A Lesson from the Brazilian Experiment Was That

question 129

Multiple Choice

A lesson from the Brazilian experiment was that:

• A) infant industry protection is almost never successful.
• B) there are many determinants other than market price that also factor into an industry's success-firms had supplier difficulties and were hampered by excessive regulation.
• C) government usually knows better than the market whether an industry has potential.
• D) when politicians get involved, rational decisions and good business practices are more difficult.

Understand the principles of authority, accountability, and delegation in organizational settings.

Discriminate between mechanistic and organic organization structures and their communication patterns.

Identify the strategies used for vertical organization and their impact on organizational effectiveness.

Analyze the role of decentralization in empowering lower-level departments and employees.

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Definitions:

Navicular

Refers to the navicular bone in the foot, involved in forming the arch of the foot, or the navicular bone in the wrist.

Medial Malleolus

The bony prominence on the inner side of the ankle, part of the tibia's distal extremity, contributing to the ankle joint's stability.

Lateral Malleolus

The hard protrusion located on the external part of the ankle, which constitutes the bottom portion of the fibula.

Radial Styloid Process

A bony protrusion at the distal end of the radius bone in the forearm, which is palpable on the thumb side of the wrist.