Tim Garner Owns and Operates His Own Small Automobile Repair

question 140

Multiple Choice

Tim Garner owns and operates his own small automobile repair shop.However, the prices he can charge are fixed, and he rents his land and building from the government.Most of his friends work for industries owned by the government.Tim's country is most likely a(n) ____ economy.

• A) market
• B) communist
• C) socialist
• D) industrialised
• E) Capitalist

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Definitions:

Human Resources Management (HRM)

The strategic approach to the effective management of people in an organization, ensuring their contribution towards the achievement of the organization's goals.

Geocentric Company

A business that adopts a global approach in its operations and personnel practices, ignoring national boundaries.

Domestic Perspective

Views or analysis coming from or related to one's own country or the internal affairs of a company.

Expatriate Manager

A manager who is working in a country other than their own, often sent by their employer to manage an overseas office.