Which Term Describes Groups of Operating Employees Who Are Empowered

question 62

Multiple Choice

Which term describes groups of operating employees who are empowered to plan and organize their tasks and to perform those tasks with a minimum of supervision?

• A) task forces
• B) standing committees
• C) work teams
• D) division committees
• E) board members

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Definitions:

Contractionary Monetary Policy

A monetary policy strategy used by central banks to reduce inflation and cool an overheated economy by raising interest rates or increasing reserve requirements.

Inflation

The frequency at which the all-encompassing costs of goods and services heighten, eroding financial purchasing capability.

Unemployment Rate

The percentage of the labor force that is jobless and actively looking for work.

Phillips Curve

An economic concept that depicts an inverse relationship between the rate of unemployment and the rate of inflation.