Natural Resources

question 4

Multiple Choice

Natural resources:

• A)are still the most important factor in determining the productivity of human or physical capital for all countries.
• B)are the only factor that consistently shows a positive effect on productivity for wealthy countries.
• C)are a less significant source of productivity growth in most countries today than in earlier times.
• D)can be used to explain the differences in productivity growth among countries.

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Definitions:

External Control

Influence or regulation by external factors or entities over an organization's or individual's actions and decisions.

Internal Control

Mechanisms, rules, and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Normative Control

A management approach that seeks to regulate employees' behavior and decisions through the establishment of organizational norms and values.