In an Effort to Promote Rapid Growth, the Government of Cashland

question 55

Multiple Choice

In an effort to promote rapid growth, the government of Cashland has kept taxes low, offered little regulation of business activities, and implemented only modest social programs. The government is now facing political pressure to do more to clean up the environment and to reduce the inequalities of income and wealth. Cashland's government is currently taking a

• A) purely capitalist approach to achieve its economic goals, and is likely to continue doing so in the future.
• B) purely socialist approach to achieve its economics goals, and is likely to continue doing so in the future.
• C) predominately socialist approach to achieving economic goals, but the current pressures it faces suggest it is likely to adopt a more capitalist approach in the future.
• D) predominately capitalist approach toward achieving economic goals, but the current pressures it faces suggest it is likely to adopt a more socialist approach in the future.

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Definitions:

Strategic Planning

The process of defining a business's strategy or direction and making decisions on allocating its resources to pursue this strategy.

Corporate Level

concerns strategies and decisions made at the highest level of a company affecting its overall direction and encompassing all its business units.

Business Level

Refers to the strategies and activities of businesses aimed at achieving competitive advantage in a specific market or industry.

Functional Areas

Specific categories within a business or organization that are responsible for distinct tasks, such as marketing, finance, or human resources.