A Contributing Factor in the Globalization of Markets Is the Spread

question 54

Multiple Choice

A contributing factor in the globalization of markets is the spread of __________ as the international language of international business.

• A) German
• B) English
• C) French
• D) Russian
• E) Hindi

Understand how performance prediction and job performance are assessed through selection methods.

Appreciate the role of personality and cognitive tests in predicting job performance.

Explain the significance of various validity studies (concurrent, predictive) in ensuring effective selection systems.

Recognize how diversity and bias prevention measures (e.g., "name-blind" resumes) contribute to fair selection practices.

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Definitions:

Labor Surplus

Refers to a situation where the supply of labor exceeds the demand for labor in the market, leading to unemployment or underemployment.

Outsourcing

The practice of hiring third parties to perform services or create goods that were traditionally done in-house, often to save costs or tap into specialized expertise.

Labor Surplus

A situation in the labor market where the supply of labor exceeds the demand for labor, often leading to unemployment or decreased wages.

Reduced Work Hours

An employment arrangement where the number of hours worked is less than the standard full-time schedule, often to promote work-life balance.