Market Control

question 52

Multiple Choice

Market control

• A) does not assume that the interests of the organization and individuals naturally diverge.
• B) is based on the idea that employees may share the values, expectations, and goals of the organization and act in accordance with them.
• C) includes such items as budgets, statistical reports, and performance appraisals.
• D) uses prices, competition, and exchange relationships to regulate activities.
• E) is the use of rules, standards, regulations, hierarchy and legitimate authority to guide performance.

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Definitions:

Rapid Growth

A phase of economic expansion characterized by a significant increase in the GDP, income, and employment.

Inflation Targets

specific and publicly announced goals for the annual rate of inflation that central banks aim to achieve over a particular time frame.

Economic Growth

An increase in the amount of goods and services produced per head of the population over a period of time, indicating improvements in living standards and economic health.

International Competitiveness

The ability of a country to produce goods and services at a lower price and higher quality than its international competitors.