Based on the description above, identify the key challenges facing a privately owned European manufacturing business considering setting up a joint venture in China.
What will be an ideal response?
? Recruitment and retention of key talent, in the face of competition from other
IJVs which appear to offer higher status and wages.
? Increases in wage costs and wage inflation outstripping competitor economies in
the region.
? Ongoing cultural inertia around the ‘iron rice bowl’ model.
? Disengagement from employees continues, however a focus on work-life balance
is starting to prevail in China. This contrasts to other economies in the region
which may offer a more attractive proposition, for example, in contrast to
Malaysia where economic rather than social exchange dominates. The Hays Asia
Salary Guide (2016) further elaborates on this.
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Which of the following is a key element of internal control over cash payments?
A) periodically reconciling the cash account balance on the company's books to the bank statement balance B) making daily bank deposits C) requiring that all petty cash vouchers be approved by two signatures D) authorizing and verifying that all cash received is recorded daily
An executive looking to save her company money cuts the employee workforce by targeting mid-level employees who have particularly high salaries. What type of discrimination might this end up looking like, even if it isn’t intended?
a. age discrimination b. gender discrimination c. racial or ethnicity discrimination d. disability discrimination
The factory foreman at an automobile assembly plant is behind on meeting the quarterly production target due to an ongoing machinist strike lasting longer than anticipated. Conflict in this situation is attributed to
A. scarce resources. B. overlapping authority. C. different time horizons. D. different reward system. E. task interdependence.
Take note of the phrase in the scenario that reads "Naturally, every professor in the department had his own pet course..." Provide an example of a constraint that makes sure a professor gets to teach his favorite course
What will be an ideal response?