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Offshoring involves a company subcontracting certain production function to a third party

Offshoring involves a company subcontracting certain production function to a third party

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter1: Welcome To Economics!
Section: Chapter Questions
Problem 28CTQ: Can you think of ways that globalization has helped you economically? Can you think of ways that it...
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Need answers for sub-part 10

Read and understand the statements. If the statement is correct then choose TRUE and if the statement is incorrect then choose FALSE. * True False The success of global business depends only on the domestic environment Elimination of barriers to trade and information technology are key aspects of globalization People who move across cultures experience culture shock Awareness of cultural differences is only important for expatriate employees as well as those at the host location and not essential for the HR manager at corporate headquarters Consistency in the ways of managing people on a worldwide basis in order to build, maintain and develop corporate identity is needed by multinational organizations When a foreign subsidiary matures, local human resource planning and staffing changes financial, marketing and human criteria in making decisions is important for multinational ventures An expatriate is an employee transferred out of their home base to the firm's international operation Awareness of cultural differences helps worker's family adjust and enjoy the international assignment and likelihood that the employee will stay in the assignment for the duration is enhanced Offshoring involves a company subcontracting a certain production function to a third party
Transcribed Image Text:Read and understand the statements. If the statement is correct then choose TRUE and if the statement is incorrect then choose FALSE. * True False The success of global business depends only on the domestic environment Elimination of barriers to trade and information technology are key aspects of globalization People who move across cultures experience culture shock Awareness of cultural differences is only important for expatriate employees as well as those at the host location and not essential for the HR manager at corporate headquarters Consistency in the ways of managing people on a worldwide basis in order to build, maintain and develop corporate identity is needed by multinational organizations When a foreign subsidiary matures, local human resource planning and staffing changes financial, marketing and human criteria in making decisions is important for multinational ventures An expatriate is an employee transferred out of their home base to the firm's international operation Awareness of cultural differences helps worker's family adjust and enjoy the international assignment and likelihood that the employee will stay in the assignment for the duration is enhanced Offshoring involves a company subcontracting a certain production function to a third party
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