Online Quiz

Shareholders' interests are represented by a ________, who weigh the pros and cons of top executives' decisions.

board of directors

Executives receive ________ as the difference between the stock price at the time of purchase and the lower stock price at the time an executive receives the stock option.

capital gains

Carlos works at XYZ Innovations Inc. as a computer scientist. ________ schedules enable Carlos to work four 10-hour days.

compressed workweek

________ have full-time jobs and plan on having long-term relationships with their employers.

core employees

Company stock shares are the main form of executives' ________ compensation.

deferred

With ________ arrangements, temporary employees generally do not work for more than one year, and the hiring companies are the temporary workers' legal employers.

direct hire

________ bonuses are awarded to executives by boards of directors on an elective basis.

discretionary

________ refers to a general slowdown in economic activity.

economic recession

The ________ is a unique international organization that aims at becoming an economic superpower, while still retaining such practices as high levels of employment, social welfare protection, and strong trade unions.

european union

U.S. citizens employed in U.S. companies with work assignments outside the United States are better known as ________.

expatriates

According to the ________ in Brazil, the minimum wage rate is nationally uniform and set by law.

federal constitution

An ________ is the price at which one country's currency can be swapped for another.

foreign exchange market

________ is one measure of a country's standard of living.

gdp

________ occurs when all members of a group agree on mistaken conclusions due to conformity in sharing the same mind-set.

groupthink

The ________ allowance compensates expatriates for their sacrifices while on assignment.

hardship allowance

Expatriates receive ________ allowances when the cost of living is higher where they work than in the home country.

higher

________ nationals are foreign citizens that work in U.S. companies' branch offices or manufacturing plants in their home countries.

host country

________ is the increase in prices for consumer goods and services.

inflation

________ part-time employees work fewer than 35 hours per week because they are unable to find full-time employment.

involuntary part time employee

A special kind of part-time employment agreement, whereby two or more part-time employees perform a full-time job, is better known as ________.

job sharing

Of the countries studied in Chapter 14, ________ has the lowest hourly compensation costs.

mexico

________ premiums reward employees for moving from one assignment to another.

mobility

The United States, Canada, and Mexico are part of a trade bloc better known as ________.

north american free trade agreement

________ is a situation in which a worker possesses more qualifications, skill, and education than is required by his/her existing job.

overqualified

A ________ stock plan is an arrangement whereby executives receive a bonus that is equivalent to either the value of company shares or the increase in that value over time.

phantom

________ is the transition process of working in a domestic assignment in a worker's home country after having worked on an international assignment abroad.

repatriation

Companies must use the IRC's ________ test to determine whether individuals are employees or independent contractors.

right to control

________ nationals are foreign national citizens who work in U.S. companies' branch offices or manufacturing plants in countries other than the United States or their own home countries.

third country

Since the 1970s, ________ has lagged behind labor productivity growth.

...

________ is a situation in which a worker is forced to work part-time due to economic situations although she/he is willing to work full-time.

...

companies promote profits, in part, by holding down employees' ________.

...

________ allows for an alternative work arrangement in which employees are able to work at home or at an alternate location besides the office.

telecommuting