The Vicious Circle of Poverty Makes It Difficult for an LDC

question 77

Multiple Choice

The vicious circle of poverty makes it difficult for an LDC to:

• A) establish political institutions.
• B) control inflation.
• C) save and invest.
• D) fix its exchange rate.

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Definitions:

Contingency Approach

A management theory that suggests the best way to organize or lead is dependent on the specific circumstances or context.

Changing Times

A term referring to the dynamic nature of societal, economic, technological, and cultural shifts that impact all aspects of life and business.

Evidence-Based Leadership

The practice of making leadership decisions based on the best available, current, scientific evidence and situational analysis.

Management Practices

The methods, strategies, and techniques used by managers to operate and control an organization.