Which of the Following Factors Contribute the Most to the Competitiveness

question 10

Multiple Choice

Which of the following factors contribute the most to the competitiveness of a destination?

• A) zoning by-laws which encourage facility development
• B) the location of the destination in relation to its major markets
• C) customers and immigration regulations that facilitates or hinders international visitation
• D) foreign investment policy/regulations that affect the availability of investment capital
• E) welfare policies that influence the nature and behavior of the workforce

Understand and apply the concept of hypothesis testing in different scenarios.

Compute the mean and standard deviation for a given sample.

Determine the standard error of the mean and the standard error of proportion.

Calculate the test statistic for various types of hypothesis tests.

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Definitions:

Production Possibilities Curve

A graphical representation that shows the maximum number of goods or services that can be produced in a given economy, given available resources and technology, when all resources are fully and efficiently employed.

Transcontinental Railroad

A continuous network of railroad trackage that crosses a continental land mass with terminals at different oceans or continental borders.

Production Possibilities Curve

A graphical representation showing the maximum combination of goods and services that can be produced using all available resources efficiently.

Computerization

The process of applying computers and technology to automate tasks, improve efficiency, and store and process information.