In international businesses, firms pursue a polycentric staffing policy because they see it as the best way to maintain a unified corporate culture
Indicate whether the statement is true or false.
FALSE
Research has identified three types of staffing policies in international businesses: the ethnocentric approach, the polycentric approach, and the geocentric approach. Firms pursue an ethnocentric staffing policy as they may see it as the best way to maintain a unified corporate culture. Such reasoning tends to predominate when a firm places a high value on its corporate culture.
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Use the information from Scenario 6.1 to determine the expected cost of operating a large facility for two years
A) $810,000 B) $450,000 C) $405,000 D) $2,810,000
The functional replacement provision in some property insurance policies is used when:
A) replacing a lost item is impossible B) replacing a lost item is much cheaper than expected C) replacing a building will cost much more than its market value D) an insured set of objects is collectively worth more than the sum of its individual components