Which of the Following Best Illustrates the Use of Discretionary

question 13

Multiple Choice

Which of the following best illustrates the use of discretionary countercyclical fiscal policy?

• A) Congress provides $90 billion in relief aid for hurricane victims.
• B) Congress appropriates $50 billion to help the needy, and the appropriation is financed by a tax on wealth.
• C) Income tax receipts are smaller because of a decline in real GDP during a recession.
• D) Congress passes a bill authorizing $100 billion in additional spending when it receives news of a deepening recession.

Recognize the importance of delegation and follow-up in management.

Understand the impact of departmentalization on organizational structure.

Acknowledge the importance of adaptability and flexibility for future organizational effectiveness.

Identify the implications of decentralization and centralization on organizational control.

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Definitions:

Detail Selling

A sales strategy focusing on the specific features and benefits of a product or service to persuade potential customers.

Business System

An organized set of procedures, processes, and methods that a company uses to conduct business and achieve its objectives.

Equitable Value

The fair and unbiased assessment of the worth of goods, services, or properties, considering all relevant factors to ensure fairness to all parties involved.

Professional Selling

Professional selling involves strategically approaching sales with expertise, ethics, and customer-focused techniques to achieve long-term success.