Question

Abiding by a foreign country's cultural norms during an international business transaction means a company has met a minimum standard for acting ethically. a. True b. False

Answer 1

False.

Step-by-step explanation:

Ethics is defined as generally accepted beliefs of what is right and wrong. When a person does not comply with accepted ethics the person is considered to lack moral standards and values.

In this instance abiding by a foreign country's cultural norms during an international business transaction is more of becoming a cultural fit during the transaction.

This does not involveeeting a minimum standard of right or wrong, so it is not related to ethics.

Answer 2

B) False

Step-by-step explanation:

A US company might follow all the cultural norms of a foreign country and might still be breaking the law, at least US laws. Since compliance with the law is referred to as moral minimum, you cannot be ethical if your behavior is not moral.

For example, handing out gifts to government officials may be consider normal in other countries, but the Foreign Corrupt Practices Act of 1977 (FCPA) states that you can go to jail for it.