Question

__________ places worker representatives on the boards of directors of corporations and requires worker participation in decision making at the shop floor level.

For the Asian Model, which country or area uses the equity finance the most in terms of high market capitalization as a percent of GDP?

Due to its importance in the economy, Chinese SOEs have a higher return on assets than private companies.

True

False

Answer 1

1) Solution: co-determination
Explanation: The co-determination is the term for the worker representatives on the boards of directors of corporations and there need to be a participation of worker in making of decision at the shop floor level.

2) Solution: China
Explanation: For the Asian Model, ratio of market capitalisation to GDP will be highest in Hong Kong (China).

3) Solution: False
Explanation: The state-owned enterprises (SOE) are less efficient in China in comparison to the private firms.