MATCHING KEY TERMS AND DEFINITIONS
-A process of interaction and integration among the people, companies, and governments of different nations, driven by international trade and investment, accelerated by information technology.
A)Multinational corporations
B)Work process engineering
C)Contingent workforce
D)Baby-boomers
E)Knowledge workers
F)Outsourcing
G)Downsizing
H)Acquisition
I)Core employees
J)Rightsizing
K)Workforce diversity
L)Code of ethics
M)Quality management
N)Kaizen
O)Globalization

Question

Quizplus · Accepted Answer

Globalization refers to the process of interaction and integration among the people, companies, and governments of different nations, driven by international trade and investment, accelerated by information technology.

Answer: A
 Multinational corporations are companies that operate in multiple countries, with facilities and operations in several countries.

Answer: F
 Outsourcing refers to hiring an outside company or firm to perform a business process or provide a service that is usually conducted in-house.

Answer: G
 Downsizing refers to the reduction of a company's workforce in order to cut costs or improve efficiency.

Answer: H
 Acquisition refers to the process of one company buying or taking over another company, usually in order to increase market share or expand operations.

Answer: K
 Workforce diversity refers to the differences in gender, race, ethnicity, age, religion, and other factors among a company's employees.

Answer: L
 A code of ethics is a set of principles or guidelines that a company or organization follows to ensure ethical and responsible behavior.

Answer: M
 Quality management refers to the process of ensuring that a company's products or services meet or exceed customer expectations, by implementing quality control measures and continuous improvement.

Answer: N
 Kaizen is a Japanese term that refers to the process of continuous improvement, with the goal of improving efficiency and quality while reducing waste and costs.

Note: None of the remaining terms match the definition given.