With the Global Economy Becoming More Knowledge- Intensive and Falling

question 3

Multiple Choice

With the global economy becoming more knowledge- intensive and falling national barriers to labor markets, which of the following is most likely to be true?

• A) More firms consider the entire world their labor market.
• B) More firms are likely to hire only college-educated workers.
• C) Only large, multinational firms can recruit global talent.
• D) More developed nations have an advantage over the less developed nations in recruiting talent.

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Definitions:

Mental Sets

The tendency to approach situations in a certain way because that method worked in the past.

Algorithm

A methodical, logical rule or procedure that guarantees solving a particular problem. Contrasts with the usually speedier—but also more error-prone—use of heuristics.

Chess-Playing

The act of engaging in chess, a strategic and intellectual board game that requires players to move pieces on a square board according to specific rules.

Calculating Outcomes

Calculating outcomes refers to the process of making predictions or determining the potential results of specific actions or decisions.