One suggested policy that industrially advanced nations could adopt to foster economic growth in less-developed nations would be to

A) leave the responsibility to the World Bank.
B) direct foreign aid to the poorest DVCs.
C) recruit more skilled workers from DVCs.
D) target the banking sector for the most help.

Total cost divided by the quantity of output produced is:

A) average total cost.
B) average fixed cost.
C) average product.
D) marginal cost.

A good economic theory:

A) approaches reality in all its complexity.
B) involves so much distortion of reality that it is worthless.
C) focuses on the unique aspects of each situation.
D) involves some simplification of reality.
E) bears no relation to reality.

Which of the following statements about meetings is true?

A) Lengthy minutes of a meeting should never be recorded.
B) A meeting that starts off with routine items is always off to a good start.
C) Highly sensitive topics should not be carried over to a second meeting.
D) At the end of a meeting, the leader should summarize all decisions.
E) Meetings have a single purpose-to share information.

Which of the following is an example of a leakage from the circular flow of income and expenditure?

A) Government purchases of goods and services
B) Taxes
C) Investment
D) Exports
E) Consumption expenditures

Self-managing teams differ from the more traditional work group in that team members assume duties otherwise performed by a manager or first-line supervisor.

Burgers Inc. contracts to buy five hundred head of cattle from Cattle Ranch. Before the seller delivers, an outbreak of disease causes a quarantine of the ranch. In this circumstance, the perfect tender rule

A) applies to both parties.
B) no longer applies.
C) applies only to the buyer.
D) applies only to the seller.

Individuals in high-context cultures prefer direct verbal interaction, value individualism, rely on logic, say "No" directly, and give authority to written information.