Which One of the Following Transactions in a Particular Year

question 108

Multiple Choice

Which one of the following transactions in a particular year is included in gross domestic product for that year?

• A) Social Security payments to retirees
• B) The government pays a computer services company that assisted in the delivery of Social Security payments to retirees.
• C) A car is produced in the previous year and remains in inventory for the entire year under consideration.
• D) A stay-at-home parent performs housework that the family would otherwise have paid a maid $20,000 a year to perform.

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Definitions:

Strategic International Human Resources Planning

The process of designing and implementing HR policies and practices that effectively align with and support an organization’s global strategy and operations.

Management

The coordination and administration of tasks to achieve a goal, including planning, organizing, staffing, directing, and controlling organizational resources.

International Human Resources

The dimension of human resource management that deals with managing employees in a global context, considering different cultural, legal, and economic systems.

Parent-country Nationals

Employees who are citizens of the country where the multinational company is headquartered, working abroad.