Which of the Following Is an Advantage of Adopting a Geocentric

question 99

Multiple Choice

Which of the following is an advantage of adopting a geocentric staffing approach?

• A)It tends to reduce cultural myopia and enhance local responsiveness.
• B)It is inexpensive to implement.
• C)It reduces the costs of value creation.
• D)It allows all key management positions of a firm and its subsidiaries to be filled by parent-country nationals.
• E)It requires minimal documentation for hiring foreign nationals.

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Definitions:

Economic Order Quantity

A formula that calculates the optimal order size to minimize the sum of ordering, carrying, and stockout costs.

Stock

Shares of ownership in a corporation or assets that represent an ownership interest.

Shortage Costs

The costs incurred when demand exceeds supply, including lost sales, expedited shipping fees, and decreased customer satisfaction.

Disrupted Production

Interruptions in the normal flow of manufacturing processes due to unforeseen events, leading to delays and potential financial losses.