The Growth Records of Japan and Hong Kong During the Last

question 67

Multiple Choice

The growth records of Japan and Hong Kong during the last fifty years indicate that an economy can grow rapidly without

• A) securely defined property rights.
• B) abundant domestic natural resources.
• C) significant capital formation.
• D) adopting modern technology.

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Definitions:

Results-Based Methods

Evaluation techniques focused on outcomes or achievements rather than the process, used to ascertain the effectiveness of a program or project.

Management by Objectives

A strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees.

Behavioural Methods

Approaches used to study and understand human behaviour, often through observation, interviewing, and survey methods in various settings.

Productivity Measures

Productivity measures are metrics used to evaluate the efficiency and effectiveness of production processes, often expressed in terms of output per unit of input.