In the Wake of the 2008-2009 Global Financial Crisis the Following

question 22

Multiple Choice

In the wake of the 2008-2009 global financial crisis the following is a potential economic problem facing the world today

• A) rising trade protection
• B) a large U.S. balance of payments deficit
• C) deep poverty in many developing nations
• D) all of the above

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Definitions:

Effective Delegation

The process of assigning responsibility and authority to someone else to complete a clearly defined and agreed upon task while you retain ultimate responsibility for its success.

Performance Timetable

A schedule detailing the expected timelines for completing tasks or achieving milestones in a project or activity.

Formal Structure

The officially recognized structure of roles, duties, and relationships within an organization.

Informal Structure

The unofficial and unstated ways people and groups within an organization interact and organize work, which can contrast with the formal organizational structure.