Which of the Following Statements Is True Regarding Management Development

question 2

Multiple Choice

Which of the following statements is true regarding management development?

• A) Historically, most international businesses have been more concerned with management development than with training.
• B) Management development facilitates the creation of an informal network for sharing knowledge within the multinational enterprise.
• C) Management development refers to specific training efforts to prepare home-country nationals for foreign postings.
• D) Typically, management development programs use standard psychological tests to select managers for specific foreign postings.

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Definitions:

Insured Drivers

Individuals who have obtained an insurance policy that covers them against financial loss or liability resulting from car accidents or theft.

Allocative Efficiency

The state of resource allocation where goods and services are distributed according to consumer preferences and utility maximization.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive.

Consumer Surplus

The gap between the amount consumers are prepared to spend on a product or service and the actual price they pay for it.