A Regiocentric Staffing Policy

question 75

Multiple Choice

A regiocentric staffing policy:

• A) involves human resource policies that are created at the local level for the specific context in which the local operations operate.
• B) may send TCNs to fill management posts, to avoid problems from using PCNs or HCNs.
• C) selects the best person for each job, without considering national origin.
• D) two of the above.
• E) all of A, B, and C.

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Definitions:

Marginal Revenue Curve

A graph that displays how additional revenue is affected by the sale of one more unit of a product or service.

Downsloping

describes a trend or curve that goes downward, often used in economics to describe demand curves where price decreases lead to an increase in quantity demanded.

Economic Profits

Profits exceeding the opportunity costs of a venture or investment, accounting for both explicit and implicit costs.

Normal Profits

The level of profit necessary to keep a firm in an industry, equating to the opportunity cost of capital and entrepreneurship.