Why do multi-national hotel groups prefer local citizens to serve in top-level- management positions? The salaries to local managers will be lower. It is easier to find well-trained and high â quality managers locally. Employee morale will improve as workers recognize they can be promoted to the highest levels of management. Local citizens will be less likely to resign their positions during difficult economic times.

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.