Which of the Following Contributed to the Crisis of 2008

question 93

Multiple Choice

Which of the following contributed to the crisis of 2008?

• A) a doubling of the price of imported oil during 2007-2008
• B) a sharp increase in the price of housing during 2008
• C) inclement weather in 2008
• D) falling resource prices and a reduction in the cost of production

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Definitions:

Delegation

The assignment of responsibility or authority from one person to another for specific tasks or activities.

Assignment of Responsibilities

The process of distributing tasks and duties among members of a group or an organization.

Mechanistic Organization

A structured and hierarchical organizational model emphasizing clear lines of authority, job specialization, and rigid adherence to procedures.

Communication

The process of exchanging information, thoughts, messages, or speech, either verbally or non-verbally, between two or more individuals.