Global HRM Exam 1 ACTUAL Questions
And CORRECT Answers
international HRM - CORRECT ANSWER - -the study and application of all HRM
activities as they impact the process of managing HR in enterprises in the global environment
-the success or failure of an enterprises is often a function of how it handles this
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
-decreased trade barriers and open markets resulted in faster-growing economies throughout the
word
-gov support and encourage
-the center of global trade is moving away from developed countries
search for new markets - CORRECT ANSWER - -global competition comes from
anywhere and everywhere
-competition forces organizations to look for opportunities in other countries
,Low-cost Country Sourcing (LCCS) - CORRECT ANSWER - a procurement strategy in
which companies source materials from countries with lower labor and production costs in order
to cut operating expenses
-examples of costs that could be minimized
-labor costs
-material cost
-marketing cost
-legal costs
-taxes
rapid and extensive global communication - CORRECT ANSWER - -the technological
revolution 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
-creates global expectations for an ever-increasing quality of life
rapid development and transfer of new technology - CORRECT ANSWER - -new tech are
developed around the world and are made available everywhere
-new tech make it possible to grow and manufacture products and deliver services with world-
class quality and prices everywhere
-modern education and IT allow every
improving global education and a global talent pool - CORRECT ANSWER - -improving
education around the world is enabling firms everywhere to produce world-class products and
services
-no country or set of countries has an overriding advantage in the global economy
-there is now a global talent pool that allows firms to operate almost anywhere in the world today
, increased travel and migration - CORRECT ANSWER - -international travel has become
easier, quicker, and cheaper
-millions of people move to other countries to work
-in 2013. 232 million people of 3.2 % of the world's population, were international migrants,
compared with 175 million in 2000 and 154 million in 1990
top 10 countries hosting international migrants - CORRECT ANSWER - 1. US = 45.8%
2. Russia = 11%
3. Germany = 9.8%
4. Saudi Arabia = 9.1%
5. UK= 7.8%
6. United Arab Emirates = 7.8 %
7. France= 7.4%
8. Canada = 7.3 %
9. Spain = 6.5%
10. Australia= 6.5%
knowledge sharing - CORRECT ANSWER - -firms operating internationally "export"
their management philosophies and techniques to their foreign subsidiaries
-spread their knowledge and their company cultures everywhere
-in the current phase of globalization the pattens and locations of knowledge production and the
international flows of ideas are rapidly changing
-US, Western Europe and Japan have dominated global production of knowledge but major shift
underway
-recent years increasing globalization and shift from advanced industrialized countries towards
emerging economies
e-commerce - CORRECT ANSWER - -WWW and global transportation and logistics
services have made it possible for large, as well as small, firms to conduct business virtually
-websites make business global (anyone who has access to web can see)
And CORRECT Answers
international HRM - CORRECT ANSWER - -the study and application of all HRM
activities as they impact the process of managing HR in enterprises in the global environment
-the success or failure of an enterprises is often a function of how it handles this
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
-decreased trade barriers and open markets resulted in faster-growing economies throughout the
word
-gov support and encourage
-the center of global trade is moving away from developed countries
search for new markets - CORRECT ANSWER - -global competition comes from
anywhere and everywhere
-competition forces organizations to look for opportunities in other countries
,Low-cost Country Sourcing (LCCS) - CORRECT ANSWER - a procurement strategy in
which companies source materials from countries with lower labor and production costs in order
to cut operating expenses
-examples of costs that could be minimized
-labor costs
-material cost
-marketing cost
-legal costs
-taxes
rapid and extensive global communication - CORRECT ANSWER - -the technological
revolution 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
-creates global expectations for an ever-increasing quality of life
rapid development and transfer of new technology - CORRECT ANSWER - -new tech are
developed around the world and are made available everywhere
-new tech make it possible to grow and manufacture products and deliver services with world-
class quality and prices everywhere
-modern education and IT allow every
improving global education and a global talent pool - CORRECT ANSWER - -improving
education around the world is enabling firms everywhere to produce world-class products and
services
-no country or set of countries has an overriding advantage in the global economy
-there is now a global talent pool that allows firms to operate almost anywhere in the world today
, increased travel and migration - CORRECT ANSWER - -international travel has become
easier, quicker, and cheaper
-millions of people move to other countries to work
-in 2013. 232 million people of 3.2 % of the world's population, were international migrants,
compared with 175 million in 2000 and 154 million in 1990
top 10 countries hosting international migrants - CORRECT ANSWER - 1. US = 45.8%
2. Russia = 11%
3. Germany = 9.8%
4. Saudi Arabia = 9.1%
5. UK= 7.8%
6. United Arab Emirates = 7.8 %
7. France= 7.4%
8. Canada = 7.3 %
9. Spain = 6.5%
10. Australia= 6.5%
knowledge sharing - CORRECT ANSWER - -firms operating internationally "export"
their management philosophies and techniques to their foreign subsidiaries
-spread their knowledge and their company cultures everywhere
-in the current phase of globalization the pattens and locations of knowledge production and the
international flows of ideas are rapidly changing
-US, Western Europe and Japan have dominated global production of knowledge but major shift
underway
-recent years increasing globalization and shift from advanced industrialized countries towards
emerging economies
e-commerce - CORRECT ANSWER - -WWW and global transportation and logistics
services have made it possible for large, as well as small, firms to conduct business virtually
-websites make business global (anyone who has access to web can see)
