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According to the Reaching Beyond Our Borders box,titled,"Working Worldwide",companies must consider a number of compensation related issues for employees who work abroad.These may include currency conversion issues,special concessions such as travel and housing allowances,differences in health care standards in different countries,and even vacation benefits.
As mentioned in the Reaching Beyond Our Borders box in Chapter 11,compensation related issues include currency conversion issues,special concessions,health care standards,vacation benefits,taxation issues,and overall business cultures abroad.
John M. Keynes
A British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.
Uncertainty Principle
The Uncertainty Principle, often associated with Werner Heisenberg, posits that the position and momentum of a particle cannot simultaneously be measured with arbitrary precision.
Stare Decisis
The judicial method of resolving disputes by using established cases as a reference.
Articles of Confederation
The first constitution of the United States, ratified in 1781, which established a weak federal government prior to the adoption of the U.S. Constitution.
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