In 1994, China's Devaluation of Its Currency Was a Cause

question 105

True/False

In 1994, China's devaluation of its currency was a cause of the Asian financial crisis.

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Definitions:

Mass Manufacturing

A production process characterized by the large-scale manufacture of standardized products, utilizing assembly lines and advanced technology to achieve high efficiency.

Work Specialization

The process of dividing work activities into separate job tasks to increase efficiency and productivity through focus on specific skills or functions.

Efficiency

refers to the effective use of resources to achieve objectives with minimal waste or effort, often maximizing output with given inputs in various contexts, including business and technology.

Training

refers to the process of enhancing the skills, knowledge, and competencies of employees through educational activities, aimed at improving their performance and productivity.