Globalization Has Occurred in Many Industries Because ________

question 73

Multiple Choice

Globalization has occurred in many industries because ________.

• A) new markets have been opened to foreign competitors
• B) entire industries have been deregulated
• C) state-run industries have been privatized
• D) all of the above

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Definitions:

Operating Cycle

The duration of time it takes for a company to purchase inventory, sell it, and receive cash from the sale.

Time Horizons

The length of time over which an organization or individual projects, plans, or expects to achieve its goals.

HR Forecasting

The process used in human resources planning to predict an organization’s future need for employees based on its business goals and strategies.

Attrition

The process of reducing an HR surplus by allowing the size of the workforce to decline naturally because of the normal pattern of losses associated with retirements, deaths, and voluntary turnover.