Business Ethics Chapter 10

Overview Of Chapter 10 From The Textbook "Business Ethics: Ethical Decision Making And Cases"

Flashcard Set Preview

Side ASide B
Self-reference criterion
  • the unconscious reference to one’s own cultural values,...
the practice of charging high prices for products sold in domestic markets while selling the same products in foreign markets at low prices, often below the costs of exporting them—is...
consists of everything in our surroundings that is made by people—both tangible items and intangible things like concepts and values. Ex: language, religion, law, politics, technology,...
Cultural relativism
the concept that morality varies from one culture to another and that business practices are therefore differentially defined as right or wrong by particular cultures.
Multinational corporation
public companies that operate on a global scale without significant ties to any one nation or region. They represent the highest level of international business commitment and are characterized...
Price discrimination
when a firm changes different prices to different groups of customers. Differential pricing is legal if it does not substantially reduce competition or if it can be justified on...
cost of transportation, taxes, tariffs, and other expenses are increased beyond the level they’re needed to meet the cost of these additional costs.
Facilitating payment
giving bribes
Foreign corrupt practices act
prohibits U.S. companies from offering or providing payments to officials of foreign governments for the purpose of obtaining or retaining business abroad
Omnibus trade and competitiveness act
reduced FCPA legislation in certain areas and repealed the Eckhardt amendment, which prevented senior managers from using agents or employees as scapegoats when bribes were given. Ot...
Money laundering
consists of using or transferring illegally received funds in a financial transaction in order to conceal their source of ownership or to facilitate an illegal activity.
Intellectual property
refers to the ideas and creative materials that individuals develop to solve problems, to carry out applications, and to educate or entertain others.
World trade organization
established in 1995, 133 members, 33 nations applied for membership and hold observer status. WTO administers its own trade agreements, facilitates future trade negotiations, settles...

Upgrade and get a lot more done!