Which of the Following Identifies the Approaches Recommended to Business

question 59

Multiple Choice

Which of the following identifies the approaches recommended to business for effective management of areas of interaction with the law and legal issues?

• A) precautionary and reactionary
• B) risk aversive and risk detractive
• C) preventative and reactive
• D) managerial and risk detention

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Definitions:

Industrialization

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods, involving increased mechanization.

Per Capita GDP

A measure of the economic output of a nation per individual, calculated by dividing the country's gross domestic product by its total population.

Developed Countries

Nations with advanced economies, high standards of living, and well-established infrastructure and government systems.

GNPs Per Person

A metric that measures a country's gross national product divided by its population, indicating the average economic output per person.