Identify a True Statement About the Great Recession

question 59

Multiple Choice

Identify a true statement about the Great Recession.

• A)The economy completely recovered from the Great Recession in 2009.
• B)The Great Recession spread around the globe by 2008.
• C)The middle class was the least affected by the Great Recession.
• D)The Great Recession increased employment rates to almost ten percent.

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Definitions:

Efficiency

The ability to accomplish a job with a minimum expenditure of time and resources.

Humanistic Management

An approach to management focusing on the individual needs and potential of employees, promoting personal growth and a positive organizational culture.

HR

Stands for Human Resources, a department in organizations concerned with the management of people within the company, focusing on policies, systems, and practices.

Scientific Management

A theory of management that analyzes and synthesizes workflows to improve economic efficiency, especially labor productivity.