The Downsizing That Has Occurred in Recent Years Has ________

question 10

Multiple Choice

The downsizing that has occurred in recent years has ________ middle managers in many organizations.

• A) increased the number of
• B) eliminated the jobs of some
• C) strengthened the control of
• D) increased the importance of

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Definitions:

Adam Smith

An 18th-century Scottish economist and philosopher, best known for his works "The Wealth of Nations," which lays the foundations of classical economics.

Karl Marx

A 19th-century philosopher, economist, and political theorist known for his critical theories about capitalism and his influence on the development of socialist economic and political theory.

Classical Economists

Early economic theorists, primarily in the 18th and 19th centuries, who focused on the role of free markets in promoting economic growth and believed in minimal government intervention.

Supply-Side Economists

Economists who believe that reducing tax rates and regulatory barriers to production are the best ways to increase economic growth.