The streamlining of business processes to reduce costs is key to competitive strategy.

Answer the following statement true (T) or false (F)


True

Business

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Krista’s organization uses a differentiation strategy. To encourage workers to bring knowledge, skills, and abilities to the job that can allow them to analyze problems and come up with creative solutions, Krista might adopt a(n) ________ organizational philosophy on compensation.

A. pay secrecy B. above-the-market C. at-the-market D. competency-based pay E. profit sharing

Business

__________is the process of changing the company structure to get rid of some of the vertical hierarchy (reporting levels) in an organization.

A. Delayering B. Equity theory C. Broadbanding D. Pay structure E. Compensation

Business

Informal cognitive institutions are not important to international managers because such managers localize their hiring, so they can draw on local talent.

Answer the following statement true (T) or false (F)

Business

According to ethical relativism, an action that is usually thought to be unethical would not be considered unethical if the perpetrator thought it was ethical

Indicate whether the statement is true or false

Business