The MNC Is Exposed to Country Risk When Unexpected Events

question 21

True/False

The MNC is exposed to country risk when unexpected events occur in a host country.

Identify and evaluate different types of formal controls in management and their impacts on marketing implementation.

Comprehend the function of organizational systems and processes in the day-to-day operation of firms.

Differentiate between various types of controls used by managers, including employee evaluation and compensation systems.

Recognize the role of informal controls in shaping employee behavior and their influence on marketing implementation.

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Definitions:

Differential Piece Rate

A compensation system where workers are paid based on the quantity of work produced, with rates that can vary depending on performance levels reached.

Standard Hour Plans

Compensation packages that offer wages based on the number of hours worked, adjusted by efficiency or predetermined standards.

Piecework Plans

A compensation system where employees are paid based on the quantity of work completed, rather than on the number of hours worked.

Incentive Pay

Financial or non-financial rewards given to employees based on their performance, as a way to motivate higher productivity and achieve company goals.