Chapters 9-12 Review
What is the tenet that China follows to ensure that Hong Kong’s exuberant capitalism is retained despite the communist leanings of mainland China?
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Absolute plutocracy
Sovereignty of the provinces
Theocracy
Noninterventionist approach
One country, two systems
Which of the following is true of the CFTA?
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It was designed to eliminate trade barriers between the United States, Canada, and parts of Asia.
It created several, independent commercial markets for goods and services.
It was a customs union like the European Community.
It involved economic and political unions.
It provided only for the elimination of tariffs and other trade barriers
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common market.
regional cooperation for development (RCD).
customs union.
free trade area (FTA).
Political explanations of Japan’s crisis during the 1990s identified two villains. One of them was the powerful Japanese bureaucracy. Which of the following is the other one?
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Japan’s trade policies with the United States.
Japan’s refusal to join Asian trade blocs.
The powerful influence of the royalty in political issues.
The long entrenched Liberal Democratic political party.
The splintering of most of Japan’s right-wing political parties.
____ classifies a country 's stage of economic development on the basis of its level of industrialization into three categories and the three categories are MIDCs, LDCs, and LLDCs.
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The U.S. Department of Commerce
The North Atlantic Treaty Organization
The International Organization for Standardization
The United Nations
The World Trade Organization
The _____ has reduced or eliminated internal tariffs and adds a common external tariff on products imported from countries outside the group.
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political union
common market
regional cooperation for development (RCD)
customs union
free trade area (FTA)
With respect to global marketing management, the argument for market
Companies are constantly competing to attract, hire, and retain talented employees. The human resources department has had an important role and underappreciated role in employee hiring and retention. Through the use of strategic human resource planning, human resources departments are able to benefit a company both directly and indirectly. A direct benefit of the human resources department is the support the department provides to line managers. Human resource department staff are available to provide support to line managers, but human resource staff should not supersede the line manager’s role in the hiring, appraising, and compensation of subordinates (Gomez-Mejia, Balkin, & Cardy, 2016).
Organisations of all kinds face changes in their environment, and there is a need for individuals who are capable of turning strategy into reality. This “change agent role” is often located within the Human Resource function. There are several reasons for this trend:
Maintains the agenda, arranges travel, and coordinates meetings, conference calls and appointments on behalf of the Manager. Organizes and coordinates the meetings and conference calls of unit staff, special project teams and working groups.
Human resource department is the field that takes control of training and overseeing employees. Therefore, it is important for HR personnel to develop and maintain some skills and knowledge in that field. Based on the CIPD HR professional map, there are some strategies, insights and solutions that can be followed. One of them is to ensure that Individuals understand the organization 's external goals and objectives and the different functions within it. Through understanding what should be done, employees will be able to focus on what they can do to help their organizations. Moreover, promoting leadership among teams and encouraging people to lead and make decisions is one of the most successful strategies used nowadays to
From the first question was an indication that you would be discussing the development of Japan’s economy post WWII. In global business, it is important to understand a countries history, especially a country with two thousands of years of recorded history. According to Jung & Tseng, (2013) the industrial hardware facilities and equipment left behind by the Japanese withdrawal from Taiwan after the World War II (WWII) provided Taiwan with a basis for industrial
For decades, there has been many trade barriers to import and export goods from one country to another. The North American Free Trade Agreement (NAFTA) was established to diminish tariff barriers and to remove investment restrictions. NAFTA has broadened the agreement of countries being able to import and export goods and to provide better servicing. Over the period of time, the use of tariffs and any trade barriers have been reduced as the economy has become more integrated. This integration has generated less power for the government to control trade due to the benefit of economic growth. The goal of economic integration is to increase the volume of trade between countries and reduce the
When meeting the employee make them feel very welcome this is very important to remember. Let them know what an exciting place it is to work and how much fun they are going to have at work. Rewards, welcome gifts whether the gift is a pen or a company mouse pad these are all great ways to make an employee feel welcome the first day.
The relationship between Japan and the United States drastically changes throughout time, however, its beginnings stemmed from an abrupt socio-political change caused by Matthew Commodore Perry. His actions of forcing economic relations with Japan and the United States spurred the Meiji Reformation. The Meiji Reformation opened Japan’s market to the world and lead to Japan into a rapid period of modernization in technology and industry. As such, America and Japan became valuable trading partners, Japan requiring the natural resources to sustain its industrial growth and America selling its colonial consumer goods to a broader market. For this reason of such expeditious progress, there was a recession in the Japanese economy which lead to mass
From the time following World War II, Japan's government cooperation, work ethics, and highly defense technology have helped built up a strong advanced economy. Two
between countries in that each was required to levy the same low tariffs on each others
You are a Human Resources Specialist and work for a staffing services company. Early Monday morning you receive a phone call from one of your most important clients. They want to get rid of one of your assignment employees (is a temporary employee of your company). The employee has been absent for several days because she is pregnant. She has been working as a banking receptionist, a position that requires consistent attendance and a cheerful disposition towards bank clients.
The member nations of GATT worked to lower tariffs and barriers to allow for the free flow of goods, services and
According to the Case Study by Drogus and Orvis, Japan was the first non-western society to industrialize successfully and create a fully modern and wealthy economy. The Meiji Restoration of 1867 brought power to a fundamentally new states led by the militaristic samurai, who were determined to modernize the country after the humiliation of the countries forced opening to Western trade. The Meiji government focused on creating a strong and prosperous state, defined by its central slogan, “Rich nation, strong military”. Once the government started an industry, it often sold it to private investors at bargain prices and actively encouraged industrial mergers to create larger and more competitive firms. At the heart of a very concentrated business class was the Zaibatsu, a three family-dominated industrial conglomerates that controlled key areas of the economy and had close relations with the government. After World War II, Japan created the Iron Triangle that centered around Politicians, Bureaucrats, and the Keiretsu. The Keiretsu was a complex network of firms that were owned separately but worked closely together. At the center of most Keiretsu’s was a major bank, which lent money on favorable terms to its Keiretsu members and typically sent representatives to work in the firms to which it had lent money to ensure that its loans were being used wisely. The system encouraged
To work in the Human Resource management field you must maintain and improve the company by planning, implementing, and evaluating employee relations and human resource policies, programs, and practices. It is a challenging and yet rewarding field to work in. However, just like every business field, people who work in the human resource department face many challenges when it comes to discrimination.
In recent years, The World Trade Organization trading system has playing a significant role in our nations. More and more nations have taken part in this organization for gaining a great benefit from trading between nations. WTO looks itself as a system that helps trade to flow smoothly and provide countries with a constructive and fair outlet for dealing with disputes over trade issues (WTO, 2008). However, there is a drawback for this system such as it does not claim to be a "free market" organization. According to the WTO, it is sometimes described as a free trade institution but that is not absolutely correct. The system does allow tariffs and in limited circumstances and other forms of protection. More exactly, it is a system of rules for committed to open fair and undistorted competition (Promoting fair competition, 2015). This is similarity to a certain level of protection is proved. By the fact that, cartels like the OPEC have never been involved in trade argument with the WTO, despite the evident contrast between their objectives (Farah, Paolo Davide; Cima, Elena, 2013).