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Consider the Following Statements

question 69

Multiple Choice

Consider the following statements:
I. Behavioral scientists find that perfection standards often discourage employees and result in low worker morale.
II. Practical standards are also known as attainable standards.
III. Practical standards incorporate a certain amount of inefficiency such as that caused by an occasional machine breakdown.
Which of the above statements is (are) true?


Definitions:

Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulating banks, maintaining financial stability, and providing banking services to governmental institutions.

Board of Governors

The Federal Reserve System’s governing body.

Federal Open Market Committee

A branch of the Federal Reserve that oversees open market operations, including the buying and selling of government securities, to influence the money supply and interest rates.

Open Market Operations

The buying and selling of government securities by a central bank to control the money supply and interest rates in the economy.

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