A Disadvantage of Hiring Local Managers Is That They Are

question 40

True/False

A disadvantage of hiring local managers is that they are often unfamiliar with the home country of the IC and with its policies and practices.

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Definitions:

GDP

Gross Domestic Product, which is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

Foreigners

Individuals or entities from one country that are located in or interacting with another country.

Liability

An obligation of an entity arising from past transactions or events, the settlement of which may result in the transfer of assets, provision of services, or other yielding of economic benefits in the future.

Asset

Any resource owned or controlled by a business or individual that is expected to produce positive economic value or future benefit.