The term race to the bottom refers

Question

Question 1: The term "race to the bottom" refers to:

• Seeking to mine rich minerals from the bottom of the ocean.
• Moving production jobs to the country with the lowest labor cost.
• Efforts to deconstruct the assembly process in manufacturing industries.
• An old concept of globalization ta is no longer relevant.

Question 2: Single-party rule by communist parties still remains in:

• Lithuania.
• Vietnam.
• Thailand.
• Russia.

Question 3: A society where economic power is concentrated in the hands of government officials and political authorities is called:

• A central state control system.
• A social democracy.
• A political control system.
• A military dictatorship.

Question 4: Technological innovation has aided the spread of globalization by:

• Building advanced technologies that can be sold in the global marketplace.
• Building advanced technologies that can be bought in the global marketplace.
• Leveling the playing field and allowing all to participate on an equal footing in global commerce.
• Building advanced technologies that can be sold in the domestic marketplace.

Question 5: A critic of globalization might argue that companies decide to manufacture in China mainly because of China's:

• Strict law enforcement.
• High environmental standards.
• Weak health and safety regulations.
• Strong worker unions.

Question 6: A firm that would like to develop a global supply chain would:

• Manufacture components or supplies in other countries.
• Sell raw materials, components or supplies produced at home abroad.
• Purchase raw materials, components, or supplies from sellers in other countries.
• Check products that were manufactured abroad for defects in their home country.

Question 7: The three strategies of globalization can be summarized using what three words?

• Channels, operations, and chains.
• Export, locate, and purchase.
• Sell, make, and buy.
• Ethics, import, and sell.

Question 8: A firm that has global operations has:

• All of their manufacturing and service operations abroad.
• Some or all of their manufacturing or service operations abroad.
• Manufacturing but not service operations abroad.
• Service but not manufacturing operations abroad.

Question 9: The loan policies of the World Bank:

• Are generous to developing countries seeking to expand their educational systems.
• Impose strict restrictions on debtor countries which can sometimes lead to hardship.
• Are generally only available to rich nations.
• Are open to any company conducting business abroad.

Question 10: The richest 1 percent of the people in the world receives as much income annually as:

• The wealthiest 5 percent.
• 100 percent of the middle class.
• The poorest 99 percent.
• The poorest 57 percent.

Question 11: An example of a Global Action Network, or GAN, is:

• The World Trade Organization.
• Nongovernmental organizations.
• The Kimberley Process.
• The Heritage Foundation.

Question 12: Representation on the World Bank's board of directors is based on:

• The size of the member nation's population.
• The size of the member nation's economy.
• The size of the member nation's land mass.
• Equal representation of all member nations.

Question 13: What U.S. company is the best example of using globalization to reduce the price of its products?

• K-Mart.
• Toys R Us.
• Walmart.
• Macy's.

Question 14: The purpose of the World Trade Organization is to:

• Impose barriers to free trade among nations.
• Eliminate barriers to free trade among nations.
• Develop trading partnerships between rich and poor nations.
• Decrease globalization and free trade.

Question 15: Global market channels involve a firm producing goods in:

• Their home country and exporting them to other countries.
• Their home country to sell at home.
• A foreign country to sell at home.
• A foreign country to sell abroad.

Question 16: BSR (formerly Business for Social Responsibility) helps its 300 member companies:

• Lobby Congress for socially responsible legislation.
• Discover tax shelters for social program expenditures.
• Conduct social audits.
• Develop sustainable business strategies.

Question 17: The Ronald McDonald House charity, operated by McDonald's has been criticized for:

Question 18: The Universal Declaration of Human Rights states that each person:

• Has a right to life, liberty and the pursuit of happiness.
• Is created equal in the eyes of the government.
• Has the right to a standard of living adequate for the health and well-being of himself and of his family.
• Has the right to a standard of living that meets each countries' minimum wage law.

Question 19: Which of the following organizations have developed standards to judge corporate performance?

• International Organisation for Standards.
• Global Development Initiative.
• Institute of Accountability.
• Heritage Foundation.

Question 20: According to the scholar Simon Zadek six benefits of social audits include all of the following except.

• Helping businesses know what is happening within their firm.
• Understanding what stakeholders think about and want from the business.
• Strengthen the loyalty and commitment of stakeholders.
• Outperforming competitors financially in a businesses' industry.

Question 21: This Switzerland-based pharmaceutical firm was an early adopter of the Global Compact and used it to update its code of conduct.

• Novartis.
• Bayer.
• Johnson & Johnson.
• The Gap.

Question 22: Which of the following is not a motivation for publishing a corporate social report?

• Ethical concerns.
• Economic considerations.
• Stakeholder engagement.
• Avoiding transparency.

Question 23: A systematic evaluation of an organization's social, ethical, and environmental performance is called a(n):

• Corporate social responsibility review.
• Stakeholder audit.
• Independent social review.
• Social audit.

Question 24: The primary purpose of the International Monetary Fund is to:

Question 25: According to a survey conducted by The Economist in 2008, how many respondents say corporate citizenship can help increase their companies' profits?
Question 26: Financial, social and environmental results are reported together in a firm's:

• Financial reports if a publicly traded firm.
• Code of business conduct.
• Triple bottom line report.
• Employee newsletter.

Question 27: When a company puts its commitment to social and environmental responsibility into practice worldwide, not only locally or regionally it is called:

• Corporate Social Responsibility.
• Global Sustainability.
• Global Corporate Citizenship.
• Community Investing.

Question 28: According to Philip H. Mirvis' and Bradley K. Googins' model, how many stages are there of global corporate citizenship?

• Three.
• Five.
• Seven.
• Twelve.

Question 29: Some companies have created a department of corporate citizenship to:

• Adopt the United Nations' Global Compact Principles.
• Decentralize under common leadership wide-ranging corporate citizenship functions.
• Centralize under common leadership wide-ranging corporate citizenship functions.
• Narrow the job of the public relations office.

Question 30: The emerging trend in gathering audit information directly from workers using their mobile phones is called:

• Network-sourcing.
• Crowd-sourcing.
• Social networking.
• Mobile auditing.