Which of the Following Was the Greatest Hindrance to the Development

question 61

Multiple Choice

Which of the following was the greatest hindrance to the development of software innovations appropriate for world markets in Japan?

• A) The deeply-rooted bureaucratic structure.
• B) The rise in global oil prices.
• C) The complex Japanese language.
• D) The growing fiscal deficit.
• E) The burgeoning population.

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Definitions:

Absolute Advantage

The ability of an individual, company, or country to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.

Producing Goods

The process of creating tangible products that satisfy consumer needs and wants through the utilization of labor, capital, and raw materials.

Opportunity Cost

The cost of an alternative that must be forgone in order to pursue a certain action or the benefits you miss out on when choosing one alternative over another.

Best Alternative

The Best Alternative usually refers to the most favorable option or choice that is available to an individual or organization from a set of possibilities.