Business Final Exam Questions & Answers.
merger - CORRECT ANSWER the result of two firms forming one company
importing - CORRECT ANSWER buying products from another country
exporting - CORRECT ANSWER selling products to another country
dumping - CORRECT ANSWER selling products in fo...
Business Final Exam Questions &
Answers.
merger - CORRECT ANSWER the result of two firms forming one company
importing - CORRECT ANSWER buying products from another country
exporting - CORRECT ANSWER selling products to another country
dumping - CORRECT ANSWER selling products in foreign country at lower prices than those charged in
the producing country
free trade - CORRECT ANSWER movement of goods and services among nations with out political or
econ barriers
balance of trade - CORRECT ANSWER the total value of a nation's exports composed to its imports
measured over a particular time
what country is the largest importer in the global market? - CORRECT ANSWER US
joint venture - CORRECT ANSWER 2 or more companies come together
licensing - CORRECT ANSWER when a firm provides the right to manufacture its products or use its
trademark to a foreign company for a free (trademark)
foreign subsidiary - CORRECT ANSWER a company owned in a foreign country by another company
called the parent company
civil rights act of 1964 - CORRECT ANSWER lindon mays johnson, discrimination, race, religion. equal
employment, affirmative action, EEOA(creates an act) EEOC(creates a commission)
, EEO - CORRECT ANSWER
affirmative action - CORRECT ANSWER employment activities designed to "right past wrongs" by
increasing opportunities for minorities and women
FMLA - CORRECT ANSWER Family medical leave act, provides 12 weeks leave unpaid
job analysis - CORRECT ANSWER study of what is done by employees who hold various job titles
job description - CORRECT ANSWER a summary of objectives of a job, the type of work to be done, the
responsibilities and duties, working conditions, and relationship of the job to other functions
job specification - CORRECT ANSWER a written summary of the minimum qualifications required of
workers to do a particular job
recruiting in HR - CORRECT ANSWER Step 1: Identify Vacancy and Evaluate Need
Step 2: Develop Position Description
Step 3: Develop Recruitment Plan
Step 4: Select Search Committee
Step 5: Post Position and Implement Recruitment Plan
Step 6: Review Applicants and Develop Short List
Step 7: Conduct Interviews
Step 8: Select Hire
Step 9: Finalize Recruitment
difference between internal vs. external recruiting - CORRECT ANSWER internal: An internal recruitment
strategy is characterized by promoting employees from within an organization to fill upcoming positions.
External: An external recruitment strategy is one which a human resources department will
systematically search the employee pool outside its own employees to fill positions.
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