When Managing in a Recession Concern Needs to Be Given

question 30

Multiple Choice

When managing in a recession concern needs to be given to:

• A) Take tough decisions.
• B) Recognize that high prices may be unsustainable and act sooner rather than later.
• C) Stay in close contact with customers and look for opportunities where both parties can help each other.
• D) All of the above.

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Definitions:

Punishment

A consequence imposed for a violation of rules or norms, intended to discourage undesirable behavior.

Shaping

A method of conditioning by which successive approximations of a desired behavior are reinforced.

Natural Laws

Fundamental principles that govern the natural world, often described through physics and other sciences.

Skinner

B.F. Skinner, an influential American psychologist known for his research in behaviorism and operant conditioning.