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Global Workforce and Employability Quiz

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Questions and Answers

What is a consequence of the increasing dependence of nations on each other due to globalisation?

Decrease in population growth

Isolation of nations from one another

Tensions between a country's local and global priorities (correct)

Reduced competition among businesses

Why is it important for businesses to consider the wellbeing and interests of their own people while pursuing global goals?

To prevent competition from other nations

To avoid legal issues

To ensure support from the local population (correct)

To maintain employee satisfaction

What does the changing demographics megatrend refer to?

Decrease in workforce efficiency

Rise in global poverty rates

Changes in market prices

Shifts in population structure (correct)

Why might businesses prefer to hire younger workers over more experienced elder staff?

Lower salary demands Signup and view all the answers

What is the Silver Tsunami phenomenon?

Aging workforce in certain countries Signup and view all the answers

What challenge arises due to the life cycle changes in the workforce described in the text?

Difficulty managing younger staff as superiors Signup and view all the answers

What best describes a mega trend?

A major trend that impacts a wide range of activities and lasts for decades Signup and view all the answers

What is the primary characteristic of a trend?

An emerging pattern of change that requires a response Signup and view all the answers

How are mega trends different from trends?

Mega trends impact everyone globally, while trends affect specific groups Signup and view all the answers

What is the global market place mega trend characterized by?

A shrinking gap between mature and rapid-growth countries Signup and view all the answers

How does the phenomenon of 'local re-regionalisation' impact the new tier of nations?

Stimulates economic growth through domestic demand Signup and view all the answers

What is exemplified by the 'war for talents' mentioned in the text?

Competition for skilled individuals in the workforce Signup and view all the answers