Less-Developed Countries Are Poor for All of the Following Reasons

question 38

Multiple Choice

Less-developed countries are poor for all of the following reasons except one. Which one?

• A) The labor force is too small.
• B) Labor productivity is low.
• C) Investment funds tend to flow abroad
• D) Investment in human capital is very low.

Identify strategies to overcome the functional chimney problem through effective team structure.

Recognize the role of managers and leaders in facilitating team integration and effectiveness.

Understand the concept and characteristics of different types of teams, including distributed, self-managing, and virtual teams.

Recognize the stages of team development and the characteristics of each stage.

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Definitions:

Rescind

To revoke, cancel, or repeal a contract, agreement, or offer, making it as though it never existed.

Concealment

In contract law, taking active steps to prevent another from learning the truth.

Nondisclosure

The obligation to keep certain information confidential and not share it without authorization, typically enforced through agreements.

Innocent Misrepresentation

a false statement made without knowledge of its falsity, but not intended to deceive, which may allow for some remedies if it leads another party to enter into a contract under false pretenses.