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In a controlled experiment, the group not subjected to a change in the independent variable, and used for comparison with the group receiving the experimental change, is the __________ group.
a. independent
b. experimental
c. dependent
d. control
Milton Friedman
was an American economist known for his strong belief in free-market capitalism and for being a leading proponent of monetarism.
Economic Responsibility
Refers to the duty of organizations to make decisions that benefit the financial health of both the company and the wider economy.
Strategy
A plan of action designed to achieve a long-term or overall aim, often involving positioning a business for competitive advantage.
Economic Environment
The combination of economic factors that impact the operation and performance of businesses, including inflation, employment rates, economic policy, and market demand.
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