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A large single-day decline in the stock market occurred on Monday, October 19, 1987, popularly referred to as "Black Monday." On this day,the Dow Jones Industrial Average (DJIA), declined by 23%, and other market indexes declined by roughly the same amount. While several potential reasons for the crash were identified, no unambiguous conclusions resulted. One clear dynamic for the price decline, however, did exist. Describe this dynamic and what stock market policy resulted.
Formal Feedback
Structured and officially provided responses or evaluations, often related to job performance or project outcomes.
Continuous Improvement
A management philosophy focusing on the incremental improvement of products, services, and processes over time.
Lean Business Model
An approach to business aimed at creating value for customers with minimal waste and resources.
Planning (P)
The process of setting objectives, developing strategies, and outlining tasks and schedules to achieve the goals.
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