A Partially Completed Contingency Matrix for International Human Resource Management

question 43

Multiple Choice

A partially completed contingency matrix for international human resource management for labor relations shows that firms doing business in Germany should _____.

• A) treat unions as partners and allow time for negotiations.
• B) tap large pool of labor cities and be prepared that lax labor laws may become more stringent.
• C) be prepared for high wages and short workweek and expect high productivity from unionized workers.
• D) understand changing German labor law and prepare for increasing unionization of labor.

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Definitions:

Overly Optimistic

A tendency to expect the best possible outcome or overly positive scenarios without adequately considering potential risks and realistic challenges.

Business Plan

A detailed document outlining the strategy, goals, financials, and future projections of a business.

Understating Profits

The practice of reporting lower earnings than actually achieved, often for tax or strategic business reasons.

Break-Even Analysis

A calculation that determines when a business or project will be able to cover all its expenses and start generating profit, based on fixed and variable costs.