{"id":2941,"date":"2023-02-19T16:11:10","date_gmt":"2023-02-19T16:11:10","guid":{"rendered":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/chapter\/learn-it-6-4-ethics-in-the-global-environment\/"},"modified":"2023-06-27T16:40:29","modified_gmt":"2023-06-27T16:40:29","slug":"learn-it-6-4-ethics-in-the-global-environment","status":"publish","type":"chapter","link":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/chapter\/learn-it-6-4-ethics-in-the-global-environment\/","title":{"raw":"Apply It 6.4: Ethics in the Global Environment","rendered":"Apply It 6.4: Ethics in the Global Environment"},"content":{"raw":"<section class=\"textbox learningGoals\">\r\n<ul>\r\n \t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand ethical challenges for business in a global environment&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand ethical challenges for business in a global environment<\/span><\/li>\r\n \t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Summarize the Foreign Corrupt Practices Act&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Summarize the Foreign Corrupt Practices Act<\/span><\/li>\r\n \t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand what a sweatshop is&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:13057,&quot;3&quot;:{&quot;1&quot;:0},&quot;11&quot;:4,&quot;12&quot;:0,&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand what a sweatshop is<\/span><\/li>\r\n<\/ul>\r\n<\/section><section class=\"textbox linkToLearning\">\r\n<h2>Foreign Corrupt Practices Act (FCPA) Enforcement<\/h2>\r\nTake a look at the <a href=\"https:\/\/www.sec.gov\/enforce\/sec-enforcement-actions-fcpa-cases\">list of companies<\/a> that the U.S. Securities and Exchange Commission has prosecuted for violations of the FCPA.\r\n\r\nAre the penalties enough to deter future violations?\r\n[reveal-answer q=\"137715\"]Click to Show Sample Answer[\/reveal-answer]\r\n[hidden-answer a=\"137715\"]Some of the penalties certainly seem significant. For example, Honeywell paid over $81 million and Goldman Sachs paid more than $1 billion to settle charges of violating the anti-bribery, books and records, and internal accounting controls of the FCPA. But whether those fines are significant depends on the companies' overall profits.[footnote]SEC.gov. \u201cSEC Enforcement Actions: FCPA Cases.\u201d Accessed April 21, 2023. https:\/\/www.sec.gov\/enforce\/sec-enforcement-actions-fcpa-cases[\/footnote][\/hidden-answer]\r\n\r\n<\/section>&nbsp;","rendered":"<section class=\"textbox learningGoals\">\n<ul>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand ethical challenges for business in a global environment&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand ethical challenges for business in a global environment<\/span><\/li>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Summarize the Foreign Corrupt Practices Act&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Summarize the Foreign Corrupt Practices Act<\/span><\/li>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand what a sweatshop is&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:13057,&quot;3&quot;:{&quot;1&quot;:0},&quot;11&quot;:4,&quot;12&quot;:0,&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand what a sweatshop is<\/span><\/li>\n<\/ul>\n<\/section>\n<section class=\"textbox linkToLearning\">\n<h2>Foreign Corrupt Practices Act (FCPA) Enforcement<\/h2>\n<p>Take a look at the <a href=\"https:\/\/www.sec.gov\/enforce\/sec-enforcement-actions-fcpa-cases\">list of companies<\/a> that the U.S. Securities and Exchange Commission has prosecuted for violations of the FCPA.<\/p>\n<p>Are the penalties enough to deter future violations?<\/p>\n<div class=\"qa-wrapper\" style=\"display: block\"><button class=\"show-answer show-answer-button collapsed\" data-target=\"q137715\">Click to Show Sample Answer<\/button><\/p>\n<div id=\"q137715\" class=\"hidden-answer\" style=\"display: none\">Some of the penalties certainly seem significant. For example, Honeywell paid over $81 million and Goldman Sachs paid more than $1 billion to settle charges of violating the anti-bribery, books and records, and internal accounting controls of the FCPA. But whether those fines are significant depends on the companies&#8217; overall profits.<a class=\"footnote\" title=\"SEC.gov. \u201cSEC Enforcement Actions: FCPA Cases.\u201d Accessed April 21, 2023. https:\/\/www.sec.gov\/enforce\/sec-enforcement-actions-fcpa-cases\" id=\"return-footnote-2941-1\" href=\"#footnote-2941-1\" aria-label=\"Footnote 1\"><sup class=\"footnote\">[1]<\/sup><\/a><\/div>\n<\/div>\n<\/section>\n<p>&nbsp;<\/p>\n<hr class=\"before-footnotes clear\" \/><div class=\"footnotes\"><ol><li id=\"footnote-2941-1\">SEC.gov. \u201cSEC Enforcement Actions: FCPA Cases.\u201d Accessed April 21, 2023. https:\/\/www.sec.gov\/enforce\/sec-enforcement-actions-fcpa-cases <a href=\"#return-footnote-2941-1\" class=\"return-footnote\" aria-label=\"Return to footnote 1\">&crarr;<\/a><\/li><\/ol><\/div>","protected":false},"author":21,"menu_order":25,"template":"","meta":{"_candela_citation":"[]","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"part":2916,"module-header":"apply_it","content_attributions":[],"internal_book_links":[],"video_content":null,"cc_video_embed_content":{"cc_scripts":"","media_targets":[]},"try_it_collection":null,"_links":{"self":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/2941"}],"collection":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/users\/21"}],"version-history":[{"count":3,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/2941\/revisions"}],"predecessor-version":[{"id":5627,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/2941\/revisions\/5627"}],"part":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/parts\/2916"}],"metadata":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/2941\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/media?parent=2941"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapter-type?post=2941"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/contributor?post=2941"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/license?post=2941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}