Agreements Like NAFTA and CAFTA

question 41

Multiple Choice

Agreements like NAFTA and CAFTA:

• A)Not only reduce barriers to trade but also require additional domestic legal and business reforms in developing nations to protect property rights
• B)Do not include supplemental commitments on labor and the environment to encourage countries to upgrade their working conditions and environmental protections like the FTAA
• C)Rely exclusively on MNCs exporting or setting up operations locally rather than buying out a domestic firm
• D)Provide firms with enough security so they cannot go out of business, which simply encourages a lack of efficiency or incentive to monitor costs

Appreciate the complexities and challenges involved in designing an optimal reward system.

Know the initial steps and strategies in formulating a compensation plan.

Understand the role of compensation in stakeholders' perspectives, including shareholders.

Acknowledge the significance of job enrichment and its effects on turnover and work quality.