Which of the Following Countries Benefited Significantly from the Catch-Up

question 124

Multiple Choice

Which of the following countries benefited significantly from the catch-up effect in the last half of the twentieth century?

• A)Ethiopia
• B)the United States
• C)Canada
• D)South Korea

Recognize the dangers of assuming cultural homogeneity within global business settings.

Understand the role and misinterpretation of non-verbal cues in intercultural communication.

Recognize ethnocentrism as a universal phenomenon across cultures.

Acknowledge the importance of adopting the metric system for international trade.

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Definitions:

Compound Annual Rate

The rate of return that would be required for an investment to grow from its beginning balance to its ending one, compounding over a period of a year.

Compounded Annually

Describes the calculation of interest on an investment whereby the interest earned each year is added to the principal sum, leading to interest being earned on interest from the subsequent year onwards.

Monthly Compounded

Calculation of interest on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan, compounded every month.

RRSP

Registered Retirement Savings Plan, a Canadian account for holding savings and investment assets, with tax benefits.