Which of the Following Did Not Contribute to the Severity

question 48

Multiple Choice

Which of the following did not contribute to the severity of the Great Depression?

• A) a sharp reduction in the money supply during the early 1930s
• B) a large tax increase (to balance the budget) in the early 1930s
• C) substantial increases in the tariff rates on imported goods
• D) a reduction in government expenditures and a substantial cut in personal income tax rates during 1932 and again in 1936

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Definitions:

Operational Processes

The routine activities and procedures that a business uses to function efficiently and effectively.

Legal Requirements

These are mandates or statutory obligations established by local, state, or federal governmental bodies that organizations, individuals, or processes must adhere to.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.

Employee Talent

The skills, knowledge, or abilities possessed by an employee that contribute to their performance in the workplace.