Which Activity Is an Example of HRM Responding to the Challenge

question 4

Multiple Choice

Which activity is an example of HRM responding to the challenge of globalization?

• A) identifying capable expatriate managers
• B) containing staffing costs
• C) strictly defining jobs and the ways in which people must work
• D) matching compensation packages to those of the home office

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Definitions:

Average Variable Cost

The variable cost per unit of output, calculated by dividing total variable costs by the quantity of output produced.

Perfectly Competitive

Describes a market structure where numerous small firms compete against each other, and no single entity has market power to set the price of a homogeneous product.

Market Price

The price at which a good or service is offered in the marketplace, determined by supply and demand forces.

Marginal Cost

The increase in total cost that arises from producing an additional unit of output, reflecting the cost of producing one more unit.