Chapter 4
HRM and the global economy
Select the choice which best completes the statement, or answers the question, by clicking on the corresponding letter.
HR issues underlying globalization include all of the following except:
- identifying expatriate managers.
- designing training programs to enhance understanding of foreign cultures and work practices.
- adjusting pay and benefits to ensure equitable treatment across global regions.
- identifying potential centers of global operations.
Globalization is:
- a benefit for all countries
- both good and bad
- a benefit for developing countries
- a disastrous process for the whole world
The practice of moving jobs overseas is known as:
- outplacement.
- offshoring.
- outsourcing.
- employee leasing.
The insecurity thesis holds that:
- globalization has produced uncertainty and insecurity in terms of employment and remuneration
- globalization has made the world a dangerous place
- HR managers have unpredictable jobs in a globalized world
- all of the above
Groupings of countries with trading agreements are termed:
- cartels
- world regions
- aligned nations
- trading blocs
The key elements of productivity are:
- labour costs
- capital investment
- material costs
- all of the above
An organizational form that has fully autonomous units operating in multiple countries is:
- an international corporation
- a multinational corporation
- a transnational corporation
- a global enterprise
Which of the following is not one of the ways in which international HRM differs from domestic HRM?
- International HRM must be concerned with obeying different country laws and regulations.
- International HRM is responsible for a greater number of functions.
- International HRM must consider the increased possibility of promotions.
- International HRM must assist personnel with orientation and translation services.
An effective global HR information system:
- should be established according to home country standards
- is challenged by administrative and cultural issues
- reproduces employment agreements for each country in which the company operates
- can be adapted for language training
Staff sent overseas can also be called:
- host-country nationals.
- third-country nationals.
- international managers.
- expatriates.