Problems in Developing Nations Can Involve

question 10

Multiple Choice

Problems in developing nations can involve:

• A) governments with corrupt officials that increase the costs of starting and maintaining businesses.
• B) too much emphasis on sound business practices and efficiency.
• C) good institutions and reasonable taxes, which provide sufficient infrastructure for new business.
• D) government that is too large to be effective.

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Definitions:

Operating Budgets

Detailed projections of a company's income, expenses, and capital expenditures over a specific period.