China Is a Nation with a Vast Amount of Land

question 91

Multiple Choice

China is a nation with a vast amount of land and a very large population. Another characteristic of this nation is its people's affinity for saving money. Referring to the five factors of production, the government of China has made significant progress in building its business environment by focusing on factors that needed improvement. Its strategy was to:

• A) increase the supply of labor.
• B) increase sources for capital.
• C) increase entrepreneurship.
• D) encourage neighboring nations to provide the necessary land for business development.

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Definitions:

Participative Decision Making

A decision-making process where all members of a group are involved in identifying essential decisions and developing strategies to reach them.

Employee Job Satisfaction

The level of contentment employees feel towards their job, which can influence their performance and commitment.

Excessive Optimism

An overly positive outlook that can lead to unrealistic expectations about future events or outcomes.

Escalation Of Commitment

The tendency to continue to support a failing course of action.