Which of the following is a human resource issue that firms have to balance because of globalization?
A. Training foreign managers abroad
B. Gauging the knowledge and skill base of workers
C. Figuring out how to best hire and train workers
D. All of these are correct.
Answer: D
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Bureaucracy is listed as a political risk category by:
A) BERI (Business Environment Risk Intelligence). B) PRS Group. C) EIU (Economist Intelligence Unit). D) WTO (World Trade Organization). E) OPIC (Overseas Private Investment Corporation).
Which of the following is a permanent account?
a. Dividends b. Advertising expense c. Building d. Selling expense e. Insurance expense
Given the increasing globalization of business, one important variable that needs to be considered when selecting a leadership style under a situational management approach is the ______.
a. cultural expectation of the leader b. nationality of the leader compared to the followers c. proximity of the followers to the leader d. leader’s gender and age
Doing things more cheaply, quickly, and efficiently through the routinization, standardization, and formalization of what is already known and done is referred to as __________________.
a. Imitation of knowledge b. Exploration of knowledge c. Exploitation of knowledge d. Formalization of knowledge