Business Cycles Are

question 86

Multiple Choice

Business cycles are

• A)irregular, with some having two recessions and no expansion.
• B)predictable, with a recession following a trough.
• C)unpredictable, but always have two phases and two turning points.
• D)unpredictable, and don't always have two phases and two turning points.
• E)predictable, with an expansion following a trough.

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Definitions:

Job Control Unionism

A labor movement strategy that focuses on managing aspects of employment, such as hiring practices, work assignments, and promotions, through union influence.

Scientific Management

A theory of management that analyzes and synthesizes workflows to improve economic efficiency, especially labor productivity, developed by Frederick Taylor.

Self-Directed Work Teams

Groups of employees who are given the autonomy to manage themselves and their work, often including planning, scheduling, and execution of tasks.

Auto Industry

A global sector that designs, manufactures, markets, and sells motor vehicles.