To Be World Class, an Organization Should

question 120

Multiple Choice

To be world class, an organization should

• A)strive for a controlled improvement.
• B)operate at the highest standards of any place anywhere.
• C)be driven by business-as-usual goals.
• D)solely focus on beating the competition.
• E)continue to use the methods, systems, and cultures of the past.

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Definitions:

Business Fluctuations

Variations in the growth rate of an economy over time, including periods of expansion and contraction.

Money Supply

The overall volume of fiscal assets in an economy, which includes cash, coins, and amounts in checking and savings accounts, at a certain time.

Rational Expectations

An economic theory suggesting that individuals make predictions about future economic events using all available information in an unbiased and informed manner.

Discretionary Policies

Economic policies based on the judgment and decisions of policymakers, as opposed to set rules or formulas, often involving changes in government spending or taxation.