Which of the Following Is an Advantage of an Ethnocentric

question 118

Multiple Choice

Which of the following is an advantage of an ethnocentric staffing policy?

• A) It alleviates cultural myopia.
• B) It is inexpensive to implement.
• C) It helps build strong informal management networks.
• D) It helps transfer core competencies to a foreign operation.
• E) It uses human resources efficiently.

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Definitions:

Marginal Cost

The escalation in total financial outlay due to the creation of one more unit of a product or service.

Average Total Cost

Calculated by dividing the total cost to produce a product by the quantity of the product produced, it represents the per-unit cost of production.

Bygones

In economics, the principle of "letting bygones be bygones" implies that past costs, which cannot be recovered, should not factor into future economic decisions.

Total Revenue

The complete total of earnings a firm gains through product sales or service charges over a set period.