Among the Determinants Underlying a Country's International Competitiveness in Business

question 114

Multiple Choice

Among the determinants underlying a country's international competitiveness in business services (e.g.,construction) are:

• A) The potential scale economies afforded by a market's size
• B) Abundance of equipment including data processing facilities and computers
• C) Skills and capabilities of employees and their wage rates
• D) All of the above

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Definitions:

Negotiable Instrument

A negotiable instrument is a signed document promising to pay the bearer or assigned holder a specific sum of money, such as checks, promissory notes, and drafts.

Payee

The person or entity to whom a payment is directed or made, typically referred to in financial transactions.

Commercial Paper

Unsecured promissory notes with a fixed maturity of usually less than 270 days, used extensively in the financing of business operations.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, including sales, leases, negotiable instruments, and secured transactions.