True about hiring from the internal labor market

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Reference no: EM132159096

1. The CEO of ACME retires and the CFO is appointed as her successor, what statement is NOT true about hiring from the internal labor market?

1) internal hiring results in an increased level of innovation

2) insiders are familiar with the firm?s products, markets, technologies, and operating procedures

3) use of the internal labor market reduces turnover among existing employees

4) insiders are more familiar with a firm?s operating procedures

2. A collaborative arrangement between Yahoo and Ebay in Japan that does not create an independent company and has unequal ownership rights is an example of a(n)

1) joint venture

2) network strategy

3) equity strategic alliance

4) nonequity strategic alliance

3. Companies expanding into the international market need to be sensitive of the needs of the local country or regional responsiveness because of

1) political and legal structures, and social norms vary by country

2) increasing homogenous cultures across much of the world

3) lack of sophistication from local competitors

4) loss of economies of scale

Reference no: EM132159096

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