only kind of effective corporate takeovers always require fraud being committed.