The Unique Ideas and Products That WindStorm Group Has Patented

question 10

Multiple Choice

The unique ideas and products that WindStorm Group has patented provide a significant advantage to its business because none of its competitors are able to offer them. Because WindStorm's CEO recognizes the ________, he has authorized development of practices to discover and harness his organization's intellectual resources.

• A) impact of globalization
• B) value of social capital
• C) importance of knowledge management
• D) importance of collaborating across organizational boundaries
• E) value of an increasingly diverse labor force

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Definitions:

Stagflation

A situation in the economy where inflation and unemployment rates are high simultaneously.

Keynesian Demand Management

A strategy based on Keynesian economics that entails adjusting the level of demand in the economy through monetary and fiscal policy to manage economic cycles.

Economy Control

The use of various tools and policies by a government to regulate and oversee the economy’s health and stability.

Stagflation

A condition of slow economic growth and relatively high unemployment – a period of stagnation – accompanied by rising prices (inflation).