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In the decades following World War II, American business had undisputed control of the world economy, producing goods of such high quality and low cost that foreign corporations were unable to compete. But in the mid-1960s the United States began to lose its advantage and by the 1980s American corporations lagged behind the competition in many industries. In the computer chip industry, for example, American corporations had lost most of both domestic and foreign markets by the early 1980s.
 The first analysts to examine the decline of American business blamed the U.S. government. They argued that stringent governmental restrictions on the behaviour of American corporations, combined with the wholehearted support given to foreign firms by their governments, created and environment in which American products could not compete. Later analysts blamed predatory corporate raiders who bought corporations, not to make them more competitive in the face of foreign competition, but rather to sell off the most lucrative divisions for huge profits.
Still later analysts blamed the American workforce, citing labour demands and poor productivity as the reasons American corporations have been unable to compete with Japanese and European firms. Finally, a few analysts even censured American consumers for their unpatriotic purchases of foreign goods. The blame actually lies with corporate management, which has made serious errors based on misconceptions about what it takes to be successful in the marketplace.
These missteps involve labour costs, production choices, and growth strategies.  
Even though labour costs typically account for less than 15% of a product‘s total cost, management has been quick to blame the costs of workers‘ wages for driving up prices, making American goods uncompetitive. As a result of attempts to minimize the cost of wages, American corporations have had trouble recruiting and retaining skilled workers.  
The emphasis on cost minimization has also led to another blunder: an over-concentration on high technology products.
Many foreign firms began by specializing in the mass production and sale of low technology products, gaining valuable experience and earning tremendous profits. Later, these corporations were able to break into high technology markets without much trouble; they simply applied their previous manufacturing experience and ample financial resources to the production of higher quality goods.
American business has consistently ignored this very sensible approach.  The recent rash of corporate mergers and acquisitions in the U.S. has not helped the situation either. While American firms have neglected long-range planning and production, preferring instead to reap fast profits through mergers and acquisitions, foreign firms have been quick to exploit opportunities to ensure their domination over future markets by investing in the streamlining and modernization of their facilities.
Direction: Read the above Paragraph and answer the follownig Quetions
Q. The passage suggests that compared to Japanese workers, American workers are often considered:  
  • a)
     more content and more efficient.  
  • b)
    more content but less efficient.  
  • c)
    less content and less efficient.  
  • d)
    less content but more efficient.  
  • e)
    lazy and less hard working 
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
In the decades following World War II, American business had undispute...

Mapping the Passage
¶1 outlines the decline of American business
¶s2 and 3 list reasons that analysts have given for the decline and introduce the author‘s own theory for American business problems: incompetent management.
¶4 lists management‘s problems with labour.
¶5 explains the problem with America's fixation on high-tech products.
¶6 uses mergers to show that corporations lack long-range planning.
A quick scan of the answer choices shows that you have to compare the workers of the two nations on two criteria: contentedness and efficiency. Search for a part of the passage that touches on this. ¶3 is the only one that cites Japan, and mentions that analysts consider American workers less productive and less content. (C) it is.
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In the decades following World War II, American business had undispute...
Comparison of American and Japanese Workers
The passage suggests that American workers are often viewed as less content and less efficient compared to their Japanese counterparts. This conclusion can be drawn from several key points in the text.
Perception of Contentment
- The passage implies that American workers are struggling with labor demands, which may lead to a lack of job satisfaction.
- In contrast, Japanese firms have cultivated a workforce that is more aligned with the goals of their companies, leading to higher levels of contentment and commitment to productivity.
Efficiency and Productivity
- The text mentions that American corporations face challenges in recruiting and retaining skilled workers due to a focus on minimizing labor costs.
- This approach negatively impacts productivity, as companies are unable to maintain a capable workforce.
- Conversely, Japanese corporations have established systems that promote efficiency, enabling them to produce high-quality goods effectively.
Overall Conclusion
- The combined issues of labor dissatisfaction and poor productivity lead to the conclusion that American workers are perceived as "less content and less efficient."
- The passage emphasizes that corporate management in the U.S. has made strategic errors that have contributed to this predicament, further solidifying the comparison with more successful foreign labor forces.
In summary, the analysis points to a fundamental disconnect in American corporate strategies and worker satisfaction, highlighting why American workers might be regarded as less content and less efficient compared to their Japanese peers.
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In the decades following World War II, American business had undispute...
D
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In the decades following World War II, American business had undisputed control of the world economy, producing goods of such high quality and low cost that foreign corporations were unable to compete. But in the mid-1960s the United States began to lose its advantage and by the 1980s American corporations lagged behind the competition in many industries. In the computer chip industry, for example, American corporations had lost most of both domestic and foreign markets by the early 1980sThe first analysts to examine the decline of American business blamed the U.S. government. They argued that stringent governmental restrictions on the behaviour of American corporations, combined with the wholehearted support given to foreign firms by their governments, created and environment in which American products could not compete. Later analysts blamed predatory corporate raiders who bought corporations, not to make them more competitive in the face of foreign competition, but rather to sell off the most lucrative divisions for huge profits. Still later analysts blamed the American workforce, citing labour demands and poor productivity as the reasons American corporations have been unable to compete with Japanese and European firms. Finally, a few analysts even censured American consumers for their unpatriotic purchases of foreign goods. The blame actually lies with corporate management, which has made serious errors based on misconceptions about what it takes to be successful in the marketplace.These missteps involve labour costs, production choices, and growth strategies. Even though labour costs typically account for less than 15% of a products total cost, management has been quick to blame the costs of workers wages for driving up prices, making American goods uncompetitive. As a result of attempts to minimize the cost of wages, American corporations have had trouble recruiting and retaining skilled workers.The emphasis on cost minimization has also led to another blunder: an over-concentration on high technology products. Many foreign firms began by specializing in the mass production and sale of low technology products, gaining valuable experience and earning tremendous profits. Later, these corporations were able to break into high technology markets without much trouble; they simply applied their previous manufacturing experience and ample financial resources to the production of higher quality goods. American business has consistently ignored this very sensible approach. The recent rash of corporate mergers and acquisitions in the U.S. has not helped the situation either. While American firms have neglected long-range planning and production, preferring instead to reap fast profits through mergers and acquisitions, foreign firms have been quickto exploit opportunities to ensure their domination over future markets by investing in the streamlining and modernization of their facilities.Direction: Read the above Paragraph and answer the follownig QuetionsQ.Which of the following would most weaken the authors argument about the over-concentration on high technology products?

In the decades following World War II, American business had undisputed control of the world economy, producing goods of such high quality and low cost that foreign corporations were unable to compete. But in the mid-1960s the United States began to lose its advantage and by the 1980s American corporations lagged behind the competition in many industries. In the computer chip industry, for example, American corporations had lost most of both domestic and foreign markets by the early 1980sThe first analysts to examine the decline of American business blamed the U.S. government. They argued that stringent governmental restrictions on the behaviour of American corporations, combined with the wholehearted support given to foreign firms by their governments, created and environment in which American products could not compete. Later analysts blamed predatory corporate raiders who bought corporations, not to make them more competitive in the face of foreign competition, but rather to sell off the most lucrative divisions for huge profits.Still later analysts blamed the American workforce, citing labour demands and poor productivity as the reasons American corporations have been unable to compete with Japanese and European firms. Finally, a few analysts even censured American consumers for their unpatriotic purchases of foreign goods. The blame actually lies with corporate management, which has made serious errors based on misconceptions about what it takes to be successful in the marketplace. These missteps involve labour costs, production choices, and growth strategies.Even though labour costs typically account for less than 15% of a products total cost, management has been quick to blame the costs of workers wages for driving up prices, making American goods uncompetitive. As a result of attempts to minimize the cost of wages, American corporations have had trouble recruiting and retaining skilled workers.The emphasis on cost minimization has also led to another blunder: an over-concentration on high technology products. Many foreign firms began by specializing in the mass production and sale of low technology products, gaining valuable experience and earning tremendous profits. Later, these corporations were able to break into high technology markets without much trouble; they simply applied their previous manufacturing experience and ample financial resources to the production of higher quality goods. American business has consistently ignored this very sensible approach. The recent rash of corporate mergers and acquisitions in the U.S. has not helped the situation either. While American firms have neglected long-range planning and production, preferring instead to reap fast profits through mergers and acquisitions, foreign firms have been quickto exploit opportunities to ensure their domination over future markets by investing in the streamlining and modernization of their facilities.Direction: Read the above Paragraph and answer the follownig QuetionsQ.With which of the following general statements would the author most likely NOT agree?

In the decades following World War II, American business had undisputed control of the world economy, producing goods of such high quality and low cost that foreign corporations were unable to compete. But in the mid-1960s the United States began to lose its advantage and by the 1980s American corporations lagged behind the competition in many industries. In the computer chip industry, for example, American corporations had lost most of both domestic and foreign markets by the early 1980s.The first analysts to examine the decline of American business blamed the U.S. government. They argued that stringent governmental restrictions on the behaviour of American corporations, combined with the wholehearted support given to foreign firms by their governments, created and environment in which American products could not compete. Later analysts blamed predatory corporate raiders who bought corporations, not to make them more competitive in the face of foreign competition, but rather to sell off the most lucrative divisions for huge profits.Still later analysts blamed the American workforce, citing labour demands and poor productivity as the reasons American corporations have been unable to compete with Japanese and European firms. Finally, a few analysts even censured American consumers for their unpatriotic purchases of foreign goods. The blame actually lies with corporate management, which has made serious errors based on misconceptions about what it takes to be successful in the marketplace.These missteps involve labour costs, production choices, and growth strategies. Even though labour costs typically account for less than 15% of a product‘s total cost, management has been quick to blame the costs of workers‘ wages for driving up prices, making American goods uncompetitive. As a result of attempts to minimize the cost of wages, American corporations have had trouble recruiting and retaining skilled workers. The emphasis on cost minimization has also led to another blunder: an over-concentration on high technology products.Many foreign firms began by specializing in the mass production and sale of low technology products, gaining valuable experience and earning tremendous profits. Later, these corporations were able to break into high technology markets without much trouble; they simply applied their previous manufacturing experience and ample financial resources to the production of higher quality goods.American business has consistently ignored this very sensible approach. The recent rash of corporate mergers and acquisitions in the U.S. has not helped the situation either. While American firms have neglected long-range planning and production, preferring instead to reap fast profits through mergers and acquisitions, foreign firms have been quickto exploit opportunities to ensure their domination over future markets by investing in the streamlining and modernization of their facilities.Direction: Read the above Paragraph and answer the follownig QuetionsQ.The passage suggests that compared to Japanese workers, American workers are often considered: a)more content and more efficient. b)more content but less efficient. c)less content and less efficient. d)less content but more efficient. e)lazy and less hard workingCorrect answer is option 'C'. Can you explain this answer?
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In the decades following World War II, American business had undisputed control of the world economy, producing goods of such high quality and low cost that foreign corporations were unable to compete. But in the mid-1960s the United States began to lose its advantage and by the 1980s American corporations lagged behind the competition in many industries. In the computer chip industry, for example, American corporations had lost most of both domestic and foreign markets by the early 1980s.The first analysts to examine the decline of American business blamed the U.S. government. They argued that stringent governmental restrictions on the behaviour of American corporations, combined with the wholehearted support given to foreign firms by their governments, created and environment in which American products could not compete. Later analysts blamed predatory corporate raiders who bought corporations, not to make them more competitive in the face of foreign competition, but rather to sell off the most lucrative divisions for huge profits.Still later analysts blamed the American workforce, citing labour demands and poor productivity as the reasons American corporations have been unable to compete with Japanese and European firms. Finally, a few analysts even censured American consumers for their unpatriotic purchases of foreign goods. The blame actually lies with corporate management, which has made serious errors based on misconceptions about what it takes to be successful in the marketplace.These missteps involve labour costs, production choices, and growth strategies. Even though labour costs typically account for less than 15% of a product‘s total cost, management has been quick to blame the costs of workers‘ wages for driving up prices, making American goods uncompetitive. As a result of attempts to minimize the cost of wages, American corporations have had trouble recruiting and retaining skilled workers. The emphasis on cost minimization has also led to another blunder: an over-concentration on high technology products.Many foreign firms began by specializing in the mass production and sale of low technology products, gaining valuable experience and earning tremendous profits. Later, these corporations were able to break into high technology markets without much trouble; they simply applied their previous manufacturing experience and ample financial resources to the production of higher quality goods.American business has consistently ignored this very sensible approach. The recent rash of corporate mergers and acquisitions in the U.S. has not helped the situation either. While American firms have neglected long-range planning and production, preferring instead to reap fast profits through mergers and acquisitions, foreign firms have been quickto exploit opportunities to ensure their domination over future markets by investing in the streamlining and modernization of their facilities.Direction: Read the above Paragraph and answer the follownig QuetionsQ.The passage suggests that compared to Japanese workers, American workers are often considered: a)more content and more efficient. b)more content but less efficient. c)less content and less efficient. d)less content but more efficient. e)lazy and less hard workingCorrect answer is option 'C'. Can you explain this answer? for Verbal 2024 is part of Verbal preparation. The Question and answers have been prepared according to the Verbal exam syllabus. Information about In the decades following World War II, American business had undisputed control of the world economy, producing goods of such high quality and low cost that foreign corporations were unable to compete. But in the mid-1960s the United States began to lose its advantage and by the 1980s American corporations lagged behind the competition in many industries. In the computer chip industry, for example, American corporations had lost most of both domestic and foreign markets by the early 1980s.The first analysts to examine the decline of American business blamed the U.S. government. They argued that stringent governmental restrictions on the behaviour of American corporations, combined with the wholehearted support given to foreign firms by their governments, created and environment in which American products could not compete. Later analysts blamed predatory corporate raiders who bought corporations, not to make them more competitive in the face of foreign competition, but rather to sell off the most lucrative divisions for huge profits.Still later analysts blamed the American workforce, citing labour demands and poor productivity as the reasons American corporations have been unable to compete with Japanese and European firms. Finally, a few analysts even censured American consumers for their unpatriotic purchases of foreign goods. The blame actually lies with corporate management, which has made serious errors based on misconceptions about what it takes to be successful in the marketplace.These missteps involve labour costs, production choices, and growth strategies. Even though labour costs typically account for less than 15% of a product‘s total cost, management has been quick to blame the costs of workers‘ wages for driving up prices, making American goods uncompetitive. As a result of attempts to minimize the cost of wages, American corporations have had trouble recruiting and retaining skilled workers. The emphasis on cost minimization has also led to another blunder: an over-concentration on high technology products.Many foreign firms began by specializing in the mass production and sale of low technology products, gaining valuable experience and earning tremendous profits. Later, these corporations were able to break into high technology markets without much trouble; they simply applied their previous manufacturing experience and ample financial resources to the production of higher quality goods.American business has consistently ignored this very sensible approach. The recent rash of corporate mergers and acquisitions in the U.S. has not helped the situation either. While American firms have neglected long-range planning and production, preferring instead to reap fast profits through mergers and acquisitions, foreign firms have been quickto exploit opportunities to ensure their domination over future markets by investing in the streamlining and modernization of their facilities.Direction: Read the above Paragraph and answer the follownig QuetionsQ.The passage suggests that compared to Japanese workers, American workers are often considered: a)more content and more efficient. b)more content but less efficient. c)less content and less efficient. d)less content but more efficient. e)lazy and less hard workingCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Verbal 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the decades following World War II, American business had undisputed control of the world economy, producing goods of such high quality and low cost that foreign corporations were unable to compete. But in the mid-1960s the United States began to lose its advantage and by the 1980s American corporations lagged behind the competition in many industries. In the computer chip industry, for example, American corporations had lost most of both domestic and foreign markets by the early 1980s.The first analysts to examine the decline of American business blamed the U.S. government. They argued that stringent governmental restrictions on the behaviour of American corporations, combined with the wholehearted support given to foreign firms by their governments, created and environment in which American products could not compete. Later analysts blamed predatory corporate raiders who bought corporations, not to make them more competitive in the face of foreign competition, but rather to sell off the most lucrative divisions for huge profits.Still later analysts blamed the American workforce, citing labour demands and poor productivity as the reasons American corporations have been unable to compete with Japanese and European firms. Finally, a few analysts even censured American consumers for their unpatriotic purchases of foreign goods. The blame actually lies with corporate management, which has made serious errors based on misconceptions about what it takes to be successful in the marketplace.These missteps involve labour costs, production choices, and growth strategies. Even though labour costs typically account for less than 15% of a product‘s total cost, management has been quick to blame the costs of workers‘ wages for driving up prices, making American goods uncompetitive. As a result of attempts to minimize the cost of wages, American corporations have had trouble recruiting and retaining skilled workers. The emphasis on cost minimization has also led to another blunder: an over-concentration on high technology products.Many foreign firms began by specializing in the mass production and sale of low technology products, gaining valuable experience and earning tremendous profits. Later, these corporations were able to break into high technology markets without much trouble; they simply applied their previous manufacturing experience and ample financial resources to the production of higher quality goods.American business has consistently ignored this very sensible approach. The recent rash of corporate mergers and acquisitions in the U.S. has not helped the situation either. While American firms have neglected long-range planning and production, preferring instead to reap fast profits through mergers and acquisitions, foreign firms have been quickto exploit opportunities to ensure their domination over future markets by investing in the streamlining and modernization of their facilities.Direction: Read the above Paragraph and answer the follownig QuetionsQ.The passage suggests that compared to Japanese workers, American workers are often considered: a)more content and more efficient. b)more content but less efficient. c)less content and less efficient. d)less content but more efficient. e)lazy and less hard workingCorrect answer is option 'C'. Can you explain this answer?.
Solutions for In the decades following World War II, American business had undisputed control of the world economy, producing goods of such high quality and low cost that foreign corporations were unable to compete. But in the mid-1960s the United States began to lose its advantage and by the 1980s American corporations lagged behind the competition in many industries. In the computer chip industry, for example, American corporations had lost most of both domestic and foreign markets by the early 1980s.The first analysts to examine the decline of American business blamed the U.S. government. They argued that stringent governmental restrictions on the behaviour of American corporations, combined with the wholehearted support given to foreign firms by their governments, created and environment in which American products could not compete. Later analysts blamed predatory corporate raiders who bought corporations, not to make them more competitive in the face of foreign competition, but rather to sell off the most lucrative divisions for huge profits.Still later analysts blamed the American workforce, citing labour demands and poor productivity as the reasons American corporations have been unable to compete with Japanese and European firms. Finally, a few analysts even censured American consumers for their unpatriotic purchases of foreign goods. The blame actually lies with corporate management, which has made serious errors based on misconceptions about what it takes to be successful in the marketplace.These missteps involve labour costs, production choices, and growth strategies. Even though labour costs typically account for less than 15% of a product‘s total cost, management has been quick to blame the costs of workers‘ wages for driving up prices, making American goods uncompetitive. As a result of attempts to minimize the cost of wages, American corporations have had trouble recruiting and retaining skilled workers. The emphasis on cost minimization has also led to another blunder: an over-concentration on high technology products.Many foreign firms began by specializing in the mass production and sale of low technology products, gaining valuable experience and earning tremendous profits. Later, these corporations were able to break into high technology markets without much trouble; they simply applied their previous manufacturing experience and ample financial resources to the production of higher quality goods.American business has consistently ignored this very sensible approach. The recent rash of corporate mergers and acquisitions in the U.S. has not helped the situation either. While American firms have neglected long-range planning and production, preferring instead to reap fast profits through mergers and acquisitions, foreign firms have been quickto exploit opportunities to ensure their domination over future markets by investing in the streamlining and modernization of their facilities.Direction: Read the above Paragraph and answer the follownig QuetionsQ.The passage suggests that compared to Japanese workers, American workers are often considered: a)more content and more efficient. b)more content but less efficient. c)less content and less efficient. d)less content but more efficient. e)lazy and less hard workingCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Verbal. Download more important topics, notes, lectures and mock test series for Verbal Exam by signing up for free.
Here you can find the meaning of In the decades following World War II, American business had undisputed control of the world economy, producing goods of such high quality and low cost that foreign corporations were unable to compete. But in the mid-1960s the United States began to lose its advantage and by the 1980s American corporations lagged behind the competition in many industries. In the computer chip industry, for example, American corporations had lost most of both domestic and foreign markets by the early 1980s.The first analysts to examine the decline of American business blamed the U.S. government. They argued that stringent governmental restrictions on the behaviour of American corporations, combined with the wholehearted support given to foreign firms by their governments, created and environment in which American products could not compete. Later analysts blamed predatory corporate raiders who bought corporations, not to make them more competitive in the face of foreign competition, but rather to sell off the most lucrative divisions for huge profits.Still later analysts blamed the American workforce, citing labour demands and poor productivity as the reasons American corporations have been unable to compete with Japanese and European firms. Finally, a few analysts even censured American consumers for their unpatriotic purchases of foreign goods. The blame actually lies with corporate management, which has made serious errors based on misconceptions about what it takes to be successful in the marketplace.These missteps involve labour costs, production choices, and growth strategies. Even though labour costs typically account for less than 15% of a product‘s total cost, management has been quick to blame the costs of workers‘ wages for driving up prices, making American goods uncompetitive. As a result of attempts to minimize the cost of wages, American corporations have had trouble recruiting and retaining skilled workers. The emphasis on cost minimization has also led to another blunder: an over-concentration on high technology products.Many foreign firms began by specializing in the mass production and sale of low technology products, gaining valuable experience and earning tremendous profits. Later, these corporations were able to break into high technology markets without much trouble; they simply applied their previous manufacturing experience and ample financial resources to the production of higher quality goods.American business has consistently ignored this very sensible approach. The recent rash of corporate mergers and acquisitions in the U.S. has not helped the situation either. While American firms have neglected long-range planning and production, preferring instead to reap fast profits through mergers and acquisitions, foreign firms have been quickto exploit opportunities to ensure their domination over future markets by investing in the streamlining and modernization of their facilities.Direction: Read the above Paragraph and answer the follownig QuetionsQ.The passage suggests that compared to Japanese workers, American workers are often considered: a)more content and more efficient. b)more content but less efficient. c)less content and less efficient. d)less content but more efficient. e)lazy and less hard workingCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of In the decades following World War II, American business had undisputed control of the world economy, producing goods of such high quality and low cost that foreign corporations were unable to compete. But in the mid-1960s the United States began to lose its advantage and by the 1980s American corporations lagged behind the competition in many industries. In the computer chip industry, for example, American corporations had lost most of both domestic and foreign markets by the early 1980s.The first analysts to examine the decline of American business blamed the U.S. government. They argued that stringent governmental restrictions on the behaviour of American corporations, combined with the wholehearted support given to foreign firms by their governments, created and environment in which American products could not compete. Later analysts blamed predatory corporate raiders who bought corporations, not to make them more competitive in the face of foreign competition, but rather to sell off the most lucrative divisions for huge profits.Still later analysts blamed the American workforce, citing labour demands and poor productivity as the reasons American corporations have been unable to compete with Japanese and European firms. Finally, a few analysts even censured American consumers for their unpatriotic purchases of foreign goods. The blame actually lies with corporate management, which has made serious errors based on misconceptions about what it takes to be successful in the marketplace.These missteps involve labour costs, production choices, and growth strategies. Even though labour costs typically account for less than 15% of a product‘s total cost, management has been quick to blame the costs of workers‘ wages for driving up prices, making American goods uncompetitive. As a result of attempts to minimize the cost of wages, American corporations have had trouble recruiting and retaining skilled workers. The emphasis on cost minimization has also led to another blunder: an over-concentration on high technology products.Many foreign firms began by specializing in the mass production and sale of low technology products, gaining valuable experience and earning tremendous profits. Later, these corporations were able to break into high technology markets without much trouble; they simply applied their previous manufacturing experience and ample financial resources to the production of higher quality goods.American business has consistently ignored this very sensible approach. The recent rash of corporate mergers and acquisitions in the U.S. has not helped the situation either. While American firms have neglected long-range planning and production, preferring instead to reap fast profits through mergers and acquisitions, foreign firms have been quickto exploit opportunities to ensure their domination over future markets by investing in the streamlining and modernization of their facilities.Direction: Read the above Paragraph and answer the follownig QuetionsQ.The passage suggests that compared to Japanese workers, American workers are often considered: a)more content and more efficient. b)more content but less efficient. c)less content and less efficient. d)less content but more efficient. e)lazy and less hard workingCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for In the decades following World War II, American business had undisputed control of the world economy, producing goods of such high quality and low cost that foreign corporations were unable to compete. But in the mid-1960s the United States began to lose its advantage and by the 1980s American corporations lagged behind the competition in many industries. In the computer chip industry, for example, American corporations had lost most of both domestic and foreign markets by the early 1980s.The first analysts to examine the decline of American business blamed the U.S. government. They argued that stringent governmental restrictions on the behaviour of American corporations, combined with the wholehearted support given to foreign firms by their governments, created and environment in which American products could not compete. Later analysts blamed predatory corporate raiders who bought corporations, not to make them more competitive in the face of foreign competition, but rather to sell off the most lucrative divisions for huge profits.Still later analysts blamed the American workforce, citing labour demands and poor productivity as the reasons American corporations have been unable to compete with Japanese and European firms. Finally, a few analysts even censured American consumers for their unpatriotic purchases of foreign goods. The blame actually lies with corporate management, which has made serious errors based on misconceptions about what it takes to be successful in the marketplace.These missteps involve labour costs, production choices, and growth strategies. Even though labour costs typically account for less than 15% of a product‘s total cost, management has been quick to blame the costs of workers‘ wages for driving up prices, making American goods uncompetitive. As a result of attempts to minimize the cost of wages, American corporations have had trouble recruiting and retaining skilled workers. The emphasis on cost minimization has also led to another blunder: an over-concentration on high technology products.Many foreign firms began by specializing in the mass production and sale of low technology products, gaining valuable experience and earning tremendous profits. Later, these corporations were able to break into high technology markets without much trouble; they simply applied their previous manufacturing experience and ample financial resources to the production of higher quality goods.American business has consistently ignored this very sensible approach. The recent rash of corporate mergers and acquisitions in the U.S. has not helped the situation either. While American firms have neglected long-range planning and production, preferring instead to reap fast profits through mergers and acquisitions, foreign firms have been quickto exploit opportunities to ensure their domination over future markets by investing in the streamlining and modernization of their facilities.Direction: Read the above Paragraph and answer the follownig QuetionsQ.The passage suggests that compared to Japanese workers, American workers are often considered: a)more content and more efficient. b)more content but less efficient. c)less content and less efficient. d)less content but more efficient. e)lazy and less hard workingCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of In the decades following World War II, American business had undisputed control of the world economy, producing goods of such high quality and low cost that foreign corporations were unable to compete. But in the mid-1960s the United States began to lose its advantage and by the 1980s American corporations lagged behind the competition in many industries. In the computer chip industry, for example, American corporations had lost most of both domestic and foreign markets by the early 1980s.The first analysts to examine the decline of American business blamed the U.S. government. They argued that stringent governmental restrictions on the behaviour of American corporations, combined with the wholehearted support given to foreign firms by their governments, created and environment in which American products could not compete. Later analysts blamed predatory corporate raiders who bought corporations, not to make them more competitive in the face of foreign competition, but rather to sell off the most lucrative divisions for huge profits.Still later analysts blamed the American workforce, citing labour demands and poor productivity as the reasons American corporations have been unable to compete with Japanese and European firms. Finally, a few analysts even censured American consumers for their unpatriotic purchases of foreign goods. The blame actually lies with corporate management, which has made serious errors based on misconceptions about what it takes to be successful in the marketplace.These missteps involve labour costs, production choices, and growth strategies. Even though labour costs typically account for less than 15% of a product‘s total cost, management has been quick to blame the costs of workers‘ wages for driving up prices, making American goods uncompetitive. As a result of attempts to minimize the cost of wages, American corporations have had trouble recruiting and retaining skilled workers. The emphasis on cost minimization has also led to another blunder: an over-concentration on high technology products.Many foreign firms began by specializing in the mass production and sale of low technology products, gaining valuable experience and earning tremendous profits. Later, these corporations were able to break into high technology markets without much trouble; they simply applied their previous manufacturing experience and ample financial resources to the production of higher quality goods.American business has consistently ignored this very sensible approach. The recent rash of corporate mergers and acquisitions in the U.S. has not helped the situation either. While American firms have neglected long-range planning and production, preferring instead to reap fast profits through mergers and acquisitions, foreign firms have been quickto exploit opportunities to ensure their domination over future markets by investing in the streamlining and modernization of their facilities.Direction: Read the above Paragraph and answer the follownig QuetionsQ.The passage suggests that compared to Japanese workers, American workers are often considered: a)more content and more efficient. b)more content but less efficient. c)less content and less efficient. d)less content but more efficient. e)lazy and less hard workingCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice In the decades following World War II, American business had undisputed control of the world economy, producing goods of such high quality and low cost that foreign corporations were unable to compete. But in the mid-1960s the United States began to lose its advantage and by the 1980s American corporations lagged behind the competition in many industries. In the computer chip industry, for example, American corporations had lost most of both domestic and foreign markets by the early 1980s.The first analysts to examine the decline of American business blamed the U.S. government. They argued that stringent governmental restrictions on the behaviour of American corporations, combined with the wholehearted support given to foreign firms by their governments, created and environment in which American products could not compete. Later analysts blamed predatory corporate raiders who bought corporations, not to make them more competitive in the face of foreign competition, but rather to sell off the most lucrative divisions for huge profits.Still later analysts blamed the American workforce, citing labour demands and poor productivity as the reasons American corporations have been unable to compete with Japanese and European firms. Finally, a few analysts even censured American consumers for their unpatriotic purchases of foreign goods. The blame actually lies with corporate management, which has made serious errors based on misconceptions about what it takes to be successful in the marketplace.These missteps involve labour costs, production choices, and growth strategies. Even though labour costs typically account for less than 15% of a product‘s total cost, management has been quick to blame the costs of workers‘ wages for driving up prices, making American goods uncompetitive. As a result of attempts to minimize the cost of wages, American corporations have had trouble recruiting and retaining skilled workers. The emphasis on cost minimization has also led to another blunder: an over-concentration on high technology products.Many foreign firms began by specializing in the mass production and sale of low technology products, gaining valuable experience and earning tremendous profits. Later, these corporations were able to break into high technology markets without much trouble; they simply applied their previous manufacturing experience and ample financial resources to the production of higher quality goods.American business has consistently ignored this very sensible approach. The recent rash of corporate mergers and acquisitions in the U.S. has not helped the situation either. While American firms have neglected long-range planning and production, preferring instead to reap fast profits through mergers and acquisitions, foreign firms have been quickto exploit opportunities to ensure their domination over future markets by investing in the streamlining and modernization of their facilities.Direction: Read the above Paragraph and answer the follownig QuetionsQ.The passage suggests that compared to Japanese workers, American workers are often considered: a)more content and more efficient. b)more content but less efficient. c)less content and less efficient. d)less content but more efficient. e)lazy and less hard workingCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Verbal tests.
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