In a Feudalist Society, in Comparison with Mercantilism

question 3

Multiple Choice

In a feudalist society, in comparison with mercantilism:

• A) merchants play a more important political role than serfs.
• B) tradition plays a more important role than the government.
• C) government plays a large role in determining the what, how, and for whom decisions.
• D) markets make the central economic decisions.

---

Definitions:

Training Commitment

The dedication and effort an organization or individual is willing to invest in the development and implementation of training programs.

Total Quality Management

A management approach focused on continuous improvement of products, services, and processes by considering the input of all members of an organization.

Continuous Improvement

A method of constantly seeking ways to improve services, processes, or products through incremental adjustments or significant breakthroughs.

Teamwork

The collaborative effort of a group to achieve a common goal or complete a task in the most effective and efficient way.