Axis Partners,a Canadian Mutual Fund,recently Expanded Its Operations by Opening

question 27

Multiple Choice

Axis Partners,a Canadian mutual fund,recently expanded its operations by opening a branch in Shanghai,China,to handle market analysis.The company used an integration strategy for staffing its new office.Entry-level positions in Shanghai were filled by recruiting graduates from local campuses.However,they soon realized that this strategy was not as successful in China as it was in Canada.Which of the following,if true,could explain the reason for this?

• A)Employee turnover rates in the financial services industry in China is one of the lowest in the world.
• B)The employees in Shanghai were being paid less than their counterparts in Canada.
• C)Some of its successful competitors in China use a differentiation strategy.
• D)Few students in Shanghai chose finance as their subject of specialization.

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Definitions:

Racial Groups

Categories of humans identified by shared physical or social qualities into groups considered distinct by society.

Financial Pressures

Situations or conditions that create a strain or stress on one's financial resources, often leading to difficult economic decisions or problems.

Emotional Conflicts

Internal struggles resulting from competing desires, obligations, or needs that affect an individual's emotional state and decision-making abilities.

Arlie Hochschild

A sociologist known for her work on the emotional labor concept and exploring how modern work impacts family life and personal emotions.