Scenario - Symon Enterprises

question 48

Multiple Choice

Scenario - Symon Enterprises
Symon Enterprises is an international construction company with global offices in twenty foreign markets around the world. Symon currently has over 15,000 employees around the world. The company has an excellent record as being an employer of choice. It recently was voted the number three company to work for in the world by Forbes Magazine.
Symon Enterprises has become very adept at effectively handling its human resources even though there are vast differences in the various countries it services. The company attributes its HR success to the expertise of its HR directors. Symon's practice has always been to hire human resource managers and directors from the country where they will
-When Symon Enterprises has work to be performed within a country where workers prefer clear rules and guidelines to follow, it can be stated that the company is most likely working within which one of the following Hofstede's cultural dimensions?

• A) Individualism
• B) Power distance
• C) Uncertainty avoidance
• D) Short-term orientation
• E) Masculine dimension

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Definitions:

Price

The amount of money required to purchase a good or service; determined by factors such as demand, supply, and production cost.

Shutdown Point

The lowest point on the average variable cost curve. When price falls below the minimum point on AVC, total revenue is insufficient to cover variable costs and the firm will shut down and bear losses equal to fixed costs.

Farmer

An individual engaged in agriculture, raising living organisms for food or raw materials, typically leading the operation of farms or animal husbandry.

Price

The amount of money required to purchase a good or service.