Assume That Options (A),(b),(c),and (D)below Represent Degree 1,2,3,and 4,respectively,for the Formal

question 19

Multiple Choice

Assume that options (a) ,(b) ,(c) ,and (d) below represent degree 1,2,3,and 4,respectively,for the formal education factor on your summary rating chart for the point method of job evaluation.Based on the degree definitions,which of the following degrees is arranged out of place on the chart?

• A) degree 1: completion of high school
• B) degree 2: one year of post-secondary education
• C) degree 3: three year college diploma or university degree
• D) degree 4: completion of grade 9

Grasp the implications of international labor standards and practices on global workforce management.

Understand the advantages and disadvantages of various international business strategies.

Recognize the role of gender egalitarianism in international business settings and its reflection on global leadership behaviors.

Understand that correlation does not imply causation.

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Definitions:

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen; the value of the next best alternative foregone.

Specialization

The process of focusing on and becoming expert in a particular subject or skill.

Production

The process of creating goods and services by combining labor, land, and capital to generate output.

Comparative Advantage

A person's, corporation's, or country's capability to manufacture a good or provide a service with a smaller opportunity cost than that of its competitors.