According to the Material in the Box Managing a Global

question 416

Multiple Choice

According to the material in the box Managing a Global Workforce, which of the following statements about working with employees from different countries is most accurate?

• A) The increasingly global nature of markets and the impact of television, movies, and the Internet on people's attitudes and perceptions have largely eliminated cultural differences between foreign and domestic workers.
• B) Currency rate differences and different laws with respect to fringe benefits, such as health insurance and time off, offer challenges for HR management.
• C) U.S. laws require American firms to hire, train, and pay employees in other countries the same way their U.S. employees are hired, trained, and paid.
• D) More often than not, American firms have found that cultural differences in other nations are so great that it is more efficient to staff key positions in foreign facilities with American workers rather than hire foreign workers.

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Definitions:

Economic Losses

The reduction in wealth or welfare due to factors such as poor investment decisions, market downturns, or natural disasters.

Short Run

A period in economics during which some resource inputs in a production process cannot be changed.

Profit-Maximizing

The process of adjusting production and pricing strategies to achieve the highest possible profit from business operations.

Marginal Revenue

The additional income produced from selling one more unit of a good or service.