If in a System of Fixed Exchange Rates the Dollar

question 1

Multiple Choice

If in a system of fixed exchange rates the dollar price of pounds is above the market equilibrium

• A)gold will flow from Canada to Great Britain.
• B)there will be a surplus of pounds.
• C)the Canadian government will have to ration pounds to Canadian importers.
• D)there will be a shortage of pounds.

Understand the dependency of training program effectiveness on individual attributes like intelligence and motivation.

Describe the impact of organizational attitudes and values on management training and development.

Recognize the benefits and types of exercises used in personal development programs.

Understand the advantages of using external resources for executive development.

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Definitions:

Unique Needs

Specific requirements or preferences that differ among individuals or entities, often necessitating customized solutions.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Economies of Scope

Cost advantages that enterprises obtain due to a broad range of products rather than specializing in a single product or service, enabling more efficient use of shared resources.