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Patrick just completed the performance appraisals of three new statisticians.On the company's 4-point grading scale,the average score for the three statisticians was 3.0.The average of all statisticians in the organization was 3.5.The new recruits' __________ was 14 percent below average.
Global Sourcing
Global sourcing involves procuring goods or services from suppliers located in different countries around the world to take advantage of lower costs, unique capabilities, or other strategic benefits.
International Wage Gaps
The disparities in income levels for similar jobs across different countries.
Foreign Direct Investment
An investment made by a company or individual in one country in business interests in another country, in the form of establishing operations or acquiring business assets in the other country.
Joint Venture
A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.
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