Which of the Following Statements Is Not True of Japan

question 47

Multiple Choice

Which of the following statements is not true of Japan?

• A)During the 1970s and 1980s, Japan's economic success had been without precedent
• B)During the 1970s and 1980s, the country had a huge positive trade balance, the yen was strong, and the country was recognized as the world leaders in manufacturing and consumer goods
• C)Assumptions about the Japanese workforce have turned out to be more myth than reality, and some of the former strengths have become weaknesses in the new economy
• D)Japan's consensus decision-making system turns out to be very efficient and effective in the new speed-based economy

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Definitions:

Rates of Return

The positive or negative financial outcome of an investment over an agreed-upon period, expressed as a percent of the investment's initial outlay.

Present Value

The now value of a sum of money to be received in the future or a series of financial inflows, accounting for a specific return rate.

Simple Interest

Simple interest is a method of calculating the interest charge on a loan or investment based on the original principal amount and not on accumulated interest.

Discount

A reduction applied to the normal cost of goods or services, or in finance, the process of determining the present value of future cash flows by applying a discount rate.