An Increase in Interest Rates Might ________ Saving Because More

question 25

Multiple Choice

An increase in interest rates might ________ saving because more can be earned in interest income.

• A)encourage
• B)discourage
• C)disallow
• D)invalidate

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Definitions:

Division of Labor

The assignment of different tasks to different people or groups in an organization to increase efficiency and productivity.

Span of Control

The number of subordinates or units that a manager or leader can directly control or supervise effectively.

Horizontal Specialization

The division of work in an organization into distinct tasks, with each employee or department focusing on a specific subset of activities, promoting expertise in those functions.

Vertical Hierarchy

An organizational structure where authority and responsibility flow directly from the top down through various management levels, indicating clear lines of authority.