Figure 22-5 Use the Graph Below to Answer the Following Questions

question 72

Multiple Choice

Figure 22-5
Use the graph below to answer the following questions.
-Refer to Figure 22-5. If the economy starts at C and the money supply growth rate increases, in the long run the economy

• A)stays at C.
• B)moves to B.
• C)moves to F.
• D)None of the above is consistent wit an increase in the money supply growth rate.

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Definitions:

Henri Fayol

A French engineer and scholar who developed the general theory of business administration and is best known for his 14 principles of management.

Scalar Chain

A principle of organizational management that establishes a clear line of authority from the top ranks through to the bottom levels within an organization.

Scientific Management

Emphasises careful selection and training of workers, and supervisory support.

Work Methods

The procedures and techniques employed to complete tasks efficiently and effectively in a workplace.