Some fairly dramatic changes have taken place in the demographics of the global economy over the past three decades. Several factors have played a significant part in shaping this change. Since the 1960s, four major factors have contributed to the changing world economy and the world trade picture. These factors are U. S. dominance in the world economy, U. S. dominance in world foreign direct investment, dominance of large multinational U. S. firms, and lack of trade with centrally planned economies. All of these have either changed or are rapidly changing the global economy of today. Match the correct category with the description of the change associated with it. Developing nations Toyota Hisense China
The Changing World Output The Channing FDI The Changing Nature of the The Changing
and World Trade Picture picture Multinational Enterprise World Order

Amanufacturing firm is considering overhauling the existing compensation strategy. currently every front line employee who works on the assembly line earns the same hourly wage. ideally, management would like to institute a new pay system that involves pay-for-performance. which of the following recommendations is both consistent with scientific management's general emphases and generally good advice for management of this firma. the firm should adopt a differential pay system with one pay level for average performance, and a higher level for good performance. b. the firm should adopt a differential pay system, but the firm should modify it from its original design and provide many different levels of pay associated with different performance levels. c. the firm should understand worker psychology and to focus on pay as the key motivator. d. all of the abovee. none of the above