Over Time, the Fed's Policy-Making Authority Has

question 31

Multiple Choice

Over time, the Fed's policy-making authority has

• A)become more decentralized through the twelve Federal Reserve Banks.
• B)become less powerful because of the increasingly complexity of the economy.
• C)remained about the same in terms of power and decentralization.
• D)become more concentrated in Washington D. C.

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Definitions:

Quality Circles

Small groups of employees who meet regularly to discuss and propose solutions to workplace problems, aiming to improve organizational performance and work environment.

Gainsharing Programs

Employee incentive plans that provide a share of the company’s profits based on performance metrics.

Scientific Management

A management theory developed by F.W. Taylor aiming at improving economic efficiency and labor productivity through systematic study of work methods and processes.

Workplace Flexibility

An arrangement in a work environment that allows employees to have variable work hours, locations, or job duties to balance their work and personal life efficiently.