Which of the Following Was Not Characteristic of the U

question 137

Multiple Choice

Which of the following was not characteristic of the U.S.economy during the Great Depression?

• A)Families lost their farms.
• B)Automobile production fell.
• C)The stock market crashed.
• D)Unemployment reached 50 percent.

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Definitions:

Scientific Management

A theory of management that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity.

Division of Labor

The practice of breaking down work into specialized tasks, each carried out by different workers or groups of workers.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

HR Unit

A division within a company focused on employee recruitment, management, and company policies adherence.