64) ________ refers to the tendency of firms to extend their sales, ownership, and/or manufacturing to new markets abroad.
A) Expansion
B) Globalization
C) Export growth
D) Diversification
Answer: B
Explanation: B) Globalization is the tendency of firms to extend their sales, ownership, and/or manufacturing to new markets abroad. Firms usually expand globally to expand sales, cut labor costs, or form partnerships with foreign firms.
Difficulty: Easy
Chapter: 1
Objective: 2
AACSB: Analytical Thinking
Learning Outcome: 1.2 Briefly discuss and illustrate each of the important trends influencing human resource management.
65) All of the following are the most common reasons that firms decide to globalize EXCEPT ________.
A) lower costs
B) supervising quality control methods
C) make employees more productive
D) to do things better
Answer: B
Explanation: B) Globalization compels employers to be more efficient. More globalization means more competition, and more competition means more pressure to be "world class"—to lower cost, to make employees more productive, and to do things better and less expensively.
Difficulty: Moderate
Chapter: 1
Objective: 2
AACSB: Analytical Thinking
Learning Outcome: 1.2 Briefly discuss and illustrate each of the important trends influencing human resource management.
66) Which was NOT a change in the economic and political philosophies that drove the globalization boom causing U.S. imports and exports to rise from $47 billion in 1960, to $562 billion in 1980, to about $5.1 trillion recently?
A) government dropped cross-border taxes or tariffs
B) economic free trades areas were formed
C) steps were taken to encourage free flow of trade among countries
D) instability in the world labor market
Answer: D
Explanation: D) Globalization brings both benefits and threats to consumers. It means lower prices and higher quality on practically everything from computers to cars, but also the prospect of working harder, and perhaps having less secure jobs.
Difficulty: Moderate
Chapter: 1
Objective: 2
AACSB: Analytical Thinking
Learning Outcome: 1.2 Briefly discuss and illustrate each of the important trends influencing human resource management.
67) Which of the following is NOT one of the five main types of digital technologies driving the transfer of functionality from HR professionals to automation?
A) Email
B) Social media
C) Mobile applications
D) Cloud computing
Answer: A
Explanation: A) While email is an important tool at work it is not one of the primary types of digital technology that is transferring functionality to automation.
Difficulty: Easy
Chapter: 1
Objective: 2
AACSB: Analytical Thinking
Learning Outcome: 1.2 Briefly discuss and illustrate each of the important trends influencing human resource management.
68) What term refers to the knowledge, skills, and abilities of a firm's workers?
A) human resources
B) human capital
C) intangible assets
D) contingent personnel
Answer: B
Explanation: B) Human capital is the knowledge, skills, and abilities of a firm's workers. In the modern workforce, employment is shifting from manual workers to knowledge workers.
Difficulty: Easy
Chapter: 1
Objective: 2
AACSB: Analytical Thinking
Learning Outcome: 1.2 Briefly discuss and illustrate each of the important trends influencing human resource management.
69) Which of the following describes one of the most significant demographic trends facing the U.S. workforce?
A) increased number of aging workers
B) decreased number of contingent workers
C) increased number of blue-collar workers
D) decreased number of bilingual workers
Answer: A
Explanation: A) One of the most significant demographic trends facing the U.S. workforce is the increasing number of aging workers, who are those over age 55. There are not enough younger workers to replace the projected number of baby boom era older-worker retirees. As a result, many retirees are returning to the workforce.
Difficulty: Moderate
Chapter: 1
Objective: 2
AACSB: Analytical Thinking
Learning Outcome: 1.2 Briefly discuss and illustrate each of the important trends influencing human resource management.
70) Over the next few years, employers may face a severe labor shortage because ________.
A) there are fewer people entering the workforce than there are retiring baby boomers