The CEO of a Services Company Routinely Attends the Team

question 66

Multiple Choice

The CEO of a services company routinely attends the team meetings of the company.He understands customer problems and provides solutions based on his experience and by following a standard, well-defined process.This works as a cue to the employees to emulate the CEO in the way problems are handled.Which of the following strategies is being exemplified in this scenario?

• A)Empowering employees
• B)Providing support to service providers
• C)Committing to service quality
• D)Replacing people with machines
• E)Achieving service goals through training

Understand the concept and implications of budget balance, deficit, and surplus within the framework of fiscal policy.

Comprehend the roles and effects of automatic stabilizers in an economy, including their advantages and how they function during economic fluctuations.

Grasp the foundational principles of the multiplier effect and its impact on national income and employment levels.

Identify and evaluate the mechanisms and effectiveness of discretionary fiscal policy in managing economic cycles.

---

Definitions:

Emotional Events

Life occurrences that elicit strong emotional reactions and have significant psychological implications.

Hypothalamus

An area of the brain situated beneath the thalamus, which regulates the autonomic nervous system and pituitary gland functions, overseeing the regulation of body temperature, thirst, hunger, and various other systems that maintain body equilibrium.

Amygdala

A part of the brain's limbic system involved in emotion regulation, particularly fear and pleasure responses.

Thought Suppression

The process of consciously attempting to avoid thinking about certain thoughts, which can paradoxically lead to an increase in those thoughts.