Least Developed Countries Have All of the Following Problems in Common

question 21

Multiple Choice

Least developed countries have all of the following problems in common EXCEPT

• A) illiteracy.
• B) political instability.
• C) ethnic conflict.
• D) anarchy.
• E) inequality.

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Definitions:

Employee Ownership

A business structure where employees have a significant stake in the company, often through stock ownership.

Profit-sharing Plans

A company program where employees receive a portion of the profits based on the company's earnings.

Fixed Costs

are business expenses that remain unchanged irrespective of the level of production or sales activity, such as rent, salaries, and insurance.

Line of Sight

The clear and understandable link employees see between their job performance and outcomes and the overall objectives or goals of the company.