What Guidelines Should MNCs Must Be Aware of While Doing

question 6

Essay

What guidelines should MNCs must be aware of while doing business in China?

Recognize the steps involved in designing and evaluating training and development programs.

Differentiate between internal and external recruiting methods and their implications.

Describe selection techniques and their effectiveness in predicting job performance.

Identify legal considerations in the hiring process.

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Definitions:

Activity Allocations

This refers to the process of assigning costs to specific cost objects based on their use of activities, often used in management accounting for better cost control.

Single Plantwide Factory Overhead Rate

A costing method where a single overhead rate is applied to all units produced, regardless of the department in which they were manufactured.

Production Departments

Specific departments within a manufacturing facility focused on producing goods, often involving assembly lines or production teams.

Manufacturing Processes

A set of methods and procedures used in the transformation of raw materials into finished goods or products.