Why Do the Ruling Elite in the Least Industrialized Nations

question 3

Multiple Choice

Why do the ruling elite in the Least Industrialized Nations work so closely with the heads of multinational corporations to develop informal partnerships?

• A)to develop the necessary political stability to maintain the partnership
• B)to expand the middle class throughout Least Industrialized Nations
• C)to increase humanitarian aid to the poor
• D)to increase the standard of living of people in poor nations

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Definitions:

Price-Earnings Ratio

The price-earnings ratio (P/E ratio) is a valuation measure comparing the current share price of a company to its per-share earnings, indicating how much investors are willing to pay per dollar of earnings.

Market Price

The current price at which an asset or service can be bought or sold in the market.

Earnings Per Share

A financial ratio that measures the amount of a company's net income allocated to each share of common stock, indicating the company's profitability.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated as current assets divided by current liabilities.