Tim Garner Owns and Operates His Own Small Automobile Repair

question 137

Multiple Choice

Tim Garner owns and operates his own small automobile repair shop. However, the prices he can charge are fixed, and he rents his land and building from the government. Most of his friends work for industries owned by the government. Tim's country is most likely a(n) ____ economy.

• A) market
• B) communist
• C) socialist
• D) industrialized
• E) capitalist

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Definitions:

Performance Determinant

A factor that significantly influences the outcome or level of performance in an activity or process.

Leaders

Individuals or entities that guide or direct others toward achieving specific goals.

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The impact that a Chief Executive Officer has on a company's culture, direction, and performance through their decisions and leadership style.

Organizational Performance

The measure of how effectively an organization achieves its objectives and goals through its resources and processes.