According to the Material in the Reaching Beyond Our Borders

question 262

Multiple Choice

According to the material in the Reaching Beyond Our Borders box for Chapter 11,which of the following statements about working with employees from different countries is most accurate?

• A)The increasingly global nature of markets and the impact of television,movies and the Internet on people's attitudes and perceptions have largely eliminated cultural differences between foreign and domestic workers.
• B)Currency rate differences and different laws with respect to fringe benefits such as health insurance and time-off,offer challenges for HR management.
• C)U.S.laws require American firms to hire,train,and pay employees in other countries the same way their U.S.employees are hired,trained and paid.
• D)More often than not,American firms have found that cultural differences in other nations are so great that it is more efficient to staff key positions in foreign facilities with American workers rather than hire foreign workers.

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Definitions:

Cash Management

The process of collecting, managing, and investing a company's cash in a way that optimizes its liquidity and profitability.

Lock-box System

A collection and processing service provided by banks to speed up the receipt and deposit of checks from customers.

Disbursement Float

The time delay between when a check is issued and when it is deducted from the payer's bank account.

Issuance

The process of offering new or existing securities for sale to investors by a corporation or government entity.