​All of the Following Statements About the European Coal and Steel

question 22

Multiple Choice

​All of the following statements about the European Coal and Steel Community (ECSC) are true except

• A) ​Its original members included France, West Germany, and Netherlands.
• B) ​It was centered on Ruhr valley.
• C) ​It eventually evolved into the European Economic Community and then the European Community
• D) ​Great Britain and Ireland were the last countries to join.
• E) ​The European Community constituted the world's largest trading bloc.

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Definitions:

Selective Hiring

The practice of rigorously screening and selecting candidates for employment to ensure they align with the company's culture and objectives, often seen as critical for maintaining high standards and performance.

Competitive Pay

A salary or wage structure designed to attract and retain employees by matching or exceeding the compensation offered by competing firms.

Competitive Advantage

A situation or factor that gives a business a competitive edge or advantage over its rivals.

Resource-Based View

A strategic management theory that emphasizes the importance of an organization's internal resources and capabilities in achieving competitive advantage.