Which of the Following Is a Measure of the Decrease

question 45

Multiple Choice

Which of the following is a measure of the decrease in the value of money,expressed as the percentage reduction in value since the previous year?

• A)inflation
• B)recession
• C)depression
• D)consumer break-even

---

Definitions:

Training Level

The extent or degree of depth and complexity in which skills and knowledge are imparted to individuals during a training program.

Peter Principle

A term coined by author Lawrence J. Peter describing the tendency to promote individuals to their levels of incompetence. The overpromotion syndrome harms the individual and the organization because it inevitably results in lowered morale and job performance.

Organizations

Groups of people who come together to pursue common goals, typically structured and managed through established processes and hierarchies.

Level of Incompetence

a concept from the Peter Principle stating that employees tend to be promoted until they reach a position at which they are no longer competent.