1. Look through the sentences and decide which of them are True(t), False (f) or Not Stated (n).

1. International business ethics deals with issues of what to do in situations where ethical morals are in conflict as a result of the different cultures.

2. Every year a special conference on business ethics takes place in the USA.

3. People in favor of notbehaving according to socially accepted morals of the host country follow the principle: When in Rome, do as the Romans do.

4. The United Nations Global Compact encourages business everywhere to respect and honor only host country ethics.

5. Other moral ground theories vote for different lists of ethical practices for corporations conducting business in low-developed countries.

6. With all good intentions, there are problems with the reality of competition.

7. Respect for moral norms and local cultures doesn`t have to reflect culture's concept of justice.

8. The western ethics is more likely to be acceptable as a universal.

9. Rich nations frequently outsource their services to poor and developing nations by a lower price.

10. Small business has no problems at the international arena.

2. Match the headings a- j with eight paragraphs from the text. There are 2 extra headings.

1. Home small business concerns.

2. Business ethics helps avoiding problems.

3. Competitors will be friends.

4. The importance of rules.

5. Two sides of the same coin.

6. A guide fot international business ethics.

7. Say “goodbye” to competition.

8. Providing labour for poor countries.

9. The increasing worry.

10. When in Rome, do as Romans do.

3. Use definitions and clues below to find words from the text.

1. d_ _ _ _ _ a: a situation in which a difficult choice has to be made between two different things you could do.

2. m_ _ _ _n_ _ _ _ _ _l:involving several different countries, or (of a business) producing and selling goods in several different countries.

3. e_ _ _ _ s: the basic concepts and fundamental principles of right human conduct.

4. e_ _ _ _ _ _te: the set of rules or customs which control accepted behaviour in particular social groups or social situations.

5. a_ _ _ _: departure from correct, legal, proper, or reasonable use; misuse.

6. h_ _ _ n r_ _ _ _ _: the basic rights which it is generally considered all people should have, such as justice and the freedom to say what you think.

7. b_ _ _ _ _ _: money or a present that you give to someone so that they will do something for you, usually something dishonest.

8. c_ _ r_ _ _ _ n: wrongdoing on the part of an authority or powerful party through means that are illegitimate, immoral, or incompatible with ethical standards.

9. t_ _ _ _a_ _ _ _ n: when someone buys or sells something, or when money is exchanged.

10. o_ _ _ _ _ ce: the contracting or subcontracting of noncore activities to free up cash, personnel, time, and facilities for activities in which a company holds competitive advantage.