Answer: individuals have a philosophy of management whereby strategic decisions are tailored to suit the cultures of the countries where the MNC operates.
Explanation:
The cultures and norms of the various countries of earth vary in certain aspects so we cannot expect a formula that works in a country to work in another country. There is a need to tailor what we are offering to the culture of the country we are offering it in for us to have a chance at selling our product.
This is what a polycentric predisposition is and it is very important and useful to Multinational companies that have to sell in various countries. For instance, McDonalds cannot sell beef in India but can sell it in the United States. They tailor made their burgers to reflect the values in both countries.
Answer:
a $1 rise in government spending will raise both total spending and Real GDP (assuming prices are constant) by $2.70.
Explanation:
The tax multiplier is generally used to show the multiple at which there is either a decrease or an increase in gross domestic product when there is either an increase or decrease in tax. Therefore, if the tax multiplier is equivalent to '$n' and assuming there is no change in price, there will be an increase of '$n' on the GDP and total spending for every dollar increase in the spending of government.
Answer:
B - happiness
Explanation:
cause it's not a must for a person to be happy
The standard direct labor hours per unit is 1.5 hours.
Economic growth, as measured by GDP, is driven by two components: population growth and labor productivity. Labor productivity reflects the capacity for increased output from the existing quantity of labor in the economy. Various government agencies and independent analysts produce measures of labor productivity.