FINANCE 6644 Global Financial Strategy Final Exam Answers

Questions

1.Ethical Standards

a. Can a multinational firm adopt varying ethical standards [such as with regard to product safety (Pinto), employee benefits (Nike) and "kickbacks" to win business (HP)] in its global operations? Why or Why Not? Discuss in depth based on the goals of multinational corporations? (Be sure to identify the merits and demerits/pitfalls for both options).

According to the ethical code, the multinational firms should apply the global standards and ethical practice in their businesses. Ethical standard defined the principles of right & wrong. Ethics includes liability, responsibility and accountability. The ethical code & professional code of conduct prescribed for the each profession of...