The Bretton Woods System Worked Fairly Well for a Number

question 191

Multiple Choice

The Bretton Woods system worked fairly well for a number of years, but it finally broke down over

• A)lack of agreement on how to settle the problems of the surplus nations.
• B)its inability to devalue the U.S.dollar.
• C)the huge debts of the IMF to less-developed countries.
• D)the controversies generated by surplus nations wanting to devalue their currencies.

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Definitions:

Organizational Commitment

The psychological attachment and loyalty of an employee towards their organization, often leading to higher levels of participation and productivity.

Psychological Withdrawal

A defense mechanism where an individual emotionally detaches or disengages from stressful or threatening situations to protect their psychological well-being.

Employee Turnover

The rate at which employees leave a workforce and are replaced by new hires, which can affect a company's stability and cost.

Theory X

Negative assumptions about employees’ values and intentions.