"Slicing the Value Chain" Refers To

question 116

Multiple Choice

"Slicing the value chain" refers to:

• A) the practice of offshoring all activities with labor union representation at home.
• B) the transfer of activities that are more profitable when carried out in foreign nations.
• C) substituting capital for labor wherever possible.
• D) the transfer of activities that are less profitable when carried out in foreign nations.

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Definitions:

Guided Participation

A process where a more knowledgeable individual helps to structure activities in ways that allow less knowledgeable participants to engage in them more effectively.

Theory of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions, knowledge—to oneself and others, and to understand that others have beliefs, desires, and intentions that are different from one's own.

Apprenticeship

A system for training a new generation of practitioners of a trade or profession with on-the-job training and often some accompanying study (classroom work and reading).

Theory of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions—to oneself and to others.