What Principle Is Built on the Idea That There Is

question 83

Multiple Choice

What principle is built on the idea that there is no general plan for which way to go and what to do?

• A) Managing by crisis
• B) Managing by extrapolation
• C) Managing by objectives
• D) Managing by hope
• E) Managing by mystery

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Definitions:

Asset

An item of value owned by an individual or corporation, expected to provide future benefit or revenue.

Reserve Requirement

A regulation set by central banks requiring commercial banks to hold a certain amount of their deposits as reserves, either as cash in their vaults or as deposits with the central bank, to ensure liquidity.

Money Multiplier

The ratio of the increase in total money supply generated from an initial deposit in a banking system.

Compliance

The act of conforming to or following rules, regulations, standards, or laws.