Global HR Exam 1 Chp 1-5 Questions And Quality Solutions 2024/2025

INTERNATIONAL HUMAN RESOURCE MANAGEMENT - Correct Answer The study and application of all human resource management activities as they impact the process of managing human resources in enterprises in the global environment. Drivers of Internationalization of Business - Correct Answer -Trade Agreements -Search for new markets and reduced costs -Rapid and extensive global communication -Rapid development and transfer of new technology -Improving global education and a global talent pool -Increased travel and migration -Knowledge sharing -E-commerce -Homogenization of culture and consumer demands Trade Agreements - Correct Answer Trade between countries and within regions of the world is constantly increasing on a global basis, regionally, and thorough bilateral trade treaties between two countries Decreased trade barriers and open markets have resulted in faster-growing economies throughout the world Local and national governments support and encourage growing cross-border trade and foreign investment The center of global trade is moving away from the developed countries of Western Europe, North America, and Asia Pacific to China, South Asia, and even Latin America, Eastern Europe, the Middle East, and Africa Search for new markets and reduced cost - Correct Answer Global competition comes from anywhere and everywhere Competition forces organizations to search for new markets and revenues and lower costs, often best found in other countries Rapid and extensive global communication - Correct Answer The technological revolution (e.g., the internet) has made global communication much easier, quicker, cheaper, and more varied Enables the spread of information (on a global basis) about How people live What they think What they want