MGT0005 Practice Quiz

The effects of laws, GDP levels, interest rates, and rates of inflation relate to business interactions at the ___________ environment level

Select one:

• Natural

• Macro

• Micro

• Technological

A/an ___________ company attempts to achieve both the local responsiveness of the multidomestic operation with the economies of scale and cost reduction of the global operation.

Select one:

• Transnational

• Global

• International

• Multidomestic

A/an ___________ company establishes operations in one but usually more overseas countries and both produces and markets local products and services to local markets.

Select one:

• Global

• International

• Multidomestic

• Transnational

The ____________ industry contributes approximately 60% of GDP in developed countries

Select one:

• Quaternary

• Manufacturing

• Primary

• Service

The activities of HRM, can be groups under 4 areas, employee resourcing, employee development, _____________ and _____________.

• employment relations, pay and performance

• employment relations, recruitment and selection

• issues relating to equality, pay and performance

• work-life balance, pay and performance

Often, corporate culture is ____________________.

• successfully transferred from one location to another.

• implied, not expressly defined, and develops organically over time from the traits of the people the company hires

• overt, expressly defined, and develops quickly from the traits of the people the company hires

• an approach can be taken to managing staff globally.

Culture is ____________

• broad and differences are based mainly around differences in core values

• relatively easy to define and cultural differences can be measured

• in most societies and we can identify cultural differences through the way people dress

• narrow and differences are based mainly around differences in food

Gross Domestic Product (GDP) ____________

• is a measure of the purchasing power in different countries and represents a good measure of the relative cost of living

• is the total value of goods and services produced in a country in a given year plus income earned by residents from their overseas activities minus the income earned by non-residents in that country

• is the total value of all goods and services produced in a country in a given year

• none of the other answers

The process of shifting from some form of state control of the economy towards a free market is known as?

• Socialism

• Communism

• Privatization

• Liberalization

Globalisation is a process in which the world appears to be ___________ economically, politically and culturally

• embedding

• diverging

• converging

• fragmenting