Question : 41._____ refers to a strategy that concerned with the selection : 1299527

Economics

41._____ refers to a strategy that is concerned with the selection of employees for particular jobs.

A. Compensation policy

B. Staffing policy

C. Performance appraisal policy

D. Training policy

E. Management development policy

42.The norms and value systems of an organization constitute its _____.

A. corporate social responsibility

B. cultural toughness

C. cultural sensitivity

D. corporate culture

E. perceptual ability

43.A(n) _____ staffing policy is one in which all key management positions are filled by parent-country nationals.

A. ethnocentric

B. global

C. polycentric

D. geocentric

E. transnational

44.In the Swiss firm Terabithia Systems AG, all the important positions in its international operations are held by Swiss nationals. Terabithia follows a(n) _____ staffing policy.

A. eurocentric

B. ethnocentric

C. polycentric

D. geocentric

E. transnational

45.Which of the following is a characteristic feature of an ethnocentric staffing policy?

A. It requires host-country nationals to be recruited to manage subsidiaries.

B. It is used when a firm places a low value on its corporate culture.

C. It increases advancement opportunities for host-country nationals.

D. It seeks the best people for key jobs throughout the organization, regardless of nationality.

E. It places parent-country nationals in key management positions.

46.Which of the following is an advantage of an ethnocentric staffing policy?

A. It alleviates cultural myopia.

B. It is inexpensive to implement.

C. It helps build strong informal management networks.

D. It helps transfer core competencies to a foreign operation.

E. It uses human resources efficiently.

47.A firm pursues an ethnocentric staffing policy because it:

A. believes in providing growth opportunities to host-country nationals.

B. wants to avoid cultural myopia.

C. believes the host country lacks qualified individuals for senior management positions.

D. wants to keep all core competencies within the home country.

E. wants to build strong cultural and informal management networks in all its subsidiaries.

48.Firms that use an ethnocentric staffing policy consider it to be:

A. a way to reduce the costs of value creation.

B. inappropriate for a localization strategy.

C. the best way to maintain a unified corporate culture.

D. the most inexpensive staffing approach.

E. the only approach to reduce cultural myopia.

49.If a firm tries to create value by transferring core competencies to a foreign operation and, therefore, transfers parent-country nationals who have knowledge of that competency to the foreign operation, it pursues a(n) _____ staffing policy.

A. ethnocentric

B. polycentric

C. geocentric

D. eurocentric

E. transnational

50.Which of the following is a disadvantage of an ethnocentric staffing policy?

A. It leads to resentment in the host country.

B. It isolates the headquarters from foreign subsidiaries.

C. It does not allow transfer of core competencies.

D. It leads to a dearth of qualified managers in the host nation.

E. It diversifies corporate culture.

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July 1, 2023

61.When there is a shortage in a market, prices are likely to:

A. Fall because buyers do not wish to buy as much as sellers want to sell.

B. Rise because some buyers will offer to pay a higher price.

C. Fall because sellers are likely to reduce their production if prices rise.

D. Rise because the government will put a price ceiling in place.

62.If a market shortage exists:

A. The invisible hand will work to reduce the price.

B. The only solution is for the government to raise the price.

C. Producers will compete for customers by reducing prices.

D. Consumers will compete for the product by offering to pay more.

63.A market surplus occurs when:

A. People cannot buy the amount of goods and services that they are willing and able to buy.

B. The price is less than the equilibrium price.

C. The quantity supplied exceeds the quantity demanded at a given price.

D. There is a price ceiling.

64.When there is a surplus in a market, prices are likely to fall because:

A. Buyers do not wish to buy as much as sellers want to sell.

B. Some buyers will offer to pay a higher price, initiating a move up the supply curve.

C. Sellers are likely to increase their production.

D. Buyers will wait for the government to establish a price floor.

65.If a market surplus exists:

A. The only resolution is for the government to set the price.

B. Consumers will compete for the product buy offering to pay more.

C. Producers will compete for customers by reducing prices.

D. The equilibrium price is equal to the price ceiling.

66.If demand is constant, a decrease in the supply of gasoline will cause the equilibrium price:

A. To rise and quantity to fall.

B. And quantity both to rise.

C. To fall and quantity to rise.

D. And quantity both to fall.

67.If demand is constant, a leftward shift in the supply curve will result in:

A. A decrease in equilibrium quantity and a lower equilibrium price.

B. An increase in equilibrium quantity and a lower equilibrium price.

C. A decrease in equilibrium quantity and a higher equilibrium price.

D. An increase in equilibrium quantity and a higher equilibrium price.

68.The price of chocolate candy bars rises. This could be due to:

A. A decrease in the wage rate paid to workers in the candy bar factories.

B. A decrease in the cost of chocolate, which is used to produce candy bars.

C. A subsidy by the federal government for the producers of chocolate candy bars.

D. A decrease in the number of chocolate candy bar producers.

69.If demand is unchanged, a rightward shift in the supply curve for plasma TVs will cause:

A. A decrease in equilibrium quantity and a higher equilibrium price.

B. An increase in equilibrium quantity and a higher equilibrium price.

C. An increase in equilibrium quantity and a lower equilibrium price.

D. A decrease in equilibrium quantity and a lower equilibrium price.

70.Which of the following would cause a decrease in the price of automobiles?

A. A technological advance in automobile manufacturing.

B. An increase in the wages paid to automobile assembly line workers.

C. A decrease in the cost of gasoline.

D. An increase in the number of buyers.