QUESTION After the contract has been negotiated and approved by both sides, a situation arises in which a new employee is slightly sickened when a supervisor instructed her to enter a greenhouse too soon after fumigation. The worker, accompanied by a union steward, presents a grievance to the supervisor, who insists that the injury was […]
QUESTION Which of the following, if true, most strengthens the CEO’s argument for undertaking operations in Sri Lanka? A) The cost of living is much lower in Sri Lanka than in the United States. B) Few other similar companies do business in Sri Lanka. C) Unemployment is currently very low in Sri Lanka. D) Labor […]
QUESTION Which of the following is the LEAST appropriate way to engage in offshoring operations? A) Choose offshoring companies and suppliers in which candidates meet a complete set of requirements. B) Commit to consistently effective communication with offshore suppliers. C) Collaborate with chosen suppliers so as to develop their competencies. D) Give offshore suppliers as […]
QUESTION Which of the following is the LEAST appropriate way for the company to get its current employees on board with the offshoring plan? A) Carefully plan offshoring so as maintain the company’s core competencies. B) Redeploy any laid-off workers to other positions in the company or to other companies. C) Inform middle managers that […]
QUESTION With which of the following statements would Granger and Harrison both agree? A) Outsourcing has the potential to cause large-scale shifts in the world economy. B) Outsourcing does not lead to any job loss for workers in developed economies. C) Outsourcing leads to net improvements in the world economy. D) Outsourcing leads to loss […]
QUESTION Which of the following is the central issue between Granger and Harrison? A) whether outsourcing is a viable way for companies to improve their bottom line B) whether outsourcing is in the long-term interest of companies in developed economies C) whether U.S. companies can find competent business partners domestically D) whether offshore companies can […]
QUESTION Risk is uncertainty about the chance of loss or the amount of possible loss. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: Undergoing something that is inherently risky entails the possibility that loss will occur.
QUESTION Actuarial tables are calculations of the number of specific events that have occurred in past years. Indicate whether the statement is true or false. ANSWER Answer: FALSE Explanation: Actuarial tables are calculations of the number of specific events that are predicted to occur in a future year.
QUESTION To help them avoid unionization, companies employ many different strategies. One of them is that they have adopted two-tier pay scales, in which veteran employees make more than new employees. What is the system that the two-tier system replaced? What will be an ideal response? ANSWER Answer: The two-tier system replaced pattern bargaining, […]
QUESTION Insurable interest means that the policyholder must demonstrate that he or she stands to suffer a loss from the specific risk that is being insured. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: You must have a direct interest in the matter that you want to insure.
