During the Early 1990s, Companies Started Downsizing

question 53

Multiple Choice

During the early 1990s, companies started downsizing. One of the results of this downsizing was the permanent reduction in the number of middle management positions. This change in the way businesses operate would have

• A) increased the natural rate of unemployment.
• B) decreased the natural rate of unemployment.
• C) not affected the natural rate of unemployment.
• D) could have either increased or decreased the natural rate of unemployment.

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Definitions:

Conflict Of Interest

A situation where an individual's or entity's personal interests could improperly influence the performance of their official duties and responsibilities.

Breach Of Fiduciary Duty

The failure to act in the best interest of another party, whom one owes a duty of trust and confidence.

Business Opportunity

An economic idea or investment that has potential for profit or provides an avenue for a successful venture.

Contract

A contract is a legally binding agreement between two or more parties that outlines obligations, rights, and duties each party has agreed to.