Economic Development Workshop (Scenario)

question 53

Multiple Choice

Economic Development Workshop (Scenario)
Members of 50 different countries attended a workshop on economic development hosted by an international organization based in Geneva, Switzerland. Attendees of the workshop learned about techniques designed to assist countries in expanding their degree of economic development.
-The workshop participants are divided into groups of three. For learning purposes, each group must be made up of individuals from countries with similar degree of economic development. Which of the following might be grouped together?

• A) Representatives from Mongolia, Iran, and Sudan
• B) Representatives from Germany, China, and Sudan
• C) Representatives from the U.S., China, and Belarus
• D) Representatives from Sudan, Spain, and France

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Definitions:

Current Ratio

A ratio that determines a company's capacity to fulfill immediate financial commitments using its present assets.

Total Debt Ratio

A financial metric that compares the total debt of a company to its total assets, indicating the leverage and financial risk of the company.

Liquidity Ratios

Financial ratios that measure a company's ability to meet its short-term obligations with its liquid assets.

Trade Credit

A type of commercial financing where a business allows its customers to purchase goods or services and pay for them at a later date.