In Recent Years, a Number of Developing and Transition Countries

question 2

Multiple Choice

In recent years, a number of developing and transition countries have experienced financial crises, the most dramatic of which was the ________.

• A)Mexican crisis of 1994-1995
• B)Mexican crisis of 1988-1989
• C)Argentina crisis of 1995-1996
• D)Brazilian crisis of 1996-1997

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Definitions:

Process Innovations

Refers to the implementation of a new or significantly improved production or delivery method, contributing to increased efficiency and effectiveness.

Managerial Innovations

The implementation of new administrative processes, strategies, or products designed to improve the efficiency and productivity of management.

Extrinsic Rewards

Benefits given by employers to motivate employees that are external to the job itself, such as pay raises, bonuses, and perks.

Autonomy

The extent to which individuals have the freedom to make their own decisions and control their own work environment.