Failing to Discard Successful Plans from the Past Is Likely

question 147

Multiple Choice

Failing to discard successful plans from the past is likely to lead to ________.

• A)more success because conditions are unlikely to change in the future
• B)failure because conditions are likely to change in the future
• C)success because of the high quality of the plans
• D)failure because of the low quality of the plans

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Definitions:

Recession

A provisional downturn in economic conditions, involving a downturn in professional and industrial engagements, typically marked by a sequential GDP fall in two quarters.

Private Domestic Investment

Expenditures by private (non-government) entities on domestic capital goods, including constructions and equipment, to produce goods and services in the future.

Great Recession

A significant decline in economic activity across the globe that occurred between 2007 and 2009, widely considered the largest downturn since the Great Depression.

Expected Profit Rate

The anticipated return on investment, calculated based on projected incomes and the inherent risks associated with an investment.