Which of the Following Is a Correct Statement as It

question 95

Multiple Choice

Which of the following is a correct statement as it relates to the business cycle?

• A)Due to better government management of the economic environment,the business cycle has become less volatile in recent decades.
• B)A depression occurs when the trough of the business cycle extends five or more years.
• C)There are no recognizable short-term phases in the business cycle;rather,the cycle can only be recognized as a long-term phenomenon.
• D)A recession is usually defined as two consecutive quarters when the economy shrinks.
• E)All of these are correct.

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Definitions:

Competitive Advantage

Competitive advantage is the attribute that allows an organization to outperform its rivals, gained through offering greater value to consumers or operating more efficiently.

Strategic Leadership

The ability of influencing others towards the achievement of organizational goals through long-term visioning and by setting a high-level strategic direction.

Corporate Governance

The framework of rules, practices, and processes by which a company is directed and controlled.

Strategic Implementation

The process of executing plans and strategies to achieve long-term goals within an organization.