According to the Material in the Box Managing a Global

question 416

Multiple Choice

According to the material in the box Managing a Global Workforce, which of the following statements about working with employees from different countries is most accurate?

• A) The increasingly global nature of markets and the impact of television, movies, and the Internet on people's attitudes and perceptions have largely eliminated cultural differences between foreign and domestic workers.
• B) Currency rate differences and different laws with respect to fringe benefits, such as health insurance and time off, offer challenges for HR management.
• C) U.S. laws require American firms to hire, train, and pay employees in other countries the same way their U.S. employees are hired, trained, and paid.
• D) More often than not, American firms have found that cultural differences in other nations are so great that it is more efficient to staff key positions in foreign facilities with American workers rather than hire foreign workers.

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Definitions:

Indicator Variables

Variables used in statistical models to represent categorical data by assigning a numerical value, typically 0 or 1, to each category.

Regression Equation

An equation that describes the relationship between a dependent variable and one or more independent variables.

Two-Day Revenues

The total amount of money earned or received by a business or entity over a period of two days.

Daily Indexes

Financial indicators that track the performance of a portfolio of selected stocks or assets, recalculated daily.