The Management Department at the University Decides to Add a New

question 37

Multiple Choice

The management department at the university decides to add a new program in restaurant,hotel,and institutional management.As part of the development process they hold focus groups consisting of area business leaders,current and former students,and restaurant and hotel owners.These groups can be described as:

• A)Project leaders.
• B)Project workers.
• C)Stakeholders.
• D)Clients.

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Definitions:

Automatic Stabilizers

Programs such as unemployment insurance benefits and taxes that are already on the books to help alleviate recessions and hold down the rate of inflation.

Government Surplus

The situation where a government's revenue exceeds its expenditures during a given timeframe, indicating a positive fiscal balance.

Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulation of financial institutions, and stability of the financial system.

Excessive Investment

When the level of investment in an economy exceeds what is considered sustainable or optimal, potentially leading to economic imbalances.