"Why Is the Boss Never Around to Give His Approval

question 7

Multiple Choice

"Why is the boss never around to give his approval when I have some ideas on how to approach the problem? " you think. Which initiative level does your boss expect?

• A) Wait to be told what to do
• B) Act, then report results
• C) Initiate action, and report only routinely
• D) Ask what to do before acting

---

Definitions:

Years

Units of time that represent a duration of approximately 365 days, used as a measure of time passing.

Discretionary Policy

A type of fiscal or monetary policy that involves non-automated, active decisions by policymakers to influence economic conditions.

Time Lag

The delay between the cause or initiation of an event and its effect or outcome, often used in the context of economic policy impacts.

Economic Problem

The fundamental issue arising from the scarcity of resources relative to human wants, necessitating choices and prioritization in the allocation of resources.