The Recession of 2007 - 2009 Moved Through Three Stages

question 20

Multiple Choice

The recession of 2007 - 2009 moved through three stages in the following order:

• A)1. The failure of specific mortgage-backed securities, 2. the crisis spread to the very foundations of the organizations at the core of the global financial system, the commercial and investment banks on all continents and 3. led to a credit-induced global recession of potential depression-like depths.
• B)1. The failure of specific mortgage-backed securities, 2 a credit-induced global recession of potential depression-like depths, and 3. the crisis spread to the very foundations of the organizations at the core of the global financial system, the commercial and investment banks on all continents.
• C)1. The crisis started with the very foundations of the organizations at the core of the global financial system, the commercial and investment banks on all continents, 2. spread to the failure of specific mortgage-backed securities, and 3. caused a credit-induced global recession of potential depression-like depths.
• D)1. A credit-induced global recession of potential depression-like depths caused 2. failure among the very foundations of the organizations at the core of the global financial system, the commercial and investment banks on all continent and finally, 3. the failure of specific mortgage-backed securities.

---

Definitions:

Personal Mastery

The continuous process of learning and growth on a personal level, aiming for self-improvement and a deeper understanding of oneself.

Exploitative Innovation

Exploitative Innovation involves leveraging existing knowledge and resources to improve or refine products, services, or processes.

Learning Organization

An organization that is skilled at creating, acquiring, and transferring knowledge and at modifying behavior to reflect new knowledge and insights.

Supervisory Training

Education or coaching geared towards equipping individuals with the knowledge and skills needed to oversee and guide a team effectively.