The Absence of a Legal System That Protects Property Rights

question 8

Multiple Choice

The absence of a legal system that protects property rights and the lack of machinery to enforce that system in a market economy usually results in

• A) an improvement in the operating efficiency of newly privatized firms.
• B) reduced barriers to foreign direct investment and international trade.
• C) an increase in the incentives to engage in economic activity.
• D) deregulation and privatization of the economy.
• E) the lack of incentive to engage in economic activity.

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Definitions:

Stakeholder

Any individual or group that has an interest or concern in an organization's activities and outcomes.

Training Transfer Climate

The organizational environment and culture that either facilitates or hinders the application of learned skills and knowledge from training to the job.

Conflict Resolution Skills

The abilities necessary to effectively manage and resolve disagreements or disputes between parties.

Praise

The act of expressing approval or admiration for someone's achievements or qualities.