Org & Mgt Quiz #5

What phase is known for technology and limited trade?

• Age of mass consumption

• Drive to maturity

• Traditional society

• Take-off

What phase is identified for a country that is growing economically and diversifying, producing goods at home with a growing middle class?

• Traditional society

• Drive to maturity

• Take-off

• Age of mass consumption

According to Rostow’s phases of economic development, which of the following is TRUE?

• The colonial legacy will deter a country’s economic growth.

• Foreign investment is a necessary precondition for development in the second phase.

• All countries will eventually pass through each of the five stages of economic development.

• Countries might not pass through each of the phases.

Which of the following is NOT a characteristic of the preconditions for take-off?

• Decrease in transportation

• Progressive leadership

• Thriving food industries

• Diversity of products

Which of the following is a goal of economic development?

• Economic growth

• Reduction of poverty

• Improvement of transportation

• Increase of production in industries

Which of the following does not belong to the precondition for take-off?

• Political stability

• Increased agricultural productivity

• Development of social overhead capital

• Growth of the consumer goods industry

What phase is identified when industrialization begins to occur, and workers and institutions become concentrated around a new industry?

• Take-off

• Age of mass consumption

• Drive to maturity

• Traditional society

What phase has the largest service sector and very consumer oriented?

• Drive to maturity

• Preconditions to take-off

• Age of mass consumption

• Take-off

What is the phase if the investment on infrastructure laying the foundation for technology and manufacturing?

• Preconditions to take-off

• Drive to maturity

• Take-off

• Age of mass consumption

What is the essence of sustainable economic development?

• Build up exports of third world countries

• Magnify the quality of goods

• Reconcile economic advancement with environmental protection

• Deplete the raw materials of every country