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Explain How a Lack of Managerial Expertise Has Affected Former

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Essay

Explain how a lack of managerial expertise has affected former centrally planned countries as they transition to market economies.


Definitions:

Heuristic

A mental shortcut or rule of thumb that simplifies decision making.

Linguistic Concepts

The ideas and rules that underlie the structure and usage of a language, including grammar, semantics, and syntax.

Plural

The form of a noun that typically denotes more than one person, place, thing, or idea.

Past Tense

A grammatical term indicating that an action or condition occurred at a previous time.

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