Members of the Board of Governors of the Fed Are

question 141

Multiple Choice

Members of the Board of Governors of the Fed are

• A)elected to two-year terms by the Electoral College.
• B)appointed by the president for four-year terms and confirmed by the Congress.
• C)appointed by the president for 14-year terms and confirmed by the Senate.
• D)appointed by the president for 14-year terms and confirmed by the Supreme Court.

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Definitions:

Nonpreferences

The absence of a preference or inclination towards one option over another, often resulting in indecision or a neutral stance.

Preferences

An individual's selective liking or desire for one or more choices over others.

Quality Circles

Small groups of employees who voluntarily meet regularly to identify, analyze, and propose solutions to mutual problems, often related to work processes and quality improvement.

Participative Decision Making

A decision-making process where all members of a group are involved in identifying problems and developing solutions, enhancing team involvement and commitment.