Three Economic Issues That a Global Manager Might Need to Understand

question 11

Multiple Choice

Three economic issues that a global manager might need to understand include ________.

• A)tax policies,political stability,and cultural differences
• B)tax policies,employment laws,and cultural differences
• C)employment laws,currency exchange rates,and political stability
• D)currency exchange rates,inflation rates,and tax policies

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Definitions:

Comparable-Worth Policy

A principle in employment compensation that argues for equal pay for work of equivalent value, regardless of the job or employee's gender.

Economic Disadvantage

A condition where individuals, groups, or regions lack equal access to economic resources and opportunities, often leading to poverty and inequality.

Minimum Wage

The lowest amount that employers may pay under federal or state law, stated as an amount of pay per hour.

Social Policy

Policies and principles aimed at improving the welfare and quality of life for the population, typically in areas such as health, education, and social security.