Which of the Following Is Characteristic of Stage 2 of Rostow's

question 65

Multiple Choice

Which of the following is characteristic of Stage 2 of Rostow's five-stage model of economic growth?

• A) Industrial demand is mainly associated with natural resources extraction.
• B) The goods demanded relate to equipment and supplies to support manufacturing.
• C) The focus is more on low-cost manufacturing of a variety of consumer and some industrial goods.
• D) The focus is on design activities and the development of manufacturing techniques.
• E) Infrastructure development is a primary requirement in the economy.

Understand the basic concepts and significance of budgeting in management.

Identify the sequential order in which different budgets are prepared.

Recognize the role and structure of the master budget.

Comprehend the process and importance of cash budgeting.

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Definitions:

Employees

Individuals who are hired to perform tasks or services for an employer in return for compensation.

Company's Employees

Company's employees are individuals who work for a specific business or organization, contributing to its operations, services, and goals.

Rules At Work

Guidelines or principles established within a workplace to govern behavior and procedures.

Sensitivity

The quality of being responsive or susceptible to external conditions or stimuli.