Which of the Following Best Sums Up the Experience of Walt

question 1

Multiple Choice

Which of the following best sums up the experience of Walt Disney Company executives when creating Disney's theme park in Paris?

• A)They were guided by the "think global,act local" principle.
• B)They fell victim to the self-reference criterion.
• C)They exhibited a geocentric management orientation.
• D)They miscalculated the rate of diffusion of innovations in Europe.
• E)They had an unbiased perception of existing culture in Europe.

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Definitions:

Automatic Stabilizers

Economic policies and programs, like unemployment benefits, that automatically adjust to stabilize an economy during fluctuations.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, usually visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Automatic Stabilizers

Economic mechanisms, such as progressive taxation and welfare, that automatically adjust to counteract economic fluctuations without the need for explicit government intervention.

Unemployment Compensation

A government program that provides financial assistance to individuals who have lost their jobs through no fault of their own.