In the Context of Competing in the Global Economy, Globalization

question 10

Multiple Choice

In the context of competing in the global economy, globalization suggests that the:​

• A)​presence of a uniform workforce curtails competition.
• B)world is divided by borders and diverse cultures.​
• C)world is free from national boundaries and is borderless.​
• D)organization's nationality is held strongly in consciousness.​

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Definitions:

Discrimination

Unfair treatment of individuals based on race, gender, age, or other characteristics rather than on merit or qualifications.

Compensating Differential

Additional wage or benefit that compensates workers for unpleasant aspects of a job, such as risks or undesirable location.

Nonmonetary Characteristics

Aspects of a job or employment that are not related to the salary or wages. These include working conditions, job security, work-life balance, and other benefits.

Wages

The compensation paid to employees for their labor, typically calculated as an hourly rate or fixed salary.