The Type of Organization Where It Is Assumed That Management

question 41

Multiple Choice

The type of organization where it is assumed that management candidates must be searched for on a global basis because the best manager for any specific position anywhere on the globe may be found in any of the countries in which the firm operates is known as a(n)

• A)ethnocentric corporation.
• B)homocentric business.
• C)multicentric organization.
• D)geocentric organization.
• E)polycentric corporation.

---

Definitions:

Negative Investment

Investment activities that lead to a decrease in the capital stock or value of assets over time.

GDP

The Gross Domestic Product represents the sum of the market or monetary value of every finished product and service made inside a nation's boundaries over a particular time frame.

Market Value

The current price at which an asset or service can be bought or sold in the open market.

Price of Hat

The cost assigned to a hat, determined by various factors including materials, production costs, brand, and market demand.