The Following Are All Problems Faced by Developing Countries in Their

question 74

Multiple Choice

The following are all problems faced by developing countries in their business contract relationships with wealthier nations except:

• A) lack of trained professionals to assist their governments in contract negotiations.
• B) lack of natural resources to use as collateral for credit.
• C) lack of economic bargaining power in dealing with more powerful multinationals.
• D) lack of sophisticated legal mechanisms for dealing with contract disputes.

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Definitions:

Search Firms

Professional agencies that help companies find and recruit candidates for specific positions, particularly for high-level or specialized roles.

Gross Starting Salary

The total initial salary of an employee before deductions such as taxes and social security contributions.

Private Employment Agencies

Organizations that match job seekers with potential employers, usually for a fee.

Illegal

Activities or actions that are forbidden by law and subject to legal sanctions.