Which of the Following Is One of the Advantages of Export-Oriented

question 39

Multiple Choice

Which of the following is one of the advantages of export-oriented industrialization?

• A)It overcomes the smallness of the domestic market and allows a developing nation to take advantage of economies of scale
• B)Production of manufactured goods for export requires and stimulates efficiency throughout the economy
• C)The expansion of manufactured exports is not limited by the growth of the domestic market
• D)It is easier for developing nations to protect their domestic market against foreign competition

Recognize strategic performance measurement systems and their applications.

Identify appropriate performance metrics for different perspectives of the balanced scorecard.

Understand the impact of cognitive biases on performance evaluation and metric selection.

Recognize the importance of continuous evaluation of performance metrics.

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Definitions:

Material Omission

The failure to include vital information that results in a deceptive representation, significant in legal and financial disclosures.

FTC Rules

Regulations established by the Federal Trade Commission, the agency responsible for enforcing antitrust and consumer protection laws in the United States.

Truth-In-Lending Act

A U.S. federal law designed to protect consumers in credit transactions by requiring clear disclosure of key terms of the lending arrangement and all costs.

Consumer Product Safety Commission

A U.S. federal agency charged with protecting the public from unreasonable risks of injury or death associated with the use of consumer products.