If a Series of Major Technological Breakthroughs Occur in the Economy

question 21

Multiple Choice

If a series of major technological breakthroughs occur in the economy at the same time, then the most likely outcome would be that the economy's

• A) demand curve for loanable funds will shift downward.
• B) demand curve for loanable funds will shift upward.
• C) consumption curve will shift downward.
• D) position along the existing demand curve for loanable funds will move upward.

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Definitions:

Resource Allocator

A role typically assumed by managers or leaders, involving the responsibility of distributing and managing resources within an organization efficiently.

Contingency Approach

The Contingency Approach refers to a management theory that suggests the best way to manage an organization depends on, and is contingent upon, the internal and external situation.

Managerial Activities

Tasks and responsibilities undertaken by managers to plan, organize, lead, and control the operations of an organization.

Networking

The practice of building, maintaining, and utilizing relationships, especially for professional or business purposes.