Question

1. Highlanders Co., based in Chicago, USA, is a manufacturer of sports equipment. Highlanders Co. relocates its data processing service to a company based in Mexico, while retaining control over the process. This process is known as _____.

offshoring

franchising

outsourcing

insourcing

dumping

2.

Identify a key aspect to consider in developing a code of ethics.

Ensure that employee group meetings are not carried out on a complete draft version.

Make certain that the headings of the code sections are broad and not easily understood by all sections.

Solicit input from employees from different departments, functions, and regions.

Ensure that specific U.S. laws and regulations or those of specific countries are referenced, particularly for codes that will be distributed to employees in multiple regions.

Inform employees that the code of ethics has to be very generic and should not take into account every situation.

3.

Within the concept of abusive behavior, _____ should be a consideration.

business ethics

intent

cultural norms

context

natural environment

4.

Which is one of the implications of trade deficits?

The import of more products

The success of businesses

The export of more services

A higher standard of living

The loss of jobs

5.

Among the major activities of business, which of the following is an element of management?

Personal selling

Product research

Acquiring resources

Promoting sales

Marketing activities

Answer 1

1. Offshoring

Explanation: In offshoring, a business process is relocated to another country and the company maintains control over it.