The Bretton Woods System Collapsed Because _____

question 30

Multiple Choice

The Bretton Woods system collapsed because _____

• A) countries started introducing trade barriers.
• B) the collapse of world gold production undermined the operation of the system.
• C) the gold value of the dollar exceeded the exchange value, causing an outflow of gold from the United States.
• D) the dollar was undervalued.
• E) the exchange value of the dollar exceeded its gold value, causing an inflow of gold to the United States.

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Definitions:

Consultative Management

A leadership approach where managers seek input and feedback from their team before making decisions, promoting a collaborative work environment.

Organizational Structure

The system outlining how activities are directed in order to achieve an organization's goals, defining roles, responsibilities, and the flow of information within the organization.

Company's Performance

An assessment of a company's ability to achieve its business objectives and goals, often measured by financial indicators such as revenue, profit margins, and market share.

Cross-functional

Relates to a team or process involving members from different departments or areas of expertise working together towards a common goal.