1A. How does high managerial mobility help U.S. organizations? a. Identify how g

Question

1A. How does high managerial mobility help U.S. organizations?

a. Identify how good practices and techniques developed in one firm might be profitably applied to other firms.

b. They allow managers to successfully build teams within an organization to perform collective tasks.

c. Managers possess knowledge, experience, and a network of interpersonal contacts that come from years of working within the same company.

d. They can draw on company-specific experience, knowledge, and a network of contacts to find solutions to current problems

1B. According to a study on the connection between corruption and economic growth in 70 countries:

a. Side payments helped remove the bureaucratic barriers to investments that create jobs.

b. Corruption had no impact on a country's growth rate.

c. Corruption had a significant negative impact on a country's growth rate.

d. Corruption had a significant positive impact on a country's growth rate.

1C. Which of the following is NOT true about agricultural subsidies?

a. They encourage countries to produce products that could be grown more cheaply elsewhere.

b. They encourage countries to overproduce heavily subsidized agricultural products.

c. They reduce international trade in agricultural products.

d. They afford inefficient farmers the ability to exit the industry without debt.

Explanation / Answer

1 A): a) The concept of managerial mobility adds value significantly as the prior experience in the previous organisations gives a wide array of exposure and insight into the processes of the particular entity. This gives a leading edge as the well formulated practises could be successfully applied in the new organisation which contributes to its success, growth and development. As a result, mobility enhances the overall effectiveness and efficiency of the employees and makes the organisation agile. Thus, the option (a) is authentic as high managerial mobility helps the organisations to identify the good practices and techniques evolved / used in one organisation which could be successfully/ profitably used in other organisations.

1 B): c): The connection between corruption and economic growth in 70 countries has an adverse effect on the growth of the respective country. As highlighted correctly in the option (c) that corruption has a significant negative impact on a country's growth rate. This is primarily because corruption stifles the proper execution of policies and procedures at different levels. As a result, the economic growth is stagnated or regressed, at various stages.

1 C): c: The statement / option (c) would be applicable in the mentioned context as the agricultural subsidies reduce international trade in agricultural products is not true. This could be understood from the aspect that subsidies primarily have an impact within the country /economy where it is offered or is being availed.

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