Match the Term with the Best Descriptor

question 46

Multiple Choice

Match the term with the best descriptor.
-a bar graph used to identify and separate major and minor problems

• A)project management
• B)process improvement
• C)brainstorming
• D)mental imaging
• E)nominal group technique
• F)force field analysis
• G)affinity diagram
• H)Pareto chart
• I)tacit knowledge
• J)explicit knowledge
• K)flowchart

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Definitions:

Economic Recession

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

Regulated Monopolies

Market situations in which local, state, or federal government grants exclusive rights in a certain market to a single firm.

Economic Recession

a period of temporary economic decline characterized by a decrease in GDP, income, employment, and trade, typically lasting from six months to a year.

Communism

Economic system in which all property would be shared equally by the people of a community under the direction of a strong central government.