The Primary Reason Why Developing Countries,like Those in Latin America,were

question 35

Multiple Choice

The primary reason why developing countries,like those in Latin America,were so intent on industrialization was because most governments believed that

• A) they needed to appease military governments.
• B) subsistence agriculture could not employ enough people.
• C) the Great Depression in the 1920's & 1930's proved a export-oriented agriculture was no longer profitable.
• D) higher standards of living could only be achieved through industrialization.
• E) prices of imported manufactured goods were too high.

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Definitions:

Full Capacity Sales

The maximum sales level that a company can achieve with its current resources and capabilities without incurring additional costs.

Operating Capacity

The maximum output that a company can produce and sell with its existing equipment and resources, without incurring unsustainable costs.

Marble

A metamorphic rock composed primarily of calcite or dolomite, known for its use in sculpture and as a building material.

Long-range Financial Planning

The process of determining a company's financial goals, strategies, and resources over a future period, typically spanning several years.