Widget Corp

question 8

Multiple Choice

Widget Corp.,a technological firm based in the U.S.,mainly relies on staffing its employees from the U.S.for its operations.It adopts the same approach in staffing the top positions of its foreign subsidiaries as they have perfect understanding of the norms and cultures of the parent company.In this case,Widget Corp.follows a(n) _____ in staffing.

• A) ethnocentric approach
• B) polycentric approach
• C) geocentric approach
• D) acrocentric approach

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Definitions:

Nominal Income

The amount of money earned in current dollars, not adjusted for inflation.

Revealed Preference

A theory that deduces preferences of consumers by observing their choices and behaviors rather than their stated preferences.

Inflation Level

The pace at which the average price level of goods and services ascends, diminishing the value of money.

Base Year

A specific year against which economic or financial data is measured and compared.