Give the advantages and disadvantages of internal and external recruiting.
What will be an ideal response?
Internal Recruiting:
Advantages: Greater motivation, loyalty and morale for existing employees, lower costs, fewer risks as candidates are already known and familiar with firm
Disadvantages: Limits the pool of available talent, may cause employees to become complacent, filling a job from inside merely shifts where a vacancy exists
External Recruiting:
Advantages: Potentially greater ability to obtain specialized knowledge and experience, fresh viewpoints
Disadvantages: More expensive and takes longer, higher risk because candidates from outside are less well known
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If A and B are independent events with P(A) = 0.4 and P(B) = 0.25, then P(A?B) =
A. 0.65. B. 0.55. C. 0.10. D. 0.75.
Which of the following is true of globalization?
a. It expands economic freedom and increases the living standards of people. b. It relies on strong government regulations to keep down prices. c. It fails to offer access to advanced technology in less developed countries. d. It makes it easier for governments to abuse the freedom and property of their citizens.
In a licensing agreement, the licensee takes most of the risk because it must invest some capital to use the right granted by the licensor.
Answer the following statement true (T) or false (F)
Which of the following statements concerning Collision Damage Waivers (CDW) is false?
A) CDWs waive the rental firm's right to charge you for damage to the rental car. B) CDWs are often a low-cost worthwhile purchase when you rent a car. C) CDWs are issued by auto rental firms and not by commercial insurance companies. D) CDWs do not provide the same personal liability auto protection as provided under the family auto policy.