In the Context of Key Human Resource Practices in Multinationals

question 25

Multiple Choice

In the context of key human resource practices in multinationals, which of the following activities is involved in development and training?

• A) Workforce planning
• B) Goal setting
• C) Succession planning
• D) Performance measurement

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Definitions:

Property Rights

The theoretical and legal ownership rights assigned to the use, control, and transfer of property, which can be applied to both physical and intellectual properties.

Central Planning

An economic system where decisions regarding production and investment are embodied in a comprehensive plan formulated by a central authority, typically the government.

Laissez-faire

Laissez-faire is an economic philosophy advocating minimal government intervention in the business affairs of private individuals and enterprises.

Command Economies

Economic systems where the government or central authority controls all major aspects of production and distribution of goods and services.