In Today's World, Savvy Managers Recognize

question 14

Multiple Choice

In today's world, savvy managers recognize:

• A) They cannot measure, predict or control their environment.
• B) Centralized structures help them to cope with organizational demands.
• C) They do the "thought" work while employees perform their labor.
• D) Leadership is based on thoroughness of written documents.

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Definitions:

Consumption Spending

Expenditures by households on goods and services, excluding purchases of new housing.

Income

The money received, especially on a regular basis, for work or through investments.

Investment Accelerator

An economic theory suggesting that an increase in national or private investment spending stimulates overall economic growth, potentially leading to further increases in investment.

Investment

The act of allocating resources, usually money, with the expectation of generating an income or profit.