What are assessment centers and how are they used by multinational companies (MNCs)?
What will be an ideal response?
An assessment center is an evaluation tool that is used to identify individuals with the potential to be selected for or promoted to higher-level positions. Used by large U.S. multinational companies (MNCs) for many years, these centers also are employed around the world. A typical assessment center would involve simulation exercises such as these: (1) in-basket exercises that require managerial attention, (2) a committee exercise in which the candidates must work as a team in making decisions, (3) business decision exercises in which participants compete in the same market, (4) preparation of a business plan, and (5) a letter-writing exercise. These forms of evaluation are beginning to gain support because they are more comprehensive than simple checklists or the use of a test or an interview and thus better able to identify those managers who are most likely to succeed when hired or promoted.
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A) a firm with a high ability to develop new products B) a firm with limited financial resources C) a firm with slack capacity D) a firm with broad product line
An input control that tests time card records to verify than no employee has worked more 50 hours in a pay period is an example of a range test
Indicate whether the statement is true or false
Basic research:
a. is aimed at confirming an existing theory. b. is aimed at developing new or improved products. c. is aimed at a specific, pragmatic problem. d. is given little emphasis by business firms in the United States.
Pan American Pancake House, Inc., a U.S. firm, and Wallaby Waffles, Ltd., an Australian firm, enter into a contract that does not have a forum-selection or choice-of-law clause. Litigation between Pan American and Wallaby over a dispute involving this contract may occur in
A. Australia only. B. Australia or the United States, but not both. C. Australia, the United States, or both. D. the United States only.