Fidelity Manufacturing Is Considering Expanding Its Operations into the Phillipines

question 49

Multiple Choice

Fidelity Manufacturing is considering expanding its operations into the Phillipines. A manager at Fidelity has the task of predicting political risk in the Phillipines. Which of the following approaches should the manager LEAST use to accomplish the task?

• A) analyzing the market share of competitors in the country
• B) analyzing the country's past political patterns and trends
• C) seeking and analyzing opinions of influential people in the country
• D) examining social and economic conditions within the country

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Definitions:

Time-consuming

Describes tasks or activities that require a considerable amount of time to complete.

Long-term Performance

An evaluation of an entity's performance, such as a business or investment, over an extended period of time to assess stability and growth.

Critical Incident Method

A job analysis method by which important job tasks are identified for job success

Recency Error

A bias in performance evaluations where more weight is given to recent events or achievements, overlooking the employee's overall performance period.