In the Face of a Slowdown in the Economy, Many

question 41

True/False

In the face of a slowdown in the economy, many organizations are cancelling video teleconferencing meetings and replacing them with business travel in order to save on costs.

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Definitions:

Positive Statement

An objective and fact-based statement or claim that describes how the world actually is, as opposed to what it should be, often used in economic analysis.

Normative Statement

A value judgment that expresses an opinion or belief about what ought to be, rather than statements of fact.

Administrative Department

A part of an organization responsible for managing its internal affairs and ensuring the efficient execution of operations.

Economists

Professionals who study the production, distribution, and consumption of goods and services, often analyzing economic issues and trends.