The Major "Success Indicator" for Business Managers in Command Economies

question 171

Multiple Choice

The major "success indicator" for business managers in command economies like the Soviet Union and China in the past was

• A)the quantity or volume of production.
• B)product quality and variety.
• C)the amount of profits a producer makes.
• D)morale of workers in a firm.

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Definitions:

Eli Whitney

An American inventor best known for inventing the cotton gin, a device that revolutionized the cotton industry.

Boll Weevil

A beetle that feeds on cotton buds and flowers, historically significant for its devastating impact on the United States cotton industry.

Mid-Nineteenth Century

Refers to the period approximately from 1830 to 1870, a time marked by significant historical events including the American Civil War.

Cotton

A soft, fluffy staple fiber that grows in a boll, or protective case, around the seeds of cotton plants of the genus Gossypium.