Since 1950, the World's Real GDP Has Increased by Seven

question 39

Multiple Choice

Since 1950, the world's real GDP has increased by seven times and the volume of world trade has increased by roughly

• A)the same amount.
• B)two times.
• C)ten times.
• D)fifteen times.
• E)thirty times.

---

Definitions:

Organizational Effectiveness

The measure of a organization's ability to achieve its goals and objectives in an efficient and productive manner.

Satisfied Customers

Customers who have their needs and expectations met or exceeded by a company's products or services, which often leads to repeat business and positive word-of-mouth.

Bottom-line Profits

The net income a company earns after all expenses and taxes have been deducted from total revenue.

Organization Chart

A diagram that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs.