Suppose Small Business Owners Decide to Spend Less

question 78

Multiple Choice

Suppose small business owners decide to spend less.How will this affect an economy?

• A)It will have no impact since this group makes up a small portion of any economy.
• B)It will decrease the level of income of other people since one person's spending is someone else's income.
• C)It will cause prices for many goods to increase.
• D)It will increase the level of income in the economy since other groups will spend more.

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Definitions:

Controlling

The management function aimed at ensuring goals are met through monitoring performance, comparing it with objectives, and taking corrective action as necessary.

Planning

The process of formulating detailed strategies and actions to achieve specific goals and objectives.

Measuring Work Performance

The process of assessing the efficiency and effectiveness of an employee's job performance.

Corrective Action

Steps taken to rectify a problem or defect to prevent recurrence and ensure improvement.