Identify and State the Historical Significance of the Following

question 32

Essay

Identify and state the historical significance of the following:
-French Revolution

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Definitions:

Codetermination

A practice where workers participate in the management of a company through representation on its board or committees.

United States

A country composed of 50 states, a federal district, five major self-governing territories, and various possessions, known for its significant influence on global politics, economy, and culture.

Localization

Adapting pay and other compensation benefits to match those of a particular country.

Balance Sheet Approach

A method used in international human resources that is focused on equalizing the cost differences for employees on international assignments to ensure their purchasing power is maintained across different countries.